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

Tucked away at the very end of Valley View Drive, just outside the Hot Springs city limits, this beautiful 11.11-acre property offers privacy, convenience and breathtaking Black Hills views! Surrounded by trees with gorgeous scenery in every direction, you'll feel miles away while being just minutes from town. This spacious 5-bedroom, 2.5-bath home features an open kitchen, dining and living area with access to a private backyard and large concrete patio, perfect for entertaining or enjoying the peaceful surroundings. The primary suite features a beautifully remodeled bathroom, completed in 2025, with double sinks and a generous walk-in closet. A second kitchen and dining area within the home, complete with its own entrance and adjoining bedroom, offers flexibility for guests or extended family. The oversized, finished 2-car garage includes a half bath and a 13x28 bonus room above, ideal for hobbies or additional workspace. A detached shed offers storage for tools and gardening equipment or potential to finish into a hobby space. Additional features include main-floor laundry, a paved driveway and shared community well. With 11.11 wooded acres to explore, beautiful outdoor gathering spaces and an end-of-the-road location that's hard to find, this property offers an incredible opportunity to enjoy the best of Black Hills living!

27427 Valley View Dr, Hot Springs

$499,900

3 Beds ⋅ 181512 MLS

Charming Lake-View Cabin Retreat on 5 Acres Welcome to your ultimate outdoor paradise! Situated on 5 private acres overlooking the stunning Angostura Reservoir, this 2021-built cabin combines modern luxury with rugged adventure. Property Highlights: Bedrooms & Bath: 3 bedrooms (including a spacious upper-level loft) and 1 bathroom featuring a luxurious, large soaking tub. Interior Finishes: Beautiful hardwood floors, soaring vaulted ceilings, and custom cabinetry throughout the open-concept living space. Outdoor Living: A maintenance-free wrap-around deck designed to capture breathtaking lake and prairie views. Extras: A heated 24x16 detached garage, a 200-amp RV hookup for guests or traveling gear, and main-level laundry. Whether you are looking for a peaceful year-round residence, a weekend getaway, or a turnkey investment property (currently utilized successfully as a VRBO), this home delivers. Enjoy unbeatable proximity to the water with easy access to the beach, lake recreation, and public hunting grounds.

13166 E Southshore Rd, Hot Springs

$400,000

3 Beds ⋅ 181319 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

$400,000

2 Beds ⋅ 90577 MLS

**OPEN HOUSE - Saturday, October 24th 2-4pm** Enjoy golf course living with beautiful views of the Southern Hills Golf Course and surrounding Hills! This well-maintained one-level townhome is located adjacent to the golf course, with views of the 17th fairway from the patio. Built in 2017, this 2-bedroom, 2-bath home offers an inviting open-concept layout with a spacious living room, dining area, and kitchen. The kitchen features hickory cabinetry, granite countertops, and stainless steel appliances. The spacious primary suite includes a large walk-in closet, dual sinks, and a walk-in shower, while the second bedroom also offers a generous walk-in closet. A convenient laundry/mudroom connects to the attached 2-car garage. Enjoy low-maintenance outdoor living with lawn, rock landscaping, two concrete patios, and an outdoor propane fireplace—perfect for relaxing or entertaining while taking in the golf course views. The insulated and finished 26' x 23' garage includes a workshop area with a built-in workbench. A new roof with Class 4 shingles was installed in 2023. Additional recent updates include a water heater and built-in microwave and stove/oven, all less than two years old, plus a new screen door and handrail at the back steps. The City maintains the roads and provides snow removal. If you're looking for comfortable one-level living in a beautiful golf course setting, this one is worth a look!

