This home's estimate is 17% higher than the average sale price ($429K) of 6 comparable homes.
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505 N Rainbow Rd, Spearfish, SD 57783
About this home
This private, country home is just minutes to Spearfish and a hop, skip and a jump to Deadwood. Nestled on 2 acres of shade trees, whispering pines and apple trees, you will appreciate the 2400 sq. ft. home with large 30x41 shop and a detached, oversized 2+ car garage for all your needs. The views will take your breath away! The partially finished basement will not require much to complete and has the potential for two additional bedrooms and a full bath. Roof was replaced in April, 2014 and new vinyl windows were installed in 2010. A new window air conditioning unit was installed in 2012. Buyer is responsible for verifying all information on this MLS document.

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Last updated August 2026
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Sale history for 505 N Rainbow Rd
$92/sq ft
$98/sq ft
Tax history for 505 N Rainbow Rd
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Property details
Parking
- Parking/Garage Information
- Parking Features: Garage Door Opener, Detached
Interior
- Bedroom Information
- Main Level Bedrooms: 2
- Bathroom Information
- # of Full Bathrooms: 1
- # of Half Bathrooms: 1
- # of Main Level Bathrooms: 1
- Heating & Cooling
- Has Heating
- Heating: Electric
- Interior Features
- Window Features: Window Coverings
- Appliances: Dishwasher, Dryer, Electric Range, Electric Oven, Refrigerator, Water Softener
- Flooring: Carpet
- Fireplace Features: Living Room
- Room Information
- Laundry Features: In Basement
- Has Basement
- Basement Details: Full
Exterior
- Exterior Features
- Patio And Porch Features: Deck
- Roof: Composition
- Building Information
- Construction Materials: Block
- Property Features
- Other Structures: Outbuilding
- Property Information
- Property Type: Residential
- Property Sub Type: Single Family Residence
- Raw Mls Property Sub Type: Site Built
- Lot Information
- Lot Size : 2.0 Acres
- Lot Size Acres: 2
Location
- Location Information
- Directions: Located on Rainbow Road off of the Spearfish frontage road to Deadwood. Follow Airport sign home is on your left.
- Subdivision Name: NOT APPLICABLE
Public facts
- Beds: —
- Baths: 3.0
- Sq. Ft.: 1,200
- Stories: —
- Lot Size: 2 acres
- Style: Single Family Residential
- Year Built: 1976
- Year Renovated: —
- County: Lawrence County
- APN: 21400-00603-171-05
Around this home
Schools
Public K • Assigned • 4.2mi
Public 6-8 • Assigned • 4.8mi
Public 9-12 • Assigned • 4.8mi
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
Minimal risk of a flood reaching the building in the next 30 years
4% chance of being in a wildfire in next 30 years
7 days above 90° expected this year, 16 days in 30 years
Minor risk of severe winds over next 30 years
2 unhealthy days expected this year, 3 days in 30 years
Sun exposure
In this area, properties receive around 10.1 hours in June and 4.7 hours in December, placing it above the U.S. average for solar exposure.
Sell confidently with a local market expert in Spearfish. 3 minutes to get started.
Nearby similar homes
New listings for sale in 57783
Home values near 505 N Rainbow Rd
| Address | Redfin Estimate |
|---|---|
5 Beds | 2 Baths | 2945 Sq. Ft. | $648,119 |
3 Beds | 2 Baths | 1632 Sq. Ft. | $400,634 |
| Address | Redfin Estimate |
|---|---|
4 Beds | 2.5 Baths | 2000 Sq. Ft. | $700,776 |
3 Beds | 2 Baths | 1760 Sq. Ft. | $366,624 |
| Address | Redfin Estimate |
|---|---|
4 Beds | 1 Baths | 2016 Sq. Ft. | $379,999 |
3 Beds | 2 Baths | 1824 Sq. Ft. | $381,389 |
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