NOT LISTED FOR SALE

124 Rainbow Dr Murrells Inlet, SC 29576

Estimated Value: $1,017,000 - $1,055,000

5 Beds
5.5 Baths
2,200 Sq Ft
$472/Sq Ft Est. Value

Last Sold June 16, 2022

Last sale price $975,000 $443 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $6,617/month

1 Day on Market

Highlights

  • Ocean View
  • Private Pool
  • Main Floor Bedroom
  • Seaside Elementary Rated A-
  • Deck
  • Furnished

About This Home

As of June 2022

If you are looking for a turnkey, move in ready beach home, this is the place for you. 124 Rainbow Drive features 5 Bedrooms and 5-1/2 Baths for all of your family and friends to enjoy. On the first floor, there is one bedroom and 1-1/2 baths, the main living area, kitchen, and two porches. Upstairs are the remaining 4 bedrooms and 4 baths as well as a large front porch with both ocean and inlet views. The entire home can be accessed by an elevator. The real highlight of this home is the backyard oasis. There is a private swimming pool, living area, dining area, lounging area, grilling area, ice maker, and fridge. What more could you ask for in an island oasis? If you're the type of person that wants to grab your toothbrush and move on in, this is the place for you. Oh, did I forget to mention that your just a few steps away for the beautiful beaches in Garden City? Walk to the beach, golf cart to the pier and arcade. Be sure to set your appointment asap!

Last Agent to Sell the Property

Streett Property Consultants

Garden City Realty, Inc Listed on: 03/17/2022

Last Buyer's Agent

Christine Lefont

Redfin Corporation License #77126

Redfin Corporation

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,153

Year Built

  • Built in 2006

Lot Details

  • 6,098 Sq Ft Lot
  • Property fronts a marsh
  • Fenced
  • Rectangular Lot
  • Property is zoned MSF6

Parking

  • Tuck Under Parking

Property Views

  • Ocean
  • Creek or Stream

Home Design

  • Stilt Home
  • Bi-Level Home
  • Raised Foundation

Interior Spaces

  • 2,200 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Window Treatments
  • Combination Dining and Living Room
  • Fire and Smoke Detector

Kitchen

  • Breakfast Bar
  • Range with Range Hood
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • Split Bedroom Floorplan
  • Bathroom on Main Level

Laundry

  • Laundry Room
  • Washer and Dryer

Outdoor Features

  • Private Pool
  • Balcony
  • Deck
  • Patio
  • Front Porch

Location

  • East of US 17

Schools

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

Utilities

  • Central Heating and Cooling System
  • Water Heater

Community Details

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,153

Year Built

Built in 2006

Lot Details

0

Parking

4

Listing Details

  • Lot Description: Rectangular
  • Four Sided Lot Measurement: 60 x 101
  • 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
  • HOA Fee Frequency: Does Not Have Hoa
  • Heating And Cooling: Central Heat, Central Air, Electric
  • Living Room Type: Ceiling Fan
  • Lvt Date: 03/17/2022
  • Sold Total Heated Sq Ft: 2200
  • Sold Total Sq Ft: 3700
  • Style: Raised Beach
  • Type Of Parking: Under House - Raised Beach
  • Vehicle Parking Capacity: 4
  • Total Heated Sq Ft: 2200
  • Geo Subdivision: SC
  • Section Subdivision: Myrtle Dunes
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2006

Interior Features

  • Furnished: Yes
  • Interior Amenities: Wind Treat Convey, Smoke Detector, Wshr/Dryer Connection, Washer/Dryer, Split Bedroom Plan, Furnished, Elevator-Interior
  • Other Rooms: 1st Floor Bedrooms, 1st Floor Baths, Laundry/Utility
  • Kitchen Type: Range, Dishwasher, Garbage Disposal, Refrigerator, Microwave, Breakfast Bar, Range Hood
  • Master Bedroom Type: Ceiling Fan
  • Bedrooms: 5
  • Dining Room Type: Lvr/Dr Combo
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Levels: Two-Story
  • Total Sq Ft: 3700

