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3900-3951 Doral Dr, 
Rapid City, SD 57702

$5,900,000


Bed


Bath


-

Sq Ft


Multi-Family

Active

Listed by

Bo Hauer

Maria Sieck

Coldwell Banker Black Hills Legacy

605-343-2700

Last updated:

December 3, 2025, 03:38 PM

MLS#

176469

Source:

SD BHMLS

About This Home

3900-3951 Doral Dr

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.

Home Facts

Multi-Family

Built in 1979

Price Summary

5,900,000

MLS #:

176469

Last Updated:

December 3, 2025, 03:38 PM

Added:

a month ago


Structure

Structure

Architectural Style:

Up & Down

Year Built:

1979


Finances & Disclosures

Finances

Price:

$5,900,000

Source:SD BHMLS
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By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.