Homes for Sale Between $1,500,000 to $2,000,000 in Rapid City, SD

PRICELESS VIEW, PRACTICAL and PRIVATE! Beautiful custom home built by Jim Shad with 2X6 construction. In town — five minutes from three hospitals, schools, and shopping — yet offers a private oasis. South-facing backyard features mature trees, established landscaping, and no homes behind. Enjoy sweeping views of the Badlands from the entertaining patio with gas grill hook-up. Room for everyone in a floorplan that blends open shared spaces with private escapes. Four bedrooms, 4½ baths, 2 laundry rooms (washers & dryers stay), built-in office, 5th bedroom/second office, exercise room, and home theatre with 8 reclining seats. High-end finishes throughout: Pella windows, cherry cabinets and trim, built-in bookcases, and oak flooring on the entire main floor. The chef's kitchen features granite countertops, a Dacor 6-burner vented range, 2 in-wall convection ovens, breakfast bar seating for 6, a walk-in pantry, and butler pantry connecting to the formal dining room with trayed ceiling. The primary suite offers stunning sunrise views, walk-in closet, heated floors, jetted tub, and steam shower.

4818 Enchanted Pines Dr, Rapid City

$1,610,700

89293 MLS

Own the ultimate Black Hills legacy property on this pristine 24.78-acre luxury lot in the prestigious Coyote Flats area with easy, year-round access off the well maintained Neck Yoke Road. This rare piece of land offers a once-in-a-lifetime opportunity to build your dream Black Hills Estate where your horses are welcome. The opportunity exists to subdivide the property into two acreages with a minimum of 10 acres per lot. Enjoy the unobstructed, panoramic views of both Mount Rushmore and the iconic granite spires of the Needles to the West and the prairie beyond to the East. The property has been held in the family for decades and features many building sites from the flat area adjacent to Evans Court and Neck Yoke Road to the valleys and lush meadows. Enjoy wildlife viewing near the serene small pond, exploring, riding horses through the pine trees and vibrant wildflowers. This is a rare opportunity to own your own piece of heaven in the Black Hills. This is a rare, generational opportunity to own your own piece of heaven in the Black Hills. The property can be subdivided, per Pennington County Planning, into two lots with a min. of 10 acres and 2 water taps are available through Pine Groove Water. Tap fees are $20,000 each plus meter pit and a min of a 1000 gallon cistern For more water information refer to PineGrovewater.org. Listed by Jennifer Landguth, Hegg, REALTORS, Inc., 605-381-8273

13865 Evans, Rapid City

$1,610,700

179714 MLS

Own the ultimate Black Hills legacy property on this pristine 24.78-acre luxury lot in the prestigious Coyote Flats area with easy, year-round access off the well maintained Neck Yoke Road. This rare piece of land offers a once-in-a-lifetime opportunity to build your dream Black Hills Estate where your horses are welcome. The opportunity exists to subdivide the property into two acreages with a minimum of 10 acres per lot. Enjoy the unobstructed, panoramic views of both Mount Rushmore and the iconic granite spires of the Needles to the West and the prairie beyond to the East. The property has been held in the family for decades and features many building sites from the flat area adjacent to Evans Court and Neck Yoke Road to the valleys and lush meadows. Enjoy wildlife viewing near the serene small pond, exploring, riding horses through the pine trees and vibrant wildflowers. This is a rare opportunity to own your own piece of heaven in the Black Hills. This is a rare, generational opportunity to own your own piece of heaven in the Black Hills. The property can be subdivided, per Pennington County Planning, into two lots with a min. of 10 acres and 2 water taps are available. Tap fees are $20,000 each plus meter pit and a min of a 1000 gallon cistern. For more water information refer to PineGrovewater.org. Listed by Jennifer Landguth, Hegg, REALTORS, Inc., 605-381-8273

13865 Evans Ct, Rapid City

$1,500,000

3 Beds ⋅ 179659 MLS

Stunning, exquisite, breathtaking......get the idea? Welcome to this fantastic property located out Nemo Road. This journey starts with three bedrooms, 2.5 bathrooms, two car attached garage with over 2400sf nestled on 3.33 acres. The heart of the home is the completely remodeled kitchen, updated with new cabinetry, granite countertops, backsplash, appliances, flooring, lighting, and more. It's a space built for everything from quiet mornings to hosting friends and family. Throughout the home you'll find updated bathrooms, newer flooring, updated lighting, newer Pella windows and doors, a new HVAC system, water heater, soft water system, and countless improvements that make everyday living comfortable. Both the main residence & the casita are wired to a Generic 30K generator. The shop can be easily added on to the system if desired. Step outside and the views take over. Whether you're enjoying coffee on the deck, watching wildlife pass through, or listening to the creek below, this property constantly reminds you why people move to the Black Hills. Need extra space? The detached casita was completed in 2021 and offers its own kitchenette, bathroom, mini-split system, and private living area—perfect for guests, hobbies, or extended stays. Then there's the shop. A 30-by-56 detached building completed in 2021 with sealed concrete floors, heating, cooling, and room for projects, equipment, vehicles, or whatever adventures come next. The updates are impressive. The shop is incredible. The casita adds flexibility. But what you'll remember most is the creek running through your backyard, the privacy, the views, and the feeling of having a place that's truly your own slice of heaven. This isn't just a home. It's the lifestyle you've been dreaming about. Listed by Karen Soderquist, RE/MAX RESULTS (605) 381-4300 and co-listed by Cheyenne McGriff, RE/MAX RESULTS (605) 209-1988

