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Browse All Hot Springs SD Between $500K - $600K Properties for Sale

$565,000
3 Beds ⋅ 180843 MLS
Listed by Jake Trujillo, Black Hills Realty, 605-593-1715. Welcome to 12908 Argyle Rd in Hot Springs. Hilltop ranch with pine views, a covered deck, and room to spread out. 3 bed, 3 bath home on 15.22 acres. List price is for the home and approximately 7.22 acres. Buyer may purchase the remaining acreage for additional consideration. If Buyer wants only the home tract, Seller will survey and replat that portion before closing. Wake up to the Hills from the main living area and primary suite. Covered front deck for morning coffee, private deck off the primary bedroom, and a lower patio tucked into the hillside. Updated flooring throughout, main-level laundry, and an easy one-level layout. Lower level adds a family room, a 3rd bedroom, bonus sleeping area, and a full bath already set up for guests. Newer 700-ft well tied to a holding tank, water softener, and pump. 36×28 detached garage (2019) with extra parking and a pergola. Property is fenced for horses and sits in the pines above town. Currently operated as a furnished short-term rental and can convey furnished. Buyer to verify any land split, well and septic locations, access, taxes, and short-term rental rules.

12908 Argyle Rd, Hot Springs
$525,000
89973 MLS
20 acres. No covenants. Private and pristine acreage within Cobblestone Mountain Subdivision but not restricted. Only 2 miles from Hot Springs and just over the hill from Cold Brook Reservoir. Borders US Government Corps of Engineers land. Buildings include 24x48 garage and a 20x40 greenhouse. 2- 50 amp. RV hookups with water and sewer. Utilities include an excellent private well, rural water in public road to lot line. 480 V electrical panel. Septic and fiber optic. This property is one of the most unique and versatile properties in the southern black hills. Property has landscapes of meadows and forest. The possibilities are endless. This property can be further subdivided, used for a tree or plant nursery, private retreat, small farm or a campground. The cream of the crop. Developers of the Cobblestone Mountain Estates Subdivision retained this parcel for their private use and have made many improvements so they could return to the beautiful black hills to camp and enjoy! First time offered. Don't miss out on your dream property to utilize how you wish. Quite a gem and a rare find.

Hot Springs
$542,000
3 Beds ⋅ 89804 MLS
Listed by Denise Haden, CENTURY 21 ClearVeiw Realty, (605) 890-0278. Welcome to your own private paradise! Nestled on 1.63 acres of lush, mature trees and complete, meticulous landscaping, this beautiful 2,016-square-foot home perfectly balances elegant indoor living with the breathtaking great outdoors. Step inside to discover a spacious 3-bedroom, 2-bathroom layout illuminated by large windows that flood every room with an abundance of warm, natural lighting. It is a ranch level home that is handicap accessible. It also has its very own well and septic. The heart of the home opens up to stunning, sweeping hill and rock views, providing a picturesque backdrop for everyday living. Car enthusiasts and hobbyists will love the 2-stall oversized garage, offering plenty of space for vehicles, tools, and extra storage. Outdoor living is a dream with 2 expansive decks designed for entertaining guests, hosting summer barbecues, or simply relaxing while watching local wildlife roam gracefully through your yard. Adding even more charm to this property is an adorable outbuilding fully equipped with its own deck, heating, and air conditioning and internet. "Work from home in the most beautiful quiet place on earth." tiny cabin/shed is just waiting for a water and sewer source! This property truly embodies the natural beauty and tranquility of country living while offering all the modern comforts you desire. Don't miss your chance to own this slice of heaven where nature meets luxury!

27532 Todd Drive, Hot Springs
$559,000
3 Beds ⋅ 87704 MLS
Just inside the southernmost Custer County line along Highway 385 sits this newly assembled Southern Black Hills Horse Property completely move in ready and comes well equipped. Built in 2025 is the spacious and completely upgraded 3-bedroom 2-bathroom modular home sitting on the largest and cleanest walkout crawlspace I have ever seen. Throughout the home you will find custom touches such as the Hickory Cabinets, solid core wood doors, beautiful vinyl flooring, trayed ceilings, built in shelving, and a primary suite fit for royalty. The large back deck overlooks the firepit area for entertaining on those gorgeous summer nights, and your very own "river break" drainage through the center of the lot that leads to an active spring on the southern end. This area is perfect wildlife habitat or protection for your critters and is easily traversed to get to the eastern part of this expansive 13.11-acre parcel. There is also a 12x36 storage shed with overhead door, and a 3-sided garage with horse shelter on the rear with two large corrals all set up adjacent. Your water needs are met with rural water in place as well. Perfect location just minutes in between the beautifully revamped Hot Springs downtown and Wind Cave Park. Also available for purchase is the neighboring 5.69 acre parcel, MLS #87706, to the south bordering Ridgeview Springs Road just inside Fall River County.

