
Residential Land for Sale in Helena, Montana
5626 Rainbow Dr, Helena, MT 59602
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.
Location
- Street address
- 5626 Rainbow Dr
- County
- Lewis and Clark County
- Zip code
- 59602
- Elevation
- 3,711 feet
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.
Property details
- Acreage
- 2.34 acres
- MLS #
- MRMLS 30039671
- Posted
Property taxes
- 2024
- $1,783
Parcels
- 05199618401420000
Legal description
S18, T11 N, R02 W, C.O.S. 3214901, ACRES 2.34, TRACT B1-A1, IN NW4SE4
Details and features
Listing
- Type
- Land
- Franchise
- Engel & Völkers
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Oct 9, 2025 | Price drop | $385,000 | $65,000 -14.4% | MRMLS |
| Feb 3, 2025 | New listing | $450,000 | — | MRMLS |




























