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$105,000
87457 MLS
For more information, please contact listing agents Scot Munro 605-641-6482 or Heath Gran 605-209-2052 with Great Peaks Realty. Situated in the Terry Peak area, this 0.46± acre lot offers a wooded setting with mature trees and scenic views. Enjoy a peaceful setting with easy access to year-round recreation, including skiing, snowmobiling, and hiking, while still being a short drive to Lead and Deadwood. A great opportunity to build a cabin, vacation property, or full-time residence in one of the Black Hills’ most desirable locations!

21179 Turkey Trail, Lead
$299,000
87422 MLS
Call Ashley Kurtenbach Whitetail Properties 605-201-9333. 2.57 +/- acre parcel located in Aventure Estates on Terry Peak Summit Road in Lawrence County, South Dakota. This partially wooded lot offers county maintained road access with utilities nearby. The property is considered buildable, subject to county and subdivision regulations. Located between Lead and Spearfish Canyon, the property provides access to year round outdoor recreation. Nearby opportunities include skiing at Terry Peak, hiking, mountain biking, creek fishing, and snowmobiling. The surrounding elevated terrain offers scenic views of the Black Hills landscape, with a short walk toward the nearby tower area. Approximate distances include 5 miles to Lead, 8 miles to Deadwood, and 14 miles to Spearfish. Rapid City is approximately 45 miles to the southeast and provides regional services and an airport. Buyer to verify all information, utilities, access, and intended use.

TBD Terry Peak Summit Rd, Lead
$235,000
87411 MLS
Create your ideal mountain residence or private retreat on this outstanding 1.13-acre homesite in the Trailside Addition at Powder House Pass. Tucked among tall pines within the Black Hills National Forest, the property offers a quiet, wooded backdrop with year-round access and a true sense of mountain seclusion without feeling remote. The natural topography makes this parcel especially well-suited for a walkout basement design, allowing you to maximize both living space and views while blending seamlessly into the surrounding landscape. With over an acre to work with, there is ample flexibility to position your home for privacy, sunlight, and outdoor entertaining areas. Adventure and recreation are just minutes away. Enjoy skiing and snowboarding at Terry Peak Ski Area, explore the historic charm and entertainment of Deadwood, South Dakota, take in the breathtaking scenery of Spearfish Canyon, or bike and hike the miles of picturesque trails along the Mickelson Trail. Whether you’re planning a full-time residence or a seasonal escape, this lot combines forest tranquility with close proximity to some of the Black Hills’ most desirable destinations. Parcels offering this size, setting, and build potential are increasingly rare — an exceptional opportunity to secure your own piece of the Black Hills lifestyle.

11292 Trailside Loop, Lead
$729,000
4 Beds ⋅ 177420 MLS
Located in a high-traffic area between Lead and Terry Peak, this commercially zoned property offers incredible versatility—ideal for a business location, vacation rental, or single-family residence. Just minutes from Terry Peak Ski Area, off-roading trails, hiking, and endless outdoor recreation. Interior features include vaulted ceilings, beautiful wood accent walls, stylish barn doors, and a well-appointed kitchen with a tiled backsplash. A unique opportunity in a prime Black Hills location—call today to learn more!

11386 Other 11386 Highway 14a, Lead
$240,000
177421 MLS
An exceptional opportunity to own 19.72 acres of land in a fantastic location with amazing views! With no covenants, this property offers the freedom to build your ideal cabin, getaway, or dream home just the way you want. The elevated setting provides beautiful scenery and privacy, making it an ideal spot for a recreational retreat or future homesite. A rare chance to enjoy space, views, and flexibility in a great Black Hills location!

TBD Other Roman Road, Lead
$240,000
87382 MLS
For more information, please contact listing agent Michael Warwick 605-641-2569 with Great Peaks Realty. An exceptional opportunity to own 19.72 acres of land in a fantastic location with amazing views! With no covenants, this property offers the freedom to build your ideal cabin, getaway, or dream home just the way you want. The elevated setting provides beautiful scenery and privacy, making it an ideal spot for a recreational retreat or future homesite. A rare chance to enjoy space, views, and flexibility in a great Black Hills location!