Exterior Features

  • Exterior Features: Patio, Deck, Balcony, Front Porch, Rear Porch, Fencing, Lawn Sprinkler, Pool-Outdoor Private, Outside Storage Attached
  • Foundation: Raised Beach
  • Number Of Acres: 0.14

Garage/Parking

  • Type: Detached

Utilities

  • Water Heater: Electric

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, Oceanview Lot, Marsh/Wetlans View, East Of Highway 17 Bypass, Inlet/Creek View
  • Zoning: MSF6

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
Mar 17, 2022
Closed on
Jun 15, 2022
Sold by
C And D Properties Llc
Bought by
Mehmedi Luiza
Seller's Agent
Streett Property Consultants
Garden City Realty, Inc
Buyer's Agent
Christine Lefont
Redfin Corporation
List Price
$975,000
Sold Price
$975,000
Current Estimated Value
$1,037,331

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,331
Avg. Annual Appreciation
1.90%
Original Mortgage
$731,250
Outstanding Balance
$695,666
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
$341,665

Purchase Details

Listed on
Aug 6, 2021
Closed on
Aug 26, 2021
Sold by
Thompson Scott Anthony
Bought by
C And D Properties Llc
Seller's Agent
Drew Streett
Garden City Realty, Inc
Buyer's Agent
Dorie Davidson
EXP Realty LLC
List Price
$775,000
Sold Price
$795,000
Premium/Discount to List
$20,000
2.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.48%

Purchase Details

Closed on
Mar 15, 2010
Sold by
Spaugy Mark A
Bought by
Thompson Scott Anthony

Purchase Details

Closed on
Apr 7, 2008
Sold by
Docking Shaun and Avelo Mortgage Llc
Bought by
Spaugy Mark Anthony

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,000
Interest Rate
6.08%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 29, 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
$199,500
Interest Rate
6.06%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Oct 31, 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
$649,500
Interest Rate
7.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 2, 2005
Sold by
Moak Andrew T
Bought by
Trinity Development Llc
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
Mehmedi Luiza $975,000 --
C And D Properties Llc $795,000 --
Thompson Scott Anthony $435,000 --
Spaugy Mark Anthony $431,000 --
Docking Shaun $850,000 Belle Terre Title Co Llc
Needham Ronald Steven $750,000 None Available
Trinity Development Llc $320,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mehmedi Luiza $731,250
Previous Owner Spaugy Mark Anthony $408,000
Previous Owner Docking Shaun $199,500
Previous Owner Docking Shaun $649,500
Previous Owner Needham Ronald Steven $600,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/16/2022 06/16/22 Sold $975,000 0.0% $443 / Sq Ft
03/17/2022 03/17/22 For Sale $975,000 +22.6% $443 / Sq Ft
08/30/2021 08/30/21 Sold $795,000 +2.6% $361 / Sq Ft View Prior Sale
08/06/2021 08/06/21 For Sale $775,000 -- $352 / 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 $13,153 $63,022 $28,800 $34,222
2023 $13,153 $21,646 $6,963 $14,683
2021 $10,126 $27,456 $8,910 $18,546
2020 $4,342 $27,456 $8,910 $18,546
2019 $4,342 $27,456 $8,910 $18,546
2018 $0 $18,822 $5,940 $12,882
2017 -- $18,624 $5,940 $12,684
2016 -- $18,624 $5,940 $12,684
2015 $3,856 $18,624 $5,940 $12,684
2014 $3,647 $18,624 $5,940 $12,684
Source: Public Records

Agents Affiliated with this Home

  • Drew Streett

    Seller's Agent in 2021

    Drew Streett

    Garden City Realty, Inc

    (843) 615-6019

    22 in this area

    77 Total Sales

    Drew Streett
    Section Image

  • D

    Buyer's Agent in 2021

    Dorie Davidson

    EXP Realty LLC

    Section Image
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Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 2205522

Coastal Carolinas Association of REALTORS®

APN: 47004010104

South Carolina Horry County Murrells Inlet 29576

124 Rainbow Dr, Murrells Inlet, SC

This home is located at 124 Rainbow Dr, Murrells Inlet, SC 29576 since 17 March 2022 and is currently estimated at $1,037,331, approximately $471 per square foot. This property was built in 2006. 124 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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