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

540 S Rainbow Rd
Spearfish, SD 57783

  • 3 Beds

$1,164,200

Trulia Estimate
as of Aug 17, 2026

$1,164,200

Trulia Estimate
as of Aug 17, 2026
3 Beds
(on 40 acres)

Home Value

Trulia Estimate
$1.16M
Since last month
Increased$104K (+9.8%)
Since last year
Decreased$157K (-11.9%)
Since last sale
Increased$64K (+5.8%)
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 +20% in the last 10 years
MonthEstimated value
2026
August 2026$1.16M
July 2026$977K
June 2026$1.06M
May 2026$1.03M
April 2026$1M
March 2026$1.1M
February 2026$1.03M
January 2026$969K
2025
2024
2023

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
215 Aurora Ave, Spearfish, SD
0.92
Single-Family Home
$400,000
08/20/25
3
2
1,460
274 Aquila Ave, Spearfish, SD
0.96
Single-Family Home
$367,000
01/30/26
3
2
1,214
300 Aurora Ave, Spearfish, SD
0.92
Single-Family Home
$274,900
05/15/26
2
1
810
131 Sky Ridge Ave, Spearfish, SD
1.15
Single-Family Home
$399,900
12/12/25
3
2.5
1,724
6124 Orion St, Spearfish, SD
0.97
Single-Family Home
$310,000
12/01/25
2
1
1,182
821 N Rainbow Rd, Spearfish, SD
1.26
Single-Family Home
$675,000
02/24/26
4
2.5
2,000
6172 Orion St, Spearfish, SD
1.02
Single-Family Home
$310,000
03/25/26
2
1
1,139
159 Sky Ridge Ave, Spearfish, SD
1.14
Single-Family Home
$480,000
05/08/26
5
3
2,912
6278 Orion St, Spearfish, SD
1.12
Single-Family Home
$262,800
10/17/25
2
1
825
5020 Lazy Horse Ln, Spearfish, SD
1.68
Single-Family Home
$890,000
06/10/26
4
3.5
3,453

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
515 S Rainbow Rd, Spearfish, SD 57783
0.27
$301,500
3
1
1,170
Off Market
Tbd Colorado Blvd, Spearfish, SD 57783
0.50
$690,000
-
-
-
Recently Sold
S Colorado Blvd, Spearfish, SD 57783
0.50
$1,100,000
-
-
-
For Sale
Tbd Centennial Rd, Spearfish, SD 57783
0.76
$804,000
-
-
-
Recently Sold
6025 E Colorado Blvd, Spearfish, SD 57783
0.80
$1,343,000
-
-
-
Off Market
327 Aurora Ave, Spearfish, SD 57783
0.89
$297,500
3
2
1,099
Off Market
313 Aurora Ave, Spearfish, SD 57783
0.89
$313,400
2
1
1,167
Off Market
299 Aurora Ave, Spearfish, SD 57783
0.89
$363,200
3
2
1,393
Off Market
285 Aurora Ave, Spearfish, SD 57783
0.90
$269,200
2
1
904
Off Market
342 Aurora Ave, Spearfish, SD 57783
0.91
$251,200
2
1
840
Off Market
215 Aurora Ave, Spearfish, SD 57783
0.92
$402,700
3
2
1,460
Off Market
223 Aurora Ave, Spearfish, SD 57783
0.92
$313,700
2
1
1,073
Off Market

Local Information

  • Map ViewExplore the area around 540 S Rainbow Rd.
  • Schools3 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Lot Size
40 acres

About this House

This single-family home is located at 540 S Rainbow Rd, Spearfish, SD. 540 S Rainbow Rd is in Spearfish, SD and in ZIP code 57783. This property has 3 bedrooms. This property has a lot size of 79.68 acres.
540 S Rainbow Rd, Spearfish, SD 57783 is a 3 bedroom single-family home. It last sold for $1,100,000 on Apr 1, 2022. It is currently off market. The Trulia Estimate is $1,164,200, with a rent estimate of $2,016/month.

Home Details for 540 S Rainbow Rd

Property Information

Property Type / Style
Property Type: Single Family Home

Lot Information

Lot Area: 40.00 acres

Price and Tax history

DateEventPrice
Apr 1, 2022
Source: Mount Rushmore Area AOR #69540
Sold
$1,100,000
Jan 5, 2022
Source: RE/MAX International #69540
PendingToActive
$1,100,000
Jan 5, 2022
Source: Mount Rushmore Area AOR #69540
Contingent
$1,100,000
Nov 22, 2021
Source: Mount Rushmore Area AOR #69540
PendingToActive
$2,900,000
Oct 15, 2021
Source: Mount Rushmore Area AOR #69540
Contingent
$2,900,000

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
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  • 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
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  • Christle
    "Spearfish is a great place to live. College/university, great schools, jobs, great for retirees.....ND workers as well!"
    0
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  • Marcy
    "steel siding, nice views of lookout and crow peak. hardly no mowing."
    0
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Explore by feature - Pet Friendly

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Homes for sale near 540 S Rainbow Rd

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Off Market Homes Near 540 S Rainbow Rd

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Frequently asked questions about 540 S Rainbow Rd

  • What is 540 S Rainbow Rd estimated to be worth?
    Trulia's estimated value for 540 S Rainbow Rd in Spearfish, SD is $1,164,200.
  • What is the price history for 540 S Rainbow Rd?
    540 S Rainbow Rd in Spearfish, SD last sold for $1,100,000 in April 2022.
  • 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.
  • How big is the lot at 540 S Rainbow Rd?
    The lot at 540 S Rainbow Rd in Spearfish, SD is about 79.7 acres.