For Sale: Prime Land Opportunity – 4059 Rainbow Dr, Decatur, GA Seize the chance to own nearly 2 acres of undeveloped land in a thriving location! This spacious parcel at 4059 Rainbow Dr is the perfect canvas for your vision ideal for building a custom estate, developing investment property, or securing land in a growing community. Enjoy privacy and accessibility with a location close to shopping, dining, major highways, and just minutes from both downtown Decatur and Atlanta. Utilities are available nearby (please verify with county), making this property even more attractive for development. Don’t miss out on this rare opportunity to invest in a substantial piece of land in a rapidly developing area!
Here's your opportunity to purchase a large lot and build your dream home. It's a 1.9acre lot with 125' frontage. Builders this should get your attention as well. Don't miss out. Feel free to check it out. This one may go quickly. Public transportation is right there and access to I-20 highway is less than a mile away.
FMLS #7379289
Oct 31, 2024
Listing Removed
—
Jun 17, 2024
Relisted
—
Jun 4, 2024
Pending
—
May 26, 2024
Contingent
—
May 1, 2024
Listed
$275,000
GAMLS #10290756
Oct 31, 2024
Listing Removed
—
Jun 17, 2024
Relisted
—
May 26, 2024
Pending
—
May 1, 2024
Listed
$275,000
Year
Property tax
Land + Additions
Assessment*
2025
$863 (−0.2%)
$19,800
2024
$865 (−0.2%)
$19,800
2023
$867 (+61.9%)
$19,800
2022
$535
$12,200
2021
$535
$12,200
2020
$535
$12,200
2019
$535 (−2.7%)
$12,200
2018
$550 (−0.2%)
$12,200
2017
$551 (+2.3%)
$12,200
2016
$539 (+197.8%)
$12,200
2014
$181 (−0.2%)
$12,200
2013
$181 (−0.1%)
$4,000
2012
$182 (−14.9%)
$4,000
2011
$213 (−32.8%)
$4,800
2010
$318 (−0.5%)
2008
$319
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
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Lot width
—
Lot depth
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Lot size
1.96 Acres
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
—
Year built
—
Style
Other
County
DeKalb County
APN
15 125 05 016
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 14, 2026.
R-100
Residential Medium Lot-100 District
The purpose and intent of the board of commissioners in establishing the R-100 (Residential Medium Lot-100) District is as follows: To provide for the protection of neighborhoods within the county where lots have a minimum area of fifteen thousand square feet; To provide for compatible infill development in neighborhoods; To provide protections for existing development as new subdivisions are created; To provide flexibility in design on the interior of new development while protecting surrounding development; To assure that the uses and structures authorized in the R-100 (Residential Medium Lot-100) District are those uses and structures designed to serve the housing, recreational, educational, religious, and social needs of the neighborhood; To provide for appropriately sized accessible and useable open space in new developments for health, recreational and social opportunities for county residents; and To implement the future development map of the county's most current comprehensive plan.
Permitted uses
Include but are not limited to:
Equestrian facility
Livestock production
Garden center
Housing-Single unit
Public service
Golf related
Communications tower
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...