Buildable Waterfront Lake
For Sale
$385,000
5626 Rainbow Drive, Helena, MT 59602
LAND - Helena, MT
Property SizeContact for details
Lot Size2.34 Acres
Days on Market553
Property Features for 5626 Rainbow Drive
General Information
Property type
Land
Property subtype
Other
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.
Standard status
Active
APN
05199618401420000
Lot size
2.34 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
S18, T11 N, R02 W, C.O.S. 3214901, ACRES 2.34, TRACT B1-A1, IN NW4SE4
Tax Annual Amount
1783
Legal Description
S18, T11 N, R02 W, C.O.S. 3214901, ACRES 2.34, TRACT B1-A1, IN NW4SE4
Listing Agency:
Engel & Volkers Western Frontier - Helena · Engel & Völkers
(406) 422-1113
Listed By:
Molly Holahan · License #RRE-BRO-LIC-99517
(406) 431-8895
Added: Feb 3, 2025
Changed: Aug 10
Last Checked: Aug 10 at 11:06AM
MLS# 30039671
Copyright © 2026 Montana Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This buildable waterfront lake lot totals 2.34 acres in the Settlers' Cove neighborhood. The property is located across the street from Hauser Lake and is described as sitting at one of the highest points in the neighborhood, offering lake and mountain views. Existing utilities are noted, including a private well, a septic system, and electricity already installed, which can reduce upfront development work. The site includes ample space for a custom home and related outdoor living areas, and it is positioned to support both full-time residence and recreational use.
Conveniently, the lot is near a public boat launch, providing practical access for boating, fishing, kayaking, and paddleboarding. The property is also described as having quick access to I-15 and being just a short drive to Helena, balancing lake living with proximity to city conveniences.
For buyers planning to build, this land offering centers on readiness and livability: utilities are already installed and the site is positioned for views while offering privacy and space. It may also appeal to investors seeking a lake-oriented building lot in a neighborhood setting with established recreation access nearby.
Conveniently, the lot is near a public boat launch, providing practical access for boating, fishing, kayaking, and paddleboarding. The property is also described as having quick access to I-15 and being just a short drive to Helena, balancing lake living with proximity to city conveniences.
For buyers planning to build, this land offering centers on readiness and livability: utilities are already installed and the site is positioned for views while offering privacy and space. It may also appeal to investors seeking a lake-oriented building lot in a neighborhood setting with established recreation access nearby.
Key Highlights
- 2.34‑acre buildable lot in the Settlers' Cove neighborhood in Hauser Lake area
- Across the street from Hauser Lake with lake and mountain views
- Private well, septic system, and electricity already installed
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
Explore this area
Business Placement
Demographics for 59602, MT
29,390
Population
12,091
Households
2.4
Avg Household Size
42
Median Age
39%
College-Educated
94%
High-School Grad
524.3 sq mi
ZIP Area
56
Density / Sq Mi
$87,841
Median Household Income
$49,580
Median Earnings
$1,291
Median Rent
$369,800
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Waterfront Land - Build a custom home on a lakefront lot with utilities already in place and direct access to year-round recreation.
Where is this waterfront land located?
The property is located at 5626 Rainbow Drive Helena, MT.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: 2.34‑acre buildable lot in the Settlers' Cove neighborhood in Hauser Lake area; Across the street from Hauser Lake with lake and mountain views; Private well, septic system, and electricity already installed
