11293 Lantern Ln, Lead, SD 57754
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).
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
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.