Explore Hot Springs, SD Homes for Sale Between $400,000 to $500,000

Hot Springs, SD Homes for Sale Between $400,000 to $500,000 Map Search

Homes for Sale in Hot Springs, SD Between $400,000 to $500,000

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Welcome to your dedicated resource for Homes for Sale Between $400,000 to $500,000 in Hot Springs, SD. This page is your live portal for listings that match the exact homes for sale you demand, filtering out irrelevant properties to save you time. As local Hot Springs, SD agents, Pioneer Properties SD, Adam Johnson RE specializes in the unique market dynamics of this area, offering insights into amenities, home values, and investment potential. Start exploring the properties currently available between $400,000 to $500,000 below, or contact a local agent to discuss the details that matters most to your search.

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All Hot Springs, SD Homes for Sale Between $400,000 to $500,000

$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
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