TBD Roman Road, Lead
$729,000
4 Beds ⋅ 4 Baths ⋅ 87379 MLS
For more information, contact listing agent Michael Warwick 605-641-2569 with Great Peaks Realty. Located in a high-traffic area between Lead and Terry Peak, this commercially zoned property offers incredible versatility—ideal for a business location, vacation rental, or single-family residence. Just minutes from Terry Peak Ski Area, off-roading trails, hiking, and endless outdoor recreation. Interior features include vaulted ceilings, beautiful wood accent walls, stylish barn doors, and a well-appointed kitchen with a tiled backsplash. A unique opportunity in a prime Black Hills location—call today to learn more!

11386 Highway 14a, Lead
$163,000
2 Beds ⋅ 1 Baths ⋅ 87369 MLS
Tucked into the hillside on a quiet street in historic Lead, this charming 2 bed, 1 bath home offers a cozy retreat with a peaceful Black Hills setting. Positioned above the road for added privacy, the property enjoys a sense of seclusion while remaining just minutes from downtown Lead and Deadwood amenities. Inside, you’ll find a functional layout filled with natural light and a warm, inviting atmosphere. The space is thoughtfully designed for comfort and efficiency, making it well suited as a primary residence, mountain getaway, or investment opportunity. Unique character and smart use of space add to the home’s appeal. Outside, the setting offers low-maintenance living and a calm, country feel surrounded by the natural landscape with a garden area ready for planting. Whether you’re seeking a full-time home, a weekend escape, or a property with rental potential, this home delivers character, location, and versatility in one of Lead’s most charming hillside neighborhoods. Listed by Corttnee Schmidt, eXp Realty, 6057706962

705 W Upper Addie Street, Lead
$1,190,000
177340 MLS
The Stampmill Inn and Shot in the Dark Saloon is an award-winning (BEST American food restaurant in Lawrence County in 2025—highest Google rated), full-service restaurant and saloon in downtown Lead, South Dakota. On the main floor of this 10,800 sq ft building is the restaurant, saloon, 2 bathrooms and a newly expanded and remodeled kitchen in 2024. A full liquor license comes with this business, which is valued at $100,000. The full-service restaurant seats 60, and an additional 40 when the patio is open. The food trailer accommodates the expanded food and beverage demand when the high-demand patio is open. In fact, the 2023 food trailer almost doubles the kitchen capacity when open. The basement is more kitchen area (prep kitchen), (dishwashing station), ice machines, storage, loading dock and office area. On the 2nd floor is the boutique Victorian inn comprised of 2, two-room suites with full baths, along with a full laundry and small kitchen. They are unique in that they have a separate entrance to the suites. The Sanford Underground Laboratory (SURF) is gearing up and has created short-term, medium-term, and long-term housing demand. The inn has been able to accommodate different housing support of the scientific researchers’ needs. The 3rd floor is wide-open for the new buyer to create their own vision. This floor has 8 rooms ready for development along with some electricity already installed.

305 W Main St, Lead
$1,190,000
87333 MLS
The Stampmill Inn and Shot in the Dark Saloon is an award-winning (BEST American food restaurant in Lawrence County in 2025—highest Google rated), full-service restaurant and saloon in downtown Lead, South Dakota. On the main floor of this 10,800 sq ft building is the restaurant, saloon, 2 bathrooms and a newly expanded and remodeled kitchen in 2024. A full liquor license comes with this business, which is valued at $100,000. The full-service restaurant seats 60, and an additional 40 when the patio is open. The food trailer accommodates the expanded food and beverage demand when the high-demand patio is open. In fact, the 2023 food trailer almost doubles the kitchen capacity when open. , On the 2nd floor is the boutique Victorian inn comprised of 2, two-room suites with full baths, along with a full laundry and small kitchen. They are unique in that they have a separate entrance to the suites. The Sanford Underground Laboratory (SURF) is gearing up and has created short-term, medium-term, and long-term housing demand. The inn has been able to accommodate different housing support of the scientific researchers’ needs. The 3rd floor is wide-open for the new buyer to create their own vision. This floor has 8 rooms ready for development along with some electricity already installed.

