Quick Hot Springs SD MLS Search

Browse All Hot Springs SD Between $400K - $500K Properties for Sale

$499,000
90237 MLS
CHARMING 4-PLEX in EXCELLENT LOCATION across from BUTLER PARK in the great town of Hot Springs. 100% occupancy for forever, with 3 units having same tenants 8 years or longer. Apartment 1 is currently available, and owner is keeping it open for a month or two to sell the fourplex in case the new owner wants to live on site. Good income opportunity by either renting out all 4 units for optimal profit or live in one yourself and bring in some income from the remaining 3. All units have the same floor plan with spacious kitchen, dining, and living room up, and 2 large bedrooms and 1 bath in the garden level basement. Apartment #4 features a bonus sun room area up and extra generous bedroom down. Each unit hosts its own laundry hook-ups. Units #1-3 each have access to 1 garage stall each, while Unit #4 gets 2 garage stalls. New roof, newer aluminum siding, low-maintenance Trex decking, and underground sprinkler system. Some new appliances and paint. Rents are currently below market, as the tenants have been there so long, and #1 would be rented for $1,100. Renters pay their own electric, and 3 are still on separate water meters. Across from Butler Park, very near the library, and all the small town amenities of this charming Southern Black Hills town! Come take a look! :)

438 S 14th Street, Hot Springs
$499,000
90237 MLS
CHARMING 4-PLEX in EXCELLENT LOCATION across from BUTLER PARK in the great town of Hot Springs. 100% occupancy for forever, with 3 units having same tenants 8 years or longer. Apartment 1 is currently available, and owner is keeping it open for a month or two to sell the fourplex in case the new owner wants to live on site. Good income opportunity by either renting out all 4 units for optimal profit or live in one yourself and bring in some income from the remaining 3. All units have the same floor plan with spacious kitchen, dining, and living room up, and 2 large bedrooms and 1 bath in the garden level basement. Apartment #4 features a bonus sun room area up and extra generous bedroom down. Each unit hosts its own laundry hook-ups. Units #1-3 each have access to 1 garage stall each, while Unit #4 gets 2 garage stalls. New roof, newer aluminum siding, low-maintenance Trex decking, and underground sprinkler system. Some new appliances and paint. Rents are currently below market, as the tenants have been there so long, and #1 would be rented for $1,100. Renters pay their own electric, and 3 are still on separate water meters. Across from Butler Park, very near the library, and all the small town amenities of this charming Southern Black Hills town! Come take a look! :)

438 S 14th Street, Hot Springs
$485,000
3 Beds ⋅ 90009 MLS
Lakefront Living –13410 Lake Resort Road, Hot Springs, SD. Listed by:Jennifer Landguth Hegg REALTORS, Inc,. 605-381-8273. Welcome to your dream lakeside retreat or full-time residence situated on one of the closest lots to the water with an unobstructed view of Angostura lake. This exceptional property offers 2.5 acres of pure freedom with NO covenants. Bring your boats, your toys, and your vision. Spacious & Open this charming 1,863-sq. foot home features vaulted ceilings, an open floor plan & welcoming atmosphere. The large kitchen boasts a large central island, tons of counter space, a pantry, & a bright & spacious dining area. Designed for entertaining, the kitchen flows seamlessly into a comfortable family room and Nearby is flex space for games & cards. A large, formal living room provides even more space to gather or a pool table! The spacious primary bedroom features a large walk-in closet and a spa-like bath with a deep soaker tub. Two spacious bedrooms share a full bath. The laundry and 1/2 bath are positioned right off the kitchen. Between the home and detached garage is a fenced rock yard. Water sports enthusiasts will fall in love with the massive, 1,500-square-foot insulated tandem shop. Featuring high ceilings, a workbench area, and a great layout designed for effortless boat maneuvering through the 2 overhead doors. The front covered raised patio is perfect for outdoor dining with a view of the lake. The home and shop features a metal roof. The house

13410 Lake Resort Lane, Hot Springs
$424,900
4 Beds ⋅ 89759 MLS
Discover incredible space, versatility and sweeping views at 27927 Cascade Springs Road! Situated on just over nine acres, this meticulously maintained property features a three-bedroom, two-bath manufactured home on a permanent foundation. The interior is largely finished with sheetrock, giving the home a warm, residential feel. Currently operated as a successful Airbnb, the property has generated approximately $20,000-$40,000 in annual gross revenue, according to the seller. A separate ADU offers an additional bedroom, bathroom and kitchenette area. The kitchenette is plumbed for a sink, although no sink is currently installed or active. Enjoy remarkable views stretching toward Nebraska and Wyoming, while a beautiful canyon just beyond the property line attracts abundant wildlife. Conveniently located approximately 20 minutes from Wind Cave National Park and 45 minutes from the southern entrance to Custer State Park. Whether you are looking for a private Black Hills retreat, an income-producing property or a home with additional space for guests, this one-of-a-kind property offers exceptional possibilities. Buyer and buyer's agent to verify all information, including acreage, financing eligibility, ADU status, rental income and driving distances.

