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Lot 109 Deer Mountain Deer Mountain Village, Lead
$3,042,000
4 Beds ⋅ 181580 MLS
The Buckhorn | Luxury Mountain Retreat – Deer Mountain Village, Lot 109 Discover an exceptional opportunity to create your dream mountain retreat in Deer Mountain Village. Perched along the mountainside, Lot 109 offers sweeping down-valley views of Raspberry Gulch and stunning uphill vistas of Terry Peak, providing a breathtaking setting for luxury mountain living. Designed by renowned Denton House Design Studio, The Buckhorn blends sophisticated architecture, thoughtful design, and the natural beauty of the Black Hills. With schematic floor plans underway and a semi-custom design envisioned specifically for this homesite, buyers have a valuable head start while retaining the opportunity to personalize finishes and design details. Designed for relaxation and entertaining, the home features inviting gathering spaces, a welcoming fireplace, spacious game room, and covered outdoor living areas positioned to capture the mountain scenery. From peaceful mornings on the deck to evenings gathered around the fire after a day of adventure, every space celebrates the mountain lifestyle. Deer Mountain Village offers an extraordinary four-season experience with direct access to Forest Service land and endless opportunities for skiing, snowmobiling, hiking, biking, and fishing. Community amenities enhance the resort-inspired lifestyle, while paved roads, municipal water, Black Hills Electric, and high-speed fiber optic internet provide modern conveniences. More than a mountain getaway, The Buckhorn offers an opportunity to create a lasting legacy where luxury, adventure, and natural beauty come together. For additional details or a private tour of Deer Mountain Village, contact Cher Rhoades | Oak & Key Realty | 605.639.1158.

Lot 109 Deer Mountain Deer Mountain Village, Lead

160a Hidden Valley Trail, Rapid City
$3,000,000
180974 MLS
The search for exceptional residential development land around Rapid City increasingly comes down to finding land that offers something the competition doesn't. This 160-acre mountain property, located NW of Rapid City, offers precisely that, with Black Hills National Forest bordering the property to the north. The property combines substantial acreage, natural forest, and mountain elevation, with the potential to create a collection of highly desirable luxury residential homesites. The Eastern side of the hillside was historically utilized for surface gravel extraction and has since been reclaimed, creating areas of usable terrain and an established access route from the road at the base of the property. Above it all, the mountain's defining asset is the view. Multiple potential home sites could occupy commanding positions above the surrounding landscape, offering the prospect of sweeping views across forested terrain, nature, and Rapid City. This is not simply an opportunity to divide 160 acres into lots. It is an opportunity to create a luxury residential environment. Unlike established subdivisions where the most desirable locations have already been absorbed, this property offers the opportunity to identify and create premium homesites from the beginning. A premier luxury subdivision. A collection of extraordinary mountain estates. Or one incomparable private 160-acre estate. The vision is yours. The land is here. Listed by Randy Olivier, RE/MAX Advantage, 605.430.6246.

160a Hidden Valley Trail, Rapid City

604 N Main St 604-630 N Main Street, Spearfish, Spearfish
$2,999,999
90284 MLS
Rare opportunity to acquire the historic Kelley Block in the heart of downtown Spearfish. Spanning 604 - 630 N Main Street, this approximately 63,000 square-foot, income-producing property offers a diverse mix of street-level retail, restaurant, professional office and service spaces, residential apartments, a dance hall and the historic Matthews Opera House. Several tenants have occupied the property for decades, providing an established tenant mix and multiple income streams, including additional revenue from an AT&T rooftop communications lease. Major improvements include an approximately $250,000, 80-mil PVC membrane roof covering all three roof sections, approximately $50,000 in electrical upgrades, new gas lines serving the rooftop HVAC equipment, completed sewer work, and extensive updates to apartments and commercial suites. The property also includes multiple basements, attic storage, an elevator and adjacent tenant parking. Financials, leases, floor plans and supporting property documents are available to qualified buyers. Buyer and buyer's agent to verify all information.

604 N Main St 604-630 N Main Street, Spearfish, Spearfish

604 Main Street, Spearfish
$2,999,999
90284 MLS
Rare opportunity to acquire the historic Kelley Block in the heart of downtown Spearfish. Spanning 604 - 630 N Main Street, this approximately 63,000 square-foot, income-producing property offers a diverse mix of street-level retail, restaurant, professional office and service spaces, residential apartments, a dance hall and the historic Matthews Opera House. Several tenants have occupied the property for decades, providing an established tenant mix and multiple income streams, including additional revenue from an AT&T rooftop communications lease. Major improvements include an approximately $250,000, 80-mil PVC membrane roof covering all three roof sections, approximately $50,000 in electrical upgrades, new gas lines serving the rooftop HVAC equipment, completed sewer work, and extensive updates to apartments and commercial suites. The property also includes multiple basements, attic storage, an elevator and adjacent tenant parking. Financials, leases, floor plans and supporting property documents are available to qualified buyers. Buyer and buyer’s agent to verify all information.

