Discover the potential at 4059 Rainbow Dr, Decatur, GA - nearly 2 acres of undeveloped land ready for your vision. Whether you're looking to build a custom estate, develop investment property, or secure land in a growing area, this spacious parcel offers endless possibilities.Conveniently located near shopping, dining, major highways, and just minutes from downtown Decatur and Atlanta, this property combines privacy with accessibility. Utilities nearby (verify with county), making development even more attainable. Don't miss this rare opportunity to own a sizable piece of land in a rapidly developing area!
Active
$139,000
4059 Rainbow Dr, Decatur, GA 30034
--beds
--baths
1.96Acres
Residential Lot
Built in ----
1.96 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Spacious parcel
- 28 days |
- 130 |
- 11 |
Zillow last checked: 7 hours ago
Listing updated: March 13, 2026 at 10:06pm
Listed by:
Danielle Kumani 678-787-0289,
Realty ONE Group Terminus
Source: GAMLS,MLS#: 10700467
Facts & features
Property
Features
- Waterfront features: No Dock Or Boathouse
- Body of water: None
Lot
- Size: 1.96 Acres
- Features: None
- Residential vegetation: Wooded
Details
- Additional structures: None
- Parcel number: 15 125 05 016
- Special conditions: Investor Owned
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: None
Community & HOA
Community
- Features: None
- Subdivision: None
HOA
- Has HOA: No
Location
- Region: Decatur
Financial & listing details
- Tax assessed value: $49,500
- Annual tax amount: $863
- Date on market: 2/28/2026
- Cumulative days on market: 28 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
Estimated market value
Not available
Estimated sales range
Not available
$1,814/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 2/28/2026 | Listed for sale | $139,000+113.8% |
Source: | ||
| 3/21/2025 | Sold | $65,000 |
Source: | ||
| 3/4/2025 | Pending sale | $65,000 |
Source: | ||
| 12/30/2024 | Listed for sale | $65,000-76.4% |
Source: | ||
| 11/1/2024 | Listing removed | $275,000 |
Source: | ||
| 6/17/2024 | Listed for sale | $275,000 |
Source: | ||
| 5/26/2024 | Pending sale | $275,000 |
Source: | ||
| 5/1/2024 | Listed for sale | $275,000 |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $863 -0.2% | $19,800 |
| 2024 | $865 -0.2% | $19,800 |
| 2023 | $867 +61.9% | $19,800 +62.3% |
| 2022 | $535 | $12,200 |
| 2021 | $535 | $12,200 |
| 2020 | $535 0% | $12,200 |
| 2019 | $535 -2.7% | $12,200 |
| 2018 | $550 -0.2% | $12,200 |
| 2017 | $551 +2.3% | $12,200 |
| 2016 | $539 | $12,200 +205% |
| 2014 | $539 | $4,000 |
| 2013 | -- | $4,000 |
| 2012 | -- | $4,000 -16.7% |
| 2011 | -- | $4,800 -39.4% |
| 2010 | $318 -2.4% | $7,920 |
| 2009 | $325 +2% | $7,920 |
| 2008 | $319 | $7,920 |
| 2007 | $319 +2.5% | $7,920 |
| 2006 | $311 -1% | $7,920 |
| 2005 | $314 -3.9% | $7,920 -3.9% |
| 2004 | $327 +2.2% | $8,240 |
| 2003 | $320 +2.6% | $8,240 |
| 2002 | $312 +1.5% | $8,240 |
| 2001 | $307 | $8,240 |
Find assessor info on the county website
BuyAbility℠ payment
Estimated monthly payment
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Neighborhood: 30034
Nearby schools
GreatSchools rating
- 4/10Rainbow Elementary SchoolGrades: PK-5Distance: 0.1 mi
- 4/10Chapel Hill Middle SchoolGrades: 6-8Distance: 1.9 mi
- 4/10Southwest Dekalb High SchoolGrades: 9-12Distance: 0.3 mi
Schools provided by the listing agent
- Elementary: Rainbow
- Middle: Columbia
- High: Southwest Dekalb
Source: GAMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Local experts in 30034
- Georgia
- Dekalb County
- Decatur
- 30034
- 4059 Rainbow Dr