27927 Cascade Springs Road, Hot Springs
$409,000
4 Beds ⋅ 89539 MLS
Listed with Denise Haden, CENTURY 21 ClearView Realty, (605) 890-0278. Discover this unique, custom-built 3-level A-frame home offering 4 bedrooms, 2 bathrooms, and a dedicated main-floor office within 2,312 square feet of finished space. Perfectly situated on a spacious .55-acre lot in town, this property features beautiful oak trim throughout and an incredible 3-car attached garage with a fantastic workspace. Families will love living just two blocks from the elementary school! Built in 1997, the home welcomes you with abundant natural light from beautiful skylights and premium Pella windows. The functional 3-level layout includes convenient washer and dryer hookups on both the main and upper floors, a central vac system, and a jacuzzi tub in main bath. Many gorgeous views of the surrounding area. The unfinished basement offers immense potential, featuring two egress windows ready for custom bedroom designs, plus plumbing already prepped for an additional bathroom. Whether you're relaxing on the expansive lot or utilizing the massive garage workspace, this property perfectly combines daily convenience with distinct, custom architecture.

2233 Lincoln Avenue, Hot Springs
$429,900
4 Beds ⋅ 89342 MLS
In the heart of Hot Springs; walk to the River Street area and enjoy all the restaurants and happenings; Moccasin Springs right down the street. This 4 bedroom/2 bathroom home has many upgrades and ample space. BEAUTIFUL kitchen remodel; subway tile backsplash, movable island; this is a must see! Open to the living room, great for entertaining. Large master bedroom on the main floor with its own bathroom. Main floor laundry. The basement bedroom is non-conforming and could also make office space, work out area, or extra storage. There is plenty of storage in this home! Small loft on the second story for tv watching/gaming (couch and entertainment will stay). Huge, detached garage, plus plenty of parking spots in the back of the property for a camper, etc. No HOA/covenants in this subdivision. HUGE yard, enjoy the outdoors right in town. Original home built in 1923; addition built in 1984. A 50' well is available that runs the sprinkler system for the lawn. Chicken coop included and chickens can stay if the buyer would like. Roof and gutters replaced in fall of 2025.

2138 Minnekahta Avenue, Hot Springs
$465,000
3 Beds ⋅ 88736 MLS
Bring us an offer! 2.72 acres with a 2018 zero-entry, ADA-accessible single-level home just outside Hot Springs. Combinations like this are becoming increasingly difficult to find in the southern Black Hills. Located in Cobblestone Mountain Estates roughly one mile north of town off Highway 385, this property offers the balance buyers keep chasing, space, privacy, views, and convenience without feeling disconnected. Inside, the home offers 1,555 sq ft with 3 bedrooms, 2 bathrooms, vaulted ceilings, walk-in closets, low-maintenance flooring, and an open single-level layout designed for practical everyday living. The primary suite adds comfort and privacy, while multiple mini split systems, Cove heat, an on-demand gas water heater, and a whole-house water filtration system add everyday efficiency. The home sits on a slab foundation and includes an attached finished 2-car garage. Outside, the 2.72-acre lot provides usable space, Black Hills views from nearly every window, and a low-covenant setting that gives the property breathing room without putting you far from town. Hospital, VA, schools, groceries, and downtown Hot Springs are minutes away. For buyers looking for acreage, accessibility, newer construction, and easy year-round living near Hot Springs, this one checks boxes that rarely show up together. Listed by Henry Ulrich, Ascend Realty, 605-490-2040. Schedule your showing!!