13045 Box Elder Drive, Rapid City

$1,750,000

89161 MLS

Listed by TJ Wojtanowicz at Black Hills Realty | 605-863-1920. Outstanding investment opportunity in West Rapid City! This 27-unit apartment complex offers an excellent mix of units including 24 studio apartments, one 2-bedroom/1-bath unit, one 1-bedroom/1-bath unit, and one efficiency unit. The property also features an on-site laundry facility with washers and dryers, six rentable garages providing additional income, plus one dedicated management garage. Tenants pay their own electricity while ownership pays water, sewer, boiler heat, and other common area expenses, creating a straightforward management structure with strong upside potential. Located in a desirable west side neighborhood near Canyon Lake, shopping, restaurants, medical facilities, schools, and major employers, the property benefits from a highly sought-after rental location with convenient access throughout Rapid City. Current ownership has maintained strong occupancy, and there is significant opportunity to increase rental income through future rent adjustments, operational efficiencies, and continued property improvements. This is an excellent value-add opportunity for investors seeking stable cash flow with long-term appreciation potential in one of Rapid City's strongest rental markets. Whether you are expanding your portfolio or completing a 1031 Exchange, this well-located multifamily investment offers immediate income, additional garage revenue, and substantial upside. Financial information available

3313 Leland Lane, Rapid City

$1,750,000

179607 MLS

Listed by TJ Wojtanowicz at Black Hills Realty | 605-863-1920. Outstanding investment opportunity in West Rapid City! This 27-unit apartment complex offers an excellent mix of units including 24 studio apartments, one 2-bedroom/1-bath unit, one 1-bedroom/1-bath unit, and one efficiency unit. The property also features an on-site laundry facility with washers and dryers, six rentable garages providing additional income, plus one dedicated management garage. Tenants pay their own electricity while ownership pays water, sewer, boiler heat, and other common area expenses, creating a straightforward management structure with strong upside potential. Located in a desirable west side neighborhood near Canyon Lake, shopping, restaurants, medical facilities, schools, and major employers, the property benefits from a highly sought-after rental location with convenient access throughout Rapid City. Current ownership has maintained strong occupancy, and there is significant opportunity to increase rental income through future rent adjustments, operational efficiencies, and continued property improvements. This is an excellent value-add opportunity for investors seeking stable cash flow with long-term appreciation potential in one of Rapid City's strongest rental markets. Whether you are expanding your portfolio or completing a 1031 Exchange, this well-located multifamily investment offers immediate income, additional garage revenue, and substantial upside. Financial information available to qualified buyers upon execution of a confidentiality agreement. Call today for additional information or to schedule your private tour.

3313 Leland Ln, Rapid City

$2,000,000

4 Beds ⋅ 179474 MLS

Situated on 23.97 private acres in the highly sought-after Rimrock area, this exceptional Black Hills property offers a rare combination of luxury living, privacy, usable land, and unmatched shop infrastructure. Surrounded by mature pines, rolling hills, and abundant wildlife, the property delivers a secluded setting just minutes from Rapid City. The 4-bedroom, 4-bath home is designed for comfortable main-floor living, featuring a spacious primary suite with a private bath, walk-in closet, and convenient access to the main-floor laundry. A second private primary suite provides additional flexibility for multi-generational living or guests. The home also features double wall ovens, a stunning floor-to-ceiling stone fireplace, generous living spaces, and an expansive covered patio ideal for entertaining or enjoying the peaceful Black Hills surroundings. The true showpiece is the approximately 2,750 sq. ft. custom-built shop. Constructed with a welded steel frame, 16' sidewalls, spray foam insulation, in-floor heat with dual zones, 400-amp service, 220V power, three-phase converter panel, hot water on demand, compressed air infrastructure, paint booth ventilation, and three dedicated HVAC units. Additional features include a 720 sq. ft. mezzanine with 50,000-lb capacity, two 10' overhead doors, one 14' overhead door, vehicle-lift-ready pads, interior and exterior drains, kitchen facilities, two bathrooms, seven finished flex-use rooms, a 1,000-gallon holding tank, and extensive covered exterior parking for RVs, equipment, or toys. Properties offering this level of privacy, acreage, and infrastructure are exceptionally difficult to replicate and rarely become available. Listed by Henry Ulrich, Ascend Realty, 605-490-2040.