305 W Main Street, Lead
$299,900
177289 MLS
8 Baltimore Ave, Lead, SD – This recently remodeled duplex offers an excellent investment opportunity or the perfect live-in/rent-out option. Each unit features 3 spacious bedrooms, an updated full bath, large living areas, new appliances, modern floor coverings, and stylish updated fixtures. This historic property has been thoughtfully improved with new siding, asphalt shingles, windows, decks, and more—making it virtually maintenance-free for years to come. Both units enjoy access to the unfinished basement with extra storage space and a brand-new washer and dryer. Located just one block off Main Street, less than a mile from the Sanford Underground Research Facility, and only minutes from Terry Peak Ski Area, this property offers both convenience and year-round appeal. Whether you’re looking to expand your rental portfolio or settle into one unit while generating income from the other, 8 Baltimore is a move-in-ready opportunity in the heart of the Black Hills.

8 Baltimore, Lead
$254,000
87312 MLS
Coveted Powderhouse Pass lot for sale located in the epicenter of Black Hills recreation. UTV, snowmobile trail borders the west end of the development, ski Terry Peak just minutes away, fish, hunt, hike the incredible Michelson Trail, all that the million acres of USFS has to offer just outside the development. A short drive to historic Lead and Deadwood, where you will enjoy year-round promoted entertainment, food variety and gaming, schools and a taste of history. The closest airport is less than 30 minutes to Spearfish where more shopping options are located and commercial flights out of Rapid City is within hour. Powder House Pass allows vacation rentals and is comprised of a variety of traditional and modern upscale homes. A heated swimming pool, community center and game room are available for your enjoyment. The lot is lightly trees on an inside curve set up ideally for a walkout basement build taking advantage of the mountain views and privacy. Association water and sewer, BHP electricity and MDU natural gas is in place to the lot line.

11291 Trailside Loop, Lead
$299,900
87298 MLS
8 Baltimore Ave, Lead, SD – This recently remodeled duplex offers an excellent investment opportunity or the perfect live-in/rent-out option. Each unit features 3 spacious bedrooms, an updated full bath, large living areas, new appliances, modern floor coverings, and stylish updated fixtures. This historic property has been thoughtfully improved with new siding, asphalt shingles, windows, decks, and more—making it virtually maintenance-free for years to come. Both units enjoy access to the unfinished basement with extra storage space and a brand-new washer and dryer. Located just one block off Main Street, less than a mile from the Sanford Underground Research Facility, and only minutes from Terry Peak Ski Area, this property offers both convenience and year-round appeal. Whether you’re looking to expand your rental portfolio or settle into one unit while generating income from the other, 8 Baltimore is a move-in-ready opportunity in the heart of the Black Hills.

8 Baltimore Street, Lead
$3,000
87283 MLS
For more information, please contact listing agents Heath Gran 605-209-2052 or Scot Munro 605-641-6482 with Great Peaks Realty. Here is an opportunity to rent a 3,000 sq ft commercial shop on Main Street in Lead with a perfect, centralized high-traffic location! Equipped with 400-amp service, heated floors, bathroom and office, this setup is ready for you featuring off-street parking! Negotiable to include the two car lifts. Other rental option also available at $3,500/month includes shop equipment & tools.

325 E Main Street, Lead
$399,000
177270 MLS
Here is an opportunity to own a 3,000 sq ft commercial shop on Main Street in Lead with a perfect, centralized high-traffic location! Equipped with 400-amp service, heated floors, bathroom and office, this setup is ready for you featuring off-street parking! Negotiable to include the two car lifts.

325 E Main St, Lead
$399,000
87281 MLS
For more information, please contact listing agents Heath Gran 605-209-2052 or Scot Munro 605-641-6482 with Great Peaks Realty. Here is an opportunity to own a 3,000 sq ft commercial shop on Main Street in Lead with a perfect, centralized high-traffic location! Equipped with 400-amp service, heated floors, bathroom and office, this setup is ready for you featuring off-street parking! Negotiable to include the two car lifts.

