NOT LISTED FOR SALE

122 Rainbow Dr Murrells Inlet, SC 29576

Estimated Value: $1,006,371 - $1,059,000

5 Beds
7 Baths
2,500 Sq Ft
$415/Sq Ft Est. Value

Last Sold February 29, 2024

Last sale price $970,000 $388 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $6,505/month

85 Days on Market

Highlights

  • Private Pool
  • RV Access or Parking
  • Deck
  • Seaside Elementary Rated A-
  • Creek or Stream View
  • Main Floor Primary Bedroom

About This Home

As of February 2024

This fully furnished home comes with 5 spacious bedrooms, 5 full baths, and 2 half baths. With only a short walk to Garden City beaches, this property sits on a large lot, with marsh views, and a long 200ft driveway. This home is perfect for entertaining, with a private pool, hot tub, outdoor kitchen, and outdoor half bath. The property offers many upgrades including an elevator, newly painted cabinets, and newly installed luxury plank flooring. Use this home as the perfect beach escape or serve as a high-producing rental property.

Last Agent to Sell the Property

Savannah Rhame

Century 21 Palms Realty License #122931 Listed on: 11/13/2023

Century 21 Palms Realty

Last Buyer's Agent

AGENT .NON-MLS

ICE Mortgage Technology INC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,818

Year Built

  • Built in 2006

Lot Details

  • 6,534 Sq Ft Lot
  • Property fronts a marsh
  • Fenced
  • Irregular Lot

Parking

  • Driveway
  • RV Access or Parking

Home Design

  • Stilt Home
  • Raised Foundation
  • Wood Frame Construction
  • Siding
  • Tile

Interior Spaces

  • 2,500 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Beamed Ceilings
  • Ceiling Fan
  • Insulated Doors
  • Combination Dining and Living Room
  • Luxury Vinyl Tile Flooring
  • Creek or Stream Views
  • Fire and Smoke Detector
  • Washer and Dryer

Kitchen

  • Breakfast Bar
  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Solid Surface Countertops
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • Whirlpool Bathtub

Pool

  • Private Pool
  • Spa

Outdoor Features

  • Balcony
  • Deck
  • Patio
  • Built-In Barbecue
  • Front Porch

Schools

  • Seaside Elementary School
  • Saint James Middle School
  • Saint James High School

Utilities

  • Central Heating and Cooling System
  • Electric Air Filter
  • Water Heater
  • Phone Available
  • Cable TV Available

Additional Features

  • Handicap Accessible
  • East of US 17

Community Details

  • The community has rules related to fencing, allowable golf cart usage in the community
  • Elevator

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,818

Year Built

Built in 2006

Lot Details

0

Parking

8

Listing Details

  • Lot Description: Irregular
  • Amenities Available: Seller Disclosure, Short Term Rental Allowed, Long Term Rental Allowed, Owner Allowed Motorcycle, Tenant Allowed Motorcycle, Owner Allowed Golf Cart, Tenant Allowed Golf Cart, Owner Allowed Pet
  • Estimated Year Built: 2006
  • Class: Residential
  • Construction Status: Resale
  • Floor Cover: Luxury Vinyl Plank/Tile, Tile
  • HOA Fee Frequency: Does Not Have Hoa
  • Heating And Cooling: Central Air, Central Heat, Electric
  • Living Room Type: Beam, Ceiling Fan
  • Lvt Date: 11/13/2023
  • Sold Total Heated Sq Ft: 2500
  • Sold Total Sq Ft: 2700
  • Style: Raised Beach
  • Type Of Parking: Driveway
  • Vehicle Parking Capacity: 8
  • Total Heated Sq Ft: 2500
  • Geo Subdivision: SC
  • Section Subdivision: Myrtle Dunes
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2006

Interior Features

  • Furnished: Yes
  • Interior Amenities: Smoke Detector, Wshr/Dryer Connection, Washer/Dryer, Electric Air Filter, Furnished, Elevator-Interior
  • Primary Bathroom: Whirlpool Tub
  • Kitchen Type: Breakfast Bar, Dishwasher, Solid Surface Countertops, Garbage Disposal, Microwave, Refrigerator, Range, Stainless Steel Apps., Work Island
  • Master Bedroom Type: 1st Flr Level, Ceiling Fan
  • Bedrooms: 5
  • Dining Room Type: Beam Ceiling, Ceiling Fan, Lvr/Dr Combo
  • Full Bathrooms: 5
  • Half Bathrooms: 2
  • Levels: Three Or More
  • Total Sq Ft: 2700

Exterior Features

  • Exterior Features: Patio, Deck, Balcony, Front Porch, Rear Porch, Fencing, Pool-Outdoor Private, Spa/Hot Tub, Boat Parking, Outside Storage Detached, Insulated Doors/Windows, Built-In Bbq, Handicap Access, Elevator-Exterior, Rv Parking, Elevator Shaft-Exterior
  • Exterior Finish: Siding, Wood Frame
  • Foundation: Raised Beach
  • Number Of Acres: 0.15