27094 Highway 385, Hot Springs
$525,000
89973 MLS
20 acres. No covenants. Private and pristine acreage within Cobblestone Mountain Subdivision but not restricted. Only 2 miles from Hot Springs and just over the hill from Cold Brook Reservoir. Borders US Government Corps of Engineers land. Buildings include 24x48 garage and a 20x40 greenhouse. 2- 50 amp. RV hookups with water and sewer. Utilities include an excellent private well, rural water in public road to lot line. 480 V electrical panel. Septic and fiber optic. This property is one of the most unique and versatile properties in the southern black hills. Property has landscapes of meadows and forest. The possibilities are endless. This property can be further subdivided, used for a tree or plant nursery, private retreat, small farm or a campground. The cream of the crop. Developers of the Cobblestone Mountain Estates Subdivision retained this parcel for their private use and have made many improvements so they could return to the beautiful black hills to camp and enjoy! First time offered. Don't miss out on your dream property to utilize how you wish. Quite a gem and a rare find.

Hot Springs
$550,000
3 Beds ⋅ 180431 MLS
Rare listing, end of the road property. The property offers two homes! Welcome to this two bedroom one bathroom home that has been fully updated with exceptional care to all the details. The front home has been used as a vacation rental in the summer with very successful results. The upper home has just been renovated and offers a magical tree house feel, with a very private backyard. It is a one bedroom, one bathroom home. The home has a 2 car garage and a large storage shed. This is an exceptional property! Come take a look!

712 Other 712 Sulphur Springs St, Hot Springs
$542,000
3 Beds ⋅ 2 Baths ⋅ 89804 MLS
Listed by Denise Haden, CENTURY 21 ClearVeiw Realty, (605) 890-0278. Welcome to your own private paradise! Nestled on 1.63 acres of lush, mature trees and complete, meticulous landscaping, this beautiful 2,016-square-foot home perfectly balances elegant indoor living with the breathtaking great outdoors. Step inside to discover a spacious 3-bedroom, 2-bathroom layout illuminated by large windows that flood every room with an abundance of warm, natural lighting. It is a ranch level home that is handicap accessible. It also has its very own well and septic. The heart of the home opens up to stunning, sweeping hill and rock views, providing a picturesque backdrop for everyday living. Car enthusiasts and hobbyists will love the 2-stall oversized garage, offering plenty of space for vehicles, tools, and extra storage. Outdoor living is a dream with 2 expansive decks designed for entertaining guests, hosting summer barbecues, or simply relaxing while watching local wildlife roam gracefully through your yard. Adding even more charm to this property is an adorable outbuilding fully equipped with its own deck, heating, and air conditioning and internet. "Work from home in the most beautiful quiet place on earth." tiny cabin/shed is just waiting for a water and sewer source! This property truly embodies the natural beauty and tranquility of country living while offering all the modern comforts you desire. Don't miss your chance to own this slice of heaven where nature meets luxury!

27532 Todd Drive, Hot Springs
$550,000
89071 MLS
Exceptional income-producing investment opportunity in the heart of Hot Springs! This multifamily property features eight furnished efficiency apartment units designed for convenience, comfort, and low-maintenance ownership. Each unit includes a kitchenette with updated hickory cabinetry and countertops, countertop stove, microwave, refrigerator, and furnishings including a bed, TV, and desk or dresser, making them move-in ready for tenants. Ideally situated next to a grocery store and within walking distance of restaurants, entertainment, banking, and the scenic Fall River walking path, this property offers a highly desirable location that attracts long-term and short-term renters alike. The combination of furnished units, practical amenities, and a central location provides strong rental appeal and consistent income potential. Whether you're looking to expand your portfolio or acquire a turnkey investment property, this well-positioned multifamily offering presents an outstanding opportunity in a growing Black Hills community.

603 Jensen Highway, Hot Springs
$550,000
88935 MLS
Exceptional income-producing investment opportunity in the heart of Hot Springs! This multifamily property features eight furnished efficiency apartment units designed for convenience, comfort, and low-maintenance ownership. Each unit includes a kitchenette with updated hickory cabinetry and countertops, countertop stove, microwave, refrigerator, and furnishings including a bed, TV, and desk or dresser, making them move-in ready for tenants. Ideally situated next to a grocery store and within walking distance of restaurants, entertainment, banking, and the scenic Fall River walking path, this property offers a highly desirable location that attracts long-term and short-term renters alike. The combination of furnished units, practical amenities, and a central location provides strong rental appeal and consistent income potential. Whether you're looking to expand your portfolio or acquire a turnkey investment property, this well-positioned multifamily offering presents an outstanding opportunity in a growing Black Hills community.

