Newest Homes for Sale in Lead, SD

Listed by Jeremy Kahler, KWBH | (605) 381-7500. Looking for a home that blends character with everyday function in all the right ways? Look no further. This classic Lead home is not lacking in unique design or historical charm. Step into the living room, where large windows fill the space with natural light and a cozy fireplace creates the perfect gathering spot. The kitchen is designed to impress, featuring a butcher block island with bar seating, ceiling-height cabinetry, and a pantry for added storage. A wood accent ceiling adds warmth and personality you wonât see every day. The main floor offers a spacious bedroom paired with a full bathroom and an impressive 11x12 closet, giving you the flexibility to make the space your own. A convenient half bath includes a laundry area with built-in cabinets to keep everything organized and efficient. Upstairs, youâll find additional bedrooms with stylish barn doors that add both privacy and character. The full bathroom feels like a retreat, complete with a walk-in shower and a clawfoot tubâblending modern comfort with timeless design. This home brings together thoughtful updates and unique details. Ready to make it yours? Call Jeremy Kahler at (605) 381-7500 to schedule your showing.

204 Park Avenue, Lead

$579,900

6 Beds ⋅ 178562 MLS

Few properties in the Black Hills can offer what this one does — sweeping views of the Hills, genuine space for large groups, and a fully furnished, income-ready setup in one of the region's most proven short-term rental corridors. Set in the heart of Terry Peak Area, this six-bedroom, three-bath home spans over 3,200 finished square feet across three well-designed levels. The character starts the moment you step inside — original wood floors run throughout, bringing that warm, authentic mountain cabin feel that guests absolutely love and photos never fully capture. The main living area is expansive and inviting, anchored by a gas fireplace and flowing directly out to multi-level decks where the Black Hills scenery takes center stage. A private hot tub rounds out the outdoor experience. Six spacious bedrooms across three levels means families, reunions, and retreat groups all have their own private space, and with plenty of off-street concrete parking, even a full house arrives with ease. The fully finished walkout basement doubles as a self-contained living zone with its own kitchen and dining area — a layout that drives occupancy and nightly rates. Everything is fully furnished and move-in ready. Properties with this combination of character, views, space, outdoor amenities, and turnkey income potential rarely surface in this market. Book your showing today — this one will not wait.

21179 Lookout Trail, Lead

$579,900

6 Beds ⋅ 3 Baths ⋅ 88266 MLS

Few properties in the Black Hills can offer what this one does â sweeping views of the Hills, genuine space for large groups, and a fully furnished, income-ready setup in one of the region's most proven short-term rental corridors. Set in the heart of Terry Peak Area, this six-bedroom, three-bath home spans over 3,200 finished square feet across three well-designed levels. The main living room is warm and expansive, anchored by a gas fireplace and flowing directly to covered and open decks where the Black Hills scenery takes center stage. Upstairs, a generous family room gives large groups exactly what they need â room to spread out, relax, and stay longer. Six spacious bedrooms across three levels means families, reunions, and retreat groups can all have their own private space without ever feeling crowded. The fully finished walkout basement doubles as a self-contained living zone with its own kitchen and dining area â a layout that STR operators know drives occupancy and nightly rates. Everything is fully furnished and move-in ready. Your guests can be booked before the ink dries. Properties with this combination of views, space, and turnkey income potential rarely surface in this market. Book your showing today â this one will not wait. Listed by Mathias Christians, Real Broker LLC, 605-920-1369

21179 Lookout Trail, Lead

$624,000

3 Beds ⋅ 2 Baths ⋅ 88255 MLS

Major Price Improvement! An exceptional opportunity to own this remarkable property. Call Cher Rhoades Oak & Key Realty 605.639.1158. Set along the banks of Spearfish Creek and surrounded by the natural beauty of Spearfish Canyon, this one-of-a-kind property offers a rare opportunity to own a home truly immersed in the landscape. With the creek bordering three sides, the setting is nothing short of extraordinaryâ¦ where the sound of flowing water becomes part of everyday life. This thoughtfully designed 3-bedroom, 2-bath home offers 2,174 sq. ft. of comfortable, one-level living. Inside, the expansive living room is anchored by a beautifully bricked fireplace and enhanced by a wet bar creating an inviting space to gather. Large windows frame the surrounding views and fill the home with natural light, seamlessly connecting the indoors with the beauty just beyond. The living space extends effortlessly outdoors to a spacious rear patio, complete with a hot tubâ¦ the perfect place to unwind while taking in the views of the creek and surrounding Black Hills. The kitchen and dining area offer both function and flow, while the oversized primary suite features a private bath and walk-in closet. Two additional bedrooms provide space for guests, family, or a home office. this property offers convenienceâ¦ just minutes from Lead, Deadwood, and Terry Peak Ski Area. Homes like this are rarely availableâ¦ where nature, setting, and lifestyle come together in a way that feels truly timeless.

