For sale prime south dakota hunting land and cabin

$5,850/acre, included a cabin. That seems more than steep, I hope that "cabin" is a nice home. Chad, I hope this isn't yours or something you are trying to sell. I seriously assumed that rough (non-tillable) ground in SD MIGHT be a couple thousand an acre now.
 
Almost as much per acre as irrigated farm ground in Kansas
 
remy3424 said:
$5,850/acre, included a cabin. That seems more than steep, I hope that "cabin" is a nice home. Chad, I hope this isn't yours or something you are trying to sell. I seriously assumed that rough (non-tillable) ground in SD MIGHT be a couple thousand an acre now.
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Thats the price nowadays. Its not 2015. Ive seen a lot of stuff priced higher than that.
 
Labradinger said:
Thats the price nowadays. Its not 2015. Ive seen a lot of stuff priced higher than that.
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That is a lot of coin for something with very limited income potential. Hardly big enough to get several guys to share it. As Weim says "seriously wealthy" as the ROI is the satisfaction you get from being there.....on your short quarter. Even a seriously wealthy guy is doubtful unless it is close to him. He would rather spend that amount and get 3-4 times the area. For that amount one might wait and have a chance at buying some of the government owned ground if that were to happen. Might get a section or 3 for that money.
If that kind of ground is selling at that kind of price, the taxes will burn some ranchers out of business and they will be try to sell out. I saw some auction results and the ground selling for big money looked to be tillable or commercial influenced sales.
 
Depends on what your fancy is but IMO there a lot better “deals” in SD then that piece. I watch sales pretty close and for that money there should be some income potential and there isn’t on this one.
 
That could be on the market for a while. I scanned the description, it mentioned "white oaks". This property is within 80 miles of me, I have never seen a native white oak here, everything is burr oaks, but maybe??? This is right outside Sioux Falls (a lot of businesses home base there), so there will be a rich guy that want a small spot less, than 30 minute drive away, but 60 acres for 2 million, that is optimistic. If they get one million, I think it would be a home run. If this were 1000 acres you could maybe run a preserve type of thing, bringing in 20 guys a year for $10K each, 10% ROI, if you could just write a check for it.
 
The deal is someone could by that river front property and build a nice cabin/lodge/year round home on 1/3 and sell or develop 2 more.

There are quite a few luxury air bnb in the hills that command big money. Some rent them for a month or more. Luxury living for less then the cost of ownership.
 
There are a bunch of properties like this in western Nebraska around the big lake listed by realtors trying to sell hunting property. Many have been grossly inflated and most don't sell. It's a get rich quick scheme. I know of two places, bought within the last 2-3 years that are back on the market. One 160 acre parcel purchased for $200k now on the market for $1.3 mil and another 80 acre property listed for $875k, a 273% increase over purchase price. Neither have had improvements and both have been for sale > 6 months with no interest.
 
SPUR60 said:
Pretty sure I met the owners of this property last summer. They've killed absolute bruiser whitetails off of it. Price isn't out of line for land along the Big Sioux that offers deer hunting and development potential close to SF.
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We will have to agree to disagree. I think its about triple what is even close to reasonable.
 
SPUR60 said:
Pretty sure I met the owners of this property last summer. They've killed absolute bruiser whitetails off of it. Price isn't out of line for land along the Big Sioux that offers deer hunting and development potential close to SF.
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That ground isn't close to Sioux Falls , Rapid City , or Aberdeen. Its location location location. And that really isn't a ideal situation. The only positive is the river
 
Weimdogman said:
That ground isn't close to Sioux Falls , Rapid City , or Aberdeen. Its location location location. And that really isn't a ideal situation. The only positive is the river
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The Canton listing that I quoted? 30 minutes to south central Sioux falls is nothing for people wanting to be on an acreage. Hell I live in SF and my work commute is 22 minutes. Broke out, the listing would be $33K per acre. Probably a little high if there isn't utilities or rural water along the gravel road, but for somebody who wants recreational space and building potential, I could see it going to pretty close to asking. Wife and I looked at 4.5 acres NW of Lake Vermillion last winter; bare land, asking price $139,000, rural water was 1/2 mile away and power was 1/4 mile away.
 
Labradinger said:
We will have to agree to disagree. I think its about triple what is even close to reasonable.
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Then you'd hate to see what some 3-5 acre lots are going for right now within 45 minutes of SF. I was in the market, but now I'm out. If utilities are at or along the property line current listings are at $100K/acre.
 
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