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$950,000

122 Rainbow Dr.
Murrells Inlet, SC 29576
Listed by Megan Banks · David Hoffman Realty
Bedrooms
5
Bathrooms
6
Living area
2,232 sqft
Year built
2006

About this home

Located in the heart of Murrells Inlet, this home offers the rare combination of proven performance and coastal lifestyle—featuring strong prior rental income and nearly 35,000 in upgrades completed within the past year. Just minutes from the iconic Murrells Inlet Marsh Walk and a short walk to Surfside Beach, this property is ideally positioned near the area’s most sought-after attractions—making it a consistent draw for vacationers and a standout opportunity for continued rental success. This home features an elevator that runs all 3 levels and several walk in showers! Nearly every bedroom has it's own bath! A stylish blend of industrial charm and modern coastal comfort, the home is designed for both relaxation and entertainment. Outdoor living takes center stage with a private pool, hot tub, and outdoor kitchenette—perfect for enjoying the coastal air after a day at the beach or an evening along the Marsh Walk’s waterfront dining and live music scene. Inside, bold design elements like an eye-catching airplane mural and steel beam accents create a memorable first impression, while the open-concept living, kitchen, and dining areas provide a natural gathering space. A long family-style dining table and oversized island seating make hosting effortless. With spacious bedrooms, private bathrooms, Smart TVs throughout, and the convenience of a private elevator, this home comfortably accommodates large groups, repeat guests, and extended stays—delivering both elevated guest experience and strong investment appeal in one of the Grand Strand’s most desirable coastal markets.

Highlights

Private pool

Property details

MLS
Coastal Carolinas Association of REALTORS®
MLS #
2610482
Property type
Detached
Subdivision
Myrtle Dunes
Status
Active
Days on market
136
On market date
April 22, 2026
Stories
N/A
Total bathrooms
6
Garage spaces
N/A
Parking spaces
6
Lot size
0.15 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Seaside Elementary
1.06 mi away · Grades -1-4
Zoned school (attendance boundary, 2015-16 data)
4.0
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: Good (2025)
Enrollment
499
Student:teacher ratio
14.3:1
District
Horry 01
Middle
St. James Middle
3.52 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
944
Student:teacher ratio
16.6:1
District
Horry 01
High
St. James High
4.03 mi away · Grades 9-12
Zoned school (attendance boundary, 2015-16 data)
2.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,802
Student:teacher ratio
18.6:1
District
Horry 01

Walkability

Blended score for Murrells Inlet's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

56
Somewhat walkable
out of 100
EPA National Walkability Index
8.0 / 20 -- Below average walkable
Google Places amenity density
80 / 100
Restaurants & cafes20
Grocery stores5
Parks20
Schools3
Transit stops0
Pharmacies0

Market position

How this listing compares to current activity in Murrells Inlet, from live MLS data.

On the market 136 days -- 33 more days than Murrells Inlet's current average of 103 days.
For reference, the median list price across 788 active listings in Murrells Inlet right now is $369,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$5,871/mo
$190,000 down
$760,000 loan
Principal & interest$4,929
Property tax (est.)$792
Home insurance (est.)$150

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Data source: Listing information provided by Coastal Carolinas Association of REALTORS® (CCAR) via Trestle/CoreLogic. Last updated 11 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.