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2290 Rainbow Lake, Inman, SC 29349

4 Bed, 2 Bath Single Family Home For Sale

2290 Rainbow Lake, Inman, SC 29349 Home For Sale - MLS #1392177
$899,000
4
2
Single Family
Ranch
Listing courtesy of New City Development & Realty

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Property Description for 2290 Rainbow Lake, Inman, SC 29349

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

Interior Details

2,599 sq. ft.
$345.90/sq. ft.
Electric Oven; Smooth Top Range
Septic
Public
9ft+ Ceilings

Exterior Details

72.00 acres
3,136,320 sq. ft.
Attached Carport; Carport 2 Cars
2 Garage Spaces
Slab

Other Details

1392177
Water Access
2400-2599
Paved

Room Levels, Dimensions and Features

Living Room
1
14x25
Dining Room
1
13x11
Kitchen
1
13x7
Master Bedroom
13x15
Bedroom 2
12x13
Bedroom 3
13x13
Bedroom 4
12x13
Breakfast Room
8x8
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