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Sold for $800,000 Sold

2290 Rainbow Lake
Inman, SC 29349

4 beds, 2 baths | Single Family Home
lot: 72 acres - MLS# 1392177
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Sold for $800,000 on Jun 24, 2019


72 Acre Waterfront Estate Home Parcel or Development Site Amazing property with 72 Acres on the South Pacolet River with over 3,000 feet of water Frontage just below Lake Bowen. Great opportunity for a developer to create Estate size Waterfront Lot Subdivision with great water views and very close to booming Boiling Springs, SC. Property has very nice Topo. Part of the property has been cleared but there still is probably 1/2 in Timber that could be harvested for income. This property is located across from Timberlake subdivision and properties in that subdivision typically don't stay on the market long when offered for sale. Public water is to the site. Keep this amazing property as a whole for an estate size Farm, with this mid century architecturally inspired 4 bedroom home (2,400 square feet) that just needs you personal touch to update it. According to a recent appraisal land comps on the river have sold for around $15,100 per acre. Another land comp close by that was NOT on the water for over $12,187 per acre. Spartanburg County, SC Parcel ID: 1-23-00-038.00 Turkey and Deer are plentiful on the property. The house with just 8 Acres just appraised for $300,000 recently. 64 Acres times $15,000 per acre equals $960,000 in value. That would be a possible value of $1,260,000 PRICE for this whole 72 Acre Estate Parcel and Home SOLD as IS- $899,000


  • Property Type: Single Family Home
  • Sub Type: Single Family-Detached
  • Listing Status: Sold
  • Listing Price: $889,000
  • County/Area: Spartanburg County
  • Zip Code: 29349
  • Elementary School: Boilings Spring
  • Middle School: Rainbow Lake
  • High School: Boiling Springs
  • Style: Ranch
  • Stories: 1-Story +Basement
  • Bedrooms: 4
  • Full Baths: 2
  • Basement: Unfinished, Walkout
  • Garage: 2-Car
  • Fireplace: Wood Burning Fireplace, Masonry, 2
  • Lot Size: 72 acres
  • Baths: 2
  • View: Yes, See Lot Description
  • Waterfront: Yes, See HOA/Community Amenities
  • # Full Baths On Main Lvl: 2
  • Appliances: Oven-Electric, Stand Alone Rng-Smooth Tp
  • Approx Age: 31-50
  • Bedroom #2 Size: 12x13
  • Bedroom #3 Size: 13x13
  • Bedroom #4 Size: 12x13
  • Breakfast Room Size: 8x8
  • Cooling System: Central Forced, Electric
  • Dining Rm Size: 13x11
  • Driveway: Paved
  • Exterior Features: Patio, Porch-Other, Porch-Wrap Around
  • Exterior Finish: Wood
  • Floors: Ceramic Tile, Hardwood
  • Foundation: Slab
  • HOA/Community Amenities: Water Access
  • Heating System: Electric, Forced Air
  • Interior Features: Ceiling 9ft+
  • Kitchen Size: 13x7
  • Lake Prop Features: Water Front Lot
  • Lake Property: Yes
  • Laundry: 1st Floor
  • Living Room Size: 14x25
  • Lot Description: Lake, Sloped Gently, Some Trees, Water Front, Water View
  • Master Bedroom: Full Bath, Master On Main Lvl, Tub/Shower
  • Master Bedroom Size: 13x15
  • Parking Type: Attached Carport
  • Parking/Garage: Carport 2 Cars
  • Roof: Composition Shingle
  • Second Living Quarters: Main Level
  • Selling Agent: Non Mls Member
  • Selling Office: Non Mls
  • Sewer: Septic
  • Total Sqft Finished/Heated: 2400-2599
  • Water: Public
  • Water Heater: Electric
  • Sold Date: 2019-06-24
  • Sold Price: 800000
Courtesy of New City Development & Realty, Shawn Thomas
House Express Real Estate
107 Sunbelt Ct. Suite 3
Greer, SC 29650
Phone: 864-469-7383
Fax: 1-877-272-0431
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