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$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
$995,000
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 food trailer is being listed for sale outside of this listing. If it sells before the restaurant, it will NOT be included in the sale of the restaurant. 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
$995,000
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. Food trailer is being sold separately and if it sells first, it of course, will NOT be included in the Stampmill Inn and Suites sale. 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
$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
$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
$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 on 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.

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
$147,000
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
$147,000
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
$1,100,000
3 Beds ⋅ 176816 MLS
Rare opportunity to own a ski-in ski-out luxury townhouse at the region's premier family friendly ski-resort! Located at Terry Peak Estates this spacious townhome offers one of a kind views of the ski mountain and surrounding Black Hills. After hitting the slopes warm up by the fire and relax in this 3,095 square foot townhome with plenty of room to entertain family and friends. There are three large living rooms, a well appointed kitchen with breakfast bar, dining room, three bedrooms, two and 1/2 baths, two car heated garage, and large entry way with plenty of room for all of your gear. Located just minutes from Historic Deadwood, SD with it's renowned entertainment and dining this chalet is the perfect launch pad for all of your year round Black Hills adventures!

21152 Stewart Slope Cir, Lead
$1,500,000
3 Beds ⋅ 176810 MLS
Rare opportunity to own a ski-in ski-out luxury townhouse at the region's premier family friendly ski-resort! Located at Terry Peak Estates this spacious townhome offers one of a kind views of the ski mountain and surrounding Black Hills. After hitting the slopes warm up by the fire and relax in this 3,141 square foot townhome with plenty of room to entertain family and friends. There are three large living rooms, a well appointed kitchen with breakfast bar, dining room, three bedrooms, two and 1/2 baths, two car heated garage, and large entry way with plenty of room for all of your gear. This chalet also has a large covered pavilion with overhead heat, fireplace, kitchen and bath, for entertaining large groups or just hanging out slope side. There is also an additional two car garage below the pavilion perfect for snowmobile storage. Located just minutes from Historic Deadwood, SD with it's renowned entertainment and dining this chalet would be the perfect launch pad for all of your year round Black Hills adventures!

21150 Stewart Slope Cir, Lead
$1,200,000
4 Beds ⋅ 176792 MLS
Rare opportunity to own a luxury townhouse at the region's premier family friendly ski-resort! Located at Terry Peak Estates this spacious townhome offers one of a kind views of the ski mountain and surrounding Black Hills. After hitting the slopes warm up by the fire and relax in this 3,344 square foot townhome with plenty of room to entertain family and friends. There are three large living rooms, a well appointed kitchen with breakfast bar, dining room, four bedrooms, two and 1/2 baths, one car garage, and large entry way with plenty of room for all of your gear. Located just minutes from Historic Deadwood, SD with it's renowned entertainment and dining this chalet would be the perfect launch pad for all of your year round Black Hills adventures!

21174 Stewart Slope Cir, Lead
$1,250,000
4 Beds ⋅ 176791 MLS
Rare opportunity to own a luxury townhouse at the region's premier family friendly ski-resort! Located at Terry Peak Estates this spacious townhome offers one of a kind views of the ski mountain and surrounding Black Hills. After hitting the slopes warm up by the fire and relax in this 3,344 square foot townhome with plenty of room to entertain family and friends. There are three large living rooms, a well appointed kitchen with breakfast bar, dining room, four bedrooms, three baths, one car garage, and large entry way with plenty of room for all of your gear. This property also has a permitted foundation poured for an additional detached garage with flex space above it. Located just minutes from Historic Deadwood, SD with it's renowned entertainment and dining this chalet would be the perfect launch pad for all of your year round Black Hills adventures!

21172 Stewart Slope Cir, Lead
$898,500
4 Beds ⋅ 176766 MLS
This turn-key 4-bedroom, 3-bath cabin in the Gilded Mountain Subdivision is a rare find! Enjoy stunning views from the two-story covered wraparound deck with an outdoor rock fireplace—perfect for relaxing or entertaining. The open-concept living area features vaulted ceilings, hardwood floors, abundant windows, and a massive rock gas fireplace. The impressive kitchen includes a large center island with a built-in cutting board, beautiful cabinetry, a beverage refrigerator, and commercial-grade stainless steel appliances. The main level offers two bedrooms, a bathroom with walk-in shower, wet bar, and laundry room. The private upper-level master suite features a spacious walk-in closet, beautiful bath, and incredible Black Hills views. The basement includes a family room, two additional bedrooms, and another bathroom. A large detached two-car garage includes a finished rec room/loft with insulation, mini-split, and new carpet. Located minutes from Terry Peak Ski Resort, snowmobile trails, Deadwood, Sturgis, and outdoor recreation, plus access to the Gilded Mountain association pool and gathering space. Don't miss your chance, call now!

21159 Gilded Mountain Lp, Lead
$898,500
4 Beds ⋅ 3 Baths ⋅ 86910 MLS
For more information, please contact listing agents Scot Munro 605-641-6482 with Great Peaks Realty or Ashley Goodrich 605-645-2479 with RE/MAX In The Hills. This turn-key 4-bedroom, 3-bath cabin in the Gilded Mountain Subdivision is a rare find! Enjoy stunning views from the two-story covered wraparound deck with an outdoor rock fireplace—perfect for relaxing or entertaining. The open-concept living area features vaulted ceilings, hardwood floors, abundant windows, and a massive rock gas fireplace. The impressive kitchen includes a large center island with a built-in cutting board, beautiful cabinetry, a beverage refrigerator, and commercial-grade stainless steel appliances. The main level offers two bedrooms, a bathroom with walk-in shower, wet bar, and laundry room. The private upper-level master suite features a spacious walk-in closet, beautiful bath, and incredible Black Hills views. The basement includes a family room, two additional bedrooms, and another bathroom. A large detached two-car garage includes a finished rec room/loft with insulation, mini-split, and new carpet. Located minutes from Terry Peak Ski Resort, snowmobile trails, Deadwood, Sturgis, and outdoor recreation, plus access to the Gilded Mountain association pool and gathering space. Don't miss your chance, call now!

21159 Gilded Mountain Loop, Lead
$789,000
5 Beds ⋅ 176765 MLS
Own a stunning cabin at Terry Peak, built in 2019 and located just down the street from the ski area. Surrounded by pine trees, this 5-bedroom, 3.5-bath home offers beautiful views from the back deck and is minutes from Deadwood and Black Hills recreation. The open-concept main level features wood floors, vaulted ceilings, large windows, and a spacious living room with a stone gas fireplace. The kitchen includes granite countertops, a large island, and ample storage, along with a master suite, laundry room, and half bath. The upper level offers a loft overlooking the living room, two bedrooms, and a full bath with double vanity. The walkout basement includes a large family room, two bedrooms, and a Jack-and-Jill bath—perfect for guests. Call now to make this beautiful cabin yours!

21185 Lost Camp Trail, Lead