Real Estate

Deer Mountain Village is a private, gated, 640-acre mountain-top ski and outdoor adventure community located in the mountains of western South Dakota, commonly known as the Black Hills. Deer Mountain Village is the highest-elevation community in the USA, east of the Rocky Mountains.

The community will have approximately 185 single-family home lots, all one acre or more in size, and may have up to 50 condominium units at the base. The community is naturally divided by County maintained Terry Summit Road with 83 east-facing home lots located east of Terry Summit Road and up to 103 west-facing lots located west of Terry Summit Road.

Deer Mountain Village operated as a for-profit snow skiing and snow tubing venue between approximately 1967 and 2017 under the names of Deer Mountain and, for a short period, Mystic Mountain.

Deer Mountain Village will have day snow skiing supported by two existing, under-restoration Riblet ski lifts, snow tubing on an existing hill, 10 miles of bike trails, an approximately 6,000 SF clubhouse, and a heated swimming pool, hot tub, and multipurpose courts for pickleball, tennis and basketball.

The amenities will be owned and operated by the HOA. The amenities will include the clubhouse, courts, pool, and also the mountain amenities. The mountain amenities will include the ski runs, ski lifts, mountain bike trails, hiking trails.

The Clubhouse and attached amenities (pool, hot tub, pickleball courts, tennis court, and basketball court) will be operated year-round. Hours of operation for mountain amenities will be based on weather and lot owner demand.

• Estimated HOA Fee: $1,250 per month / $15,000 per year
• No HOA fee will be charged until January 1, 2026 and fees will be capped at $1,250 per month or $15,000 per year through July 1, 2028

Each lot owner will have six guest passes for non-vertical family members. Additional guest passes for daily use may be issued if capacity is available.

No, day passes will not be available to the public. Deer Mountain Village amenities will only be accessible to homeowners and renters.

Lot owners are allowed to rent homes to family, friends along with other lot owners and their family and friends. Lot owners will be able to market their rental to other lot owners without cost through the HOA managed lot owner portal on the DMV website. Lot owners will be required to use an HOA approved rental form and to carry liability insurance protecting the HOA against actions of renters. This policy is consistent with other luxury communities.

Renters will have full access to the clubhouse and mountain amenities. They will share the same rights as the owners. Up to 6 renters will be able to use the amenities at one time, with more to be allowed if capacity permits, more will be allowed if capacity permits at that time.

Deer Mountain Village has and will groom snow using an existing owned Pistenbully snow groomer.

Deer Mountain Village is owned by KR Deer Mountain Club 2021, LLC, which is owned by Gerard, Alec, and Janet Keating dba Keating Resources DEERMOUNTAINVILLAGE.COM

The elevation is approximately 6,000’ at the base and 6,640’ at the summit.

South Dakota is one of only four states with no State income, capital gains, or estate tax.

11187 Deer Mountain Road,
Lead, South Dakota 57754

All lots will be served by a 24’ county specification asphalt road, high-speed fiber by Bluepeak & Midco, single-phase electric by Black Hills Electric, and municipal water provided by the Deer Mountain Sanitary District (DMSD). Buyers will be responsible to purchase and install propane and septic field.

Deer Mountain Village is served by Deer Mountain Road from U.S. Highway 85 and Terry Summit Road from U.S. Highway 85.

Deer Mountain Village obtains its water from the Deer Mountain Sanitary District (DMSD), which currently charges a flat fee of $120 per month for water. DMSD is installing a new water system in 2024-25 and will implement a per-gallon fee for water-based meter readings after the new system is installed. DMSD obtains its water from the Lead-Deadwood Sanitary District #1.

• Clubhouse, Pool, and Courts: 2025
• East Mountain Ski Lift: December 1, 2023
• West Mountain Ski Lift: December 1, 2025
• East Mountain Bike Trail Phase 1-3: October 1, 2023
• West Mountain Bike Trail Phase 1-3: November 1, 2024

The 83 east mountain lots will be completed and ready to purchase for construction on October 1, 2023. West mountain lots will be completed in October 2024.

Lot pricing for East Mountain (Phase 1) are available on our website under the Real Estate page and lot prices for west mountain lots will be released on July 1, 2024.

Climate is Warm Summer Continental (Dfb) as defined by Köppen Geiger Climate Types:

• Annual snowfall averages: 150 inches
• Rainfall: 33 inches
• Days of Sun: 230
• Winter High/Low Average Temperatures are 35°/16° with an average of 79% relative humidity
• Summer High/Low Average Temperatures are 80°/56° with an average of 51% relative humidity

Please visit https://www.lawrence.sd.us/404/911-Addressing to submit required documents to obtain your 911 Address.