12929 Sapphire Lane, Hot Springs
$479,000
88240 MLS
Hot Springs Development Opportunity – 9+ Acres Adjacent to Southern Hills Golf Course. Seize this rare chance to own 9.16 acres of prime land directly bordering the scenic Southern Hills Golf Course in Hot Springs, SD. With breathtaking fairway views and sweeping long-distance vistas, this property offers endless potential for your vision — whether that’s private home sites, townhomes, apartments, a restaurant, or a unique commercial venture. Once home to the golf course clubhouse, the land still holds the old cart shed (in disrepair), adding a touch of history to the site. The offering includes four separate parcels sold together — seller will not subdivide. Highlights: 9.16 acres total (4 parcels) Adjacent to Southern Hills Golf Course One .55-acre parcel within city limits — potential golf course access Remaining acreage in the county with NO COVENANTS. Electric to property. Previous water/sewer utilities inactive for 35+ years (no guarantees). City utilities not available. This is a blank canvas for developers, investors, or visionaries looking to create something truly special in the Hot Springs area. Contact: Cathy Mosset, Heartland Real Estate, Listing Agent – 605-890-1066 Learn more about the golf course: hotspringssdgolf.com

TBD Clubhouse Road, Hot Springs
$485,000
3 Beds ⋅ 3 Baths ⋅ 90009 MLS
Lakefront Living –13410 Lake Resort Road, Hot Springs, SD. Listed by:Jennifer Landguth Hegg REALTORS, Inc,. 605-381-8273. Welcome to your dream lakeside retreat or full-time residence situated on one of the closest lots to the water with an unobstructed view of Angostura lake. This exceptional property offers 2.5 acres of pure freedom with NO covenants. Bring your boats, your toys, and your vision. Spacious & Open this charming 1,863-sq. foot home features vaulted ceilings, an open floor plan & welcoming atmosphere. The large kitchen boasts a large central island, tons of counter space, a pantry, & a bright & spacious dining area. Designed for entertaining, the kitchen flows seamlessly into a comfortable family room and Nearby is flex space for games & cards. A large, formal living room provides even more space to gather or a pool table! The spacious primary bedroom features a large walk-in closet and a spa-like bath with a deep soaker tub. Two spacious bedrooms share a full bath. The laundry and 1/2 bath are positioned right off the kitchen. Between the home and detached garage is a fenced rock yard. Water sports enthusiasts will fall in love with the massive, 1,500-square-foot insulated tandem shop. Featuring high ceilings, a workbench area, and a great layout designed for effortless boat maneuvering through the 2 overhead doors. The front covered raised patio is perfect for outdoor dining with a view of the lake. The home and shop features a metal roof. The house

13410 Lake Resort Lane, Hot Springs
$485,000
3 Beds ⋅ 180532 MLS
Lakefront Living –13410 Lake Resort Road, Hot Springs, SD. Listed by:Jennifer Landguth Hegg REALTORS, Inc,. 605-381-8273. Welcome to your dream lakeside retreat or full-time residence situated on one of the closest lots to the water with an unobstructed view of Angostura Reservoir. This exceptional property offers 2.5 acres of pure freedom with NO covenants. Bring your boats, your toys, and your vision. Spacious & Open this charming 1,863-sq. foot home features vaulted ceilings, an open floor plan & welcoming atmosphere. The large kitchen boasts a large central island, tons of counter space, a pantry, & a bright & spacious dining area. Designed for entertaining, the kitchen flows seamlessly into a comfortable family room and Nearby is flex space for games & cards. A large, formal living room provides even more space to gather or a pool table! The spacious primary bedroom features a large walk-in closet and a spa-like bath with a deep soaker tub. Two spacious bedrooms share a full bath. The laundry and 1/2 bath are positioned right off the kitchen. Between the home and detached garage is a fenced rock yard. Water sports enthusiasts will fall in love with the massive, 1,500-square-foot insulated tandem shop. Featuring high ceilings, a workbench area, and a great layout designed for effortless boat maneuvering through the 2 overhead doors. The front covered raised patio is perfect for outdoor dining with a view of the lake. The home sits on a concrete slab with hurricane tie-downs and features a durable, low-maintenance metal roof. This rare lakeside property is easy to view and ready for its next chapter. Angostura Reservoir is legendary for having some of the best walleye, bass, and crappie fishing in South Dakota, alongside miles of golden sand beaches, d endless opportunities for boatings, jet skiing, sailing, & Kayaking. Just a short drive away is the historic city of Hot Springs, SD for fun, Spas, dining & necessities! Don't miss this Great Opportunity!

13410 Lake Resort Lane, Hot Springs
$490,000
1 Beds ⋅ 180489 MLS
Rare opportunity to own a cabin on 6 acres within city limits! Built in 2007, this charming 1-bedroom, 1-bath home offers the perfect blend of privacy, convenience, and Black Hills beauty. City water and sewer service the property, while the additional acreage provides even more room to explore, build, or simply enjoy the peaceful, wooded setting with panoramic views and easy year-round access. Inside, you'll find hardwood floors in the living room and bedroom, travertine flooring throughout the kitchen, dining area, and bathroom, and matching travertine tile countertops in the kitchen. The open kitchen and dining area creates a functional and inviting living space with bar seating at the kitchen counter as an added feature. Washer and dryer hookups add convenience, while new exterior doors and a new back deck make it easy to relax and take in the scenery. The cabin is finished with attractive log siding and a durable metal roof for low-maintenance living. Whether you're looking for a full-time residence, a vacation getaway in the Black Hills, or a place to live while building your dream home, this unique property offers endless possibilities. This property is also available as a 3.2-acre parcel with the cabin for buyers seeking a smaller acreage option. Don't miss this chance to own 6 acres of beautiful Black Hills property with city utilities already in place!

