515 N Rainbow Rd, Spearfish, SD 57783
OFF MARKET

515 N Rainbow Rd
Spearfish, SD 57783

  • 3 Beds
  • 3 Baths
  • 2,702 sqft (on 2 acres)

$817,500

Trulia Estimate
as of Aug 17, 2026

$817,500

Trulia Estimate
as of Aug 17, 2026
3 Beds
3 Baths
2,702 sqft
(on 2 acres)

Home Value

Trulia Estimate
$818K
Since last month
Decreased$4K (-0.5%)
Since last year
Increased$25K (+3.1%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +106% in the last 10 years
MonthEstimated value
2026
August 2026$816K
July 2026$820K
June 2026$821K
May 2026$812K
April 2026$809K
March 2026$803K
February 2026$798K
January 2026$782K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
821 N Rainbow Rd, Spearfish, SD
0.31
Single-Family Home
$675,000
02/24/26
4
2.5
2,000
1209 Cole Ln, Spearfish, SD
0.71
Single-Family Home
$540,000
03/24/26
5
2.5
2,240
1206 Mac Ln, Spearfish, SD
0.75
Single-Family Home
$320,000
12/01/25
3
1
1,380
131 Sky Ridge Ave, Spearfish, SD
1.39
Single-Family Home
$399,900
12/12/25
3
2.5
1,724
215 Aurora Ave, Spearfish, SD
1.24
Single-Family Home
$400,000
08/20/25
3
2
1,460
7718 Brooks Loop, Spearfish, SD
1.60
Single-Family Home
$850,000
12/30/25
3
2.5
2,856
159 Sky Ridge Ave, Spearfish, SD
1.40
Single-Family Home
$480,000
05/08/26
5
3
2,912
7668 Coley Rd, Spearfish, SD
1.56
Single-Family Home
$775,000
01/08/26
6
3
3,324
274 Aquila Ave, Spearfish, SD
1.34
Single-Family Home
$367,000
01/30/26
3
2
1,214
7935 Brooks Loop, Spearfish, SD
1.63
Single-Family Home
$725,000
01/30/26
4
2
1,916

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
821 N Rainbow Rd, Spearfish, SD 57783
0.31
$675,000
4
2.5
2,000
Recently Sold
5137 Dawn Dr, Spearfish, SD 57783
0.45
$358,800
3
2
1,824
Off Market
5310 Airport Rd, Spearfish, SD 57783
0.49
$2,699,000
6
5.5
5,896
For Sale
5170 Airport Rd, Spearfish, SD 57783
0.52
$1,100,000
5
3.5
3,556
For Sale
5119 Airport Rd, Spearfish, SD 57783
0.54
$424,800
4
3
1,920
Off Market
5109 Twilight Dr, Spearfish, SD 57783
0.54
$456,700
4
2
1,788
Off Market
5130 Airport Rd, Spearfish, SD 57783
0.58
$545,700
3
1
2,908
Off Market
1209 Cole Ln, Spearfish, SD 57783
0.71
$540,000
5
2.5
2,240
Recently Sold
13 Brooks Loop, Spearfish, SD 57783
0.75
-
-
-
-
Off Market
1206 Mac Ln, Spearfish, SD 57783
0.75
$320,000
3
1
1,380
Recently Sold
515 S Rainbow Rd, Spearfish, SD 57783
0.71
$301,500
3
1
1,170
Off Market
1207 Mac Ln, Spearfish, SD 57783
0.76
$355,600
2
1
1,300
Off Market

Local Information

  • Map ViewExplore the area around 515 N Rainbow Rd.
  • Schools3 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1993
Lot Size
2 acres
Living Area
2,702 sqft
Price/Sqft
$303

About this House

Open views surround this 2 acre property, where you will find a log home, guest house, and 2 car garage. A paved drive leads to the home. Step inside, and be delighted by the wood accents and exposed beams that soar above the main level. The open design on the living room, dining room, and kitchen allow family and friends to gather comfortably. A gas fireplace serves as the focal point for the living room, with built in TV & speakers being included with the purchase. From the dining room, you can step out the garden doors to the covered patio. Preparing a delicious meal will be a pleasure in the kitchen with granite countertops and tiled flooring. Buyer responsible for verifying all information on this MLS document. Measurements are approximate and square footage is taken from the court house.
515 N Rainbow Rd, Spearfish, SD 57783 is a 3 bedroom, 3 bathroom, 2,702 sqft single-family home built in 1993. It is currently off market. The Trulia Estimate is $817,500, with a rent estimate of $3,498/month.

