Deer Mountain Village Sells First $1 Million Residential Lot in South Dakota History

Gerard Keating, CEO of Keating Resources, developer of the 660-acre luxury mountaintop adventure community Deer Mountain Village in Lead, South Dakota, announced the sale of the first $1 million one-acre residential lot in South Dakota’s 135-year history, dating back to the state’s founding in 1889. Keating also shared that phase one of the 187 one-acre single-family home development is now 35% sold, with closed sales exceeding $10 million from buyers across 10 states, including 20% from Texas.

Keating attributes the success of this gated, four-season community to its value, prime location bordering the national forest, 100-mile unobstructed views, unparalleled amenities, and unique land planning led by his son and partner, Alec. They collaborated with Rapid City, South Dakota-based TerraSite Design and Bozeman, Montana-based ASPEKT Architecture & Design for clubhouse design, along with Karen Herold and her team from Chicago’s Studio K for interior design. Community amenities include two ski lifts with 27 runs offering a 600-foot vertical drop, the longest private snow tubing hill in the U.S. at 956 feet with five lanes and a lift, nine miles of walking and biking trails, a spring-fed trout fishing pond, a 6,700-square-foot clubhouse with a year-round heated pool, three multi-purpose sports courts, and a private 220-acre wilderness area.

“We are blessed with the mountains of western South Dakota, which is the only mountain range located in the 10-state Great Plains region of the U.S. Deer Mountain Village is the only luxury mountaintop community in this mountain range,” said Keating. “We are selling lots for $424,000 to $1,500,000, compared to similar properties in the crowded, high-tax Rockies with fewer amenities, where prices range from $1.2 million to $13 million.”

Deer Mountain, with an average elevation of 6,250 feet (similar to Jackson Hole, Wyoming), receives an average of 150 inches of snowfall per year. The area operated as a ski resort called Deer Mountain from 1967 to 2017. After sitting idle and on the market from 2017 to May 2021, the Keating family purchased it and reimagined it as a private, family-oriented adventure community.

Deer Mountain Village is a private upscale adventure community located in South Dakota. Offering a wide array of amenities and stunning natural landscapes, Deer Mountain Village is a haven for those seeking an extraordinary lifestyle.

For more information about Keating Resources and our upcoming events, please contact Gerard Keating at 402-925-5113 or gerard@keatingresources.com, or Alec Keating at 630-648-9967 or alec@keatingresources.com.