1835 Doran Rd, Hot Springs
$424,900
4 Beds ⋅ 180296 MLS
Discover incredible space, versatility and sweeping views at 27927 Cascade Springs Road! Situated on just over nine acres, this meticulously maintained property features a three-bedroom, two-bath manufactured home on a permanent foundation. The interior is largely finished with sheetrock, giving the home a warm, residential feel. Currently operated as a successful Airbnb, the property has generated approximately $20,000–$40,000 in annual gross revenue, according to the seller. A separate ADU offers an additional bedroom, bathroom and kitchenette area. The kitchenette is plumbed for a sink, although no sink is currently installed or active. Enjoy remarkable views stretching toward Nebraska and Wyoming, while a beautiful canyon just beyond the property line attracts abundant wildlife. Conveniently located approximately 20 minutes from Wind Cave National Park and 45 minutes from the southern entrance to Custer State Park. Whether you are looking for a private Black Hills retreat, an income-producing property or a home with additional space for guests, this one-of-a-kind property offers exceptional possibilities. Buyer and buyer’s agent to verify all information, including acreage, financing eligibility, ADU status, rental income and driving distances.

27927 Cascade Springs Rd, Hot Springs
$424,900
4 Beds ⋅ 3 Baths ⋅ 89759 MLS
Discover incredible space, versatility and sweeping views at 27927 Cascade Springs Road! Situated on just over nine acres, this meticulously maintained property features a three-bedroom, two-bath manufactured home on a permanent foundation. The interior is largely finished with sheetrock, giving the home a warm, residential feel. Currently operated as a successful Airbnb, the property has generated approximately $20,000–$40,000 in annual gross revenue, according to the seller. A separate ADU offers an additional bedroom, bathroom and kitchenette area. The kitchenette is plumbed for a sink, although no sink is currently installed or active. Enjoy remarkable views stretching toward Nebraska and Wyoming, while a beautiful canyon just beyond the property line attracts abundant wildlife. Conveniently located approximately 20 minutes from Wind Cave National Park and 45 minutes from the southern entrance to Custer State Park. Whether you are looking for a private Black Hills retreat, an income-producing property or a home with additional space for guests, this one-of-a-kind property offers exceptional possibilities. Buyer and buyer’s agent to verify all information, including acreage, financing eligibility, ADU status, rental income and driving distances.

27927 Cascade Springs Road, Hot Springs
$490,000
1 Beds ⋅ 1 Baths ⋅ 89672 MLS
Rare opportunity to own a cabin on 6 acres within city limits! Built in 2007, this charming 1-bedroom, 1-bath home offers the perfect blend of privacy, convenience, and Black Hills beauty. City water and sewer service the property, while the additional acreage provides even more room to explore, build, or simply enjoy the peaceful, wooded setting with panoramic views and easy year-round access. Inside, you'll find hardwood floors in the living room and bedroom, travertine flooring throughout the kitchen, dining area, and bathroom, and matching travertine tile countertops in the kitchen. The open kitchen and dining area creates a functional and inviting living space with bar seating at the kitchen counter as an added feature. Washer and dryer hookups add convenience, while new exterior doors and a new back deck make it easy to relax and take in the scenery. The cabin is finished with attractive log siding and a durable metal roof for low-maintenance living. Whether you're looking for a full-time residence, a vacation getaway in the Black Hills, or a place to live while building your dream home, this unique property offers endless possibilities. This property is also available as a 3.2-acre parcel with the cabin for buyers seeking a smaller acreage option. Don't miss this chance to own 6 acres of beautiful Black Hills property with city utilities already in place!

1835 Doran Road, Hot Springs
$490,000
180183 MLS
Discover the beauty and endless possibilities of this 60.48 acre property, consisting of two parcels in Nickel Subdivision just outside of Hot Springs. Featuring a beautiful mix of towering trees, open meadows, rolling hills, and level building areas, this property offers the ideal setting for your dream home, hobby ranch, or recreational retreat. Horses are welcome, giving you plenty of room to enjoy country living while remaining close to town. Multiple potential building sites allow you to choose the perfect location to take advantage of the surrounding views and natural landscape. Electric is close by, adding convenience for future development. Enjoy easy year-round access with less than a 1/4 mile of gravel road leading to the property. Whether you're looking for privacy, space to roam, or a beautiful Black Hills setting to build your forever home, this exceptional acreage offers the best of both worlds, peaceful rural living with convenient access to Hot Springs and nearby recreation. Don't miss this rare opportunity to own over 60 acres of scenic Black Hills land!

