124 Rainbow Dr Murrells Inlet, SC 29576
5
Beds
5.5
Baths
2,200
Sq Ft
6,098
Sq Ft Lot
Highlights
- Ocean View
- Private Pool
- Main Floor Bedroom
- Seaside Elementary Rated A-
- Deck
- Furnished
About This Home
As of June 2022If 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. As you enter the home, you will be immediately drawn to the attention to detail in the decorating. 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
Garden City Realty, Inc License #27948 Listed on: 08/06/2021
Last Buyer's Agent
Dorie Davidson
EXP Realty LLC License #63526
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
Utilities
- Central Heating and Cooling System
- Water Heater
Community Details
- The community has rules related to fencing, allowable golf cart usage in the community
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.54%
Original Mortgage
$731,250
Interest Rate
5.25%
Mortgage Type
New Conventional
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
$684,000
Interest Rate
6.87%
Mortgage Type
Unknown
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
Similar Homes in Murrells Inlet, SC
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $975,000 | -- | |
| Warranty Deed | $795,000 | -- | |
| Deed | $435,000 | -- | |
| Legal Action Court Order | $431,000 | -- | |
| Deed | $850,000 | Belle Terre Title Co Llc | |
| Warranty Deed | $750,000 | None Available | |
| Warranty Deed | $320,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $731,690 | New Conventional | |
| Closed | $731,250 | New Conventional | |
| Previous Owner | $372,000 | New Conventional | |
| Previous Owner | $684,000 | Unknown | |
| Previous Owner | $408,000 | Purchase Money Mortgage | |
| Previous Owner | $199,500 | Stand Alone Second | |
| Previous Owner | $649,500 | Purchase Money Mortgage | |
| Previous Owner | $600,000 | Purchase Money Mortgage | |
| Previous Owner | $275,000 | Construction |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/20/2025 05/20/25 | For Sale | $1,050,000 | +7.7% | $477 / Sq Ft |
| 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 |
| 08/06/2021 08/06/21 | For Sale | $775,000 | -- | $352 / Sq Ft |
Source: Coastal Carolinas Association of REALTORS®
Tax History Compared to Growth
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 | $21,646 | $6,963 | $14,683 |
| 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
-
G
Seller's Agent in 2025
Glenn Hellofs
BHHS Myrtle Beach Real Estate
-
S
Seller's Agent in 2022
Streett Property Consultants
Garden City Realty, Inc
-
C
Buyer's Agent in 2022
Christine Lefont
Redfin Corporation
-
D
Seller's Agent in 2021
Drew Streett
Garden City Realty, Inc
-
D
Buyer's Agent in 2021
Dorie Davidson
EXP Realty LLC
Map
Source: Coastal Carolinas Association of REALTORS®
MLS Number: 2117326
APN: 47004010104
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.
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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