Experience the perfect blend of rustic charm and modern comfort in this stunning lakefront home with breathtaking mountain views. Situated on 0.5 acres with 115 feet of lake frontage, this property offers direct water access with a private dock, boat lift, and a spacious 24' x 24' boathouse for convenient storage. Step inside to find custom wood accents, oak cabinetry, cozy pellet stove, and a sprawling kitchen with an island and breakfast bar—perfect for entertaining. This 4-bedroom, 3-bathroom home spans 3,312 sq. ft., featuring a main-level primary suite with a beautifully remodeled en suite. Enjoy seamless indoor-outdoor living with a wraparound deck, expansive Anderson windows with custom treatments, and a walk-out basement with a wet bar and patio access to the manicured lawn. Whether you're seeking a full-time residence or a vacation getaway, this Settlers Cove gem is a must-see!
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Price Unknown
5625 Rainbow Dr, Helena, MT 59602
4beds
3,312sqft
Single Family Residence
Built in 1979
0.5 Acres Lot
$1,406,600 Zestimate®
$--/sqft
$3,019 Estimated rent
Home value
$1,406,600
$1.32M - $1.51M
$3,019/mo
Zestimate® history
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List your homeWhat's special
Boat liftPrivate dockBreathtaking mountain viewsWraparound deckLakefront homeRemodeled en suiteMain-level primary suite
Zillow last checked:
Listing updated:
Listed by:
Molly Holahan 406-431-8895,
Engel & Völkers Western Frontier - Helena,
Shae Counts 406-431-8971,
Engel & Völkers Western Frontier - Helena
Bought with:
Bobbi Campbell, RRE-BRO-LIC-53909
Venture West Realty
Source: MRMLS,MLS#: 30039662
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Electric, Forced Air
Appliances
- Included: Dryer, Dishwasher, Microwave, Range, Refrigerator, Washer
Features
- Fireplace, Main Level Primary, Vaulted Ceiling(s)
- Basement: Daylight,Finished
- Number of fireplaces: 1
Interior area
- Total interior livable area: 3,312 sqft
- Finished area below ground: 1,656
Property
Parking
- Total spaces: 2
- Parking features: Garage - Attached
- Attached garage spaces: 2
Features
- Stories: 1
- Patio & porch: Covered, Deck
- Fencing: None
- On waterfront: Yes
- Waterfront features: Dock Access, Lake, Waterfront
- Body of water: Hauser Lake
Lot
- Size: 0.5 Acres
- Features: Gentle Sloping, Landscaped, Sprinklers In Ground
Details
- Parcel number: 05199618401230000
- Zoning description: 1
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Foundation: Poured
Condition
- New construction: No
- Year built: 1979
Community & HOA
HOA
- Has HOA: Yes
- Amenities included: Boat Slip
- Services included: See Remarks
- HOA fee: $100 annually
- HOA name: Settlers Cove
Location
- Region: Helena
Financial & listing details
- Tax assessed value: $1,222,790
- Annual tax amount: $9,256
- Date on market: 2/3/2025
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 5/29/2025 | Sold | -- |
Source:  MRMLS #30039662 Report a problem | ||
| 4/4/2025 | Price change | $1,585,000-3.9%$479/sqft |
Source: MRMLS #30039662 Report a problem | ||
| 2/3/2025 | Listed for sale | $1,650,000$498/sqft |
Source: MRMLS #30039662 Report a problem | ||
| 9/30/2024 | Listing removed | $1,650,000$498/sqft |
Source: MRMLS #30026442 Report a problem | ||
| 5/17/2024 | Listed for sale | $1,650,000$498/sqft |
Source: MRMLS #30026442 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,713 -8.8% | $1,204,400 +11.2% |
| 2024 | $8,461 +0.4% | $1,083,500 |
| 2023 | $8,427 +19.7% | $1,083,500 +40.5% |
| 2022 | $7,040 -1.8% | $771,300 |
| 2021 | $7,168 +35.8% | $771,300 +35.8% |
| 2020 | $5,279 -1.8% | $568,000 |
| 2019 | $5,378 -15.9% | $568,000 -5% |
| 2018 | $6,397 +6.3% | $598,147 |
| 2017 | $6,016 +71% | $598,147 +40.3% |
| 2016 | $3,517 -3.2% | $426,400 |
| 2015 | $3,633 +15.2% | $426,400 +110.4% |
| 2014 | $3,154 +2.6% | $202,672 +2.1% |
| 2013 | $3,073 -2% | $198,460 +2.4% |
| 2012 | $3,135 | $193,725 |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | -- | -- |
| 2008 | -- | $273,100 |
| 2007 | -- | $273,100 |
| 2006 | -- | $273,100 |
| 2005 | -- | $273,100 |
| 2004 | -- | $273,100 |
| 2003 | -- | $273,100 +57.4% |
| 2002 | -- | $173,500 |
| 2000 | -- | $173,500 |
Find assessor info on the county website
Neighborhood: Helena Valley Northeast
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Nearby schools
GreatSchools rating
- 6/10Jim Darcy SchoolGrades: PK-5Distance: 5.9 mi
- 7/10C R Anderson Middle SchoolGrades: 6-8Distance: 10.5 mi
- 7/10Capital High SchoolGrades: 9-12Distance: 9.6 mi
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