TBD Nickel St, Hot Springs
$490,000
89630 MLS
Discover the beauty and endless possibilities of this 60.48 acre property, consisting of two parcels in Nickel Subdivision just outside of Hot Springs. Featuring a beautiful mix of towering trees, open meadows, rolling hills, and level building areas, this property offers the ideal setting for your dream home, hobby ranch, or recreational retreat. Horses are welcome, giving you plenty of room to enjoy country living while remaining close to town. Multiple potential building sites allow you to choose the perfect location to take advantage of the surrounding views and natural landscape. Electric is close by, adding convenience for future development. Enjoy easy year-round access with less than a 1/4 mile of gravel road leading to the property. Whether you're looking for privacy, space to roam, or a beautiful Black Hills setting to build your forever home, this exceptional acreage offers the best of both worlds—peaceful rural living with convenient access to Hot Springs and nearby recreation. Don't miss this rare opportunity to own over 60 acres of scenic Black Hills land!

TBD Nickel Drive, Hot Springs
$409,000
4 Beds ⋅ 2 Baths ⋅ 89539 MLS
Listed with Denise Haden, CENTURY 21 ClearView Realty, (605) 890-0278. Discover this unique, custom-built 3-level A-frame home offering 4 bedrooms, 2 bathrooms, and a dedicated main-floor office within 2,312 square feet of finished space. Perfectly situated on a spacious .55-acre lot in town, this property features beautiful oak trim throughout and an incredible 3-car attached garage with a fantastic workspace. Families will love living just two blocks from the elementary school! Built in 1997, the home welcomes you with abundant natural light from beautiful skylights and premium Pella windows. The functional 3-level layout includes convenient washer and dryer hookups on both the main and upper floors, a central vac system, and a jacuzzi tub in main bath. Many gorgeous views of the surrounding area. The unfinished basement offers immense potential, featuring two egress windows ready for custom bedroom designs, plus plumbing already prepped for an additional bathroom. Whether you're relaxing on the expansive lot or utilizing the massive garage workspace, this property perfectly combines daily convenience with distinct, custom architecture.

2233 Lincoln Avenue, Hot Springs
$409,000
4 Beds ⋅ 180066 MLS
Listed with Denise Haden, CENTURY 21 ClearView Realty, (605) 890-0278. Discover this unique, custom-built 3-level A-frame home offering 4 bedrooms, 2 bathrooms, and a dedicated main-floor office within 2,312 square feet of finished space. Perfectly situated on a spacious .55-acre lot in town, this property features beautiful oak trim throughout and an incredible 3-car attached garage with a fantastic workspace. Families will love living just two blocks from the elementary school! Built in 1997, the home welcomes you with abundant natural light from beautiful skylights and premium Pella windows. The functional 3-level layout includes convenient washer and dryer hookups on both the main and upper floors, a central vac system, and a jacuzzi tub in main bath. Many gorgeous views of the surrounding area. The unfinished basement offers immense potential, featuring two egress windows ready for custom bedroom designs, plus plumbing already prepped for an additional bathroom. Whether you're relaxing on the expansive lot or utilizing the massive garage workspace, this property perfectly combines daily convenience with distinct, custom architecture.

2233 Lincoln Ave, Hot Springs
$429,900
4 Beds ⋅ 2 Baths ⋅ 89342 MLS
In the heart of Hot Springs; walk to the River Street area and enjoy all the restaurants and happenings; Moccasin Springs right down the street. This 4 bedroom/2 bathroom home has many upgrades and ample space. BEAUTIFUL kitchen remodel; subway tile backsplash, movable island; this is a must see! Open to the living room, great for entertaining. Large master bedroom on the main floor with its own bathroom. Main floor laundry. The basement bedroom is non-conforming and could also make office space, work out area, or extra storage. There is plenty of storage in this home! Small loft on the second story for tv watching/gaming (couch and entertainment will stay). Huge, detached garage, plus plenty of parking spots in the back of the property for a camper, etc. No HOA/covenants in this subdivision. HUGE yard, enjoy the outdoors right in town. Original home built in 1923; addition built in 1984. A 50' well is available that runs the sprinkler system for the lawn. Chicken coop included and chickens can stay if the buyer would like. Roof and gutters replaced in fall of 2025.