2397 Fern Cr, Hot Springs

$400,000

2 Beds ⋅ 2 Baths ⋅ 90577 MLS

Enjoy golf course living with beautiful views of the Southern Hills Golf Course and surrounding Hills! This well-maintained one-level townhome is located adjacent to the golf course, with views of the 17th fairway from the patio. Built in 2017, this 2-bedroom, 2-bath home offers an inviting open-concept layout with a spacious living room, dining area, and kitchen. The kitchen features hickory cabinetry, granite countertops, and stainless steel appliances. The spacious primary suite includes a large walk-in closet, dual sinks, and a walk-in shower, while the second bedroom also offers a generous walk-in closet. A convenient laundry/mudroom connects to the attached 2-car garage. Enjoy low-maintenance outdoor living with lawn, rock landscaping, two concrete patios, and an outdoor propane fireplaceâperfect for relaxing or entertaining while taking in the golf course views. The insulated and finished 26' x 23' garage includes a workshop area with a built-in workbench. A new roof with Class 4 shingles was installed in 2023. Additional recent updates include a water heater and built-in microwave and stove/oven, all less than two years old, plus a new screen door and handrail at the back steps. The City maintains the roads and provides snow removal. If you're looking for comfortable one-level living in a beautiful golf course setting, this one is worth a look!

2397 Fern Circle, Hot Springs

26951 Battle Mountain Parkway, Hot Springs

$449,000

3 Beds ⋅ 2 Baths ⋅ 90459 MLS

If youâve been waiting for acreage, views and room to breathe, this one deserves a look! Situated on 5.40 beautiful acres, this approximately 2,000 sq. ft. home offers incredible views in multiple directions and plenty of space for horses, livestock and country living. The main level features 3 bedrooms and 1 bathroom, including a spacious primary bedroom with a large walk-through closet leading directly to the bathroom. Main-floor laundry adds convenience, and the home has a comfortable, functional layout. The partially finished lower level offers even more potential with a kitchenette, commode, shower already in place, and an additional bedroom framed in. Finish the space to fit your needs, whether that means additional living space, guest quarters, a recreation area or something entirely your own. Outside is where this property really shines. The 5.40 acres include cross fencing for horses, plenty of pasture space and a 20x20 lean-to for animal shelter. Toward the back of the property, a fire pit creates the perfect place to sit, take in the views and enjoy just how peaceful this setting really is. windows that are broken are scheduled to be replaced. 26951 Battle Mountain Parkway 5.40 Acres Approx. 2,000 Sq. Ft. 3 Bedrooms + Additional Framed Bedroom Horse/Livestock Setup Cross Fenced 20x20 Lean-To Partially Finished Lower Level Beautiful Views This is the kind of property thatâs hard to appreciate from the numbers alone. 605-891-1298

26951 Battle Mountain Parkway, Hot Springs

$409,000

3 Beds ⋅ 2 Baths ⋅ 90387 MLS

Listed by Holly Pierson, 605-641-4425, Keller Williams Realty BH. Rare opportunity to own a CREEKSIDE home on 1 acre in the Black Hills! Located just outside Hot Springs with NO COVENANTS, this extensively remodeled one-level home offers privacy, space and Fall River right in your backyard. Inside, pine tongue-and-groove walls and ceilings and a wood-burning stove create a warm, inviting living space. The spacious kitchen features custom hickory cabinetry, breakfast bar, LVT flooring and updated black appliances. Three bedrooms include a primary suite with private bath and additional bonus space. Both bathrooms have been beautifully updated with new vanities, showers and flooring. Step outside to the covered, maintenance-free back deck overlooking Fall River and a peaceful yard with mature trees, plus fruit trees out front. Property features an oversized 26x36 garage with 220V service, 50-amp and 30-amp RV hookups, chicken coop and massive 11x32 storage shed. Major improvements include hardboard siding, new roof (2024), tankless water heater (2025), propane furnace (2019), reverse osmosis system, water softener and blacktop driveway. Manufactured home is too old for traditional conventional financing or a âHud Certificateâ. Foundation is concrete blocks. One garage door opener is inoperable. Small cellar with additional storage houses well pressure tank and water softener. FEMA map does not show home in flood plain. Buyer and buyer's agent to verify MLS info and measurements

13115 Wild Turkey Lane, 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

$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

1 Beds ⋅ 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 Rd, Hot Springs

$439,900

2 Beds ⋅ 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 fencingâ€”perfect for relaxing with a morning coffee or entertaining.

2124 Bison Pass, Hot Springs

$499,000

3 Beds ⋅ 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

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

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

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Pioneer Properties SD, Adam Johnson RE

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