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Acreage Homes for Sale in Rapid City, SD

Welcome to your dedicated resource for acreage homes for sale in Rapid City, 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 Rapid City, 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 acreage properties currently available below, or contact a local agent to discuss the details that matters most to your search.

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All Acreage Homes for Sale in Rapid City, SD

$620,000
4 Beds 179610 MLS
Tucked among towering pines on 1.65 private acres, just 5 minutes from Rapid City, 7904 Okpealuk offers a rare opportunity to own your own private Black Hills retreat. With peaceful surroundings, exceptional versatility, and thoughtful updates throughout, this one-of-a-kind property offers the perfect balance of privacy and convenience. Inside the main home, soaring ceilings, exposed beams, oversized windows, and abundant natural light create a warm and inviting atmosphere while showcasing the beauty of the surrounding landscape. The main living area is anchored by a stunning fireplace, offering the perfect space to gather and unwind. The beautifully updated kitchen features rich cabinetry, stone backsplash, generous prep space, and seamless flow into the dining and living areas—ideal for entertaining or everyday living. The main floor offers 2 bedrooms and 1 bathroom, while the upper level features an impressive primary suite complete with a private ensuite bath and attached flex space ideal for a home office or reading area. The walkout lower level expands your living space with incredible versatility, featuring a spacious family room with gas fireplace, wet bar, game room, full bathroom, workshop space, and private exterior access—perfect for entertaining, hobbies, or guests. A standout feature of this property is the beautifully finished studio above the 3-car garage. Complete with vaulted ceilings, exposed beams, sink, fridge, full bathroom, and private deck access, this exceptional bonus space offers endless possibilities for guests, a private office, creative studio, multi-generational living, or potential rental income. Outdoor living is equally impressive with multiple spaces designed to embrace the peaceful setting. Enjoy quiet mornings on the covered deck overlooking the pines, relax on the cozy patio with fountain, or simply soak in the serenity surrounding you. Don't miss your opportunity to own this amazing property in the Black Hills!

7904 Okpealuk, 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

$1,300,000
5 Beds 3 Baths 89133 MLS
Listed by TJ Wojtanowicz at Black Hills Realty | 605-863-1920. Welcome to a truly one-of-a-kind Black Hills retreat offering 10.77 acres of privacy, beauty, and versatility. This unique property includes two homes on two lots, Palmer Creek flowing through a lush meadow, incredible rock outcroppings, abundant wildlife, and breathtaking views. Conveniently located just 20 minutes from Rapid City, 6 minutes from Hill City, and with easy access to Sheridan Lake, this property offers the perfect combination of seclusion and convenience. The main home features 2 bedrooms, 2 full bathrooms, and an open-concept living area designed to capture the surrounding scenery. The kitchen showcases custom hickory cabinets, Quartzite countertops, JennAir gas cooktop, indoor grill, custom vent hood, tile flooring, and a spacious dining area. The living room centers around a beautiful fireplace and opens to a large concrete patio overlooking dramatic Black Hills rock formations. The primary suite offers its own fireplace, incredible views, and dual walk-in closets. A second bedroom, full bath, main-level laundry/office, and dumbwaiter complete the main floor. The lower level includes an oversized two-car garage, workshop area, and unfinished. The fully remodeled second home with 2025 sq ft offers 3 bedrooms, a custom kitchen, a full bath with walk-in shower, and a large bonus room perfect for guests, extended family, caretaker quarters, or rental income potential. Additional features include a pa

