4941 Sheridan Lake Rd, Rapid City, SD, 57702
About This Home
A unique opportunity to own a spacious, secluded property right in the heart of town. Nestled on a secluded and hard-to-find 0.77-acre lot in the heart of town, this stunning West Side 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, private lot right in the heart of Rapid City.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1962
Materials
- Foundation: Block
- Roof: Composition
- Construction materials: Block,Frame
Type & Style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subType: Single Family Residence
Interior
Bathroom
- Features: Shower and Tub,Shower Only,Shower/Tub,Walk-In Closet(s)
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Dining Room
- Features: Combination,Formal
Features
- Flooring: Carpet,Laminate,Tile
- Number of fireplaces: 1
- Fireplace features: Wood Burning
- Fireplace: Yes
Heating
- Heating features: Forced Air,Heat Pump Mini-Split
Interior Area
- Total structure area: 2,502
- Total interior livable area: 2,286 sqft
Property
Details
- Parcel number: 3721228005
Features
- Has spa: Yes
- Spa features: Jet Tub,Shower and Whirlpool Tub
- Fencing: Back Yard,Chain Link
- Has view: Yes
- View description: City,Hills,Neighborhood
Lot
- Lot size: 0.77 Acres
- Features: Rolling Slope
Parking
- Total spaces: 2
- Parking features: Attached,Two Car
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Hail
- Lightning
- Wildfire
- Winter Weather
- Inland Flooding
- Ice Storm
- Tornado
How This Home’s Risks Compare
FEMA Declared Disasters in Pennington County and South Dakota
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,972 | $23,664 |
| Home Insurance | $230 | $2,760 |
| Property Taxes | $386 | $4,632 |
| Electricity | $174 | $2,095 |
| Total | $2,762 | $33,144 |
Income You'd Need if You Spent...
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-25 | Price change | $425,000 |
| 2026-01-08 | Price change | $435,000 |
| 2025-09-09 | Listed for sale | $442,000 |
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