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$3,750,000
180020 MLS
Nestled only minutes from Hot Springs, this 635-acre elk preserve offers a rare opportunity to own a piece of nature's finest landscapes. The expansive acreage is bordered by towering pine forests, dramatic mountain vistas, and sprawling meadows, providing an idyllic sanctuary for wildlife, especially the majestic Rocky Mountain elk. This property is ideal for wildlife conservation enthusiasts looking to preserve and protect the natural environment, outdoor recreationists seeking the ultimate hunting, photography or investors interested in a conservation easement or to build a private home. This property can also be utilized for ranch life. Imagine the possibilities! Whether you are drawn by its natural beauty, its wildlife sanctuary status, or the potential for recreational experiences or grazing for cattle, this Rocky Mountain elk preserve is an unparalleled opportunity. A once-in-a-lifetime chance to own and protect a true wilderness gem.

TBD Hot Brook Canyon Rd, Hot Springs
$1,467,840
89304 MLS
Rare 61.16-acre development opportunity near Hot Springs with no covenants and strong potential for a rural residential or affordable acreage development concept. 27097 Ridgeview Springs Rd offers open usable land, scenic views, fencing, and existing horse/livestock infrastructure that could be incorporated into a unique country-living community, builder project, or multi-home acreage layout, subject to county approval. The property’s size allows for thoughtful planning while preserving the rural character buyers seek in the Southern Black Hills. Existing fencing and horse facilities provide added value and could support equestrian buyers, hobby ranch users, or a development plan with open-space appeal. Whether developed into multiple homesites or held as a single large private parcel, this land offers room, freedom, and possibility. Buyer to verify zoning, utilities, access, subdivision requirements, and intended use.

27097 Ridgeview Springs Road, Hot Springs
$1,099,000
4 Beds ⋅ 4 Baths ⋅ 89238 MLS
Listed by Casey Raftevold | 605-863-5282 | eXp Realty. Welcome to Paradise! Come see this Exceptional Angostura Lake property offering over 3,300 square feet of living space on 2+ acres with beautiful lake views and room to enjoy the best of South Dakota lake living. This impressive 4-bedroom, 3-bath home features soaring ceilings, expansive windows, spacious living areas, and a thoughtfully designed floor plan ideal for both everyday living and entertaining. Step outside to the 48' x 12' covered patio complete with a hot tub and firepit area, creating the perfect setting for relaxing evenings and gatherings with family and friends. The impressive 42' x 48' shop provides abundant space for vehicles, boats, RVs, and recreational equipment, while the finished 300-square-foot climate-controlled entertainment lounge offers a wet bar, beverage coolers, and a comfortable space to watch the game or unwind after a day on the lake. Conveniently located just minutes from Angostura Reservoir and within an easy drive of Mount Rushmore, Custer State Park, Wind Cave National Park, Crazy Horse Memorial, and Rapid City Regional Airport. Whether you're seeking a year-round residence, vacation retreat, or the ultimate lake lifestyle property, this exceptional offering delivers space, comfort, and endless opportunities for recreation and entertaining. For more information call Listing Agent Casey Raftevold | 605-863-5282 | eXp Realty.

28328 Shoreview Drive, Hot Springs
$2,295,000
6 Beds ⋅ 6 Baths ⋅ 89211 MLS
Welcome to one of the most extraordinary private estates in the Southern Black Hills. Overlooking the Cheyenne River Valley and adjacent to the Hot Springs Municipal Airport, this remarkable 9,006 sq. ft. luxury retreat offers breathtaking views, exceptional amenities, and a lifestyle rarely found in the region. The main residence features 6 bedrooms, 5.5 bathrooms, 2 offices, and 2 laundry rooms. The primary suite is a private sanctuary complete with a custom steam shower, sauna, and oversized walk-in closets. Multiple outdoor living areas and a fourth-level crow's nest capture panoramic Black Hills views. Designed for entertaining, the property includes a resort-style pool and gym area, indoor and outdoor pickleball courts, custom fire pit, and an impressive pavilion featuring a large outdoor kitchen, fire table, integrated sound and lighting systems, and commercial-grade LED string lighting. Car collectors, RV enthusiasts, and hobbyists will appreciate the nearly 6,000 sq. ft. heated shop capable of housing approximately 20 vehicles. The shop features oversized doors for Class A motorhomes, a full stereo system, 85-inch TV, high-efficiency wood stove, and a fully equipped apartment with kitchen, bath, and walk-in closet. Additional amenities include two RV sites, one with full hookups, a newly planted vineyard, established landscaping, rural water, backup 5,000-gallon cistern, hydraulic gated entry, ornamental fencing, and over $90,000 in included furnishings.

