21981 Rochford Rd, Lead, SD 57754
Nestled in the Northern Black Hills of Lead, South Dakota, this exceptional 18.34-acre property presents a unique blend of recreational enjoyment and lucrative income potential. The centerpiece is Carsten Cottages, featuring four charming dry cottages, each offering a cozy and comfortable retreat. A dedicated shower house caters to the needs of guests. Four additional RV sites provide ample space for recreational vehicles. A versatile pavilion, complete with a commercial kitchen, is ideal for hosting a variety of events, from intimate gatherings to large-scale weddings, reunions, or corporate retreats. Guests can relax in several outdoor sitting areas or enjoy a covered picnic spot by the picturesque North Fork Rapid Creek, which meanders through the property. The property boasts direct access to the Mickelson Trail and backs up to USFS land, offering endless opportunities for outdoor enthusiasts. A beautifully renovated home, featuring a hot tub and an Endless Swimming Pool, provides comfortable living quarters or a lucrative rental opportunity. A private outdoor relaxation area offers a tranquil escape separate from the camping zones. Two large shop buildings—one with heating and a concrete slab, the other with a gravel floor—along with a spacious barn and additional outbuildings, provide ample storage and potential for various uses, including animal housing. Two ponds, a large level meadow, multiple patios and decks, and an asphalt driveway enhance the property's appeal. A Generac backup generator ensures reliable power. This remarkable property offers a rare combination of personal enjoyment and income-generating possibilities, making it a truly exceptional investment in the heart of the Black Hills. The property includes 2,152 square feet of living space.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
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