Property details
About 5626 Rainbow Dr
2.34-Acre Lot with Stunning Lake & Mountain Views. Perched at the highest point of the desirable Settlers’ Cove neighborhood, this 2.34 acre lot offers breathtaking lake and mountain views in a peaceful, private setting. Located on the east side of Hauser Lake. This ready-to-build lot is already equipped with a well, septic system, and electricity, making it the perfect foundation for your dream home. With quick access to Highway 15, you’ll enjoy both seclusion and convenience—offering the best of Montana living. Don’t miss this rare opportunity to own a prime piece pf land in Settlers’ Cove!
Highlights
Summary
- Waterfront: Lake Front
- List Price: $450,000
- Annual Tax Amount: $1,571
- Tax Year: 2024
- Directions: Turn off Hauser Dam Rd/Lake Helena Dr onto Pelican Rd, then left on Rainbow Dr, drive to lot is up the road 1 mile on the left. Up the hill next to the further house on the left side of Rainbow Dr. To the left of the lot with shop an trailer on it.
- Lot Size: 2.34 Acres
- MLS Number: 30039671
- MLS Name: MTR
- Office Name: Engel & Völkers Western Frontier - Helena
- Office Phone: (406) 422-1113
- Office Email: westernfrontier@evrealestate.com
- Listing Agent: Molly Holahan, Shae Counts
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (IDX) program of the Montana Regional Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright© 2025 Montana Regional Multiple Listing Service, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/22/2025, 12:45:31 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $196,184 | $1,571 |
| 2023 | $196,184 | $1,790 |
| 2022 | $120,246 | $1,340 |
| 2021 | $120,246 | $1,321 |
| 2020 | $101,910 | $1,186 |
| 2019 | $101,910 | $965 |
| 2018 | $54,886 | $752 |
| 2017 | $54,886 | $457 |
History based on county public records data.
Nearby schools
6
Warren School
Public District PK-5
5.7 mi
•2690 Old York Rd
5
Jim Darcy School
Public District PK-5
5.9 mi
•990 Lincoln Rd W
5
Rossiter School
Public District PK-5
6.4 mi
•1497 Sierra Rd E
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $68,298. Most Helena, MT residents have annual incomes between $35k-100k. Residents typically live in married, no kids family. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Hunting
NASCAR
Figure Skating
Where do the neighbors shop?
Dillards
Dick's Sporting Goods
Wal-Mart
Where do the neighbors go to eat?
Cracker Barrel
Texas Roadhouse
Hardee's
What do the neighbors drive?
Cadillac
Subaru
Ram
What do the neighbors listen to?
News/Talk/Information
New Country
Classic Country
Frequently asked questions
Living in Helena, MT
Helena's transportation infrastructure supports both private and public transit options, with a focus on convenience for its residents. The city's public transportation system operates on a set schedule, providing reliable service to key areas within the community. Helena is also accommodating to pedestrians and cyclists, with a number of trails and designated bike lanes that encourage eco-friendly travel. The road network includes well-maintained highways that connect Helena to other major cities in Montana, facilitating easy travel for commuters and visitors. Recent efforts have been made to enhance the efficiency and accessibility of the city's transportation systems.
The community is served by a robust educational system, including a number of public and private schools that cater to a range of educational needs. Helena also boasts comprehensive healthcare services with facilities that offer urgent care, primary care, and specialized medical treatments. The city's public library system provides residents with access to a wealth of knowledge and resources. Retail and dining options are plentiful, with an emphasis on local businesses that reflect the unique flavor of the region. City initiatives are in place to continually improve these services, adapting to the evolving needs of the community.
Helena is celebrated for its blend of small-town charm and vibrant cultural scene. The community prides itself on its historical significance as Montana's capital city and the rich mining history that shaped its early days. Residents and visitors alike enjoy the array of outdoor activities available, from hiking and biking on the extensive trail systems to fishing in the nearby Missouri River. The city's character is further enhanced by its local festivals, art galleries, and the presence of the iconic Cathedral of Saint Helena.
Helena's housing market offers a diverse array of options, with single-family homes being a significant presence. Architectural styles in the area range from Victorian-era classics to contemporary designs, reflecting the city's rich history and modern growth. The market is balanced with a mix of older homes dating back to the late 19th century, alongside newer constructions that cater to modern tastes. While the majority of residents are homeowners, there is also a substantial portion of the population that prefers renting, providing a healthy balance for various lifestyle preferences.
About 5626 Rainbow Dr
The listing price of 5626 Rainbow Dr property is $450,000.
The property 5626 Rainbow Dr is land located in Helena, Montana, 59602.
Active Listing: 5626 Rainbow Dr is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 5626 Rainbow Dr are: Warren School (GreatSchools Rating 6/10), Jim Darcy School (GreatSchools Rating 5/10), Rossiter School (GreatSchools Rating 5/10), East Valley Middle School (GreatSchools Rating 5/10), Helena Middle School (GreatSchools Rating 5/10), C R Anderson Middle School (GreatSchools Rating 6/10), Capital High School (GreatSchools Rating 7/10), Helena High School (GreatSchools Rating 9/10).
According to the records, the last property tax for 2024 is $1,571 (source: MLS/based on county public records data).
The property 5626 Rainbow Dr is 2.34 acres.
This home is located at 5626 Rainbow Dr in Helena, MT and zip code 59602. Features: 0 bathroom. It has been listed on Rocket Homes since February 3, 2025 and is currently priced at $450,000.
In June 2025, from all listings sold in Helena, MT there were more than 17 sold above asking price, over 31 sold below and more than 14 were sold right at the asked price. The number of listings in Helena, MT increased by 15.2% between May and June 2025. While the average time on the market in June 2025 was 65 days, the median list price was $461,000.