325 E Main Street, Lead
$1,150,000
4 Beds ⋅ 177247 MLS
Listed by Daneen Jacquot Kulmala South Dakota Properties 605-484-7832 & Steve Kulmala South Dakota Properties 605-484-8501. Discover this beautifully designed 4-bedroom, 3-bath home in the highly sought-after Powder House Pass community offering the perfect blend of warmth, space, and modern comfort. Enjoy exceptional features throughout, including a heated 2-car garage, a wrap-around Trex deck, and a private hot tub patio ideal for relaxing after a day of outdoor adventure. Bright, open-concept living area with a cozy gas fireplace. Large kitchen with abundant storage, expansive workspace, and double ovens perfect for hosting large gatherings. Primary ensuite includes a walk-in closet and spacious bathroom.The open loft offers versatile space for a game room, second living area, or additional sleeping capacity ideal for guests or vacation rental flexibility. It is plumbed for additional bathroom upstairs. This cozy yet expansive cabin on private lot in the pines on over an acre is the perfect Black Hills getaway.

11312 Powderhouse Trail, Lead
$198,000
87257 MLS
Looking for that great location that is close to everything. Here it is! Located in the Powder House Pass development. Ride snowmobiles, ski, bike, fish or hike minutes from your door. Looking for more excitement? Just a few miles down the road in Deadwood you will find dining, exciting events concerts and gaming. Ready to kick back after a long day. Just wander down to the community Club House and enjoy the heated pool or play a game of pool with friends. It is all here! Close to Spearfish Canyon, Lead, Deadwood and Sturgis.

TBD Westwind Ct., Lead
$999,000
4 Beds ⋅ 5 Baths ⋅ 87237 MLS
Contact listing agent Brandon Harvey 605-920-9853 with Great Peaks Realty for more information or to schedule a showing of this impressive Black Hills cabin. Situated on 3.34 acres, this fully furnished home offers zero-entry (no steps to enter) and main level living, making it perfect for all stages of life. Whether you're looking for a move in ready home, vacation rental, family getaway cabin, or a retirement home, this is sure to check many boxes. Featuring four spacious bedrooms, including not one, not two, but three ensuites — a true rarity that ensures privacy and comfort for everyone in the household. The convenience of main-level laundry and an additional laundry area upstairs elevates everyday living, making chores less of a hassle. Conveniently located within the desirable Paradise Acres Subdivision, between Spearfish and Deadwood, makes daily errands a breeze and year-round entertainment is just a short drive away. Paradise Acres features city water, high speed internet, natural gas, and good access.

20752 Morning Star Road, Lead
$1,299,999
4 Beds ⋅ 177173 MLS
This custom-built rustic retreat is tucked away on 7.66 acres just off of Maitland Road in Paradise Acres III, with close proximity to the surrounding recreation throughout the Northern Black Hills, right outside your door! The 3200+ sq ft home will come fully furnished, move-in ready or ready for you to operate as an established vacation rental! This property is built to showcase the expansive views of the Black Hills to be enjoyed from every space of this home or the large back deck. The main level offers vaulted, rustic tongue and groove ceiling and gas fireplace in the living area, open concept to a spacious kitchen featuring a center island, granite countertops and pantry offering additional storage. Main floor also includes a 2nd bedroom and bathroom in addition to the primary suite with double sink vanity, tiled shower, access to the deck and barn-door accent, plus full laundry hookups in the walk-in closet. Appreciate a heated 2-car garage completely finished with epoxy floors. The large basement is a great space for entertaining with a wet bar, gas fireplace, walkout to the outdoor private patio to enjoy the hot tub, plus two additional bedrooms and full bathroom. The listing includes the neighboring 5+ acre lot for room to expand this mountain oasis to complete your forever dream home!