Home Details for 515 N Rainbow Rd

Property Information

Year Built
Year Built: 1993
Property Type / Style
Property Type: Single Family Home

Lot Information

Lot Area: 2.00 acres

Price and Tax history

DateEventPrice
Jun 18, 2013
Source: Agent Provided
ListingRemoved
$362,500
Apr 13, 2013
Source: Agent Provided
PriceChange
$362,500
Price decreased by 3%
Feb 27, 2013
Source: Agent Provided
Listed For Sale
$374,500
Dec 2, 2012
Source: Agent Provided
ListingRemoved
$385,000
Nov 15, 2012
Source: Agent Provided
Listed For Sale
$385,000

Market trends in Spearfish

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
95
2MoM
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Around this home

View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Spearfish

At least 52 Trulia users voted on each feature.

  • 89 % Say parking is easy

  • 81 % Say there's wildlife

  • 81 % Say it's dog friendly

  • 80 % Say yards are well-kept

  • 79 % Say car is needed

  • 78 % Say there are sidewalks

  • 72 % Say there's holiday spirit

  • 72 % Say kids play outside

  • 69 % Say people would walk alone at night

  • 64 % Say it's quiet

  • 60 % Say streets are well-lit

  • 59 % Say neighbors are friendly

  • 58 % Say it's walkable to restaurants

  • 45 % Say they plan to stay for at least 5 years

  • 40 % Say it's walkable to grocery stores

  • 33 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Chadjagow
    "Great community and parks! Walk to everything from our neighborhood and every season has something going on. "
    0
    Flag
  • Brittney M.
    "People are always walking their dogs. But it is difficult to find a place to live with dogs. However, most community members love dogs and you can see people asking dog owners if they can pet them all the time. "
    5
    Flag
  • Brittney M.
    "This is a dog friendly neighborhood for small dogs but not at all for big dogs. Okay thank you "
    6
    Flag
  • Ariannhernandez
    "Is pretty, very safe that you can walk alone during the night. Friendly neighbors. But there is 0 public transportation. "
    1
    Flag
  • Cat
    "Lots of dogs for them to be around. Pretty Nice neighborhood. It’s definitely getting busier around this area"
    3
    Flag
  • Delana R.
    "Live in the area, clean, quiet, beautiful, friendly! Has it all! Growing a little too fast! Was the Best kept Secret now Best! "
    1
    Flag
  • Ibrenner
    "There are too many to name. However, Downtown Friday Nights in the summer are fun for all ages. There is a Fall Festival and a great Holiday Light Parade in December. Spearfish is a great place to live because of the beauty, friendly people, and lots of things to do."
    2
    Flag
  • RDM
    "this is an active mountian biking, fishing and musical community... now with 3 breweries! Always something going on for kids as well. "
    3
    Flag
  • Ladiajakubec
    "No public transportation or taxis but easy with low traffic at all times. also possible to ge arrondiert on a bike."
    2
    Flag
  • Ned H.
    "A mix of families and retirees. Close to park and open spaces. Good views of Crow Peak and Lookout Mountain. "
    0
    Flag
  • Aron R.
    "Good place to live and vacation ".............go visit this place it is a great place to worship. You can live here in extension of your current life "
    0
    Flag
  • Christle
    "Spearfish is a great place to live. College/university, great schools, jobs, great for retirees.....ND workers as well!"
    0
    Flag
  • Marcy
    "steel siding, nice views of lookout and crow peak. hardly no mowing."
    0
    Flag

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Homes for sale near 515 N Rainbow Rd

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Off Market Homes Near 515 N Rainbow Rd

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Frequently asked questions about 515 N Rainbow Rd

  • What is 515 N Rainbow Rd estimated to be worth?
    Trulia's estimated value for 515 N Rainbow Rd in Spearfish, SD is $817,500.
  • Is Spearfish a buyer's or seller's market?
    Spearfish is currently a buyer's market, based on recent for-sale activity.
  • What do residents say about Spearfish?
    Residents describe Spearfish, SD as easy to park in, dog-friendly, and well-kept. Most residents say you need a car. See recently sold homes in Spearfish, SD.
  • What are the closest schools to 515 N Rainbow Rd?
    The closest schools to 515 N Rainbow Rd in Spearfish, SD are Creekside Elementary - 07 (rated 8/10), Mountain View Elementary - 08, Spearfish High School - 01 (rated 5/10).
  • How big is the lot at 515 N Rainbow Rd?
    The lot at 515 N Rainbow Rd in Spearfish, SD is about 2 acres.