603 Jensen Highway, Hot Springs
$539,000
4 Beds ⋅ 2 Baths ⋅ 88641 MLS
Discover the perfect blend of style, space, and serenity at 13376 Waterview Rd, located just minutes from beautiful Angostura Reservoir. This stunning, fully remodeled single-level home offers nearly 1,800 sq ft of high-quality finishes throughout, featuring 3 bedrooms, 2 bathrooms, and an inviting, open-concept layout. Sitting on almost 6 acres, the property delivers peaceful privacy, room to roam, and gorgeous lake views. The incredible 40x50 heated shop with 16’ side walls is ideal for storing boats, RVs, toys, or extra entertaining space. Whether you’re seeking a full-time residence, a vacation getaway, or an investment opportunity, this property checks every box...it has a strong history of Airbnb income while also being perfect for personal use. Don't miss out on this amazing lake opportunity!

13376 Waterview Road, Hot Springs
$539,000
3 Beds ⋅ 178994 MLS
Discover the perfect blend of style, space, and serenity at 13376 Waterview Rd, located just minutes from beautiful Angostura Reservoir. This stunning, fully remodeled single-level home offers nearly 1,800 sq ft of high-quality finishes throughout, featuring 3 bedrooms, 2 bathrooms, and an inviting, open-concept layout. Sitting on almost 6 acres, the property delivers peaceful privacy, room to roam, and gorgeous lake views. The incredible 40x50 heated shop with 16’ side walls is ideal for storing boats, RVs, toys, or extra entertaining space. Whether you’re seeking a full-time residence, a vacation getaway, or an investment opportunity, this property checks every box...it has a strong history of Airbnb income while also being perfect for personal use. Don't miss out on this amazing lake opportunity!

13376 Waterview Rd, Hot Springs
$535,000
3 Beds ⋅ 178938 MLS
Located alongside the Southern Hills Golf Course. This quality-built 1,626 sq. ft. ranch-style home offers 3 bedrooms, 2 bathrooms, and a 2-car garage with true one-level, zero-entry living — perfect for your forever home. High-end finishes include SmartSide Diamond Kote siding with stone accents, cedar covered porch, stamped concrete patios, Pella windows and doors, granite countertops, custom knotty pine cabinetry and trim, Bayer Built doors, and lifetime warranty Happy Feet flooring. The spacious kitchen comes complete with all appliances, plus reverse osmosis at the sink and refrigerator. The primary suite features a custom tiled shower and walk-in closet, while LED lighting and quality craftsmanship shine throughout. Builder can customize plans, offer additional lot options, solar packages, and optional 3-car garage upgrades. Call Holly Howie with Coldwell Banker Black Hills Legacy 605-786-5476

Other Fern Cr, Hot Springs
$599,900
88280 MLS
Looking for undeveloped city lots for sale in Hot Springs? Look no further! Resa Rutz, Realtor C21-Stevens can provide you with all the info you need. Contact her at 605-891-1298 for more details. This property is located in a highly accessible area in the city limits of Hot Springs and borders the city limit/county line. It's situated on the corner of University and 25th Street, right at the bypass, with possible entry ways/access on both Jennings and Lincoln Streets. With adjacent city water and sewer services, and power poles on the property, this is an ideal location for development. The property is suitable for a variety of uses, such as developing apartment buildings, a mobile home park, or building some tract housing. There is a real need for housing in Hot Springs and the Southern Black Hills area is highly sought out, making this an excellent investment opportunity. Whether you're an individual looking to build your dream home or a developer seeking your next project, these undeveloped city lots offer a prime location and plenty of potential. Contact Resa Rutz today to learn more! Please see video attached to this listing.