20829 Morning Star Rd, Lead
$1,299,999
4 Beds ⋅ 3 Baths ⋅ 87218 MLS
For more information, please contact listing agents Heath Gran 605-209-2052 or Scot Munro 605-641-6482 with Great Peaks Realty. This custom-built rustic retreat is tucked away on 7.66 acres just off of Maitland Road in Paradise Acres III, with close proximity to the surrounding recreation throughout the Northern Black Hills, right outside your door! The 3200+ sq ft home will come fully furnished, move-in ready or ready for you to operate as an established vacation rental! This property is built to showcase the expansive views of the Black Hills to be enjoyed from every space of this home or the large back deck. The main level offers vaulted, rustic tongue and groove ceiling and gas fireplace in the living area, open concept to a spacious kitchen featuring a center island, granite countertops and pantry offering additional storage. Main floor also includes a 2nd bedroom and bathroom in addition to the primary suite with double sink vanity, tiled shower, access to the deck and barn-door accent, plus full laundry hookups in the walk-in closet. Appreciate a heated 2-car garage completely finished with epoxy floors. The large basement is a great space for entertaining with a wet bar, gas fireplace, walkout to the outdoor private patio to enjoy the hot tub, plus two additional bedrooms and full bathroom. The listing includes the neighboring 5+ acre lot for room to expand this mountain oasis to complete your forever dream home!

20829 Morning Star Road, Lead
$3,463,676
177089 MLS
The sky is the limit with this 231.68 acre property south of Deadwood & Lead. Privacy or development potential – the choice is yours. The property has many beautiful vantage points with several ideal building sites scattered throughout the property. Power is nearby – buyer to verify to their own satisfaction. Information was taken from county records, and buyer responsible for verifying all information on this MLS document. If utilities are in the area, it is the buyer’s responsibility to verify to their satisfaction for the availability and location. Full & final legal description to be determined by Title.

231.68 Acres White Forest Rd & Yellow Creek Road, Lead
$3,463,676
87155 MLS
Contact listing agents Scot Munro 605-641-6482 or Heath Gran 605-209-2052 with Great Peaks Realty. The sky is the limit with this 231.68 acre property south of Deadwood & Lead. Privacy or development potential – the choice is yours. The property has many beautiful vantage points with several ideal building sites scattered throughout the property. Power is nearby – buyer to verify to their own satisfaction. Information was taken from county records, and buyer responsible for verifying all information on this MLS document. If utilities are in the area, it is the buyer’s responsibility to verify to their satisfaction for the availability and location. Full & final legal description to be determined by Title.

231.68 Acres Yellow Creek Road, Lead
$3,840,000
4 Beds ⋅ 177080 MLS
A rare opportunity to build a thoughtfully designed luxury mountain home where architecture, lifestyle, and location come together seamlessly. Private tours and additional details available by contacting Cher Rhoades, Oak & Key Realty – 605.639.1158. Luxury Mountain Home | Deer Mountain Village – Lot 55 4,750 Sq. Ft. | 3 Bedrooms + Office | 3.5 Bathrooms Thoughtfully designed to embrace its natural surroundings, this proposed 4,750 sq. ft. mountain residence blends modern luxury with functional design in the sought-after Deer Mountain Village community. The main level features an open-concept living, dining, and kitchen area with expansive windows and direct access to multiple outdoor decks and patios—ideal for entertaining and indoor-outdoor living. The kitchen includes a large island, walk-in pantry, and seamless flow into the dining space. The primary suite is privately located on the main level and offers a spacious walk-in closet and spa-inspired bathroom. A dedicated office, powder room, generous storage, and well-designed entry complete the main floor. An attached multi-car garage connects through a functional mudroom and mechanical/storage area. The walk-out lower level includes a large family room/media space with access to an additional patio, two additional bedrooms, bathrooms, laundry, and ample storage. A private home gym and sauna enhance the home’s luxury retreat appeal. Located in Deer Mountain Village, offering year-round recreation including skiing, hiking, biking, and outdoor adventure—just minutes from Spearfish and the Northern Black Hills.

Lot 84R Deer Mountain Resort, Lead
$3,840,000
4 Beds ⋅ 4 Baths ⋅ 87140 MLS
A rare opportunity to build a thoughtfully designed luxury mountain home where architecture, lifestyle, and location come together seamlessly. Private tours and additional details available by contacting Cher Rhoades, Oak & Key Realty – 605.639.1158. Luxury Mountain Home | Deer Mountain Village – Lot 55 4,750 Sq. Ft. | 3 Bedrooms + Office | 3.5 Bathrooms Thoughtfully designed to embrace its natural surroundings, this proposed 4,750 sq. ft. mountain residence blends modern luxury with functional design in the sought-after Deer Mountain Village community. The main level features an open-concept living, dining, and kitchen area with expansive windows and direct access to multiple outdoor decks and patios—ideal for entertaining and indoor-outdoor living. The kitchen includes a large island, walk-in pantry, and seamless flow into the dining space. The primary suite is privately located on the main level and offers a spacious walk-in closet and spa-inspired bathroom. A dedicated office, powder room, generous storage, and well-designed entry complete the main floor. An attached multi-car garage connects through a functional mudroom and mechanical/storage area. The walk-out lower level includes a large family room/media space with access to an additional patio, two additional bedrooms, bathrooms, laundry, and ample storage. A private home gym and sauna enhance the home’s luxury retreat appeal. Located in Deer Mountain Village, offering year-round recreation.

