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Buildable Lakefront Residential Lot
For Sale
$385,000

5626 Rainbow Drive, Helena, MT 59602

Helena, MT

Property SizeContact for details
Lot Size2.34 Acres
Days on Market37

Property Features for 5626 Rainbow Drive

General Information

Property type Land
Property subtype Other
Standard status Active
Lot size 2.34 Acres
Listing Agency: Engel & Volkers Helena · Engel & Völkers
Listed By: Molly Holahan · License #RRE-BRO-LIC-99517
Added: Jul 20 Changed: Aug 20 Last Checked: Aug 25 at 5:06AM
MLS# 30039671

Copyright © 2026 Engel & Völkers. 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 residential lot in the Settlers’ Cove neighborhood spans 2.34 acres and is positioned across the street from Hauser Lake. The property offers lake and mountain views and is described as being perched at one of the higher points in the neighborhood, providing privacy and space for a custom home and outdoor living. Existing utilities include a private well, septic system, and electricity already installed to support development.

The site is located just minutes from Helena, Montana, with access to year-round recreation associated with Hauser Lake. It is near a public boat launch, offering convenient options for boating, fishing, kayaking, and paddleboarding. Additional convenience is noted with quick access to I-15.

For buyers looking to build on a lake-adjacent site, the combination of ready-to-use utilities and the lot’s view-oriented placement can reduce early site-work planning. It may also appeal to owners seeking room for a primary residence and potential outdoor or accessory uses, based on the custom build opportunity provided by this buildable parcel.

Key Highlights

  • 2.34‑acre buildable Hauser Lake lot in the Settlers' Cove neighborhood, across the street from Hauser Lake
  • Across from Hauser Lake with lake and mountain views
  • Utilities already in place: private well, septic system, and electricity installed

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Storage Facility Pet Store Pet Store & Service Bar & Pub Car Rental Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

11
Businesses Nearby

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Residential land & home lot - Buildable lot across from Hauser Lake with lake and mountain views plus private well, septic, and electricity.
Where is this residential land & home lot 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 Hauser Lake lot in the Settlers' Cove neighborhood, across the street from Hauser Lake; Across from Hauser Lake with lake and mountain views; Utilities already in place: private well, septic system, and electricity installed
More about this property
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