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For sale
  • $16,500,000

    1050 Valley Dr, Rapid City, SD 57703

    --beds
    --baths
    --sqft
    : 
    $107,979/mo
    Get pre-qualified
    Multi Family
    Built in 2021
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Blinds in all apartmentsSteel railings
    Moonlight Apartment complex. 6 units with 15 apartments per unit. 3 sets of 18 private garages. Garage rents for $100 per month. Efficiency apartments are $995 per month. One bedroom apartments $1200 per month. Two bedroom apartment is $1400 per month. Each building has 3 studio apartments, 6 one bedroom apartments and 6 two bedroom apartments. Studio apartments are 558 square feet. One bedrooms are 774 square feet and two bedroom apartment is 1013 square feet. All appliances are stainless steel. Each unit has a refrigerator, range/oven, microwave and dishwasher. Each unit has stacked washer and dryer. Vinyl plank flooring in building corridors and stairs with steel railings for low maintenance. Balconies or patio on all units. Bedrooms are carpeted. LVF vinyl flooring in kitchen, living rooms and baths. All balcony decks are Trex. 440 foot metal fence parallel to Valley Drive and two large apartment complex name signs. Blinds in all apartments. Complete apartment surveillance system with recording ability for all units exterior and interior common areas. Completely landscaped with sprinkler system. Napco fire link fire suppression system approved by Rapid City fire department. Garages are taped and textured with garage door openers with remote. Two tone cabinets in kitchens. Matching laminated counter tops and stainless steel sinks. Tenants pay water and electric. Owner pays for garbage, lawn care and snow removal. Last two units were completed by Mac Construction in 2022.
    64 days
    |
    205
    |
    9
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Art Koscielski,

    Black Hills SD Realty

    Source: Mount Rushmore Area AOR,MLS#: 88899MLS Logo

      Facts & features

      Interior

      Heating
      • Electric, Forced Air
      Cooling
      • Refrig. C/Air
      Appliances
      • Included: Dishwasher, Refrigerator, Electric Range Oven, Microwave, Washer, Dryer
      Features
      • Windows: Window Coverings (All)
      • Basement: Crawl Space

      Property

      Parking
      • Parking features: Paved, Garage, Other (See Remarks)
      • Has garage: Yes
      Features
      • Levels: 2.5 Story
      • Stories: 2
      • Entry location: Community Entrance,More than 1/Apartment
      Lot
      • Size: 3.73 Acres
      • Features: Landscaped
      Details
      • Parcel number: 3804301004

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Frame, Masonite Siding
      • Foundation: Poured Concrete Found.
      • Roof: Composition
      Condition
      • Year built: 2021

      Utilities & green energy

      • Electric: Breaker

      Community & HOA

      Community
      • Security: Smoke Detector(s), Fire Sprinkler System, Firewall(s), Fire Alarm, Security System
      • Subdivision: Diamond Ridge Subdivision
      HOA
      • Services included: Trash, Snow Removal
      Location
      • Region: Rapid City

      Financial & listing details

      • Tax assessed value: $12,208,400
      • Annual tax amount: $162,984
      • Date on market: 5/29/2026
      • Listing terms: Cash,New Loan
      • Inclusions: All Units, Refrigerator, Range/Oven, Dishwasher, Washer, Dryer, Air Conditioner
      • Lease term: 12 Months
      • Tenant pays: Gas/Electric, Water/Sewer
      • Electric utility on property: Yes
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $2,020/mo

        Price history

        DateEventPrice
        5/29/2026Listed for sale$16,500,000-10.8%
        Source: Black Hills AOR #179267 Report a problem
        6/9/2024Listing removed$18,500,000
        Source: Mount Rushmore Area AOR #73133 Report a problem
        11/28/2022Price change$18,500,000-7.5%
        Source: Black Hills AOR #160050 Report a problem
        7/8/2022Listed for sale$20,000,000
        Source: Black Hills AOR #160050 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$162,984 +79.9%$12,208,400 +4%
        2024$90,602 +1794.7%$11,743,000 +85.9%
        2023$4,782 -8.2%$6,315,200 +1945.7%
        2022$5,212 $308,700
        2021-- $308,700
        2020$5,388 $308,700
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 57703

        Getting around

        13 / 100
        Car-Dependent
        24 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: Rapid City

        Source: Mount Rushmore Area AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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