7810 Labrador Tr, Rapid City

$2,000,000

4 Beds ⋅ 4 Baths ⋅ 89057 MLS

Situated on 23.97 private acres in the highly sought-after Rimrock area, this exceptional Black Hills property offers a rare combination of luxury living, privacy, usable land, and unmatched shop infrastructure. Surrounded by mature pines, rolling hills, and abundant wildlife, the property delivers a secluded setting just minutes from Rapid City. The 4-bedroom, 4-bath home is designed for comfortable main-floor living, featuring a spacious primary suite with private bath, walk-in closet, and laundry access. A second primary suite offers additional flexibility for guests or multi-generational living. The home also features double wall ovens, a floor-to-ceiling stone fireplace, generous living spaces, and an expansive covered patio overlooking the Black Hills landscape. The true showpiece is the approximately 2,750 sq. ft. custom-built shop featuring welded steel construction, 16' sidewalls, spray foam insulation, in-floor heat, 400-amp service, three-phase converter panel, kitchen facilities, two bathrooms, seven finished flex-use rooms, a 720 sq. ft. mezzanine, vehicle-lift-ready pads, interior and exterior drains, multiple overhead doors, and a 1,000-gallon holding tank. Extensive covered parking provides room for RVs, equipment, vehicles, and recreational toys. Properties offering nearly 24 acres, this level of privacy, and infrastructure of this caliber are exceptionally difficult to replicate and rarely become available. Listed by Henry Ulrich, Ascend Realty, 6054902040

7810 Labrador Trl, Rapid City

$1,700,000

88868 MLS

Very nice office building Just NE of the civic center, 58 office suites, 2 conference rooms, 6 bathrooms, 60 onsite parking spaces, digital reader board the property is being sold with all equipment and fixtures, internal and external motion detected camera system, outside monitored burglar alarm and fire alarm / sprinkler system, currently 90% occupied with 4 units that are occupied by the current owner, All financials available with a signed NDA.

550 N 5th Street, Rapid City

$1,700,000

179208 MLS

Very nice office building Just NE of the civic center, 58 office suites, 2 conference rooms, 6 bathrooms, 60 onsite parking spaces, digital reader board the property is being sold with all equipment and fixtures, internal and external motion detected camera system, outside monitored burglar alarm and fire alarm / sprinkler system, currently 90% occupied with 4 units that are occupied by the current owner All financials available with a signed NDA.

550 N 5th St, Rapid City

$1,900,000

179161 MLS

Positioned in the heart of downtown Rapid City, this exceptional 12,300 SF commercial opportunity is now offered for lease at $10,500 per month NNN. The property features approximately 10,500 SF on the main level plus an additional 1,800 SF basement, creating a highly flexible footprint suited for a wide range of uses. Delivered as versatile shell space, the building offers the rare ability to accommodate a single flagship user or be demised into multiple tenant suites. Ideal for restaurant, retail, office, entertainment, showroom, or mixed-use concepts. Located in a high-visibility corridor with traffic counts exceeding 13,700 vehicles per day, this asset combines scale, exposure, and adaptability in one of Rapid City’s most active downtown districts. Exceptional potential for operators, investors, or brands seeking a commanding presence with endless repositioning opportunities.

826 Main St, Rapid City

$1,550,000

5 Beds ⋅ 179018 MLS

This one-of-a-kind dream home offers the perfect blend of luxury, comfort, and wide-open spaces. Imagine waking up to stunning views of the Needles and Black Hills, then spending your days on your own private 10.1 acres. With top-of-the-line finishes and endless amenities, 23822 Ranch View Ct provides the high-end country living you've been searching for. Open Kitchen with Quartz countertops, Center Island, plenty of storage, large pantry, formal dining plus a breakfast nook. Perfect Living room with Gas Fireplace to enjoy the cold winter nights. Main floor primary suite with heated bathroom floors, jetted tub, custom tile shower, double vanity and walk in closet. Perfectly situated laundry/mud room with storage! Upper level is unmatched! 4 Bedrooms, 3 baths! Addtional primary suite with walk-in closet and private bath. 2 Bedrooms both with walk in closets that share a jack and jill bath. Best part, hidden Bonus room behind the book shelf! Unfinished basement that is set up for 6th/7th bedrooms, an additional bath, and large family room. 2nd laundry available in the lower level. Huge Shop perfect for all the toys, RV, etc. Pens for chickens, fenced for horses, fruit trees all over the property. One of a kind property!

23822 Ranch View Ct, Rapid City

Homes for Sale in Rapid City, SD Between $1,500,000 to $2,000,000

All Rapid City, SD Homes for Sale Between $1,500,000 to $2,000,000

Pioneer Properties SD, Adam Johnson RE

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