Welcome to your peaceful retreat! This four bedroom, three bath home is nestled on two beautifully maintained acres right outside of Spearfish. You will find three bedrooms on the main floor and a lofted bedroom and half bath on the upper level. Step outside and enjoy the wide open yard, mature trees, and plenty of room for gardening, entertaining or just soaking in the quiet of country living. The large basement is just waiting to be transformed into the perfect space for you. The true standout is the impressive 60x60 Morton Building! Built in 2014, this space would be ideal for hobbies, storage, or business use! This one of a kind shop features overhead heating, floor drains, commercial grade garage doors, 16 feet side walls, 200 amp panel, large multi function office with full bathroom and a loft that could be used for just about anything! . This property combines rural tranquility with easy access to amenities. If your dreaming of a mini farm, home business or just extra space to breath, this one has it all!
Under contract
Price cut: $46K (11/5)
$749,000
821 N Rainbow Rd, Spearfish, SD 57783
4beds
2,000sqft
Est.:
Site Built
Built in 1980
2 Acres Lot
$712,800 Zestimate®
$375/sqft
$-- HOA
What's special
Mature treesBeautifully maintained acresWide open yard
- 242 days |
- 80 |
- 2 |
Zillow last checked: 8 hours ago
Listing updated: December 20, 2025 at 10:51am
Listed by:
Tashi Braun,
RE/MAX In The Hills
Source: Mount Rushmore Area AOR,MLS#: 84599
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 3
Primary bedroom
- Level: Main
- Area: 168
- Dimensions: 12 x 14
Bedroom 2
- Level: Main
- Area: 132
- Dimensions: 11 x 12
Bedroom 3
- Level: Main
- Area: 121
- Dimensions: 11 x 11
Bedroom 4
- Description: Loft
- Level: Upper
- Area: 408
- Dimensions: 12 x 34
Dining room
- Level: Main
- Area: 80
- Dimensions: 8 x 10
Family room
- Description: 12x14
Kitchen
- Level: Main
- Dimensions: 12 x 18
Heating
- Propane
Cooling
- Refrig. C/Air
Appliances
- Included: Dishwasher, Disposal, Refrigerator, Electric Range Oven, Microwave, Washer, Dryer
- Laundry: Main Level
Features
- Flooring: Carpet, Tile
- Basement: Full,Unfinished,Sump Pump
- Number of fireplaces: 1
Interior area
- Total structure area: 2,000
- Total interior livable area: 2,000 sqft
Property
Parking
- Total spaces: 4
- Parking features: Four or More Car, Attached, Detached, RV Access/Parking, Garage Door Opener
- Attached garage spaces: 4
Features
- Levels: One and One Half
- Stories: 1
- Patio & porch: Porch Open, Open Deck
- Fencing: Garden Area
Lot
- Size: 2 Acres
- Features: Lawn, Rock, Trees
Details
- Additional structures: Shed(s), Outbuilding
- Parcel number: 214000060317140
- Horses can be raised: Yes
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Site Built
Materials
- Frame
- Roof: Composition
Condition
- Year built: 1980
Community & HOA
Community
- Security: Smoke Detector(s)
Location
- Region: Spearfish
Financial & listing details
- Price per square foot: $375/sqft
- Tax assessed value: $487,590
- Annual tax amount: $4,171
- Date on market: 5/27/2025
- Listing terms: Cash,New Loan
- Has irrigation water rights: Yes
- Road surface type: Paved
Estimated market value
$712,800
$677,000 - $748,000
$2,983/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/20/2025 | Contingent | $749,000$375/sqft |
Source:  Mount Rushmore Area AOR #84599 Report a problem | ||
| 11/5/2025 | Price change | $749,000-5.8%$375/sqft |
Source: Mount Rushmore Area AOR #84599 Report a problem | ||
| 10/8/2025 | Price change | $795,000-6.5%$398/sqft |
Source: Mount Rushmore Area AOR #84599 Report a problem | ||
| 7/31/2025 | Price change | $850,000-9.5%$425/sqft |
Source: Mount Rushmore Area AOR #84599 Report a problem | ||
| 7/7/2025 | Price change | $939,000-5.2%$470/sqft |
Source: Mount Rushmore Area AOR #84599 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,171 +38.3% | $487,590 +9.8% |
| 2024 | $3,016 +2.8% | $444,180 +50.1% |
| 2023 | $2,935 +1.1% | $296,010 +12.1% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$4,422/mo
Principal & interest
$3623
Property taxes
$537
Home insurance
$262
Climate risks
Neighborhood: 57783
Nearby schools
GreatSchools rating
- NAMountain View Elementary - 08Grades: KDistance: 4.1 mi
- 6/10Spearfish Middle School - 05Grades: 6-8Distance: 4.7 mi
- 5/10Spearfish High School - 01Grades: 9-12Distance: 4.7 mi