12746 Happy Trail, Rapid City

$1,300,000
5 Beds 179573 MLS
Listed by TJ Wojtanowicz at Black Hills Realty | 605-863-1920. Welcome to a truly one-of-a-kind Black Hills retreat offering 10.77 acres of privacy, beauty, and versatility. This unique property includes two homes on two lots, Palmer Creek flowing through a lush meadow, incredible rock outcroppings, abundant wildlife, and breathtaking views. Conveniently located just 20 minutes from Rapid City, 6 minutes from Hill City, and with easy access to Sheridan Lake, this property offers the perfect combination of seclusion and convenience. The main home features 2 bedrooms, 2 full bathrooms, and an open-concept living area designed to capture the surrounding scenery. The kitchen showcases custom hickory cabinets, Quartzite countertops, JennAir gas cooktop, indoor grill, custom vent hood, tile flooring, and a spacious dining area. The living room centers around a beautiful fireplace and opens to a large concrete patio overlooking dramatic Black Hills rock formations. The primary suite offers its own fireplace, incredible views, and dual walk-in closets. A second bedroom, full bath, main-level laundry/office, and dumbwaiter complete the main floor. The lower level includes an oversized two-car garage, workshop area, and unfinished. The fully remodeled second home with 2025 sq ft offers 3 bedrooms, a custom kitchen, a full bath with walk-in shower, and a large bonus room perfect for guests, extended family, caretaker quarters, or rental income potential. Additional features include a paved driveway, multiple outdoor living spaces, mature trees, creek frontage, and unmatched privacy. Rarely does a property offer two homes, acreage, creek frontage, and a prime Black Hills location all in one package. Call today for your private showing.

12746 Happy Trails, Rapid City

$539,900
3 Beds 179520 MLS
Listed By Kief Hansen with The Real Estate Group 605-484-3535. This move-in ready home is nestled in the scenic beauty of the Black Hills and bordered on two sides by USFS land, offering exceptional privacy on 2.2 acres in a quiet neighborhood. A true nature lover’s retreat, the property is filled with wildflowers, wildlife, and wild raspberries. Trail 244 begins at the corner of the property, providing direct access to breathtaking trails, including Slate Creek.The main level features two spacious bedrooms, a full bathroom with convenient in-closet laundry, and a thoughtfully designed kitchen with abundant cabinet space and excellent lighting. An open-concept living and dining area showcases a cozy wood-burning stove and opens to two inviting decks—perfect for enjoying the surrounding landscape. A large pantry or wine cellar is located at the base of the stairs.The lower level offers a generous third bedroom with a private bath and closet, creating flexible living options. Choose between two potential primary suites: the upstairs layout with a Jack-and-Jill bathroom, or the entire private lower-level retreat. Solid pine doors throughout add warmth and privacy.Comfort is enhanced with hydronic in-floor heating and electric cove heating options. Additional features include a two-car detached garage with carports on both sides, an 8x16 shed, productive greenhouses that extend the growing season, and a well-stocked woodshed. A generator panel is already installed, and fiber optic high-speed internet is available. No Chickens, and no AirBnB with this subdivision.

23137 Pactola Dr, Rapid City

$1,495,000
3 Beds 179515 MLS
The owners have affectionately named this magical canyon retreat Oak Hallow. It will be easy for you understand the name when you are immediately engulfed by the soothing rapids of Rapid Creek and the splendor of the canyon walls! Conveniently located within minutes of downtown Rapid City and 20 minutes to the airport but a world away from the hustle and bustle. The estate features its own well, private beach, large raised garden beds, deck adjacent to Rapid Creek and the great lawn bordering Rapid Creek. The expansive deck adjoining the front entry will provide you endless opportunities to either relax or entertain your guests!! This property has over 300 ft of creek frontage north of Dark Canyon Rd on both sides of the creek and over 240 ft of creek frontage on one side of the creek south of Dark Canyon Rd after you cross the bridge. The original home was built in 1950 with two additions featuring additional living space and bedrooms added the most recent one featuring the primary suite in 2002. This home features a main floor living room with hardwood floors and a wood burning insert. The kitchen has all the necessary features including a pass through to the breakfast bar for serving your family and guests. The primary suite is expansive including a gas fireplace, nearby library area to relax with a nearby covered deck, walk in closet and makeup vanity. The additional main floor bedroom is near the main floor full bathroom with a sauna located in this bathroom. This bedroom also has a private deck with convenient access to the garden area. The third bedroom is located on the upper level on the right side of the home. This totally private residence on over 6 acres is on the market for the first time in 35 years. Wake up to private fishing, swimming, hiking and biking!! Enjoy dinner downtown and fall asleep to the sound of the creek!

7450 Dark Canyon Rd, Rapid City

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