0 Xxx St, Summerset, SD 57769

This exceptional 782-acre property in Meade County, South Dakota, presents a unique investment and development opportunity. Situated just 8.5 miles north of Rapid City and 7.5 miles east of Piedmont, this land boasts convenient access via paved Haines Avenue and Elk Creek Road. The property is ideally positioned near the Golden Valley subdivision, benefiting from its proximity to Rapid City's amenities while maintaining a secluded, scenic atmosphere. The land features productive meadows, cottonwood-lined creek bottoms, and Elk Creek running through it, along with two additional drainages, a small pond, and two shallow water wells. Abundant wildlife, including deer, turkey, and grouse, further enhances its appeal. The acreage includes significant gravel deposits. Development potential is high, with access to three-phase electricity, potential water access through the Bear Butte Water District or from deep wells, and county road access from two directions. The mineral estate is believed to be intact. The area exhibits strong demand for residential lots, with developed properties fetching approximately $150,000 per lot. This presents a compelling opportunity for subdivision development, a "buy and hold" investment strategy, or as a private ranch poised for future growth, particularly given Rapid City's projected population increase and the arrival of the B-21 Bomber at Ellsworth Air Force Base. The asking price is $8,015,500. This property offers a blend of recreational enjoyment, agricultural potential, and significant long-term development prospects.