$5,900,000

3900 Doral Dr Rapid City, SD 57702

Colonial Pine Hills Neighborhood

Estimated payment $36,996/month

Total Views 239
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Public Water Access
  • Golf Course View
  • Separate Formal Living Room
  • Corral Drive Elementary School Rated 9+
  • Wooded Lot
  • Fireplace

About This Home

Exceptional Investment Opportunity – The Doral Apartments, Fairway Hills~Nestled in the prestigious Fairway Hills neighborhood, directly across from the renowned Arrowhead Country Club, the Doral Apartments present an extraordinary opportunity to own a resort-style multifamily community unlike any other in Rapid City. This beautifully maintained property is set on 10 acres of private park land, offering residents the rare combination of peaceful natural surroundings and convenient city access. The lush, landscaped grounds feature mature trees, winding walking paths, and serene open spaces, providing a tranquil retreat from the bustle of every day life. Community amenities are designed to elevate the resident experience, including a sparkling outdoor pool, modern playground and a spacious community center ideal for private functions, social gatherings, and celebrations. A unique feature of this property is the inclusion of two large guest suites within the community center, available for short-term rental to residents hosting visitors, adding both convenience and a distinctive value proposition. Each apartment home offers a generous floor plan, private garage space and dedicated storage units, ensuring long term tenant satisfaction and ease of leasing. The property’s reputation for comfort and quality contributes to consistently low vacancy rates. Meticulously cared for, the complex has benefited from significant updates, including new shingles, gutters and metal fascia installed within the past three years, ensuring durability and reduced maintenance costs for years to come. Strategically located just minutes from Downtown Rapid City, major shopping centers and the medical district, the Doral Apartments combine accessibility, prestige and enduring appeal, making this a truly rare and rewarding investment opportunity in one of the city’s most desirable areas.

Listing Agent

Bo Hauer

COLDWELL BANKER BLACK HILLS LEGACY Listed on: 11/06/2025

COLDWELL BANKER BLACK HILLS LEGACY

Co-Listing Agent

Maria Sieck

COLDWELL BANKER BLACK HILLS LEGACY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1979

Lot Details

  • Private Entrance
  • Interior Lot
  • Lot Has A Rolling Slope
  • Wooded Lot

Parking

  • Garage

Property Views

  • Golf Course
  • Trees

Home Design

  • Poured Concrete
  • Wood Frame Construction
  • Frame Construction
  • Composition Roof

Interior Spaces

  • Fireplace
  • Separate Formal Living Room
  • Fire and Smoke Detector

Outdoor Features

  • Public Water Access
  • Patio

Utilities

  • Cooling Available
  • Heating Available
  • Public Septic

Listing and Financial Details

Community Details

Overview

  • 52 Units
  • Fairwayhillsprd Subdivision

Building Details

  • Gross Income $840

Property Details

Home Type

Multi-Family

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Type: Multiplex
  • Style: Up & Down
  • Lvt Date: 11/12/2025
  • View: Golf Course, Trees
  • Year Built: 1979
  • Safety Features: Smoke Detectors
  • Includes: Refrigerator, Range/Oven, Disposal
  • Miscellaneous: Separate Meters, Pet Restrictions
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Entrance: Private Entrance

Exterior Features

  • Construction: Frame, Wood
  • Foundation: Poured Concrete
  • Roof: Composition

Garage/Parking

  • Parking: Paved, Garage

Utilities

  • Air Conditioner: Electric
  • Heating: Electric
  • Sewer: City
  • Water: City

Lot Info

  • Lot Size: 9.08
  • Lot Type: Hills/Wooded, Rolling, Interior
  • Zoning: Conforming

Rental Info

  • Type of Tenancy: 1 Year Lease

Tax Info

  • Year: 2024
  • Taxes: $97,896.98

Multi Family

  • Number Of Units: 52
  • Vacancy Rate: 0 - 5%
  • Unit Features: All Units, Fireplace, Patio, Formal Living Room, Inside Utility Room, Extra Storage

Map

Range of Values:

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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/06/2025 11/06/25 For Sale $5,900,000 -- --
Source: Black Hills Association of REALTORS®

Source: Black Hills Association of REALTORS®

MLS Number: 176469

Black Hills Association of REALTORS®
South Dakota Pennington County Rapid City 57702 Colonial Pine Hills

3900 Doral Dr, Rapid City, SD

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Black Hills Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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Bo Hauer
Listing Agent
Bo Hauer
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COLDWELL BANKER BLACK HILLS LEGACY
(605) 972-1951