Lot 84 Deer Mountain Road, Lead
$359,000
87100 MLS
Beautiful lot in the South Ridge Estates of Powder House Pass. These larger lots offer great views and a little more space and privacy. Close to the snowmobile trails and just minutes from Terry Peak ski area and Spearfish Canyon. Hop of the Mikkelson trail at the Englewood trailhead for hiking and biking. Deadwood is a short ride away for a night on the town. Relax at the Community Club House with pools, splash pad and game room. Photos are of general area and lines are not exact property lines.

TBD Lofty Pines Ct, Lead
$189,000
86970 MLS
Check out this PRIME piece of real estate in the heart of Powder House Pass subdivision in Lead, South Dakota! Priced at just under $124 an acre, this 1.53-acre lot is an incredible opportunity for its new owner to build their dream home or vacation retreat. Located at Lot 8, Block 5, Trailside Addition, this property offers breathtaking views of the surrounding mountains and lush forests. Whether you're looking for a personal getaway or a vacation rental investment, this lot is perfectly situated for outdoor enthusiasts—hiking, fishing, and adventure await right outside your door. Plus, you're just minutes from downtown Lead. Don’t miss out on this rare opportunity to own a slice of paradise, priced to sell and ready for your vision! Contact me today for more details. ?? Cher Rhoades | Oak & Key Realty ?? (605) 639-1158 Conveniently located with easy, direct access to: Highway 85, 14A, with continued access to Interstate 90 The Mickelson Trail: 0.5 miles Lead: 3 miles Historic Deadwood: 5 miles Spearfish Canyon: 5 miles Snowmobile Trails: direct access Terry Peak Ski Area: 6 miles

Lot 8 Block 5 Trailside Loop, Lead
$189,000
176867 MLS
Check out this PRIME piece of real estate in the heart of Powder House Pass subdivision in Lead, South Dakota! Priced at just below $124 an acre, this 1.53-acre lot is an incredible opportunity for its new owner to build their dream home or vacation retreat. Located at Lot 8, Block 5, Trailside Addition, this property offers breathtaking views of the surrounding mountains and lush forests. Whether you're looking for a personal getaway or a vacation rental investment, this lot is perfectly situated for outdoor enthusiasts—hiking, fishing, and adventure await right outside your door. Plus, you're just minutes from downtown Lead. Don’t miss out on this rare opportunity to own a slice of paradise, priced to sell and ready for your vision!

Lot 8 Trailside Loop Lot 8 Block 5 Trailside Loop, Lead
$155,000
86951 MLS
For more information, please contact listing agents Michael Warwick 605-641-2569 or Heath Gran 605-209-2052 with Great Peaks Realty. Now is your chance to build your very own cabin on this amazing 0.57+/- acre lot in a desirable location near many biking & hiking trails, Terry Peak Ski Area, and Historic Deadwood. Powder House Pass Subdivision has a lot to offer with its community clubhouse that has two pools, paved roads throughout, beautiful pine & aspen trees and a popular area for vacation rentals! Do not miss out, call now!

Lot 12 Block 4 Trailside Road, Lead
$155,000
176835 MLS
Now is your chance to build your very own cabin on this amazing 0.57+/- acre lot in a desirable location near many biking & hiking trails, Terry Peak Ski Area, and Historic Deadwood. Powder House Pass Subdivision has a lot to offer with its community clubhouse that has two pools, paved roads throughout, beautiful pine & aspen trees and a popular area for vacation rentals! Do not miss out, call now!

Lot 12 Block 4 Other, Lead