27807 Aeronaut Lane, Hot Springs
$1,150,000
3 Beds ⋅ 2 Baths ⋅ 88781 MLS
JORGENSEN LOG HOME, 10.91 ACRES WITH A FULLY EQUIPPED, RV READY SHOP IN CUSTER COUNTY! Welcome to your private Southern Black Hills Retreat where the Black Hills lifestyle meets modern functionality. Ideally located with convenient access to Custer, including Custer State Park and Wind Cave National Park. This thoughtfully developed property combines scenic beauty, usable land, and high-quality infrastructure - an incredibly rare combination in today's market. Built in 2020, this 2,584 sq ft custom log home offers 3 bedrooms and 2 bathrooms, with expansive windows that capture sweeping forest views from every room. The open concept design creates a warm, inviting living space anchored by a propane fired stove. The kitchen features high-end appliances and quality finishes. Modern conveniences include association water, underground electrical service, and fiberoptic internet - providing both reliability and connectivity in a peaceful rural setting. A standout feature is the professionally built Cleary 42'x56' shop with 20' ceilings - fully insulated, heated, and designed for year-round use. Equipped with high bay lighting, water and sewer connections, and full RV hookups inside and out (50 amp). Separate wifi for the shop as well as full-sized washer/dryer. Additional electric capacity and a dedicated concrete pad for future expansion, making this a true multi-purpose facility. The only thing for a buyer to finish is the basement ceiling (see pictures). NO ACTIVE HOA!

11906 Mountain Lion Lane, Hot Springs
$1,100,000
5 Beds ⋅ 179105 MLS
Custom 2022-energy-efficient SIP Panel built golf course estate in Back Nine — one of only two subdivisions directly on Southern Hills Golf Course, consistently ranking in Golfweek's "Best Courses You Can Play". This 3,792 sqft, 5-bed / 4-bath ranch was thoughtfully designed for both refined everyday living and exceptional entertaining, with a fully finished walkout lower level that lives like a second residence — ideal for multigenerational families, hosting guests, or premium short-term rental income. The main level features a vaulted great room, chef's kitchen with quartzite counters, double wall ovens, and large walk-in pantry, and a primary suite with soaking tub, walk-in shower, and oversized closet. Two additional bedrooms, a full bath, and main-level laundry complete effortless single-level living. The covered 28' x 12' deck overlooks private wooded views. The walkout lower level adds a spacious great room, full kitchenette/bar (refrigerator, sink, dishwasher), two private guest suites — each with its own ensuite — a second laundry, ample storage, and direct access to a covered patio. Additional highlights: heated 3-car garage with a sink, mature landscaping with underground sprinklers, two fireplaces, and the highest quality finishes throughout. Hot Springs offers the warmest micro-climates in the Black Hills — the "banana belt" — with year-round access to Angostura Reservoir, Wind Cave National Park, Custer State Park, and Mt. Rushmore. - The listing agent is related to the seller.

1103 Clubhouse Dr, Hot Springs
$1,100,000
5 Beds ⋅ 4 Baths ⋅ 88709 MLS
Custom 2022-SIP Panel built golf course estate in Back Nine — one of only two subdivisions directly on Southern Hills Golf Course, consistently ranking in Golfweek's "Best Courses You Can Play". This 3,792 sqft, 5-bed / 4-bath ranch was thoughtfully designed for both refined everyday living and exceptional entertaining, with a fully finished walkout lower level that lives like a second residence — ideal for multigenerational families, hosting guests, or premium short-term rental income. The main level features a vaulted great room, chef's kitchen with quartzite counters, double wall ovens, and large walk-in pantry, and a primary suite with soaking tub, walk-in shower, and oversized closet. Two additional bedrooms, a full bath, and main-level laundry complete effortless single-level living. The covered 28' x 12' deck overlooks private wooded views. The walkout lower level adds a spacious great room, full kitchenette/bar (refrigerator, sink, dishwasher), two private guest suites — each with its own ensuite — a second laundry, ample storage, and direct access to a covered patio. Additional highlights: heated 3-car garage with a sink, mature landscaping with underground sprinklers, two fireplaces, and the highest quality finishes throughout. Hot Springs offers the warmest micro-climates in the Black Hills — the "banana belt" — with year-round access to Angostura Reservoir, Wind Cave National Park, Custer State Park, and Mt. Rushmore. - The listing agent is related to the seller.

