21381 Mule Deer Dr Lead, SD 57754
This charming three-story, 2,156 sq ft cabin in Lead, SD, offers breathtaking Black Hills views. Located at 21381 Mule Deer Dr, it boasts four bedrooms (one non-conforming), three bathrooms, two living areas with gas fireplaces, and an attached garage plus an oversized detached garage. Built in 1979, this mixed-use property sits on a 0.59-acre lot and is ideally suited for a family home or lucrative investment, given its proximity to Terry Peak (15-minute drive) and Deadwood (20-minute drive). The open floor plan, vaulted ceilings, and expansive deck enhance its appeal. The property's location provides easy access to thousands of miles of trails perfect for snowmobiling, ATVing, UTVing, and hiking. It's situated directly across from Recreational Springs Resort and Trailhead, offering additional recreational opportunities. Priced at $599,000 ($277.83/sq ft), this value-add investment presents a unique opportunity in the desirable Black Hills region. The property is currently utilized as a vacation rental (Airbnb/VRBO).
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
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.