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For sale
  • Price cut: $100K (7/7)
    $1,600,000

    603 N River St, Hot Springs, SD 57747

    --beds
    --baths
    --sqft
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    Multiplex
    Built in 1891
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Granite roomDedicated dining roomStriking sandstone characterDesirable two-bedroom apartmentHistoric charmHot sand roomFull kitchen
    A rare opportunity in the heart of Hot Springs! Red Rock River Resort is a one-of-a-kind hospitality property offering a unique blend of historic charm, lodging flexibility, event potential, wellness amenities, and added commercial opportunity. Built in 1891 with striking sandstone character, this property is ready for its next chapter—whether as a boutique destination, retreat venue, or income-producing investment. The resort features 17 guest accommodations, including a desirable two-bedroom apartment, providing excellent options for short-term rentals, extended stays, or on-site management. Designed for hosting and gatherings, the property includes a full kitchen and dedicated dining room, and includes a liquor license ideal for serving guests, groups, and events. A standout highlight is the large event center with capacity for up to 250 people, perfect for weddings, receptions, reunions, corporate events, and private celebrations. The event center also offers four attached bedrooms, adding additional lodging and convenience for event weekends. Adding to the guest experience is an on-site spa and wellness area featuring specialty spaces including a hot sand room, granite room, hot soaking tub room, and massage rooms—a rare amenity that truly sets this property apart. The property also includes available retail space, offering additional income potential and flexibility for boutique, gift shop, or guest-focused services. With additional room to grow, the basement offers exciting potential for future expansion—imagine creating a unique lounge or speakeasy-style space to elevate the guest experience even further. With lodging, event space, dining infrastructure, spa features, and expansion potential all in one location, Red Rock River Resort is a truly exceptional opportunity in Hot Springs, SD.
    158 days
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    171
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    8
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    Zillow last checked:

    Listing updated:

    Listed by:

    CHERI A ST. PIERRE 605-390-2481,

    BERKSHIRE HATHAWAY HOMESERVICES MIDWEST REALTY

    Source: Black Hills AOR,MLS#: 177343MLS Logo

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      Facts & features

      Interior

      Heating
      • Electric, Forced Air, Propane
      Cooling
      • Central Air, Window Unit(s)
      Features
      • Elevator
      • Windows: Window Coverings
      • Basement: Unfinished
      • Furnished: Yes

      Property

      Parking
      • Parking features: On Street, Off Site
      • Has uncovered spaces: Yes
      Features
      • Entry location: Community Entrance
      • Exterior features: Private Entrance
      • Has view: Yes
      • View description: Hills, Creek/Stream, City
      • Has water view: Yes
      • Water view: Creek/Stream
      Lot
      • Size: 8,276 Square Feet
      • Features: Corner Lot
      Details
      • Zoning description: Conforming

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multiplex
      Materials
      • Stone Veneer
      • Foundation: Concrete Perimeter, Stone
      Condition
      • Year built: 1891

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Security: Smoke Detector(s)
      • Subdivision: Sulphur Springs Addn
      Location
      • Region: Hot Springs

      Financial & listing details

      • Date on market: 2/2/2026
      • Lease term: Month To Month

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $958/mo

        Price history

        DateEventPrice
        7/7/2026Price change$1,600,000-5.9%
        Source: Black Hills AOR #177343 Report a problem
        6/4/2026Price change$1,700,000-3.4%
        Source: Black Hills AOR #177343 Report a problem
        2/2/2026Listed for sale$1,760,000+6.7%
        Source: Black Hills AOR #177343 Report a problem
        11/30/2025Listing removed$1,650,000
        Source: Black Hills AOR #173019 Report a problem
        6/27/2025Price change$1,650,000-2.9%
        Source: Mount Rushmore Area AOR #83712 Report a problem
        4/1/2025Listed for sale$1,700,000-2.9%
        Source: Black Hills AOR #173019 Report a problem
        1/4/2024Listing removed$1,750,000
        Source: Mount Rushmore Area AOR #74982 Report a problem
        2/6/2023Listed for sale$1,750,000
        Source: Mount Rushmore Area AOR #74982 Report a problem
        10/7/2022Listing removed$1,750,000
        Source: Mount Rushmore Area AOR #72931 Report a problem
        7/1/2022Listed for sale$1,750,000+16.7%
        Source: Mount Rushmore Area AOR #72931 Report a problem
        7/1/2022Listing removed--
        Source: RE/MAX International Report a problem
        4/28/2022Pending sale$1,500,000
        Source: RE/MAX International #157409 Report a problem
        1/13/2022Listed for sale$1,500,000
        Source: RE/MAX International #157409 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 57747

        Getting around

        56 / 100
        Somewhat Walkable
        17 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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