1103 Clubhouse Drive, Hot Springs
$1,200,000
4 Beds ⋅ 178733 MLS
13308 Sunup Ln | Windows, Lake Views and Gatherings! This incredible Angostura property sits atop a picturesque bluff just above the lake on 2.89 acres. Loaded with amenities, luxury finishes and of views from every room, you're sure to be impressed with this sizeable custom-built home currently under construction. Features include tasteful custom wall and ceiling treatments, remote window blinds, exceptional high-end appliances in the gourmet kitchen and lower level wet bar, hidden pantry storage, 54" tiled shower with glass enclosure all combined with thoughtful design and functional square footage througout. Planned privacy with expansive outdoor gathering spaces make this the ultimate getaway for a second home or year-round enjoyment. Garage/Shop is in progress and dimensions may be updated during construction; will include full RV hookups on exterior side, large overhead door and boat/RV stall with additional two stall vehicle door and large glass overhead door on side opening to amazing patio with built-in propane fire pit over looking with water. Don't miss your chance to make the memories of a lifetime! Call the Kelly Howie Team today at 605-939-0255 for additional informatoin, progress updates and private tours.

13308 Sunup Ln, Hot Springs
$1,160,000
3 Beds ⋅ 178626 MLS
Peace and tranquility describes this 50+ acre property with no covenants, two water supplies and is right next to the Mickelson Trail. Big sky nights are filled with endless stars that you can see from the huge deck. If your livestock need a place to roam, the fenced property can handle them. This property has a private well and is also connected to rural water. The 30x45 barn has an enclosed section and an open section for weather protection or feed storage. If living indoors is your thing, then this beautiful 3 bed 2 bath on the main floor home will keep you very happy. The hardwood and tile floors are beautiful and easy to maintain. The unfinished lower level could be a family room, craft room or who knows, maybe even a shop with the wood burner. The lower level is framed for garage doors if that is what you need. Properties like this are hard to find anymore. Don't let it slip away! Listed by Kevin Kuehn, South Dakota Real Estate Company (605) 391-7734

12090 Hart Rd, Hot Springs
$1,100,000
4 Beds ⋅ 3 Baths ⋅ 88245 MLS
Welcome home to this Lariat Circle Estate that I am sure encompasses most everything on everyone's wish list. Starting with the 4200+ square foot open concept home with 4 bedrooms, 3 bathrooms and finished ever so beautifully with stunning quartz counters atop the hardwood cabinetry in the spacious kitchen and main level bathrooms, perfect mix of gorgeous wood and tile floors, high ceilings, unique corrugated steel veneers, and custom beam work in the basement. Additional basement space includes a second 24x24 family room and unfinished storage areas. Attached next to the oversized entry way with built in storage compartments is the heated 30x38 4-car garage with room for all the toys and tools one might have. Walking out the rear of the home and past all the perfectly lain rock landscaping, past the Peach, Plum, Apple, and Cherry Trees sits the one-bedroom guest cabin perfect for personal visitors or a possible rental income if you so choose. From the cabins covered front porch you see the RV Hookups on your way over to the horse barn with stalls, overhead doors, and a full-length loft with lots of possibilities. Outside this are the corrals and access to the various pasture spaces across the 22+ acres with 360-degree views. With only so many words allowed here, it is truly difficult to describe the beauty of this particular property with such expansive qualities, amenities, and charm. Call today to take a look for yourself.

27909 Lariat Circle, Hot Springs
$1,695,000
87726 MLS
A "CAN THIS BE REAL" SCENERY LIKE NO OTHER - jaw-dropping views around EVERY corner of this approx. 113-acre masterpiece! Chock full of trees, brimming with rock outcroppings, and the north side even borders miles & miles of US Forest Service lands. The most exquisite blend of terrain that you could dream up: plateaued mountaintops with 360-degree views, cliffsides, ravines, bluffs, meadows, scattered timber, trails, and even several flat spots for prime buildability without the expense of major dirt work. Bring your horses; this spot would make a perfect setting for a small ranch operation. Electric to the lot line. Very minimal covenants to protect your investment. Just 15 minutes to the cozy Black Hills town of Hot Springs and all that it contains: downtown historic sandstone buildings, restaurants, shops, Moccasin Springs, Evans Plunge, Angostura Reservoir, portal to every Black Hills adventure, and too much more to list!

TBD Joy Drive, Hot Springs
$1,600,000
87359 MLS
RED ROCK RIVER RESORT | HOT SPRINGS, SD Rare opportunity to own a destination hospitality property in one of the Black Hills' most historic communities. Located along the river in Hot Springs, this unique property offers lodging, restaurant space, gathering areas, and room for future growth and development. Hot Springs continues to attract visitors seeking relaxation, recreation, natural mineral springs, nearby Angostura Reservoir, Wind Cave National Park, The Mammoth Site, and the revitalized downtown district. The community is experiencing renewed interest from travelers looking for authentic Black Hills experiences. The current owners have invested in ongoing improvements while maintaining the property's character, providing a foundation for continued operation and future vision. Potential opportunities include boutique lodging, destination dining, retreats, events, wellness services, boutique retail, and additional hospitality concepts. More than a commercial property, Red Rock River Resort offers the chance to create experiences, build a destination, and be part of the continued growth of Hot Springs. Call or message Cheri St Pierre Berkshire Hathaway Home Services Midwest Realty for your private tour or questions 605-390-2481 See the video tour https://youtu.be/6gZOdwrld8c?si=64CCN1n2OhjyxpTX.

