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Browse All Hot Springs SD Between $200K - $300K Properties for Sale

$289,000
3 Beds 1 Baths 89610 MLS
Discover a rare opportunity at 942 S. River Street in Hot Springs! Situated on approximately 0.62 acres spanning 8 city lots, this unique property offers endless possibilities with a charming home, income potential, and plenty of outdoor space. Built in 1914, the inviting 1½-story home features 1,024 square feet, 3 bedrooms, and 1 bathroom. The main level includes the primary bedroom, while two additional bedrooms are located upstairs. Step outside to a private backyard retreat complete with designated spaces for a hot tub, BBQ area, outdoor dining, and gardening, creating the perfect setting for relaxing or entertaining. The property also includes two 18' x 20' carports, one of which features an overhead garage door for enclosed parking or workshop space. An added bonus is the 2-bedroom, 1-bath manufactured home that has been successfully used as an income-producing rental. A second manufactured home is currently utilized for storage. Per city regulations, it may be remodeled but cannot be replaced if removed, providing additional flexibility for future use. Conveniently located near downtown Hot Springs and the Freedom Trail, you'll enjoy easy access to shopping, dining, parks, and walking and biking paths. Whether you're searching for a primary residence with supplemental rental income, space for hobbies and gardening, or a property with room to grow, this one is full of opportunity. Schedule your private showing today!

942 S River Street, Hot Springs

$249,900
1 Beds 1 Baths 89568 MLS
Listed by Lorenzo Bell-Thomas, with CENTURY 21 ClearView Realty, (605) 209-1816. SELLER IS OFFERING $5,000 IN CONCESSIONS to trench a water line to the home!!! Check out this home on 4 acres outside Hot Springs with **NO COVENANTS**! This cozy and efficient 640 sq ft studio-style home offers the perfect blend of affordable living, low maintenance, and country freedom. Inside, you'll find an inviting open-concept layout with beautiful butcher block countertops, abundant cabinetry, and space for a dining area. The home features two A/C-Heat Mini Splits for cooling and a propane heater for dependable warmth. The refrigerator, stove, and LG washer/dryer tower are included, making this property move-in ready. Large front kitchen windows showcase beautiful views and bring in natural light, adding to the warm and welcoming feel. Outside, the property is set up and ready for horses, mules, or other livestock with fencing, a 60x80 horse pen complete with loafing shed and turnout gate to a large turnout pen. There is also a mud porch, mini office area, insulated cistern with a 1,000-gallon tank, propane tankless water heater, and a 4-stage whole-house filtration system. A 3-vehicle carport provides ample covered parking, while the gravel camper pad near the entrance includes 30, 50, and 110 electrical hookups—perfect for guests or RV use. Enjoy privacy with a 7-foot privacy fence and perimeter fencing (a mix of barbed wire and rolled horse fencing). Schedule your showing today!

27199 Wind Cave Road, Hot Springs

$249,900
1 Beds 180110 MLS
Listed by Lorenzo Bell-Thomas, with CENTURY 21 ClearView Realty, (605) 209-1816. SELLER IS OFFERING $5,000 IN CONCESSIONS to trench a water line to the home!!! Check out this home on 4 acres outside Hot Springs with **NO COVENANTS**! This cozy and efficient 640 sq ft studio-style home offers the perfect blend of affordable living, low maintenance, and country freedom. Inside, you'll find an inviting open-concept layout with beautiful butcher block countertops, abundant cabinetry, and space for a dining area. The home features two A/C-Heat Mini Splits for cooling and a propane heater for dependable warmth. The refrigerator, stove, and LG washer/dryer tower are included, making this property move-in ready. Large front kitchen windows showcase beautiful views and bring in natural light, adding to the warm and welcoming feel. Outside, the property is set up and ready for horses, mules, or other livestock with fencing, a 60x80 horse pen complete with loafing shed and turnout gate to a large turnout pen. There is also a mud porch, mini office area, insulated cistern with a 1,000-gallon tank, propane tankless water heater, and a 4-stage whole-house filtration system. A 3-vehicle carport provides ample covered parking, while the gravel camper pad near the entrance includes 30, 50, and 110 electrical hookups—perfect for guests or RV use. Enjoy privacy with a 7-foot privacy fence and perimeter fencing consisting of a mix of barbed wire and rolled horse fencing. The only thing missing on this home…is YOU!

27199 Wind Cave Rd, Hot Springs

$279,000
4 Beds 2 Baths 88579 MLS
PRICE IMPROVEMENT! Now offered at $294,999 with a $5,000 seller credit available toward closing costs, prepaid expenses, an interest rate buy-down, or a combination that works best for you. Welcome to 2330 Lincoln Avenue in Hot Springs, SD. This versatile 4-bedroom, 2-bathroom home offers approximately 1,950 square feet of living space with flexibility for multi-generational living, rental income potential, or extra room to fit your lifestyle. The home features two separate living areas connected by an interior stairway that can easily be closed off for additional privacy. Each level has its own private entrance, creating opportunities for extended family, guests, or supplemental income. The upper level includes a bright living room, full kitchen, two bedrooms, one bathroom, and access to a spacious deck with beautiful views. A wheelchair-accessible ramp provides convenient entry to the main level. The lower level was extensively remodeled in 2020 and includes two non-conforming bedrooms, an updated kitchenette, living area, bathroom, laundry, pantry space, new flooring, and fresh paint. Additional features include central heat and air upstairs with an electric heat pump, electric baseboard heat downstairs, a NuvoH2O salt-free water softening system, ample off-street parking, a spacious backyard, and an oversized storage shed. A rare combination of accessibility, flexibility, and value just minutes from schools, parks, and downtown amenities.