604 Main Street, Spearfish

24741 Timber Ridge Rd, Hermosa
$2,999,000
4 Beds ⋅ 176751 MLS
The Pinnacle of Black Hills Luxury: 70-Acre Equestrian Paradise. Rare opportunity to own a private, 70-acre sanctuary where the rich history and raw, rugged beauty of the Black Hills converge with the uncompromised luxury of a custom-built home. This property offers a unique lifestyle for the discerning buyer seeking connection to the land without sacrificing modern elegance. The essence of South Dakota living & premium upgrades nestled amid a dense, ponderosa pine forest, the home is perfectly positioned to showcase breathtaking panoramic views of the surrounding mountains. Expansive, private acreage featuring pastures, treed areas, and 2 acres of professionally landscaped, irrigated grounds featuring a pond and waterfall. The turn-key equestrian facility is ideal for the serious enthusiast, featuring a well-designed barn with 6 heated stalls, ample pastureland, and a professional riding arena. The estate operates with enhanced self-sufficiency, utilizing two solar power stations with dual battery stacks, and two dedicated wells. Control the ambiance with the sophisticated Lutron lighting system and Sonos sound system. The indoor chef's kitchen features top-tier appliances for all your culinary wants and needs, or step outside to the newly expanded deck, with a fully equipped outdoor BBQ kitchen and a custom fire pit, perfect for al fresco dining under the stars. Additional features include a movie theater, wine cellar, expansive home office, commercial-grade Wi-Fi system ensuring seamless connectivity, comprehensive full alarm monitoring system, 100-gallon water heater, a new washer/dryer set, a Leaf Filter gutter system, and so much more. Located just a short 30-minute drive from the Rapid City Regional Airport (RAP) and 15 minutes to historic downtown Keystone. This is more than a home; it is an experience—a private sanctuary that defines luxury living in the American West. Listed by Jeff Larsen, Skyline Properties & Realty, 605-939-1218.

24741 Timber Ridge Rd, Hermosa

2315 Mt Rushmore Rd, Rapid City
$2,975,000
179979 MLS
11,085 SF turn-key restaurant facility for sale on Mt Rushmore Rd, one of Rapid City’s primary north-south commercial corridors. After 50 years as a community gathering place, the owners of Colonial House are retiring and offering the real estate and FF&E for sale. The building is configured as a full-service restaurant use with commercial kitchen, bar, dining areas, bakery production space, office, mezzanine storage, and support areas. The 2.87-acre site includes 105 paved parking spaces and direct access from Mt Rushmore Rd. The location has historically supported more than $5M in annual restaurant sales, demonstrating the strength of the site and corridor. Originally constructed in 1955 and fully remodeled down to the studs in 2015, the property offers an established restaurant location with decades of community goodwill. Ownership would welcome a buyer interested in carrying the Colonial House name forward, though the site is equally suited for a new restaurant concept or easily converted to a multi-tenant retail space. For additional information or to schedule a showing, contact Chris Long at 605-939-4489 or Dan Logan at 605-593-7980.

2315 Mt Rushmore Rd, Rapid City

1331 E North, Rapid City
$2,971,485
180203 MLS
Rare Turnkey Restaurant & Redevelopment Opportunity 1331 E. North Street | Rapid City, South Dakota An exceptional opportunity to acquire one of Rapid City's premier restaurant properties. This approximately 6,000-square-foot freestanding building is fully equipped for an upscale dining or hospitality concept and offers an immediate opportunity for owner-users, restaurant operators, or investors. The offering includes a complete commercial kitchen, expansive dining room, full bar area, outdoor patio with panoramic views of Rapid City's western hills, ample customer parking, and a comprehensive inventory of furniture, fixtures, and equipment (FF&E). The property is currently owned by an independent franchise owner however the national franchise has ceased operations, allowing a new operator to capitalize on an established location with minimal startup time. A copy of the appraisal may be available to qualified buyers upon execution of a Non-Disclosure Agreement (NDA). Strategically located at the intersection of East North Street and Campbell Street, the property benefits from outstanding visibility and accessibility within one of Rapid City's fastest-growing commercial districts. The surrounding area has experienced substantial investment, including new multifamily housing, retail, hospitality, and commercial development. Nearby destinations include Menards, Walmart, Sam's Club, Rushmore Crossing, Monument Health facilities, and the expanding Dakota Market Square development. The City of Rapid City has also approved a Tax Increment Financing (TIF) project to complete the missing segment of East Anamosa Street to Elk Vale Road, a major infrastructure improvement expected to enhance connectivity, increase commuter traffic, and further strengthen the area's long-term commercial appeal. Contact Christian Morgan, NorthStar Realty at 605-205-5124 or 970-396-8100 with questions or to arrange a tour.

