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    Retirement homes

    11293 Lantern Ln, Lead, SD 57754

    2,940 SF 0.65 ac lot Built 2022
    Property ID
    Property summary
    AI-generated overview

    This stunning 2,940 sq ft, 3-bedroom, 2022-built home sits on a 0.65-acre lot in Lead, South Dakota's Powder House Pass. The property boasts a heated 3-car garage, expansive driveway, and low-maintenance landscaping with artificial turf. Inside, an open floor plan features soaring ceilings, a cozy fireplace, and a gourmet kitchen with stainless steel appliances and a large island. Two bedrooms share a Jack-and-Jill bathroom, while a third bedroom has its own full bath. Upstairs, a loft area offers additional living space, storage, and three built-in beds. Outdoor amenities include a covered patio, natural gas fire pit, and a hot tub. The home's prime location offers easy access to Terry Peak, Deadwood, and Sturgis, along with abundant year-round recreational opportunities including the Mickelson Trail and Snowmobile Trail #5. Residents also enjoy access to the Powder House Pass Community Clubhouse, featuring a game room, community kitchen, year-round heated outdoor pool, and fire pit. This owner/user investment opportunity is priced at $1,389,000 ($472.45/sq ft).

    Property profile
    Verified
    Property type Retirement homes
    Year built 2022
    Total area 2,940 SF
    Lot 0.65 ac (28,314 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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