2330 Lincoln Avenue, Hot Springs

$299,000
178844 MLS
Listed with Travis Haan -- Black Hills Realty -- 605-415-2344 Discover a rare opportunity to own a piece of Black Hills history with this newly available 9.34-acre lot off Argyle Road, just minutes from Hot Springs, South Dakota. Ideally situated only 2 miles off Highway 385, this property offers the perfect balance of accessibility and seclusion. Located just 3 miles from Wind Cave National Park and 10 miles from Custer State Park, you’ll have world-class outdoor recreation right at your doorstep—whether it’s hiking, wildlife viewing, or scenic drives through the Black Hills. Elk and Turkeys are frequent on the property as well as both Whitetail and Mule Deer. Adding to its unique appeal, this land carries a fascinating legacy—it was originally acquired in a poker game in the 1940s and has remained untouched ever since. Now, for the first time in generations, these parcels are being offered, giving you a chance to own truly unspoiled ground with a story to tell. With wide-open space, natural beauty, and a location that puts you near some of South Dakota’s most treasured landmarks, this nearly 10-acre lot is ideal for building your dream home, a vacation getaway, or an investment in land with lasting value. Don’t miss your chance to claim a piece of history in the heart of the Black Hills. Rural water and electric will be available pending final plat approval by the county. All utility improvements are expected to be completed by August 1st, 2026. Listing Agent has a vested interest in this property.

TR Lot 4 Argyle Rd, Hot Springs

$299,000
178843 MLS
Listed with Travis Haan -- Black Hills Realty -- 605-415-2344 Discover a rare opportunity to own a piece of Black Hills history with this newly available 9.54-acre lot off Argyle Road, just minutes from Hot Springs, South Dakota. Ideally situated only 2 miles off Highway 385, this property offers the perfect balance of accessibility and seclusion. Located just 3 miles from Wind Cave National Park and 10 miles from Custer State Park, you’ll have world-class outdoor recreation right at your doorstep—whether it’s hiking, wildlife viewing, or scenic drives through the Black Hills. Elk and Turkeys are frequent on the property as well as both Whitetail and Mule Deer. Adding to its unique appeal, this land carries a fascinating legacy—it was originally acquired in a poker game in the 1940s and has remained untouched ever since. Now, for the first time in generations, these parcels are being offered, giving you a chance to own truly unspoiled ground with a story to tell. With wide-open space, natural beauty, and a location that puts you near some of South Dakota’s most treasured landmarks, this nearly 10-acre lot is ideal for building your dream home, a vacation getaway, or an investment in land with lasting value. Don’t miss your chance to claim a piece of history in the heart of the Black Hills. Rural water and electric will be available pending final plat approval by the county. All utility improvements are expected to be completed by August 1st, 2026. Listing Agent has a vested interest in this property.

TR Lot 3 Argyle Rd, Hot Springs

$288,000
3 Beds 178361 MLS
**New Carpet**Motivated Seller--Charming intown Farmhouse- 1 block from High School! Thoughtfully maintained 3-bedroom, 2-bath home offering approximately 1,868 finished square feet in an established Hot Springs neighborhood. This 1.5-story residence blends timeless character with practical upgrades, creating the ideal mix of comfort, function, and long-term value. Step inside to an expansive open living room anchored by a beautiful brick fireplace with wood-burning insert, creating a warm focal point and an inviting gathering space.The kitchen offers generous counter space, abundant cabinetry, breakfast bar seating, updated lighting, and an easy flow into the dining area—perfect for everyday living and entertaining. The main level offers exceptional convenience with two bedrooms, two bathrooms, and dedicated main-floor laundry, a highly desirable layout that broadens buyer appeal. Upstairs, the oversized third bedroom/bonus retreat provides flexible space for a private primary suite, guest quarters, office, hobby room, or multi-use flex space. Additional value-enhancing features include updated kitchen and baths, modernized electrical and plumbing, 220V service, metal/vinyl exterior, and alley-access two-car garage with extensive extra parking for RVs, trailers, or recreational vehicles. Outside, enjoy a LARGE fenced yard with mature trees, deck access for summer gatherings, gardening space, and room for pets or play. The oversized garage & additional parking are standout amenities rarely found at this price point in town. Located 1 block from Hot Springs High School, downtown conveniences, and the natural beauty that makes Hot Springs so special, this property offers size, function, parking flexibility, and move-in-ready updates that compare favorably to competing homes in the market.

1710 Albany Ave, Hot Springs

$215,000
2 Beds 177528 MLS
Step into charm and modern elegance with this beautiful newly renovated 2-bedroom, 1-bath home that perfectly blends character and contemporary comfort. Nestled in the breathtaking Southern Hills of South Dakota, this home offers peaceful surroundings with the convenience of being just a quick 20-minute drive to the lake, 20 minutes to Custer State Park and 40 from the monuments—perfect for weekend getaways, fishing, or summer fun. From the moment you enter, you'll be captivated by the exquisite woodwork and thoughtfully designed updates throughout. The heart of the home features soaring vaulted ceilings in the kitchen, dining, and living room, creating an open, airy feel that's perfect for entertaining or relaxing in style. Brand-new flooring runs throughout the entire home, adding a fresh, cohesive look while complementing the warm tones of the woodwork. The kitchen has been tastefully updated to offer both functionality and flair, flowing seamlessly into the dining and living areas for easy everyday living. A spacious laundry room adds convenience and versatility, offering extra storage and workspace. Both bedrooms are bright and inviting, with natural light and comfortable layouts. Whether you're a first-time buyer, downsizing, or looking for a stylish, move-in-ready space surrounded by natural beauty, this home is a true standout. Don't miss your chance to own this one-of-a-kind gem in the heart of the Southern Hills—schedule your showing today!

2317 Wilson Ave, Hot Springs

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