1331 E North, Rapid City

TBD E 1st Ave Tbd Dodds Drive, Spearfish
$2,911,223
81633 MLS
For more information contact listing agents Polly Jones 605-645-6758 or Ashlee Cvach 605-645-2240 Cvach & Jones Realty, LLC. This commercial development property, zoned highway service commercial with high visibility, from interstate I-90, and easy access off Exit 14, Spearfish. South end of property borders I-90 right of way, West property boundary is bordered by Wal-Mart and the N boundary is bordered by Les Schwab Tire Center. All city services are accessible to this site, as well as electricity and natural gas. This district is made up of retail, other commercial and industrial properties as well, generating considerable volumes of vehicle traffic. There has been significant growth in this area of Spearfish and the surrounding. A rare opportunity to own this commercial site.

TBD E 1st Ave Tbd Dodds Drive, Spearfish

TBD 1st Avenue, Spearfish
$2,911,223
81633 MLS
For more information contact listing agents Polly Jones 605-645-6758 or Ashlee Cvach 605-645-2240 Cvach & Jones Realty, LLC. This commercial development property, zoned highway service commercial with high visibility, from interstate I-90, and easy access off Exit 14, Spearfish. South end of property borders I-90 right of way, West property boundary is bordered by Wal-Mart and the N boundary is bordered by Les Schwab Tire Center. All city services are accessible to this site, as well as electricity and natural gas. This district is made up of retail, other commercial and industrial properties as well, generating considerable volumes of vehicle traffic. There has been significant growth in this area of Spearfish and the surrounding. A rare opportunity to own this commercial site.

TBD 1st Avenue, Spearfish

Hermosa
$2,800,000
87942 MLS
Opportunity is knocking! $7000 per acre in the Black Hills! 400 Stunning Acres Near Hermosa – Breathtaking Views & Ultimate Privacy. Discover this exceptional 400-acre property just southwest of Hermosa. Easily accessible yet incredibly private, this land offers sweeping panoramic views—including a rare vantage point where you can see Mount Rushmore right from the top. A cozy 16' x 20' cabin, built in 2017, provides the perfect retreat to relax and take in the natural surroundings. Watch abundant wildlife roam the property, including a resident elk herd. The property is fully equipped with well, septic, and electric already in place. It is entirely perimeter fenced and cross-fenced, making it ideal for livestock or recreational use. Enjoy a beautiful mix of open pastures and gently sloping hillsides, accented by scattered Ponderosa Pine, Oak, and vibrant wildflowers. Multiple premium building sites offer incredible views in every direction. Conveniently located just off Highway 79 and only 22 miles from Rapid City, this property combines seclusion with accessibility. Price: $7000 per acre MLS #87942 Total Price: $2,800,000 For more information or to schedule a showing, call or text Carol at 605-440-0466.

Hermosa

Hermosa
$2,800,000
87942 MLS
Opportunity is knocking! $7000 per acre in the Black Hills! 400 Stunning Acres Near Hermosa – Breathtaking Views & Ultimate Privacy. Discover this exceptional 400-acre property just southwest of Hermosa. Easily accessible yet incredibly private, this land offers sweeping panoramic views—including a rare vantage point where you can see Mount Rushmore right from the top. A cozy 16' x 20' cabin, built in 2017, provides the perfect retreat to relax and take in the natural surroundings. Watch abundant wildlife roam the property, including a resident elk herd. The property is fully equipped with well, septic, and electric already in place. It is entirely perimeter fenced and cross-fenced, making it ideal for livestock or recreational use. Enjoy a beautiful mix of open pastures and gently sloping hillsides, accented by scattered Ponderosa Pine, Oak, and vibrant wildflowers. Multiple premium building sites offer incredible views in every direction. Conveniently located just off Highway 79 and only 22 miles from Rapid City, this property combines seclusion with accessibility. Price: $7000 per acre MLS #87942 Total Price: $2,800,000 For more information or to schedule a showing, call or text Carol at 605-440-0466.

