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1741 Rainbow Lake

Chesnee, SC 29323

$549,950 $2,318/Mo

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Overview

Bed

Bath

2,600

Sqft

217,800

Sqft(Lot)

Description

Rare 5-Acre Opportunity | Residential, Commercial, or Homestead Potential This exceptional 5-acre parcel offers incredible versatility—ideal for commercial development, residential use, or a private homestead retreat. Located in a highly desirable area of Boiling Springs, this property combines prime location, acreage, and flexibility rarely found together. The property includes a 2,744 sq. ft. home featuring 4 bedrooms and 3 bathrooms, sold AS-IS and currently occupied. The spacious layout provides ample room for gatherings, entertaining, and everyday living—or serves as a foundation for renovation or future development. Envision transforming this home into a stunning farmhouse-style residence perfect for homesteading and country living. Convenience truly sets this property apart. Enjo y peaceful, rural surroundings while being just 5 minutes from the new Target, Publix, and Walmart in Boiling Springs. The property is also located in the highly sought-after District 2 school zone, offering a strong sense of community and excellent educational opportunities. With road frontage on both Rainbow Lake Road and Riveroak Road, the property offers exceptional access and development flexibility. Whether you’re a developer, investor, business owner, or homeowner seeking space and opportunity, this unique property delivers the location, acreage, and potential to bring your vision to life.

Property Details

Property Type : Mixed Use

Price : $549,950

AD Id : 72413795

MLS Id : 1578206

Beds : 4

Lot Size : 217,800 Sqft

Living Area Size : 2,600

Year Built : 1948

Garage : 2

County : Spartanburg

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total Bedrooms: 4 Main Bedrooms: 4 Main Bedrooms Size: 15x12 Bedroom #2 Size: 12x16 Bedroom #3 Size: 17x25 Bedroom #4 Size: 17x25 Dining Size: 11x14

Bathroom Information

Total Baths: 3 Full Baths: 3
Kitchen Information

Kitchen Size: 11x17

Interior Features

Cable Available,Ceiling Fan

Appliances

Stand Alone Rng-Electric
Cooling Features

Wall/Window Unit,Multi-Units

Heating Source

Baseboard,Electric

Water/Sewer

Water Source: Public Sewer: Septic Water Heater.: Electric

Building Information

Built Year: 1948 Total Floors: Carpet,Pine # of Stories: 2 Built: 1948 Approx Age: 50+ Roof Type: Composition Shingle Basement: None
Exterior Features

Patio,Porch-Enclosed,Porch-Front,Barn/Stall,R/V-Boat Parking
Parking/Garage

Basement: Workshop,Yard Door,Carport 1 Car Parking Type: Detached Carport Garage Total Capacity: 2

Lot Information

Lot Size: 2 - 5 Acres Approx # of Acres: 5 Lot Description: Level,Mountain View,Sloped,Some Trees
Property Information

Subdivision: None City: Chesnee Type: Mixed Use Class: Residential

Listing Price Information

Original List Price: $549,950

Tax Information

Tax ID Number: 2-23-00-007.00

Parking Information

Parking / Garage: Workshop,Yard Door,Carport 1 Car Parking Type: Detached Carport
Homeowners Association Information

HOA: N

School Information

Elementary School: Oakland Junior High School: Rainbow Lake Senior High School: Boiling Springs

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At $211.52 per sq.ft.,this listing is priced below average compared to other multifamily from Chesnee.

The average multifamily price in Chesnee is $498412.86 with avg. price / sq.ft of $2844.68.

The average multifamily price in Spartanburg County is $540257.14 with avg. price / sq.ft of $3659.00.

How much is this property worth?

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft
254 York Street, Chesnee, SC, 29323	$389,950	6	--	--
303 Edgefiled Street, Chesnee, SC, 29323	$389,950	6	--	--
250 York Street, Chesnee, SC, 29323	$389,950	6	--	--
176 Sequoyah Drive, Chesnee, SC, 29323	$375,000	6	--	--

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Information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers my be interested in purchasing, the data is deemed reliable but is not guaranteed accurate by the MLS. The MLS may at is discretion, require use of other disclaimers as necessary to protect participants and/or the MLS from liability.

ByOwner last updated this listing 04/06/2026 @ 11:51

MLS: 1578206 LISTED BY: Ron Hawkins, NextHome Experience Realty 864-415-5792 SOURCE: Greenville South Carolina SC