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821 N Rainbow Rd, Spearfish, SD 57783

$749,000

Last sold 02/24/2026 after 273 Days

4
bed
3
bath
2,000
Sqft ($375/Sqft)

House not for sale

About 821 N Rainbow Rd

Property type House

Neighborhood

Year built 1980

HOA fee $0/month

Lot size 2 Acre

Movoto estimate

Property description

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!

Listed by

Listing Office - RE/MAX In The Hills

Source: Mount Rushmore Area Association of REALTORS®

MLS#84599 • last updated 8 months ago

Movoto checked Mount Rushmore Area Association of REALTORS® for data 5 days ago

Overview
Cooling/AC	Refrig. C/Air
Heating	Propane
Levels/Style	1.5 Story
MLS #	84599
Status	1
Type	Site Built
Lot Size (Acres)	2
Year Built	1980

Interior
# of Full Baths	2
# of Half Baths	1
Total # of Bedrooms	4
Laundry	Main Level
Interior Features	Carpet, Tile Floors, Sump Pump, Garage Door Opener

Exterior
Construction	Frame
Roof	Composition
Exterior Features	Paved Street, Shed, Outbuildings, RV Parking
Patio/Deck	Porch Open, Open Deck

Location
Area	Spearfish

$741K

Range: $662K-$820K

Last 30 days

Lower your payment with the loan terms that fit you.

Nov 2025
MLS # 84599
Nov 5, 2025 Price Change
$749,000 (-5.8%)
Oct 8, 2025 Price Change
$795,000 (-6.5%)
Jul 31, 2025 Price Change
$850,000 (-9.5%)
Jul 7, 2025 Price Change
$939,000 (-5.2%)
Jun 10, 2025 Price Change
$990,000 (-13.9%)
May 27, 2025 Listed
$1,150,000

Year Property taxes Tax assessment
2024
$4,311 +42.9%

$487,590
2023
$3,016 +2.8%

$487,590 +84.69%
2022
$2,935 +2.5%

$264,010
2020
$2,864 -1.3%

$264,010 +8.2%
2019
$2,901 +1.8%

$244,010 +0.52%
2018
$2,851 -0.1%

$242,750
2017
$2,853 +0.4%

$242,750
2016
$2,842 -5.5%

$242,750
2015
$3,008

—

821 N Rainbow Rd
$749K
Spearfish
—
57783
$639K +7% y/y
Spearfish
$639K +5% y/y

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft	mi
913 N Rainbow Rd, Spearfish, SD 57783	$709,700	5/2	1,833	0.05
5325 Airport Rd, Spearfish, SD 57783	$369,600	—/—	1,248	0.09
719 N Rainbow Rd, Spearfish, SD 57783	$438,000	—/—	1,056	0.1
5315 Airport Rd, Spearfish, SD 57783	$362,700	—/—	1,272	0.11
5235 Airport Rd, Spearfish, SD 57783	$447,600	—/—	1,150	0.15
709 N Rainbow Rd, Spearfish, SD 57783	$470,800	—/—	1,380	0.15
1032 N Rainbow Rd, Spearfish, SD 57783	$592,600	—/—	1,216	0.19
5240 Airport Rd, Spearfish, SD 57783	$787,800	—/—	2,000	0.19

Estimated values are based on public record data and automated valuation models. Values are not guaranteed and may not reflect current market conditions.