Listed by Lori Barnett, Engel & Völkers Black Hills, 605.786.5817. A Rare Opportunity on a Premier Street. This 3,192 square foot home is nestled on 3.3 private acres in one of the area’s most coveted neighborhoods. This property is being offered for just the second time—and has remained in the same family since 1978. Built in 1973, with 4 bedrooms, 2 baths, 2 half baths, and a two-car garage, the main level showcases a clean, modern aesthetic with expansive windows, open living spaces, warm Black Hills pine floors, and panoramic views that stretch over a stunning pine-filled canyon and beyond. The natural landscape provides both beauty and privacy, creating a peaceful setting just minutes from town. The walk-out lower level features a spacious flex room—perfect for a home office, gym, guest suite, or hobby space—as well as generous additional living space and storage. Whether you choose to move in and enjoy or gradually update over time, the layout offers a solid foundation with exciting potential in a neighborhood where well-designed improvements are highly valued. Homes in this area are rarely available, and this one offers a unique opportunity to create your story in a truly special setting that simply can’t be replicated.
For sale
Price cut: $55K (7/28)
$795,000
4101 Penrose Pl, Rapid City, SD 57702
4beds
3,192sqft
Est.:
Site Built
Built in 1973
3.3 Acres Lot
$755,900 Zestimate®
$249/sqft
$-- HOA
What's special
Private acresPeaceful settingNatural landscapeSpacious flex roomOpen living spacesPanoramic viewsWalk-out lower level
- 47 days
- on Zillow |
- 1,002 |
- 62 |
Zillow last checked: 7 hours ago
Listing updated: July 28, 2025 at 08:53am
Listed by:
Lori L Barnett,
Engel & Voelkers Black Hills Spearfish
Source: Mount Rushmore Area AOR,MLS#: 84985

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 2
- 1/2 bathrooms: 2
Primary bedroom
- Level: Main
- Area: 180
- Dimensions: 12 x 15
Bedroom 2
- Level: Main
- Area: 120
- Dimensions: 10 x 12
Bedroom 3
- Level: Main
- Area: 143
- Dimensions: 11 x 13
Bedroom 4
- Level: Main
- Area: 88
- Dimensions: 8 x 11
Dining room
- Level: Main
Kitchen
- Level: Main
Living room
- Level: Main
Heating
- Electric, Baseboard
Appliances
- Included: Dishwasher, Refrigerator, Gas Range Oven, Washer, Dryer
- Laundry: Main Level
Features
- Vaulted Ceiling(s), Walk-In Closet(s), Ceiling Fan(s), Central Vacuum
- Flooring: Carpet, Wood, Tile
- Windows: Window Coverings
- Basement: Walk-Out Access,Sump Pump
- Number of fireplaces: 2
- Fireplace features: Two, Insert
Interior area
- Total structure area: 3,192
- Total interior livable area: 3,192 sqft
Property
Parking
- Total spaces: 2
- Parking features: Two Car, Garage Door Opener
- Garage spaces: 2
Features
- Patio & porch: Open Deck
- Spa features: Bath
Lot
- Size: 3.3 Acres
- Features: Lawn, Trees
Details
- Parcel number: 3717401005
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Raised Ranch
- Property subtype: Site Built
Materials
- Frame
- Roof: Composition
Condition
- Year built: 1973
Community & HOA
Community
- Subdivision: Carriage Hills
Location
- Region: Rapid City
Financial & listing details
- Price per square foot: $249/sqft
- Tax assessed value: $565,200
- Annual tax amount: $6,867
- Date on market: 6/21/2025
- Road surface type: Paved
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