603 N River Street, Hot Springs
$1,600,000
177360 MLS
BE PART OF HOT SPRINGS' NEXT CHAPTER. Red Rock River Resort offers a rare opportunity to own one of the Black Hills region's most unique hospitality properties. Located along the river in historic Hot Springs, South Dakota, this destination property combines lodging, restaurant space, gathering areas, and tremendous potential for future growth. Hot Springs was once known as one of America's premier wellness and resort destinations, attracting visitors seeking relaxation, mineral springs, recreation, and hospitality. Today, the community is experiencing renewed energy with the revitalized River Walk, Moccasin Springs Natural Mineral Spa, Angostura Reservoir, Wind Cave National Park, The Mammoth Site, growing tourism, and visitors rediscovering everything the area has to offer. The current owners have continued to improve the property while preserving its character, creating a foundation that allows a new owner to operate immediately while implementing their own vision over time. Potential uses include boutique lodging, destination dining, wellness retreats, weddings, corporate retreats, family reunions, boutique retail, live entertainment, massage and spa services, or other hospitality concepts. Guests can spend days exploring the Southern Black Hills, enjoying nearby lakes and parks, experiencing the area's natural hot springs, and returning to relax along the river. This is more than a commercial property. It is an opportunity to create experiences, build a destination, and become part of the continued revitalization of one of South Dakota's most historic resort communities. Call or message Cheri St Pierre Berkshire Hathaway Home Services Midwest Realty for your private tour or questions 605-390-2481 See the video tour https://youtu.be/6gZOdwrld8c?si=64CCN1n2OhjyxpTX.

603 N River St, Hot Springs
$1,600,000
177343 MLS
A rare opportunity in the heart of Hot Springs! Red Rock River Resort is a one-of-a-kind hospitality property offering a unique blend of historic charm, lodging flexibility, event potential, wellness amenities, and added commercial opportunity. Built in 1891 with striking sandstone character, this property is ready for its next chapter—whether as a boutique destination, retreat venue, or income-producing investment. The resort features 17 guest accommodations, including a desirable two-bedroom apartment, providing excellent options for short-term rentals, extended stays, or on-site management. Designed for hosting and gatherings, the property includes a full kitchen and dedicated dining room, and includes a liquor license ideal for serving guests, groups, and events. A standout highlight is the large event center with capacity for up to 250 people, perfect for weddings, receptions, reunions, corporate events, and private celebrations. The event center also offers four attached bedrooms, adding additional lodging and convenience for event weekends. Adding to the guest experience is an on-site spa and wellness area featuring specialty spaces including a hot sand room, granite room, hot soaking tub room, and massage rooms—a rare amenity that truly sets this property apart. The property also includes available retail space, offering additional income potential and flexibility for boutique, gift shop, or guest-focused services. With additional room to grow, the basement offers exciting potential for future expansion—imagine creating a unique lounge or speakeasy-style space to elevate the guest experience even further. With lodging, event space, dining infrastructure, spa features, and expansion potential all in one location, Red Rock River Resort is a truly exceptional opportunity in Hot Springs, SD.

603 N River St, Hot Springs
$1,400,000
2 Beds ⋅ 2 Baths ⋅ 85993 MLS
COUNTRY LIVING AT ITS FINEST! A SLICE OF HEAVEN IN THE BLACK HILLS Escape the hustle and bustle and experience peaceful living with this beautiful custom log-style home on 28.95 acres in the tranquil Lone Elk Subdivision, just south of Custer and Pringle, South Dakota. This property features five individual parcels for a total of nearly 29 acres-plenty of space for privacy, recreation, or future dreams. The home's warm and inviting interior combines log and Southwest-inspired finishes, complemented by three propane fireplaces for cozy nights in. The open, light-filled floor plan showcases breathtaking views in every direction, with a spacious master suite, comfortable guest bedroom, and a loft that offers a versatile third sleeping area. Wrap yourself in nature with a full wraparound deck, perfect for morning coffee, stargazing, or simply soaking up the quiet beauty of the Black Hills. Practicality meets charm with stone veneer accents, a paved driveway, attached two-car garage with workshop, and a second detached two-car garage for extra storage. Water is provided by the Southern Black Hills Rural Water Association, and a cistern is also in place if desired.

11935 Lone Elk Drive, Hot Springs