Browse All Rapid City MI Between $900K - $1M Properties for Sale

2 Beds ⋅ 1 Baths ⋅ 1942237 MLS ⋅ Fairmont Torch River Sub BLDG.

NESTLED BETWEEN ELK-SKEGEMOG AND TORCH LAKE ON TORCH RIVER! You will love the peaceful setting on 127’ of Torch River frontage. This adorable cottage is full of character featuring 2 bedrooms. Spend evenings curled up with a good book in front of the sledge rock fireplace; knotty pine interior with unique built-ins offering plenty of storage space; great views from the four season sunroom; relax in the waterside pavilion with built-in barbecue and watch the swans, ducks & boats float by; you will love the easy boating access to Elk, Skegemog and Torch Lake’s from your dock. This is a true up north cottage and great getaway for you and your family.

14221 Torch River Road, Rapid City

$970,000

3 Beds ⋅ 2 Baths ⋅ 1933873 MLS

Torch Lake, 50' of private frontage! This adorable and well maintained 3 bedroom cottage is a Torch Lake classic. Open floor plan features snack bar seating, cozy fireplace and glass door wall that leads to the lakeside deck. Spend your summer days exploring Torch Lake and the entire Chain of Lakes, then enjoy starry evenings by the lakeside fire pit. Within minutes to several waterfront communities, including Elk Rapids, Alden and Bellaire with restaurants, golf courses, wineries and shopping. Don't miss this opportunity to start creating your own Torch Lake memories and family traditions at your new cottage this summer!

10701 SW Torch Lake Drive, Rapid City

$995,000

1932407 MLS ⋅ N/A BLDG.

Enjoy lake living at it's finest from this prime location on the shore of Elk Lake. Build your dream home on this parcel with 345 feet of waterfront and 10+ acres of land. You will never tire of exploring the beautiful natural setting! Conveniently located on the East (sunset) side of the lake, it's just minutes to shopping and dining in the quaint towns of Elk Rapids and Alden. By boat, the connecting waters lead to Lake Skegemog, Torch Lake and Lake Bellaire for hours of endless entertainment on the crystal blue waters of the Lower Chain of Lakes. From the secluded shoreline, enjoy lasting sunset views over Elk Lake while you roast marshmallows over the large stone fire pit. Tiered property has well, septic and electric already installed. Waterfront includes a boat launch area, wooden steps to the water and a dock. A one-of-a-kind property!

13029 Johnson Lane, Rapid City

$870,000

16 Baths ⋅ 1922135 MLS ⋅ Metes & Bounds BLDG.

Rare investment opportunity! This 16-unit apartment complex is nestled in a charming country setting, just 3.5 miles away from the renowned Torch Lake sandbar. Situated on a spacious 2.5-acre lot, this property is zoned commercial-improved, offering a myriad of possibilities for savvy investors. With all tenants on month-to-month leases and up-to-date on rent, the groundwork is laid for a smooth transition into ownership. More than 50% of the units have been remodeled, including cabinets, countertops, carpet, and fixtures. New roof installed approximately 2019. The property is serviced by a well and septic system, providing a cost-effective and reliable utility solution. Each apartment features separate electrical service meters and electric heating sources, ensuring convenience and efficiency for both tenants and landlord. A notable feature of this property is the recent installation of fiber optic connectivity at the road, enhancing its appeal in today's digital world. Additionally, amenities such as an office space and a laundry mat with hook-ups ready for your machines offer added value to this enticing offer. A significant advantage of this property is its history as a former motel, presenting a lucrative opportunity given the scarcity of similar accommodations near the Torch Lake sandbar. Don't miss out on the chance to own a piece of prime real estate this versatile property opens up endless potential for lucrative ventures.

8528 Valley Road, Nw, Rapid City

$952,500

3 Beds ⋅ 2 Baths ⋅ 1911216 MLS ⋅ Cherry Grove BLDG.

TORCH LAKE LIVING! Get ready to experience the charms of waterfront living in this newly listed cottage. You will feel refreshed and rejuvenated when you sit by the lake with your morning coffee and listen to the waves lap the shoreline while watching the sunrise over the glistening turquoise water. Enhanced by a cottage style living space; a family room with a stone fireplace; 3 bedrooms, 2 baths; exceptionally large 2-car garage; low maintenance steel roof; and a waterside gazebo offers shade on hot summer days! 77 feet of private frontage with a hard sand bottom will be great for all your watersports. Torch Lake and the entire Chain-of-Lakes offer great power boating, sailing, kayaking, fishing and more. You will be surrounded by the natural beauty of “up north” living. Vibrant waterside communities are just a short drive away for dining, shopping, wineries, breweries, recreational trails, golf, and skiing. The allure of waterfront living is calling you and your family “home.”

11427 SW Torch Lake Drive, Rapid City

$950,000

3 Beds ⋅ 4 Baths ⋅ 1914519 MLS ⋅ Elk Tip Landing BLDG.

ELK LAKE!! WOW!! Shared 100' Sandy access with rare dock and boating ability!! Nearly NEW quality built 3BR, 2 Full 2 and half BA, beautiful hardwood and “slate” tile flooring throughout. Fabulous island kitchen, 3 season waterside sunroom and adjoining large deck for entertaining plus full unfinished lower level walkout and 3car attached garage!! An absolute must see!! $949,500.

8156 Westview Drive, Rapid City

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