Rarely does an opportunity arise to own nearly 38 acres on the highly coveted waters of Spearfish Creek. Combining a beautifully maintained custom home, year-round live water, abundant wildlife, exceptional privacy, and future development potential. Privately tucked behind a custom overhead entrance and accessed by paved roads, this remarkable estate has been owned and meticulously cared for by the same family for more than 30 years. Situated just minutes from Spearfish, the property offers the perfect balance of convenience, seclusion, and natural beauty. The beautifully constructed 4,840-square-foot residence was thoughtfully designed to maximize both comfort and the spectacular surroundings. Featuring 5 bedrooms and 4 bathrooms, the home offers generous living spaces, open beam construction, and timeless craftsmanship throughout. Granite countertop islands anchor the kitchen and gathering areas, while two jetted tubs provide luxurious comfort after a day spent enjoying the Black Hills. Large windows frame stunning views of the surrounding landscape, bringing the beauty of the outdoors into every season. The home’s full walkout basement creates a seamless transition between indoor and outdoor living. An expansive deck overlooks the creek and backyard from the main level, while a massive lower-level patio provides the perfect space for entertaining family and friends or simply enjoying the peaceful sounds of flowing water.
For sale
$2,799,000
616 Rio Dr, Spearfish, SD 57783
5beds
4,840sqft
Site Built
Built in 1991
37.97 Acres Lot
$2,659,400 Zestimate®
$578/sqft
$-- HOA
What's special
Year-round live waterAbundant wildlifeOpen beam constructionAccessed by paved roadsTimeless craftsmanship throughoutBeautifully maintained custom homeGenerous living spaces
- 99 days
- 725
- 23
Zillow last checked:
Listing updated:
Listed by:
Denver Gilbert,
Clark & Associates Land Brokers
Source: Mount Rushmore Area AOR,MLS#: 89032
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 4
Primary bedroom
- Description: walk in closet
Bedroom 2
- Description: walk in closet
Bedroom 3
- Description: walk in closet
Bedroom 4
- Description: walk in closet
Kitchen
- Description: Granite countertops
Appliances
- Laundry: Main Level
Features
- Basement: Full
- Number of fireplaces: 2
Interior area
- Total structure area: 4,840
- Total interior livable area: 4,840 sqft
Property
Parking
- Total spaces: 2
- Parking features: Two Car, Attached, Detached, RV Access/Parking
- Attached garage spaces: 2
Features
- Waterfront features: Creek Side
Lot
- Size: 37.97 Acres
- Features: Few Trees, Views, Horses Allowed
Details
- Parcel number: 240400070205000
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Site Built
Materials
- Frame
Condition
- Year built: 1991
Community & HOA
Location
- Region: Spearfish
Financial & listing details
- Price per square foot: $578/sqft
- Tax assessed value: $1,116,450
- Annual tax amount: $9,457
- Date on market: 6/10/2026
- Road surface type: Paved
Estimated market value
$2,659,400
$2.53M - $2.79M
$5,120/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/10/2026 | Listed for sale | $2,799,000$578/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | $9,457 +11.8% | $1,116,450 +4.4% |
| 2025 | $8,459 +3.5% | $1,069,640 +18.7% |
| 2024 | $8,173 +1.9% | $900,960 +12.3% |
| 2023 | $8,024 +14.6% | $802,070 +11.1% |
| 2022 | $7,000 +1.3% | $721,830 +28.5% |
| 2021 | $6,907 | $561,543 -4.6% |
| 2020 | $6,907 -1.2% | $588,620 |
| 2019 | $6,988 | $588,620 +0.7% |
| 2018 | $6,988 +4.7% | $584,670 +2.9% |
| 2017 | $6,673 +16.9% | $568,170 +17% |
| 2016 | $5,706 +0.6% | $485,590 +0.8% |
| 2015 | $5,670 -2% | $481,790 +4.5% |
| 2014 | $5,785 -0.6% | $460,930 +5.5% |
| 2013 | $5,822 | $437,030 +0.2% |
| 2011 | -- | $436,290 |
Find assessor info on the county website
Monthly payment
Est. payment