2138 Minnekahta Avenue, Hot Springs
$419,900
3 Beds ⋅ 179590 MLS
This 3-bedroom one bathroom home is located just a few miles from Hot Springs near Angostura Lake. It has a total of 5 acres with no covenants, such beautiful views, and fruit trees, there is so many options for use of this space. New septic, water heater and newer roof and some new windows. Home is hooked up to rural water and well for watering grounds. Very large jack-n-jill style bathroom with laundry hook up. This property is owned by family of realtor.

27932 Hwy 385, Hot Springs
$439,900
2 Beds ⋅ 2 Baths ⋅ 89089 MLS
Nestled along the Southern Hills Golf Course and tucked against a backdrop of mature pine trees, this beautifully maintained executive one-level 2-bedroom, 2-bath townhome offers the perfect blend of privacy, comfort, and low-maintenance Black Hills living. Situated in a quiet, low-traffic location, the home features durable LP SmartSide siding, a newer roof, attractive curb appeal, and inviting outdoor living spaces designed for relaxation and convenience. Inside, you'll find fresh paint and new luxury vinyl flooring throughout, creating a bright, updated feel. The open-concept floor plan seamlessly connects the kitchen, dining area, and living room, making it ideal for both entertaining and everyday living. The kitchen showcases beautiful hickory cabinetry, granite countertops, and abundant workspace. The spacious primary suite serves as a private retreat with a large walk-in closet and an ensuite bath featuring double copper sinks and a walk-in shower. A second bedroom offers comfortable accommodations for guests and also includes a generous walk-in closet. The laundry room is conveniently equipped with a utility sink, and the attached two-car garage provides ample space for vehicles, storage, and golf course essentials. Step outside to enjoy your Black Hills setting from the private patio, complete with a custom pergola, outdoor fireplace, attractive retaining wall, mature landscaping, and privacy fencing—perfect for relaxing with a morning coffee or entertaining.

2124 Bison Pass, Hot Springs
$475,000
89045 MLS
This charming, historic building, located along the picturesque North River Street corridor, offers excellent customer accessibility in the heart of Hot Springs’ vibrant downtown district. Known for its distinctive sandstone architecture, soothing mineral springs, and therapeutic waters, this area is also home to a delightful mix of local shops, restaurants, and entertainment. The main level has long served as a cozy café and coffee shop, while the second-floor apartment is currently undergoing a complete remodel, presenting an exciting opportunity for customization. Offered for sale by the owners, this prime commercial real estate is zoned for commercial use and offers incredible versatility. Whether continuing a restaurant venture, launching a new retail business, or exploring other entrepreneurial possibilities, this space provides a solid foundation for success. The sale includes real estate only; business operations, FF&E (furniture, fixtures, and equipment), and inventory are not included, though they can be negotiated separately. A gateway to outdoor adventures, Hot Springs is perfectly positioned for exploration of the surrounding Black Hills region, with attractions like Wind Cave National Park, Custer State Park, and the Mammoth Site just a short drive away. Listed by Randy Olivier, RE/MAX Advantage, 605-430-6246.

509 N River Street, Hot Springs
$475,000
179468 MLS
This charming, historic building, located along the picturesque North River Street corridor, offers excellent customer accessibility in the heart of Hot Springs’ vibrant downtown district. Known for its distinctive sandstone architecture, soothing mineral springs, and therapeutic waters, this area is also home to a delightful mix of local shops, restaurants, and entertainment. The main level has long served as a cozy café and coffee shop, while the second-floor apartment is currently undergoing a complete remodel, presenting an exciting opportunity for customization. Offered for sale by the owners, this prime commercial real estate is zoned for commercial use and offers incredible versatility. Whether continuing a restaurant venture, launching a new retail business, or exploring other entrepreneurial possibilities, this space provides a solid foundation for success. The sale includes real estate only; business operations, FF&E (furniture, fixtures, and equipment), and inventory are not included, though they can be negotiated separately. A gateway to outdoor adventures, Hot Springs is perfectly positioned for exploration of the surrounding Black Hills region, with attractions like Wind Cave National Park, Custer State Park, and the Mammoth Site just a short drive away. Listed by Randy Olivier, RE/MAX Advantage, 605-430-6246.