Hermosa

616 Rio Dr, Spearfish
$2,799,000
5 Beds ⋅ 89032 MLS
Rarely does an opportunity arise to own nearly 38 acres on the highly coveted waters of Spearfish Creek. Combining a beautifully maintained custom home, year-round live water, abundant wildlife, exceptional privacy, and future development potential. Privately tucked behind a custom overhead entrance and accessed by paved roads, this remarkable estate has been owned and meticulously cared for by the same family for more than 30 years. Situated just minutes from Spearfish, the property offers the perfect balance of convenience, seclusion, and natural beauty. The beautifully constructed 4,840-square-foot residence was thoughtfully designed to maximize both comfort and the spectacular surroundings. Featuring 5 bedrooms and 4 bathrooms, the home offers generous living spaces, open beam construction, and timeless craftsmanship throughout. Granite countertop islands anchor the kitchen and gathering areas, while two jetted tubs provide luxurious comfort after a day spent enjoying the Black Hills. Large windows frame stunning views of the surrounding landscape, bringing the beauty of the outdoors into every season. The home's full walkout basement creates a seamless transition between indoor and outdoor living. An expansive deck overlooks the creek and backyard from the main level, while a massive lower-level patio provides the perfect space for entertaining family and friends or simply enjoying the peaceful sounds of flowing water.

616 Rio Dr, Spearfish

10900 Other 10888 Rimrock Place, Spearfish
$2,795,000
180903 MLS
Listed by Lori Barnett, Engel & Völkers, 605.786.5817 and Roger Riley, Riley Homes, 605.641.0960. Discover the epitome of luxury and tranquility with this exclusive vacation business and retreat in the Black Hills of South Dakota. Nestled on 6.29 acres in Spearfish Canyon, Rim Rock Lodge sits just 5 miles from Spearfish and is bordered on three sides by National Forest. The estate includes six charming cabins, a stunning owner's suite, three luxury guest suites, a historic 1919 lodge with expansive decks and a kitchen recently upgraded with a new 10-top range and fully renovated appliances, built to handle a high volume restaurant, catering and events. A sunroom addition expands the dining footprint, and a standalone gift shop and gallery round out the guest experience with beer, wine, and local goods. Recent renovations include a creekside cabin with new interior siding, flooring, plumbing, and air conditioning, a favorite for its proximity to the water, along with a second cabin fully restored with leveling work, updated plumbing, new ceiling and flooring, and AC. The Pine cabin, previously unrented, has also been renovated and is now one of the property's most requested stays. The possibilities are endless: operate as a seasonal resort, provide year-round rentals, create a legacy property for generations to come, or enjoy as a personal retreat with income potential. Rim Rock Lodge is a rare and unparalleled opportunity for buyers seeking a unique investment and lifestyle property in the heart of the Black Hills.

10900 Other 10888 Rimrock Place, Spearfish

11755 Rochford Road, Hill City
$2,720,040
90440 MLS
Almost 50 acres of beautiful Black Hills land that offers a multitude of options for use! Located in the Rochford area of Hill City, surrounded by BHFS, both overhead and underground electric, a fast flowing well with potable water, several building sites, and offers wide open meadows as well as densely treed areas for privacy. The fixed mobile home sits above a clear and wide creek where two merge together as one, is situated next to the Mickelson Trail and access points to BHFS, building sites recently removed from flood zone area, no covenants, new road into property, and a bridge that now gives access to additional untouched land. This property possesses the best of all worlds in the heart of the Hills. Entire property is currently available as one whole 48 acre piece, but has an option and well designed plan to break up into smaller pieces that each have their own building site. Call Listing Agent to hear about the many options and ideas available. Listed by Shelley DeGon with Real Broker, LLC (714) 350-2604.

11755 Rochford Road, Hill City

11755 Rochford Rd, Hill City
$2,720,040
181208 MLS
Almost 50 acres of beautiful Black Hills land that offers a multitude of options for use! Located in the Rochford area of Hill City, surrounded by BHFS, both overhead and underground electric, a fast flowing well with potable water, several building sites, and offers wide open meadows as well as densely treed areas for privacy. The fixed mobile home sits above a clear and wide creek where two merge together as one, is situated next to the Mickelson Trail and access points to BHFS, building sites recently removed from flood zone area, no covenants, new road into property, and a bridge that now gives access to additional untouched land. This property possesses the best of all worlds in the heart of the Hills. Entire property is currently available as one whole 48 acre piece, but has an option and well designed plan to break up into smaller pieces that each have their own building site. Call Listing Agent to hear about the many options and ideas available.