TBD University Avenue, Hot Springs
$559,000
3 Beds ⋅ 2 Baths ⋅ 87704 MLS
Just inside the southernmost Custer County line along Highway 385 sits this newly assembled Southern Black Hills Horse Property completely move in ready and comes well equipped. Built in 2025 is the spacious and completely upgraded 3-bedroom 2-bathroom modular home sitting on the largest and cleanest walkout crawlspace I have ever seen. Throughout the home you will find custom touches such as the Hickory Cabinets, solid core wood doors, beautiful vinyl flooring, trayed ceilings, built in shelving, and a primary suite fit for royalty. The large back deck overlooks the firepit area for entertaining on those gorgeous summer nights, and your very own "river break" drainage through the center of the lot that leads to an active spring on the southern end. This area is perfect wildlife habitat or protection for your critters and is easily traversed to get to the eastern part of this expansive 13.11-acre parcel. There is also a 12x36 storage shed with overhead door, and a 3-sided garage with horse shelter on the rear with two large corrals all set up adjacent. Your water needs are met with rural water in place as well. Perfect location just minutes in between the beautifully revamped Hot Springs downtown and Wind Cave Park. Also available for purchase is the neighboring 5.69 acre parcel, MLS #87706, to the south bordering Ridgeview Springs Road just inside Fall River County.

27094 Highway 385, Hot Springs
$540,000
3 Beds ⋅ 177772 MLS
Black Hills Paradise: 10 Acres of Pure Potential Looking for that "middle of everywhere" sweet spot? This immaculate 3-year-old home sits perfectly on the edge of the hills and canyons, exactly 21 miles from Custer and 21 miles from Hot Springs. Whether you’re a horse lover, a gardener, or just craving wide-open spaces, this property delivers: The Home: 3 Bed / 2 Bath — spotless and move-in ready. Outdoor Living: Massive front & rear decks for sunrises and stargazing. The Land: 10 versatile acres with beautiful views and easy blacktop road access. The Setup: 24x36 metal building, 20x25 carport, greenhouse, and lawn shed. From hobby farming to trail riding, the options here are endless. Stop dreaming about the Black Hills lifestyle and start living it. Mickelson trail just across the black top road. Wind caves a short drive away. Canyons and hiking trails close by Location: 21 miles to Custer / 21 miles to Hot Springs Message me or call [605-787-0152] to schedule a private tour! #BlackHillsRealEstate #SouthDakotaLiving #HorseProperty #Homesteading #CusterSD #HotSpringsSD #AcreageForSale

26869 Hwy 89, Hot Springs
$595,000
3 Beds ⋅ 3 Baths ⋅ 87481 MLS
UNIQUE 17-SIDED LAKEVIEW HOME. Situated on 5 acres on the south side of Angostura Lake, this Chesapeake Model Deltec Home is definitely unique and has great vistas of Angostura Lake and the surrounding area. 2910 square feet. 3 bedroom- 2 & 1/2 baths. Main floor office could be a non-conforming bedroom. Two bedrooms in basement are non-conforming. (No egress windows) Fireplace. Back-up generator. Detached 2-car garage. Carport. Quonset hut. Sellers own a total of 40 acres including this parcel. There is a cell tower located on the adjoining parcel and access to the cell tower is an easement through this 5-acre parcel.

13226 E Southshore Drive, Hot Springs
$595,000
3 Beds ⋅ 2 Baths ⋅ 87410 MLS
Listed by Shauna Sheets, KWBH, 605-545-5430. Enjoy the lake lifestyle without the lakefront price tag in this fantastic property less than a 1/4 mile from Angostura Reservoir! Built in 2021, this property is perfectly set up for days on the lake and easy living at home. An open layout allows the living room to flow into the kitchen and dining areas, creating space for everyday living and entertaining. The corner kitchen has leathered granite countertops, shaker-style soft-close cabinetry, Whirlpool appliances an island for seating. Convenient laundry room with utility sink just off the kitchen and enroute to the garage- great for keeping the lake sand contained! The primary suite has a comfortable bedroom with an ensuite bathroom with 2 sinks and a tiled walk-in shower. 2 additional bedrooms and 1 bathroom are great space for family or guests. The 8’ glass doors open to the nearly 800sqft of patio space for effortless indoor/outdoor living, complete with a gas grill hookup and firepit area—your new go-to spot for evening hangouts. The fully rocked yard means more time boating, fishing, and relaxing, and less time on upkeep. Enjoy space for your lake toys- the fully finished, 42'x36' garage has hot/cold water taps, in-floor drain, and two overhead doors (including a 14’6” door tall enough for a pontoon with the Bimini top up!). Full RV hookup for family or friends to join the fun. Located less than 1 mile from Long's boat ramp. Lake life can be yours year round- call today!