509 N River St, Hot Springs
$465,000
3 Beds ⋅ 179091 MLS
Bring us an offer! 2.72 acres with a 2018 zero-entry, ADA-accessible single-level home just outside Hot Springs. Combinations like this are becoming increasingly difficult to find in the southern Black Hills. Located in Cobblestone Mountain Estates roughly one mile north of town off Highway 385, this property offers the balance buyers keep chasing, space, privacy, views, and convenience without feeling disconnected. Inside, the home offers 1,555 sq ft with 3 bedrooms, 2 bathrooms, vaulted ceilings, walk-in closets, low-maintenance flooring, and an open single-level layout designed for practical everyday living. The primary suite adds comfort and privacy, while multiple mini split systems, Cove heat, an on-demand gas water heater, and a whole-house water filtration system add everyday efficiency. The home sits on a slab foundation and includes an attached finished 2-car garage. Outside, the 2.72-acre lot provides usable space, Black Hills views from nearly every window, and a low-covenant setting that gives the property breathing room without putting you far from town. Hospital, VA, schools, groceries, and downtown Hot Springs are all just minutes away. For buyers looking for acreage, accessibility, newer construction, and easy year-round living near Hot Springs, this one checks boxes that rarely show up together. Listed by Henry Ulrich, Ascend Realty, 605-490-2040.

12929 Sapphire Ln, Hot Springs
$465,000
3 Beds ⋅ 2 Baths ⋅ 88736 MLS
Bring us an offer! 2.72 acres with a 2018 zero-entry, ADA-accessible single-level home just outside Hot Springs. Combinations like this are becoming increasingly difficult to find in the southern Black Hills. Located in Cobblestone Mountain Estates roughly one mile north of town off Highway 385, this property offers the balance buyers keep chasing, space, privacy, views, and convenience without feeling disconnected. Inside, the home offers 1,555 sq ft with 3 bedrooms, 2 bathrooms, vaulted ceilings, walk-in closets, low-maintenance flooring, and an open single-level layout designed for practical everyday living. The primary suite adds comfort and privacy, while multiple mini split systems, Cove heat, an on-demand gas water heater, and a whole-house water filtration system add everyday efficiency. The home sits on a slab foundation and includes an attached finished 2-car garage. Outside, the 2.72-acre lot provides usable space, Black Hills views from nearly every window, and a low-covenant setting that gives the property breathing room without putting you far from town. Hospital, VA, schools, groceries, and downtown Hot Springs are minutes away. For buyers looking for acreage, accessibility, newer construction, and easy year-round living near Hot Springs, this one checks boxes that rarely show up together. Listed by Henry Ulrich, Ascend Realty, 605-490-2040. Schedule your showing!!

12929 Sapphire Lane, Hot Springs
$459,900
178868 MLS
Discover 44.91 acres of pure Black Hills beauty—heavily forested with a stunning mix of hills, meadows, draws, and long-range views. This rare tract offers exceptional privacy and direct access to the National Forest, giving you thousands of additional acres right out your back door. Power is to the lot line, rural water is in progress, and with NO COVENANTS, you have the freedom to build, camp, or create your dream retreat without restrictions. Wildlife is abundant, the setting is serene, and you’re only 15 minutes from both Wind Cave National Park and Custer State Park. A one-of-a-kind opportunity for those seeking seclusion, recreation, and proper Black Hills living.

Tract 6E Northview Dr Northwind Drive, Hot Springs
$459,900
88518 MLS
Discover 44.91 acres of pure Black Hills beauty—heavily forested with a stunning mix of hills, meadows, draws, and long-range views. This rare tract offers exceptional privacy and borders the National Forest, giving you thousands of additional acres right out your back door. Power is to the lot line, rural water is in progress, and with NO COVENANTS, you have the freedom to build, camp, or create your dream retreat without restrictions. Wildlife is abundant, the setting is serene, and you’re only 15 minutes from both Wind Cave National Park and Custer State Park. A one-of-a-kind opportunity for those seeking seclusion, recreation, and true Black Hills living.

Tract 6E Northwind Dr, Hot Springs
$480,000
5 Beds ⋅ 3 Baths ⋅ 88354 MLS
GREAT LOCATION! AMPLE SPACE! CUTE AS CAN BE! Step into a home that truly has room for it all—space, comfort, and versatility wrapped into one impressive property. Offering over 4,000 sq. ft. of thoughtfully-designed living space, w/an inviting eat-in kitchen, formal dining room, lovely living room spilling in natural light, plus 3 generously-sized beds & 2 baths. The master bedroom is a standout retreat, complete w/an ENORMOUS walk-in closet that provides both functionality & a touch of luxury. Above the garage is a sprawling family room/play room w/deck access. Adding even more value & flexibility is the spacious 1,230 sq. ft. BASMENT APARTMENT w/its own entrance, featuring 2 beds, 1 bath & its own washer & dryer area. Could be used as an income-producing rental, guest quarters, or private space for extended family. Outdoor living is just as inviting, w/multiple spaces designed to suit any occasion. Sip your morning coffee on the charming covered front porch, host summer gatherings on the side or back patios, or unwind on the newer HUGE Trex deck — perfect for taking in peaceful surroundings. The fully fenced backyard offers a secure & convenient space for pets or play. Situated on a central lot in a desirable location, just one block from the school. With its generous layout & multi-functional design, this property is perfectly suited for those seeking a primary residence w/added income potential or a seamless multi-generational living arrangement. COME TAKE A LOOK!

