For sale

Price cut: $50K (7/27)

$390,000

4941 Sheridan Lake Rd, Rapid City, SD 57702

4beds

2,502sqft

$2,496/mo

Get pre-qualified

Site Built

Built in 1962

0.77 Acres Lot

$380,100 Zestimate^®

$156/sqft

$-- HOA

What's special

Tree-lined retreat

A unique opportunity to own a spacious, secluded property right in the heart of town. Nestled on 0.77-acre lot, this stunning home offers the perfect balance of privacy, space, and convenience. Located on the west side, you’re just minutes from schools, parks, shopping, and outdoor recreation—yet surrounded by the serenity of a tree-lined retreat. Inside, the thoughtfully designed layout features: • 4 spacious bedrooms, including a generous primary suite with en-suite bath and walk-in closet • 3 full bathrooms • An inviting living area with a cozy fireplace, perfect for relaxing or entertaining • A bright and relaxing sunroom ideal for year-round enjoyment • Office or craft room on the lower level • Large two-car garage with ample storage Whether you’re searching for your forever home or simply need room to grow, this one-of-a-kind property offers a rare opportunity to own a large, secluded lot on the west side of Rapid City.

46 days

2,163

118

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 3
Full bathrooms: 3
Main level bathrooms: 2
Main level bedrooms: 4

Primary bedroom

Description: En-suite & walk-in closet
Level: Main
Area: 228
Dimensions: 12 x 19

Bedroom 2

Level: Main
Area: 99
Dimensions: 9 x 11

Bedroom 3

Level: Main
Area: 144
Dimensions: 12 x 12

Bedroom 4

Level: Main
Area: 126
Dimensions: 9 x 14

Dining room

Level: Main
Area: 90
Dimensions: 10 x 9

Kitchen

Level: Main
Dimensions: 12 x 15

Living room

Description: with fire place
Level: Main
Area: 275
Dimensions: 25 x 11

Heating

Natural Gas, Forced Air, Fireplace(s)

Cooling

Refrig. C/Air

Appliances

Included: Dishwasher, Disposal, Refrigerator, Electric Range Oven, Washer, Dryer, Water Softener Owned
Laundry: Lower Level

Features

Ceiling Fan(s), Den/Study, Office, Sun Room
Flooring: Carpet, Tile, Laminate
Windows: Double Pane Windows, Window Coverings
Has basement: No
Number of fireplaces: 1
Fireplace features: One, Living Room

Interior area

Total structure area: 2,502
Total interior livable area: 2,502 sqft

Property

Parking

Total spaces: 2
Parking features: Two Car, Attached, RV Access/Parking, Garage Door Opener
Attached garage spaces: 2

Features

Patio & porch: Open Deck
Fencing: Chain Link,Garden Area

Lot

Size: 0.77 Acres

Details

Parcel number: 3721228005

Construction

Type & style

Home type: SingleFamily
Architectural style: Raised Ranch
Property subtype: Site Built

Materials

Frame
Foundation: Block
Roof: Composition,Metal

Condition

Year built: 1962

Community & HOA

Community

Security: Smoke Detector(s)

Location

Region: Rapid City

Financial & listing details

Price per square foot: $156/sqft
Tax assessed value: $249,400
Annual tax amount: $3,031
Date on market: 7/4/2026
Road surface type: Paved

Estimated market value

$380,100

$361,000 - $399,000

$2,715/mo

Price history

Date	Event	Price
7/27/2026	Price change	$390,000-11.4%$156/sqft
Source: Mount Rushmore Area AOR #89348 Report a problem
7/4/2026	Listed for sale	$440,000+3.5%$176/sqft
Source: Mount Rushmore Area AOR #89348 Report a problem
5/14/2026	Listing removed	$425,000$170/sqft
Source: Black Hills AOR #175609 Report a problem
3/25/2026	Price change	$425,000-2.3%$170/sqft
Source: Mount Rushmore Area AOR #85990 Report a problem
1/8/2026	Price change	$435,000-1.6%$174/sqft
Source: Black Hills AOR #175609 Report a problem
9/9/2025	Listed for sale	$442,000$177/sqft
Source: Mount Rushmore Area AOR #85990 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,031 +5.5%	$249,400 -8.8%
2024	$2,872 +13.9%	$273,500
2023	$2,521 -2.7%	--
2022	$2,590	$205,400 +7.5%
2021	--	$191,100 +10%
2020	$2,430 -34.4%	$173,700 -32.8%
2019	$3,704 +2.2%	$258,400 +2.6%
2018	$3,624 +8.2%	$251,900 +5.7%
2017	$3,349	$238,300 +23.4%
2016	$3,349 +11.9%	$193,100 -2.3%
2015	$2,993	$197,600 +2.1%
2014	$2,993	$193,600 +19.7%
2012	--	$161,800

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.

Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

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.

See how much you could borrow to make a competitive offer.

Get pre-qualified

Climate risks

Neighborhood: 57702

Getting around

16 / 100

Car-Dependent

38 / 100

Somewhat Bikeable

Nearby schools

GreatSchools rating

9/10
Corral Drive Elementary - 21
Grades: K-5Distance: 0.4 mi
9/10
Southwest Middle School - 38
Grades: 6-8Distance: 0.5 mi
5/10
Stevens High School - 42
Grades: 9-12Distance: 2.8 mi

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.