$385,000
5626 Rainbow Dr, Helena, MT 59602
Est. Mortgage $2,402/mo*
Get Pre-QualifiedHome Highlights
Lot/Land
2.34 acre lot
Local Information
- Map ViewExplore the area around 5626 Rainbow Dr.
- Schools1 Preschool School1 Elementary School1 Middle School1 High School
- Shop & Eat
-- mins to
About this House
Discover the perfect opportunity to build your dream home or investment property on this 2.34-acre Hauser Lake property in the sought-after Settlers' Cove neighborhood, just minutes from Helena, Montana. Located across the street from Hauser Lake, this buildable lot offers stunning lake and mountain views, existing utilities, and an unbeatable location for enjoying Montana's outdoor lifestyle.
Positioned near the public boat launch, you'll have convenient access to boating, fishing, kayaking, paddleboarding, and year-round recreation on one of the Helena area's favorite lakes. Known for excellent fishing and a welcoming neighborhood atmosphere, Settlers' Cove is the ideal place to enjoy lake living while remaining close to city conveniences.
This Montana lake lot is ready for your vision with a private well, septic system, and electricity already installed—saving significant time and development costs. Perched at one of the highest points in the neighborhood, the property offers exceptional views, privacy, and ample space for a custom home, shop, or outdoor living areas.
With quick access to I-15 and just a short drive to Helena, this property combines the tranquility of Hauser Lake living with everyday convenience.
Positioned near the public boat launch, you'll have convenient access to boating, fishing, kayaking, paddleboarding, and year-round recreation on one of the Helena area's favorite lakes. Known for excellent fishing and a welcoming neighborhood atmosphere, Settlers' Cove is the ideal place to enjoy lake living while remaining close to city conveniences.
This Montana lake lot is ready for your vision with a private well, septic system, and electricity already installed—saving significant time and development costs. Perched at one of the highest points in the neighborhood, the property offers exceptional views, privacy, and ample space for a custom home, shop, or outdoor living areas.
With quick access to I-15 and just a short drive to Helena, this property combines the tranquility of Hauser Lake living with everyday convenience.
Last check for updates: about 21 hours ago
Listing courtesy of Molly Holahan, (406) 431-8895
Engel & Völkers Western Frontier - Helena
Source: MRMLS, MLS#30039671
Also Listed on Engel & Volkers, MRMLS.
Home Details for 5626 Rainbow Dr
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MLS Status: Active |
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Parking & Garage No CarportNo Garage |
Frontage Road Surface Type: AsphaltNot on Waterfront |
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Days on Market: 180+ |
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Property Type / Style Property Type: LandProperty Subtype: Unimproved Land |
Property Information Parcel Number: 05199618401420000 |
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Price List Price: $385,000 |
Status Change & Dates Possession Timing: Close Of Escrow |
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Direction & Address City: Helena |
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Listing Agent Listing ID: 30039671 |
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Not Senior Community |
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No HOA |
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Lot Area: 2.34 Acres |
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Special Conditions: Standard |
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Listing Agreement Type: Exclusive Right To SellListing Terms: Cash, Conventional |
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Mls Number: 30039671Living Area Range Units: Square Feet |
Around this home
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Helena Valley Northeast
At least 6 Trulia users voted on each feature.
100 % Say there's holiday spirit
100 % Say it's dog friendly
100 % Say yards are well-kept
90 % Say car is needed
75 % Say it's quiet
67 % Say kids play outside
67 % Say parking is easy
63 % Say they plan to stay for at least 5 years
63 % Say people would walk alone at night
53 % Say neighbors are friendly
38 % Say streets are well-lit
38 % Say there's wildlife
36 % Say there are community events
22 % Say it's walkable to grocery stores
11 % Say it's walkable to restaurants
Sourced by Trulia users. Learn more about our methodology.
Market trends in Helena
Last updated August 2026
Avg. sale price
$508K
$3.48KMoM
Sale-to-List Price
—
Price per sq ft
$259
$3MoM
Available listings
307
6MoM
Home Value
Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.
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 |
|---|---|---|---|---|---|---|---|
1.86 | Lot/Land | - | 01/23/26 | - | - | ||
2.60 | Lot/Land | - | 08/31/26 | - | - | ||
2.82 | Lot/Land | - | 12/17/25 | - | - | ||
2.84 | Lot/Land | - | 06/01/26 | - | - | ||
2.80 | Lot/Land | - | 10/31/25 | - | - | ||
2.91 | Lot/Land | - | 04/22/26 | - | - | ||
3.47 | Lot/Land | - | 04/24/26 | - | - | ||
4.06 | Lot/Land | - | 04/10/26 | - | - | ||
5.10 | Lot/Land | - | 07/07/26 | - | - | ||
4.90 | Lot/Land | - | 03/12/26 | - | - |
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 |
|---|---|---|---|---|---|---|
0.04 | $1,421,900 | 4 | 3 | 3,312 | Off Market | |
0.21 | $833,500 | 4 | 3.5 | 3,256 | Off Market | |
0.27 | $868,900 | 3 | 2.5 | 4,138 | Off Market | |
0.29 | - | 5 | 3 | 3,307 | Recently Sold | |
0.39 | - | - | - | - | Off Market | |
0.40 | $538,900 | 3 | 2 | 1,236 | Off Market | |
0.52 | - | - | - | - | Off Market | |
0.57 | $1,588,900 | 6 | 3.5 | 4,230 | Off Market | |
0.72 | $1,168,200 | 5 | 3 | 5,132 | Off Market | |
0.78 | $864,000 | 3 | 3 | 2,104 | Off Market | |
0.83 | - | 4 | 2.5 | 2,842 | Recently Sold |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Oct 8, 2025 Source: MRMLS #30039671 | PriceChange | $385,000 Price decreased by 14% |
Feb 3, 2025 Source: MRMLS #30039671 | Listed For Sale | $450,000 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2025 | $1,062 | $216,014 |
Home facts updated by county records
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Molly Holahan, Engel & Völkers Western Frontier - Helena
Agent Phone: (406) 431-8895
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
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Frequently asked questions about 5626 Rainbow Dr
- How big is 5626 Rainbow Dr?5626 Rainbow Dr in Helena, MT is about 2.3 acres.
- What is the price per acre for 5626 Rainbow Dr?5626 Rainbow Dr in Helena, MT is listed at $385,000, or about $165K per acre.
- What do residents say about the Helena Valley Northeast neighborhood?Residents describe the Helena Valley Northeast neighborhood in Helena, MT as dog-friendly, well-kept, and quiet. Most residents say you need a car. See homes for sale in Helena Valley Northeast, Helena.
- What are the closest schools to 5626 Rainbow Dr?The closest schools to 5626 Rainbow Dr in Helena, MT are C R Anderson Middle School (rated 7/10), Capital High School (rated 7/10), Jim Darcy School (Pre-K/Elementary, rated 6/10).
5626 Rainbow Dr, Helena, MT 59602 is a lot/land. 5626 Rainbow Dr is located in Helena Valley Northeast, Helena. This property is currently available for sale and was listed by MRMLS on Feb 3, 2025. The MLS # for this home is MLS# 30039671.