Incredible opportunity to acquire "Rainbow Villa", a 1920s Mediterranean-Italian-inspired villa, designed by renowned architect Philip T. Shutze for the granddaughter of Coca-Cola founder Asa Candler. Incredible original details prevail, including Moroccan tile floors, hand-carved sandstone mantel imported from Italy, distressed plaster walls, original balusters and more. Abundance of living space includes 15-ft barrel-vaulted great room, sunroom, formal dining room, den, kitchen open to keeping room. Stunning grounds, separate guest house, gated, one-acre estate.
Single-familyProperty Type
1924Year Built
0.9 acresLot Size
$440Est. Price/Sq.Ft.
2 garage spacesParking
Listed by CHASE MIZELL• Atlanta Fine Homes Sotheby's International
Bought with LESLIE BODY• Harry Norman REALTORS
Source:FMLS #5980853
Redfin Estimate
$1,888,837
$694K since sold in June 2018$18K since August
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 55% higher than the average sale price ($1.22M) of 6 comparable homes.
Incredible opportunity to acquire "Rainbow Villa", a 1920s Mediterranean-Italian-inspired villa, designed by renowned architect Philip T. Shutze for the granddaughter of Coca-Cola founder Asa Candler. Incredible original details prevail, including Moroccan tile floors, hand-carved sandstone mantel imported from Italy, distressed plaster walls, original balusters and more. Abundance of living space includes 15-ft barrel-vaulted great room, sunroom, formal dining room, den, kitchen open to keeping room. Stunning grounds, separate guest house, gated, one-acre estate.
GAMLS #8266056
Feb 15, 2018
Listing Removed
—
Oct 2, 2017
Listed
$1,395,000
$325/sq ft
FMLS #5914617
Feb 15, 2018
Listing Removed
—
Oct 2, 2017
Listed
$1,395,000
$325/sq ft
Public Records
May 23, 2005
Sold
$1,250,000
$291/sq ft
Year
Property tax
Land + Additions
Assessment*
2020
$401 (+109.7%)
$106,640 + $379,480
$486,120
2019
$191 (−62.7%)
$106,200 + $371,800
$478,000
2018
$513 (−69.2%)
$106,640 + $337,520
$444,160
2017
$1,666 (+11.5%)
$106,640 + $337,520
$444,160
2016
$1,495 (+37.9%)
$106,640 + $652,480
$759,120
2014
$1,084 (−2.6%)
$106,640 + $268,080
$374,720
2013
$1,113 (−27.3%)
$106,640 + $268,080
$374,720
2012
$1,530 (−29.6%)
$106,720 + $176,880
$283,600
2011
$2,174 (+16.0%)
$103,920 + $229,632
$333,552
2010
$1,874 (−86.9%)
$103,910 + $302,410
$406,320
2008
$14,275
Tax history for 761 Lullwater Rd NE
Year
Property tax
Land + Additions
Assessment*
2020
$401 (+109.7%)
$106,640 + $379,480
$486,120
2019
$191 (−62.7%)
$106,200 + $371,800
$478,000
2018
$513 (−69.2%)
$106,640 + $337,520
$444,160
2017
$1,666 (+11.5%)
$106,640 + $337,520
$444,160
2016
$1,495 (+37.9%)
$106,640 + $652,480
$759,120
2014
$1,084 (−2.6%)
$106,640 + $268,080
$374,720
2013
$1,113 (−27.3%)
$106,640 + $268,080
$374,720
2012
$1,530 (−29.6%)
$106,720 + $176,880
$283,600
2011
$2,174 (+16.0%)
$103,920 + $229,632
$333,552
2010
$1,874 (−86.9%)
$103,910 + $302,410
$406,320
2008
$14,275
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Permits
Beds
3
Baths
2.5
Stories
2
Lot width
—
Lot depth
—
Lot size
0.92 Acres
Year renovated
2020
Sq. Ft.
2,974
Year built
1924
Style
Single Family Residential
County
DeKalb County
APN
15 242 01 047
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 14, 2026.
Feb 17, 2025 • Active
Residential - electrical
Repair the overhead electrical mast damaged by fallen trees.
Electrical
Feb 9, 2022 • Active
Residential - gas pressure test only
Perform a gas line pressure test.
Gas
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Fireplace Features: Family Room, Gas Log, Gas Starter, Living Room
Interior Features: Beamed Ceilings, Bookcases, Entrance Foyer, High Ceilings 9 ft Upper, High Ceilings 10 ft Main, High Speed Internet, Walk-In Closet(s)
Common Walls: No Common Walls
Appliances: Dishwasher, Disposal, Electric Range, Microwave, Refrigerator, Self Cleaning Oven
Flooring: Hardwood
Room Information
LaundryFeatures: Other
Kitchen Features: Breakfast Room,Cabinets Stain,Eat-in Kitchen,Pantry,Pantry Walk-In,Second Kitchen,Solid Surface Counters,View to Family Room
Dining Room Features: Separate Dining Room
Room Type: Bonus Room, Den, Family Room, Living Room, Office
Exterior Features: Awning(s), Garden, Gas Grill, Rear Stairs
Roof: Tile
Fencing: Fenced
Patio And Porch Features: Covered, Deck, Enclosed, Front Porch, Patio
Property Condition: Resale
Spa Features: Private
Other Structures: Guest House
Green Energy Efficient: Thermostat
Lot Information
Waterfrontage Length: 0
Financial
Financial Information
Buyer Financing: Conventional
Utilities
Utility Information
Cooling: Central Air, Whole House Fan
Heating: Natural Gas, Radiant
Water Source: Public
Sewer: Public Sewer
Location
HOA Information
Association Fee Frequency: Annually
Association Fee2 Frequency: Annually
School Information
Elementary School: Springdale Park
Middle Or Junior School: David T Howard
High School: Midtown
Location Information
Directions: From Ponce de Leon, North on Lullwater, house on Right. From N Decatur Rd, south on Lullwater, house on Left.
Road Surface Type: Paved
Dekalb - GA
Community Information
Community Features: Country Club, Gated, Near Schools, Public Transportation, Sidewalks, Street Lights
Public facts
Beds: 3
Baths: 2.5
Sq. Ft.: 2,974
Stories: 2.0
Lot Size: 0.92 acres
Style: Single Family Residential
Year Built: 1924
Year Renovated: 2020
County: DeKalb County
APN: 15 242 01 047
Home facts updated by county records on Sep 14, 2026
Around this home
Schools
Springdale Park Elementary School
Public PreK-5 • Assigned • 0.6mi
9/10
David T Howard Middle School
Public 6-8 • Assigned • 2.2mi
9/10
Midtown High School
Public 9-12 • Assigned • 2.0mi
9/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Local insights from Redfin agents
DeKalb County offers diverse lifestyles, from established communities like Decatur and Avondale Estates to suburban neighborhoods throughout North and East DeKalb. Known for its culture, dining, green spaces, and MARTA access, DeKalb attracts buyers...