146 S 16th Street, Hot Springs
$479,000
178495 MLS
Hot Springs area Development Opportunity. This property offers a rare opportunity to acquire 9 acres adjacent to the Southern Hills Golf Course. This acreage offers an excellent potential for several private home sites, townhouses, apartment building, restaurant/commercial enterprise. Bring your dream. There are some wonderful views of the Golf Course and oh the long-distance views! This acreage at one time held the location of a Clubhouse for the Golf Course. Building is long gone but the old cart shed still stands, although in disrepair. This offer includes 4 separate parcels (9.16 acres) that will sell as one. Seller will not subdivide. There is one .55 acre sliver that is within the city limits and could potentially offer the opportunity to access the golf course from your property. The remaining land is in the county with NO COVENANTS. City utilities are not available to this property. Electric to the property. Previous sewer and water utilities have been inactive for over 35 years and seller has no further information on it. Developers - Previous preliminary plats from earlier concept ideas availale for review. For more information on the Southern Hills Golf Course visit hotspringssdgolf.com.

TBD Clubhouse Rd, Hot Springs
$479,000
88240 MLS
Hot Springs Development Opportunity – 9+ Acres Adjacent to Southern Hills Golf Course. Seize this rare chance to own 9.16 acres of prime land directly bordering the scenic Southern Hills Golf Course in Hot Springs, SD. With breathtaking fairway views and sweeping long-distance vistas, this property offers endless potential for your vision — whether that’s private home sites, townhomes, apartments, a restaurant, or a unique commercial venture. Once home to the golf course clubhouse, the land still holds the old cart shed (in disrepair), adding a touch of history to the site. The offering includes four separate parcels sold together — seller will not subdivide. Highlights: 9.16 acres total (4 parcels) Adjacent to Southern Hills Golf Course One .55-acre parcel within city limits — potential golf course access Remaining acreage in the county with NO COVENANTS. Electric to property. Previous water/sewer utilities inactive for 35+ years (no guarantees). City utilities not available. This is a blank canvas for developers, investors, or visionaries looking to create something truly special in the Hot Springs area. Contact: Cathy Mosset, Heartland Real Estate, Listing Agent – 605-890-1066 Learn more about the golf course: hotspringssdgolf.com

TBD Clubhouse Road, Hot Springs
$499,000
3 Beds ⋅ 2 Baths ⋅ 87650 MLS
Welcome to Hot Springs! Here we have both 406 & 410 S Chicago Street for sale for one price! 3 beds 2 baths this house was built in 1889 and built to LAST! There are so many historic features to this home you must come see! These properties are right on S Chicago Street so you are able to have "mixed use" as its formally been a plumbers office in the shop and their home for the house. Call LA Resa Rutz at 605-891-1298 to find out more information. Sellers are looking at all offers! There are not too many Main Street homes/business opportunities out there so do not let this one slip by!

410 & 406 S Chicago Street, Hot Springs
$450,000
172969 MLS
This spacious 2.74-acre property located in Hot Springs, SD offers a unique opportunity with a combination of a warehouse and a manufactured home. (currently rented) The property features a well-maintained warehouse with 6180 sq ft, perfect for storage, business operations, or various commercial uses. The mobile home provides a comfortable living space with a cozy layout, ideal for on-site living or rental income. The expansive acreage offers plenty of room for expansion, outdoor activities, or potential development. With its prime location in Hot Springs, this property blends functionality and convenience, making it a great investment in a growing area. Property brings in rental money from home and signage due to corner lot visibility. Built in 1956 this location has been used for a warehouse trucking site and other businesses during it's tenure. Bring your commercial or investing ideas and create your future dreams in to an amazing possibility in the beautiful Southern Black Hills!

12932 Badger Clark Rd, Hot Springs
$400,000
3 Beds ⋅ 168107 MLS
This property has many opportunities for investment. Owner has accessed two underground springs. Located near Moccasin Springs. Owners are currently working on improvements.

1740 Minnekahta Ave, Hot Springs
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