603 N River St Hot Springs, SD 57747
Estimated payment $10,458/month
About This Lot
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, 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.
Property Details
Property Type
- Land
Property Views
- City
- Creek or Stream
- Hills
Interior Spaces
- 32,576 Sq Ft Home
Community Details
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $12,752 | $766,682 | $51,482 | $715,200 |
| 2024 | $5,741 | $766,682 | $51,482 | $715,200 |
| 2023 | $6,009 | $329,609 | $34,288 | $295,321 |
| 2022 | $6,741 | $766,350 | $22,440 | $743,910 |
| 2021 | $6,831 | $523,050 | $22,440 | $500,610 |
| 2020 | $6,891 | $541,920 | $21,450 | $520,470 |
| 2019 | $7,152 | $541,920 | $21,450 | $520,470 |
| 2018 | $7,314 | $494,610 | $21,450 | $473,160 |
| 2017 | $7,334 | $459,670 | $21,450 | $438,220 |
| 2016 | -- | $393,860 | $13,240 | $380,620 |
| 2015 | -- | $558,180 | $13,240 | $544,940 |
| 2011 | -- | $262,487 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/02/2026 02/02/26 | For Sale | $1,760,000 | -- | $54 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | Southern Hills Title |
Source: Black Hills Association of REALTORS®
MLS Number: 177360
APN: 75520-05600-026-00
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Ask me questions while you tour the home.