#172346, KEVIN ANDRESON, Listing office: KELLER WILLIAMS REALTY BLACK HILLS - SPEARFISH
Property details
About 865 Valley Dr
Unlock the potential of this prime property, ideally situated in the coveted Black Hills of South Dakota area. Zoned for Medium Density Residential use, the property offers a rare opportunity for multifamily investors seeking to capitalize on the region's thriving market. Its strategic location provides easy access to urban conveniences, while still offering a tranquil residential environment. With the potential to develop multifamily dwellings, this property presents a compelling investment prospect in a sought-after location. Embrace the opportunity to shape the landscape of this vibrant community by leveraging the property's ideal zoning and prime setting in the Black Hills region.
Highlights
Home typeMulti Family
StatusActive
(ACTIVE)
(ACTIVE)
Lot size11.73 Acres
MLS #80525
Summary
- List Price: $1,499,000
- Annual Tax Amount: $16,163
- Tax Year: 2023
- Lot: Interior Lot
- Directions: From I-90 take E North street exit. Head south turn east onto N Valley Dr.
- Lot Size: 11.73 Acres
- MLS Number: 80525
- Office Name: eXp Realty
- Office Phone: (605) 593-2763
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 other brokerage firms are marked with the Broker Reciprocity™ logo and detailed information about them includes the name of the listing brokers. Information Deemed Reliable But Not Guaranteed. 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. Copyright 2025 Mount Rushmore Area Association of REALTORS®., Inc. Multiple Listing Service. 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: 6/17/2025, 12:55:30 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$1,499,000
865 Valley Dr
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
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 | $1,037,600 | $- |
| 2023 | $1,037,600 | $16,163 |
| 2022 | $1,037,600 | $- |
History based on county public records data.
Nearby schools
4
Valley View Elementary School
Public District KG-5
1.6 mi
•4840 Homestead St
4
Rapid Valley Elementary School
Public District KG-5
1.8 mi
•2601 Covington St
3
Robbinsdale Elementary School
Public District KG-5
2.0 mi
•424 E Indiana St
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 $59,737. Residents of Rapid City, SD typically earn between $35k-100k each year. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
25%
<35k
50%
35k-100k
24%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
36%
Single, No Kids
15%
Single, with Kids
27%
Married, No Kids
22%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
18%
<11 yrs old
7%
12-17 yrs old
23%
18-34 yrs old
41%
35-64 yrs old
11%
65+ yrs old
What do the neighbors do for fun?
Extreme Sports
College Football
Figure Skating
Where do the neighbors shop?
Academy Sports & Outdoors
Best Buy
Kmart
Where do the neighbors go to eat?
Little Caesars
Texas Roadhouse
Bob Evans
What do the neighbors drive?
Chevrolet
Ram
Buick
What do the neighbors listen to?
Country
Contemporary Christian
Oldies
All data provided by Home Junction and Claritas
Similar homes for sale
#170424, KELLY MCGREGOR, Listing office: BERKSHIRE HATHAWAY HOMESERVICES MIDWEST REALTY
#81314, Listing office: Keller Williams Realty Black Hills SP
#170423, KELLY MCGREGOR, Listing office: BERKSHIRE HATHAWAY HOMESERVICES MIDWEST REALTY
Frequently asked questions
Living in Rapid City, SD
Rapid City's transport infrastructure includes a network of major roads and highways, such as Interstate 90, facilitating travel and commuting. Public transportation services are available, providing residents with additional options for getting around the city. The area's walkability varies, with downtown Rapid City being more pedestrian-friendly. Ride-sharing services are operational in the city, complementing the existing transport options.
The community benefits from a solid educational system, with a number of public and private schools serving the area, as well as higher education institutions like South Dakota School of Mines & Technology. Healthcare services are robust, with several hospitals and clinics providing comprehensive care. Retail and dining options reflect the local culture, offering a blend of national chains and unique local businesses.
Rapid City is celebrated for its proximity to natural landmarks and a vibrant cultural scene. The community prides itself on outdoor activities available in the nearby Black Hills and annual events that showcase the area's rich history and community spirit, such as the Black Hills Powwow and the Central States Fair.
Rapid City's housing market is diverse, offering a mix of single-family homes, apartments, and townhouses to accommodate various preferences and budgets. The architectural styles in the area range from ranch-style homes to split-levels and contemporary designs. A significant portion of the housing stock was built during the late 20th century, reflecting a period of growth and development in the city.
About 865 Valley Dr
The listing price of 865 Valley Dr property is $1,499,000.
The property 865 Valley Dr is land located in Rapid City, South Dakota, 57701.
Active Listing: 865 Valley Dr is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 865 Valley Dr are: Valley View Elementary School (GreatSchools Rating 4/10), Rapid Valley Elementary School (GreatSchools Rating 4/10), Robbinsdale Elementary School (GreatSchools Rating 3/10), South Middle School (GreatSchools Rating 3/10), North Middle School (GreatSchools Rating 3/10), West Middle School (GreatSchools Rating 5/10), Central High School (GreatSchools Rating 3/10), Stevens High School (GreatSchools Rating 6/10), Douglas High School (GreatSchools Rating 3/10).
According to the records, the last property tax for 2023 is $16,163 (source: MLS/based on county public records data).
The property 865 Valley Dr is 11.73 acres.
This home is located at 865 Valley Dr in Rapid City, SD and zip code 57703. Features: 0 bathroom. It has been listed on Rocket Homes since June 7, 2024 and is currently priced at $1,499,000.
In May 2025, from all listings sold in Rapid City, SD there were more than 12 sold above asking price, over 25 sold below and more than 15 were sold right at the asked price. In May 2025 in Rapid City, SD there were 45.4% more homes for sale than in April.
From Rocket Homes Real Estate and based on county public records data.