11755 Rochford Rd, Hill City

11755 Rochford Road, Hill City
$2,720,040
90440 MLS
Almost 50 acres of beautiful Black Hills land that offers a multitude of options for use! Located in the Rochford area of Hill City, surrounded by BHFS, both overhead and underground electric, a fast flowing well with potable water, several building sites, and offers wide open meadows as well as densely treed areas for privacy. The fixed mobile home sits above a clear and wide creek where two merge together as one, is situated next to the Mickelson Trail and access points to BHFS, building sites recently removed from flood zone area, no covenants, new road into property, and a bridge that now gives access to additional untouched land. This property possesses the best of all worlds in the heart of the Hills. Entire property is currently available as one whole 48 acre piece, but has an option and well designed plan to break up into smaller pieces that each have their own building site. Call Listing Agent to hear about the many options and ideas available. Listed by Shelley DeGon with Real Broker, LLC (714) 350-2604.

11755 Rochford Road, Hill City

TBD Norman Ave, Black Hawk
$2,700,000
172394 MLS
Development land located at Interstate 90 Exit 52 in Black Hawk, offering strong interstate visibility and direct access from Peaceful Pines Rd. The property totals 26.13 acres with relatively flat terrain supporting a range of commercial, industrial, residential, or mixed-use development opportunities. Utilities including water, electric, and natural gas run along Norman Ave, and the property is located in Meade County with no zoning, allowing flexible development. The site sits just south of the planned Highlands at Norman Ranch subdivision, a 300+ acre master-planned housing community currently under development. The property is offered as the entire 26.13-acre site for $2,700,000, or as two parcels: Parcel 20.05.433 (16.82 acres) offered at $1,800,000 and Parcel 20.05.341 (9.31 acres) offered at $900,000. For additional information or to schedule a showing, contact Dan Logan at 605-593-7980 or Chris Long at 605-335-8100.

TBD Norman Ave, Black Hawk

5310 Airport Rd, Spearfish
$2,699,000
6 Beds ⋅ 89008 MLS
Nestled on 3.0 acres with minimal covenants, this remarkable property offers a rare combination of spacious living, flexibility, and investment opportunity. Featuring 6 bedrooms, 5.5 bathrooms, a stunning stucco exterior with brick accents, a durable metal roof, and an attached 3-car garage, this property is designed to impress from the moment you arrive. Enjoy peaceful mornings and beautiful evenings from the expansive wrap-around porch that surrounds the home, providing the perfect space to relax and take in the surrounding views. Inside, the main floor offers a spacious kitchen designed for gathering and entertaining, complete with an informal breakfast nook and a separate formal dining area. The thoughtful layout provides ample space for everyday living while accommodating larger gatherings with ease. The home also offers an incredibly versatile upstairs arrangement. Three of the bedrooms feature their own private entrance and are accompanied by a full kitchen and additional bathroom, creating an ideal setup for guests, multi-generational living, extended stays, or rental income opportunities. The opportunities continue outside with an impressive 60' x 104' outbuilding, currently operating as Kiwi Vacation Rentals. Whether you continue its current use, expand your investment portfolio, or utilize the space for storage, events, workshops, or business operations, the possibilities are endless.

5310 Airport Rd, Spearfish

5310 Airport Road, Spearfish
$2,699,000
6 Beds ⋅ 6 Baths ⋅ 89008 MLS
Nestled on 3.0 acres with minimal covenants, this remarkable property offers a rare combination of spacious living, flexibility, and investment opportunity. Featuring 6 bedrooms, 5.5 bathrooms, a stunning stucco exterior with brick accents, a durable metal roof, and an attached 3-car garage, this property is designed to impress from the moment you arrive. Enjoy peaceful mornings and beautiful evenings from the expansive wrap-around porch that surrounds the home, providing the perfect space to relax and take in the surrounding views. Inside, the main floor offers a spacious kitchen designed for gathering and entertaining, complete with an informal breakfast nook and a separate formal dining area. The thoughtful layout provides ample space for everyday living while accommodating larger gatherings with ease. The home also offers an incredibly versatile upstairs arrangement. Three of the bedrooms feature their own private entrance and are accompanied by a full kitchen and additional bathroom, creating an ideal setup for guests, multi-generational living, extended stays, or rental income opportunities. The opportunities continue outside with an impressive 60' x 104' outbuilding, currently operating as Kiwi Vacation Rentals. Whether you continue its current use, expand your investment portfolio, or utilize the space for storage, events, workshops, or business operations, the possibilities are endless.

5310 Airport Road, Spearfish

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