21377 Us Highway 85, Lead

$624,000

3 Beds ⋅ 178511 MLS

Major Price Improvement! An exceptional opportunity to own this remarkable property at an incredible new price. Schedule your private showing today and discover the value this home has to offer. For a private tour and more information, contact Cher Rhoades @ Oak & Key Realty 605.639.1158 Set along the banks of Spearfish Creek and surrounded by the natural beauty of Spearfish Canyon, this one-of-a-kind property offers a rare opportunity to own a home truly immersed in the landscape. With the creek bordering three sides, the setting is nothing short of extraordinary… where the sound of flowing water becomes part of everyday life. This thoughtfully designed 3-bedroom, 2-bath home offers 2,174 sq. ft. of comfortable, one-level living. Inside, the expansive living room is anchored by a beautifully bricked fireplace and enhanced by a wet bar creating an inviting space to gather. Large windows frame the surrounding views and fill the home with natural light, seamlessly connecting the indoors with the beauty just beyond. The living space extends effortlessly outdoors to a spacious rear patio, complete with a hot tub… the perfect place to unwind while taking in the views of the creek and surrounding Black Hills. The kitchen and dining area offer both function and flow, while the oversized primary suite features a private bath and walk-in closet. Two additional bedrooms provide space for guests, family, or a home office. Located in Cheyenne Crossing, this property offers both privacy and convenience… just minutes from Lead, Deadwood, and Terry Peak Ski Area. Homes like this are rarely available… where nature, setting, and lifestyle come together in a way that feels truly timeless.

21377 Us Highway 85, Lead

$395,000

4 Beds ⋅ 2 Baths ⋅ 88252 MLS

Listed by Jeremy Kahler, KWBH, 605-381-7500. Spacious multi-level home overlooking Lead, SD with built-in equity potential! Set up as two separate living spaces, this property offers flexibility for rental income or multi-generational living. The main home is fully finished with 4 bedrooms, 2 bathrooms, and 1,344sqft with a 112sqft upper level loft bedroom with seating area and walk in closet. Youâll love the natural light, wood floors, and historic character throughout. Features include a large living room, dining area, and a remodeled kitchen with shaker-style cabinetry, soft-close drawers, quartz countertops, and stainless steel appliances. Bedrooms are generously sized with walk-in closets, plus a loft with a private bedroom, seating area, and walk-in closet. Basement access from the upper unit includes a 2nd bathroom with walk-in shower and private laundry. The separate lower level has secured access through the garage, has electricity and is framed/drywalled for a kitchen, living room, bedroom, bathroom, and laundryâready for your finishing touches. Additional highlights include an attached 2-car garage, maintenace free side deck, enclosed patio with great views, and low-maintenance rock landscaping. Added property updates include: new sewer line and new roof (2026).

37 1st Street, Lead

$850,000

3 Beds ⋅ 2 Baths ⋅ 88244 MLS

For more information, please contact listing agent Brandon Harvey (605) 920-9853 with Great Peaks Realty. Schedule a showing today of one of the most unique cabins offered for sale in the Black Hills. "Crate Escape's" sauna has been featured on Magnolia Network's series Building Outside the Lines. Situated on over 6 acres, NO covenants, a small creek, and not far from Terry Peak with easy access to Highway 85. This 3-bedroom, 2-bathroom cabin is 3 shipping containers connected and sitting on a concrete foundation. It features a detached shipping container sauna just off the large back deck. Spend your time relaxing as the exterior is very low maintenance being mostly made of metal. Great location for summer and winter recreational activities which adds to the rental potential.

11269 Terry Gulch Road, Lead

$1,099,900

5 Beds ⋅ 4 Baths ⋅ 88233 MLS

Set in the highly sought-after Powder House Pass community, this distinctive 5-bedroom retreat offers a seamless blend of modern design and proven rental performance. Offered fully furnished, this turnkey property is already producing strong income, with bookings secured into 2026âmaking it an exceptional opportunity for investors or those seeking a refined Black Hills getaway. Inside, clean lines, curated finishes, and thoughtful design create a warm, inviting atmosphere. The main living area is anchored by a striking slate fireplace, while an open staircase adds architectural interest without disrupting flow. Natural light enhances the homeâs elevated yet comfortable aesthetic. With over 3,400 sq. ft., the layout is ideal for hosting. The main level features 2 bedrooms, 2 bathrooms, and a dedicated office. The walk-out lower level offers 3 additional bedrooms and 2 bathrooms, creating multiple spaces for guests to gather and unwind. A wrap-around deck extends the living space outdoors, perfect for relaxing or entertaining in the Black Hills setting. Located minutes from Terry Peak and the Mickelson Trail, and directly across from the Powder House Pass clubhouse with heated pools, gathering spaces, and more. Strong guest reviews and repeat visitors highlight the homeâs welcoming appeal. To schedule a private tour, contact Cher Rhoades @ Oak & Key Realty 605.639.1158.

