For sale

$2,199,999

20723 Morning Star Rd, Lead, SD 57754

5beds

4,106sqft

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Site Built

Built in 2012

4.2 Acres Lot

$2,008,600 Zestimate^®

$536/sqft

$-- HOA

What's special

Three ambient fireplaces throughoutCustom barnwood accent wallsCustom wet barExceptional craftsmanshipLuxury walkout entertainment levelMassive family room

Custom-built Black Hills luxury lodge situated on 4.2 private, wooded acres in Paradise Acres. Offering over 4,100 finished square feet of exceptional craftsmanship, this one-of-a-kind retreat showcases custom barnwood accent walls, stunning blue pine live-edge ceilings, and three ambient fireplaces throughout. Designed for both entertaining and comfortable living, the luxury walkout entertainment level features a massive family room, a custom wet bar, and direct access to a covered patio with a hot tub—creating the perfect space for hosting guests or relaxing after a day in the Black Hills. Ideally located just minutes from world-class recreation, including Terry Peak Ski Area, Spearfish Canyon, and historic Deadwood, this remarkable property offers the perfect blend of luxury, privacy, and year-round adventure.

101 days

313

4

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 4
Full bathrooms: 3
1/2 bathrooms: 1
Main level bathrooms: 2
Main level bedrooms: 2

Primary bedroom

Level: Main
Area: 252
Dimensions: 18 x 14

Bedroom 2

Level: Lower
Area: 154
Dimensions: 14 x 11

Bedroom 3

Level: Lower
Area: 176
Dimensions: 16 x 11

Bedroom 4

Level: Lower
Area: 182
Dimensions: 14 x 13

Dining room

Level: Main
Area: 182
Dimensions: 14 x 13

Kitchen

Level: Main
Dimensions: 11 x 17

Living room

Level: Main
Area: 575
Dimensions: 23 x 25

Heating

Natural Gas, Forced Air, Fireplace(s)

Cooling

Refrig. C/Air

Appliances

Included: Dishwasher, Disposal, Refrigerator, Gas Range Oven, Microwave, Trash Compactor, Washer, Dryer, Water Softener Owned
Laundry: Main Level, Lower Level

Features

Wet Bar, Vaulted Ceiling(s), Walk-In Closet(s), Ceiling Fan(s), Mud Room, Den/Study
Flooring: Carpet, Wood, Tile
Windows: Window Coverings
Basement: Full,Walk-Out Access,Finished
Number of fireplaces: 3
Fireplace features: Three, Gas Log, Living Room
Furnished: Yes

Interior area

Total structure area: 4,106
Total interior livable area: 4,106 sqft

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Property

Parking

Total spaces: 2
Parking features: Two Car, Attached, Garage Door Opener
Attached garage spaces: 2

Features

Levels: Two
Stories: 2
Patio & porch: Porch Covered, Covered Patio, Covered Deck
Exterior features: Sprinkler System, Lighting, Storage
Has spa: Yes
Spa features: Above Ground, Private, Bath
Fencing: Garden Area
Has view: Yes

Lot

Size: 4.2 Acres
Features: Few Trees, Lawn, Trees, View

Details

Additional structures: Shed(s), Greenhouse
Parcel number: 266830167847000
Zoning description: Lawrence County Zoning: Rural Residential

Construction

Type & style

Home type: SingleFamily
Property subtype: Site Built

Materials

Log
Foundation: Slab
Roof: Composition

Condition

Year built: 2012

Community & HOA

Community

Security: Smoke Detector(s), Fire Sprinkler System, Fire Alarm
Subdivision: Paradise Acres

HOA

Amenities included: None
Services included: None

Location

Region: Lead

Financial & listing details

Price per square foot: $536/sqft
Tax assessed value: $843,960
Annual tax amount: $5,799
Date on market: 4/3/2026
Road surface type: Unimproved

Estimated market value

$2,008,600

$1.91M - $2.11M

$5,815/mo

Price history

Date	Event	Price
4/3/2026	Listed for sale	$2,199,999$536/sqft
Source: Black Hills AOR #178249 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$5,799 +5.3%	$843,960 +7.3%
2024	$5,505 +5.7%	$786,580 +20.6%
2023	$5,208 +0.7%	$652,400 +17.1%
2022	$5,170 -1.5%	$557,060 +21.9%
2021	$5,248	$456,870 -5.6%
2020	$5,248 -4.1%	$483,900
2019	$5,471	$483,900 +1.5%
2018	$5,471 +9.7%	$476,690 +7.8%
2017	$4,988 +0.4%	$442,320
2016	$4,968 +2%	$442,320 -1%
2015	$4,870 -5.6%	$446,910 +1%
2014	$5,160 -0.9%	$442,420 +1.7%
2013	$5,209	$434,910

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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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.

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Climate risks

Neighborhood: 57754

Getting around

0 / 100

Car-Dependent

Nearby schools

GreatSchools rating

4/10
Lead-Deadwood Elementary - 03
Grades: K-5Distance: 7.1 mi
7/10
Lead-Deadwood Middle School - 02
Grades: 6-8Distance: 4.2 mi
4/10
Lead-Deadwood High School - 01
Grades: 9-12Distance: 4.1 mi

Schools provided by the listing agent

District: Lead/Deadwood

Source: Mount Rushmore Area AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.