Garage/Parking

  • Type: Detached

Utilities

  • Water Heater: Electric
  • Utilities Available: Cable Tv, Electricity, Sewer, Telephone, Water Public

Schools

  • Elementary School: Seaside Elementary School
  • Middle School: Saint James Middle School
  • High School: Saint James High School

Lot Info

  • Lot Location: East Of Bus 17, Marsh/Wetlans View, East Of Highway 17 Bypass, Inlet/Creek View
  • Zoning: Res

MLS Schools

  • Elementary School: Seaside Elementary School
  • HighSchool: Saint James High School
  • Middle School: Saint James Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 13, 2023
Closed on
Feb 26, 2024
Sold by
Ak Rental Properties Llc
Bought by
Bish Micheal P and Bish Jennifer S
Seller's Agent
Savannah Rhame
Century 21 Palms Realty
Buyer's Agent
AGENT .NON-MLS
ICE Mortgage Technology INC
List Price
$1,050,000
Sold Price
$970,000
Premium/Discount to List
-$80,000
-7.62%
Views
148
Current Estimated Value
$1,037,093

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$67,093
Avg. Annual Appreciation
4.27%

Purchase Details

Closed on
Nov 5, 2021
Sold by
Teachout Stephen
Bought by
Ak Rental Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$628,000
Interest Rate
2.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 1, 2013
Sold by
Pickett Delores S
Bought by
Pickett Steven Ray

Purchase Details

Closed on
Dec 7, 2009
Sold by
Bailey Alex
Bought by
Teachout Stephen

Purchase Details

Closed on
Sep 15, 2009
Sold by
Neelon Joshua B
Bought by
Bailey Alex

Purchase Details

Closed on
Apr 30, 2008
Sold by
Trinity Development Llc
Bought by
Neelon Joshua B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
5.86%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 23, 2008
Sold by
Warner John
Bought by
Takmazyan Kristina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
5.86%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 4, 2008
Sold by
Citibank Na
Bought by
Warner John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$684,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 20, 2007
Sold by
Docking Shaun and Case #07-Cp-26-5368
Bought by
Citibank Na and Structured Asset Mortgage Investments Ii

Purchase Details

Closed on
Dec 15, 2006
Sold by
Needham Ronald Steven and Needham Janie E
Bought by
Docking Shaun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 25, 2006
Sold by
Trinity Development Llc
Bought by
Needham Ronald Steven and Needham Janie E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Bish Micheal P $970,000 --
Ak Rental Properties Llc $799,999 --
Pickett Steven Ray -- --
Teachout Stephen $350,000 --
Bailey Alex -- --
Neelon Joshua B $855,000 --
Takmazyan Kristina $855,000 --
Warner John $525,000 --
Citibank Na $400,000 None Available
Docking Shaun $850,000 Belle Terre Title Co Llc
Needham Ronald Steven $750,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ak Rental Properties Llc $628,000
Previous Owner Neelon Joshua B $150,000
Previous Owner Neelon Joshua B $684,000
Previous Owner Needham Ronald Steven $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/29/2024 02/29/24 Sold $970,000 -7.6% $388 / Sq Ft
11/13/2023 11/13/23 For Sale $1,050,000 -- $420 / Sq Ft
Source: Coastal Carolinas Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $11,818 $62,621 $24,000 $38,621
2023 $11,818 $23,539 $7,543 $15,996
2021 $10,126 $29,557 $9,331 $20,226
2020 $4,717 $29,557 $9,331 $20,226
2019 $4,717 $29,557 $9,331 $20,226
2018 $0 $20,469 $6,435 $14,034
2017 $1,154 $20,469 $6,435 $14,034
2016 -- $20,469 $6,435 $14,034
2015 $1,154 $20,469 $6,435 $14,034
2014 $1,001 $20,469 $6,435 $14,034
Source: Public Records

Agents Affiliated with this Home

  • Savannah Rhame

    Seller's Agent in 2024

    Savannah Rhame

    Century 21 Palms Realty

    (803) 308-1938

    2 in this area

    36 Total Sales

    Savannah Rhame
    Section Image

  • A

    Buyer's Agent in 2024

    AGENT .NON-MLS

    ICE Mortgage Technology INC

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Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 2323112

Coastal Carolinas Association of REALTORS®

APN: 47004010103

South Carolina Horry County Murrells Inlet 29576

122 Rainbow Dr, Murrells Inlet, SC

This home is located at 122 Rainbow Dr, Murrells Inlet, SC 29576 since 13 November 2023 and is currently estimated at $1,037,093, approximately $414 per square foot. This property was built in 2006. 122 Rainbow Dr is a home located in Horry County with nearby schools including Seaside Elementary, St. James Intermediate, and St. James Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Coastal Carolinas Association of REALTORS® Provided courtesy of the Coastal Carolinas MLS. Copyright 2025 of the Coastal Carolinas MLS. All rights reserved. Information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Coastal Carolinas MLS.

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