21310 Embers Way, Lead

$1,099,900

5 Beds ⋅ 178477 MLS

Set in the sought-after Powder House Pass community, this distinctive 5-bedroom retreat offers a unique blend of modern design and proven rental performance. Offered fully furnished, this turnkey property is already generating strong income, with bookings secured into 2026 making it an exceptional opportunity for both investors and those seeking a refined Black Hills getaway. Inside, the home features a thoughtfully designed layout with clean lines, curated finishes, and a warm, inviting feel throughout. The main living area is anchored by a striking slate fireplace, creating a cozy focal point, while an open staircase adds architectural interest and separation without sacrificing flow. Natural light and carefully selected design elements enhance the overall aesthetic. With over 3,400 sq. ft., the home is ideal for hosting. The main level includes 2 bedrooms, 2 bathrooms, and a dedicated office, while the walk-out lower level offers 3 additional bedrooms and 2 bathrooms—providing ample space for guests to gather and unwind. A wrap-around deck extends the living space outdoors, perfect for entertaining or relaxing in the surrounding Black Hills setting. Located just minutes from premier outdoor recreation including the Mickelson Trail and Terry Peak, the property also offers convenient access to the Powder House Pass clubhouse directly across the street, featuring a gathering area, kitchen, game room, and heated pools. Guest feedback consistently highlights the home’s comfortable, welcoming atmosphere, contributing to its strong rental history and repeat visitors. Whether you’re looking for a vacation home, investment property, or private retreat, this property delivers. To schedule a private tour, please contact Cher Rhoades @ Oak & Key Realty 605.639.1158.

21310 Embers Way, Lead

$399,000

3 Beds ⋅ 178476 MLS

Discover a rare and versatile property in the heart of Lead! This established dual-home property combines charm, flexibility, and opportunity. The front residence features 2 bedrooms with a spacious custom-designed bathroom, spacious kitchen with bar seating and direct access to the backyard deck. A cozy living room and dining area complete the layout, making this home both functional and full of character. Tucked behind, the second home offers a private 1-bedroom layout with its own beautiful custom bathroom, gorgeous kitchen cabinetry and rustic touches throughout. This charming space includes a comfortable living room, ideal for short-term rental income or guest accommodations. Both homes enjoy convenient paved off-street parking and are just a short walk from downtown Main Street Lead, placing dining, shopping, and local attractions within easy reach. This unique property delivers unmatched potential in a prime location! Don't miss it!

15 & 17 Other Blue Street, Lead

$399,000

3 Beds ⋅ 2 Baths ⋅ 88230 MLS

For more information, please contact listing agents Heath Gran 605-209-2052 or Scot Munro 605-641-6482 with Great Peaks Realty. Discover a rare and versatile property in the heart of Lead! This established dual-home property combines charm, flexibility, and opportunity. The front residence features 2 bedrooms with a spacious custom-designed bathroom, spacious kitchen with bar seating and direct access to the backyard deck. A cozy living room and dining area complete the layout, making this home both functional and full of character. Tucked behind, the second home offers a private 1-bedroom layout with its own beautiful custom bathroom, gorgeous kitchen cabinetry and rustic touches throughout. This charming space includes a comfortable living room, ideal for short-term rental income or guest accommodations. Both homes enjoy convenient paved off-street parking and are just a short walk from downtown Main Street Lead, placing dining, shopping, and local attractions within easy reach. This unique property delivers unmatched potential in a prime location! Don't miss it!

15 & 17 Blue Street, Lead

$1,899,900

5 Beds ⋅ 5 Baths ⋅ 88179 MLS

Framed by sweeping Terry Peak views and the beauty of the Black Hills, this stunning 4,864 sq. ft. estate redefines mountain luxury on 3.49 private acres. Built with quality in mind and designed for both everyday living and elevated entertaining, the zero-entry layout welcomes you with soaring ceilings, expansive upgraded windows, and rich hardwood flooring throughout the main level. Natural light fills the home, highlighting the open living spaces and seamless connection to the surrounding landscape. The kitchen was designed to impressâ¦ featuring premium appliances, striking Quartz surfaces, a waterfall-edge island, and an oversized walk-in pantry that enhances both function and style. Just beyond, a spacious covered deck extends your living space outdoorsâ¦ perfect for taking in the views year-round. Two main-level suites provide comfort and privacy, each complete with spa-inspired baths, heated tile flooring, and generous walk-in closets. One suite is further elevated with a luxurious steam shower, creating a true retreat experience. Multiple gathering areas, each with its own fireplace, offer flexibility for relaxing or hosting. The walkout lower level continues the experience with 10-foot ceilings, a well-appointed wet bar, and access to a covered patio with stamped and stained concrete. A third private suite adds versatility for guests or extended living. A rare offering delivering privacy, craftsmanship, and an elevated Black Hills

11246 Paradise Gulch Loop, Lead

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