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Residential Land for Sale in Helena, Montana

5626 Rainbow Dr, Helena, MT 59602

$385,000
2.34 acres
Active sale
$65k drop
Est $2,760/mo

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
Zip code
59602
Elevation
3,711 feet
Coordinates
46.7096, -111.9006

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

Details and features

Listing

Type
Land
Franchise
Engel & Völkers

Listing history

DateEventPriceChangeSource
Oct 9, 2025Price drop$385,000$65,000 -14.4%MRMLS
Feb 3, 2025New listing$450,000MRMLS
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This 2.34-acre property is located at 5626 Rainbow Dr in Helena, MT 59602. The land is available for sale, priced at $385,000 — $164,530 per acre.

Listed by Engel & Volkers Western Frontier - Helena, (406) 926-3322

Checked 2 hours agoUpdated Source

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