28280 Boaters Blvd, Hot Springs
$599,900
86788 MLS
Looking for undeveloped city lots for sale in Hot Springs? Look no further! Resa Rutz, Realtor C21-Stevens can provide you with all the info you need. Contact her at 605-891-1298 for more details. This property is located in a highly accessible area in the city limits of Hot Springs and borders the city limit/county line. It's situated on the corner of University and 25th Street, right at the bypass, with possible entry ways/access on both Jennings and Lincoln Streets. With adjacent city water and sewer services, and power poles on the property, this is an ideal location for development. The property is suitable for a variety of uses, such as developing apartment buildings, a mobile home park, or building some tract housing. There is a real need for housing in Hot Springs and the Southern Black Hills area is highly sought out, making this an excellent investment opportunity. Whether you're an individual looking to build your dream home or a developer seeking your next project, these undeveloped city lots offer a prime location and plenty of potential. Contact Resa Rutz today to learn more! Please see video attached to this listing.

TBD University Avenue, Hot Springs
$565,000
5 Beds ⋅ 5 Baths ⋅ 85818 MLS
Welcome to 346 N 17th Street! This remarkable historic home offers 5 bedrooms, 4 bathrooms, multiple office spaces, a den, formal dining room, and formal living room. Rich with character, it showcases original historic details throughout. On the third story, you’ll find a spacious 366 sq. ft. bonus room—perfect for a playroom, hobby area, or additional living space. The home’s yard is truly exceptional, ready for your garden dreams, and includes a root cellar in the basement for storing your harvest. An HVAC system provides comfort year-round, keeping the home warm in the winter and cool in the summer. In 2011, a 1,220 sq. ft. addition was added, featuring two bedrooms, a full bath, a large den, and a 16x30 deck ideal for outdoor entertaining. The detached 24x26 garage includes a tandem drive-through bay with automatic openers, providing both convenience and functionality. Enjoy the charm of the inviting front porch, where you can relax in your rocking chair and watch the neighborhood bustle. With the school just two blocks away, the location couldn’t be more ideal. This is the first time this historic home has been offered for sale in many years—don’t miss your chance to own a piece of local history! interior pictures coming soon.

346 N 17th Street, Hot Springs
$599,000
174621 MLS
Nestled just minutes from the serene shores of Angostura Reservoir in western South Dakota, this 5-acre parcel offers a rare opportunity to create your ideal getaway. Located in a private gated community near the southern edge of the Black Hills, the land is raw and ready—perfect for a permanent home, seasonal cabin, or short-term camping spot. With flat, buildable terrain and peaceful surroundings, it’s a haven for outdoor enthusiasts. Angostura Reservoir is one of the region’s hidden gems, known for its crystal-clear waters, gentle sandy beaches, and tranquil atmosphere. Unlike more crowded lakes, it offers a quiet escape for swimming, boating, and world-class fishing, with abundant walleye, bass, and crappie. Angostura also features hiking trails, disc golf, and a full-service marina, making it a well-rounded recreational hub without the bustle of heavy tourism. Whether you're building your dream home or looking for a peaceful spot to recharge, this versatile lot delivers both value and opportunity in one of South Dakota’s most scenic settings. Water and electric are already in place for you. The views are nothing short of spectacular with great views of the reservoir and the timbered Black Hills in the background. The beach has nice white sand with over a mile long and has about 20 feet of exposed sand area. The beach is one of the best on the lake with a very gradual slope that lends itself perfectly to swimming and recreational use.

TBD E Southshore Rd, Hot Springs
$599,000
85141 MLS
Nestled just minutes from the serene shores of Angostura Reservoir in western South Dakota, this 5-acre parcel offers a rare opportunity to create your ideal getaway. Located in a private gated community near the southern edge of the Black Hills, the land is raw and ready—perfect for a permanent home, seasonal cabin, or short-term camping spot. With flat, buildable terrain and peaceful surroundings, it’s a haven for outdoor enthusiasts. Angostura Reservoir is one of the region’s hidden gems, known for its crystal-clear waters, gentle sandy beaches, and tranquil atmosphere. Unlike more crowded lakes, it offers a quiet escape for swimming, boating, and world-class fishing, with abundant walleye, bass, and crappie. Angostura also features hiking trails, disc golf, and a full-service marina, making it a well-rounded recreational hub without the bustle of heavy tourism. Whether you're building your dream home or looking for a peaceful spot to recharge, this versatile lot delivers both value and opportunity in one of South Dakota’s most scenic settings. Water and electric are already in place for you. The views are nothing short of spectacular with great views of the reservoir and the timbered Black Hills in the background. The beach has nice white sand with over a mile long and has about 20 feet of exposed sand area. The beach is one of the best on the lake with a very gradual slope that lends itself perfectly to swimming and recreational use. Call Patty, Heartland 605 891 3829.

TBD E Southshore Rd, Hot Springs
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