515 S Rainbow Rd, Spearfish, SD 57783
Property image
Property image
OFF MARKET

515 S Rainbow Rd
Spearfish, SD 57783

  • 3 Beds
  • 1 Bath
  • 1,170 sqft (on 1 acre)

$301,500

Trulia Estimate
as of Aug 17, 2026

$301,500

Trulia Estimate
as of Aug 17, 2026
3 Beds
1 Bath
1,170 sqft
(on 1 acre)

Home Value

Trulia Estimate
$302K
Since last month
Decreased$2K (-0.5%)
Since last year
Decreased$1M (-80.3%)
Since last sale
Increased$2K (+0.5%)
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 +56% in the last 10 years
MonthEstimated value
2026
August 2026$302K
July 2026$303K
June 2026$303K
May 2026$303K
April 2026$305K
March 2026$303K
February 2026$302K
January 2026$303K
2025
2024
2023
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
1206 Mac Ln, Spearfish, SD
1.40
Single-Family Home
$320,000
12/01/25
3
1
1,380
6124 Orion St, Spearfish, SD
1.09
Single-Family Home
$310,000
12/01/25
2
1
1,182
6172 Orion St, Spearfish, SD
1.14
Single-Family Home
$310,000
03/25/26
2
1
1,139
300 Aurora Ave, Spearfish, SD
1.05
Single-Family Home
$274,900
05/15/26
2
1
810
215 Aurora Ave, Spearfish, SD
1.03
Single-Family Home
$400,000
08/20/25
3
2
1,460
6278 Orion St, Spearfish, SD
1.24
Single-Family Home
$262,800
10/17/25
2
1
825
274 Aquila Ave, Spearfish, SD
1.09
Single-Family Home
$367,000
01/30/26
3
2
1,214
821 N Rainbow Rd, Spearfish, SD
1.02
Single-Family Home
$675,000
02/24/26
4
2.5
2,000
131 Sky Ridge Ave, Spearfish, SD
1.25
Single-Family Home
$399,900
12/12/25
3
2.5
1,724
1209 Cole Ln, Spearfish, SD
1.37
Single-Family Home
$540,000
03/24/26
5
2.5
2,240

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
S Colorado Blvd, Spearfish, SD 57783
0.28
$1,100,000
-
-
-
For Sale
Tbd Colorado Blvd, Spearfish, SD 57783
0.68
$690,000
-
-
-
Recently Sold
6025 E Colorado Blvd, Spearfish, SD 57783
0.89
$1,343,000
-
-
-
Off Market
13 Brooks Loop, Spearfish, SD 57783
0.95
-
-
-
-
Off Market
Tbd Centennial Rd, Spearfish, SD 57783
1.00
$804,000
-
-
-
Recently Sold
215 Aurora Ave, Spearfish, SD 57783
1.03
$402,700
3
2
1,460
Off Market
299 Aurora Ave, Spearfish, SD 57783
1.03
$363,200
3
2
1,393
Off Market
285 Aurora Ave, Spearfish, SD 57783
1.03
$269,200
2
1
904
Off Market
313 Aurora Ave, Spearfish, SD 57783
1.03
$313,400
2
1
1,167
Off Market
223 Aurora Ave, Spearfish, SD 57783
1.03
$313,700
2
1
1,073
Off Market
327 Aurora Ave, Spearfish, SD 57783
1.03
$297,500
3
2
1,099
Off Market

Local Information

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

Home Highlights

Property Type
Single-Family Home
Year Built
1920
Lot Size
1 acre
Living Area
1,170 sqft
Price/Sqft
$258

About this House

This single-family home is located at 515 S Rainbow Rd, Spearfish, SD. 515 S Rainbow Rd is in Spearfish, SD and in ZIP code 57783. This property has 3 bedrooms, 1 bathroom and approximately 1,170 sqft of floor space. This property has a lot size of 1 acre and was built in 1920.
515 S Rainbow Rd, Spearfish, SD 57783 is a 3 bedroom, 1 bathroom, 1,170 sqft single-family home built in 1920. It last sold for the $300,000 asking price on Aug 6, 2025. It is currently off market. The Trulia Estimate is $301,500, with a rent estimate of $1,711/month.

Home Details for 515 S Rainbow Rd

Interior Features

Interior Details
Basement: Crawl Space
Beds & Baths
Number of Bedrooms: 3Number of Bathrooms: 1Number of Bathrooms (full): 1
Dimensions and Layout
Living Area: 1170 Square Feet
Appliances & Utilities
Laundry: Main Level
Heating & Cooling
Heating: Natural Gas,Forced AirHas CoolingAir Conditioning: Window Evap.Has HeatingHeating Fuel: Natural Gas
Fireplace & Spa
No Fireplace
Windows, Doors, Floors & Walls
Window: Single HungFlooring: Carpet, Laminate
Levels, Entrance, & Accessibility
Stories: 2Levels: TwoFloors: Carpet, Laminate

Exterior Features

Exterior Home Features
Roof: CompositionPatio / Porch: Open DeckOther Structures: Shed(s), Outbuilding
Parking & Garage
Parking: No Garage
Frontage
Road Surface Type: Paved, Unimproved

Property Information

Year Built
Year Built: 1920
Property Type / Style
Property Type: ResidentialProperty Subtype: Site Built
Building
Construction Materials: Frame

Price & Status

Price
List Price: $300,000
Status Change & Dates
Possession Timing: Negotiable

Active Status

MLS Status: SOLD-BEFORE PROCESS MLS

Location

Direction & Address
City: SpearfishCommunity: Wyatt Way
School Information
Elementary School District: SpearfishJr High / Middle School District: SpearfishHigh School District: Spearfish

Building

Building Area
Building Area: 1170 Square Feet

Lot Information

Lot Area: 1 Acres

Offer

Listing Terms: Cash, New Loan

Miscellaneous

Mls Number: 85605
Last check for updates: about 12 hours ago
Listed by Casey Raftevold
Great Peaks Realty
Bought with: Casey Raftevold, Great Peaks Realty
Source: Mount Rushmore Area AOR, MLS#85605

Price and Tax history

DateEventPrice
Aug 6, 2025
Source: Mount Rushmore Area AOR #85605
Sold
$300,000
Feb 4, 2025
Source: Mount Rushmore Area AOR #83023
Listed For Sale
$2,800,000
Jun 24, 2022
Source: Mount Rushmore Area AOR #70701
Sold
$1,400,000
Jun 7, 2022
Source: Mount Rushmore Area AOR #70701
Contingent
$1,600,000
Feb 8, 2022
Source: Mount Rushmore Area AOR #70701
PriceChange
$1,600,000
Price decreased by 11%

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 S Rainbow Rd

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Off Market Homes Near 515 S Rainbow Rd

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Frequently asked questions about 515 S Rainbow Rd

  • What is 515 S Rainbow Rd estimated to be worth?
    Trulia's estimated value for 515 S Rainbow Rd in Spearfish, SD is $301,500.
  • What is the price history for 515 S Rainbow Rd?
    515 S Rainbow Rd in Spearfish, SD last sold for $300,000 in August 2025.
  • 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.
  • Does 515 S Rainbow Rd have air conditioning?
    Yes, 515 S Rainbow Rd in Spearfish, SD has air conditioning.
  • Does 515 S Rainbow Rd have laundry facilities?
    Yes, 515 S Rainbow Rd in Spearfish, SD has laundry facilities.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Mount Rushmore Area Association of REALTORS® Multiple Listing Service. Real estate listings held by brokerage firms other than Zillow Inc. are marked with the Broker Reciprocity™ logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
The broker(s) providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.
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