Just minutes from Deadwood , Whitewood , Lead and Spearfish the newest Keating Resources South Dakota property , Three Peaks Ranch , offers some of the most incredible views and homesites just waiting for your dream design plans .
The 571 acre site is a serene retreat tucked away , yet in proximity to all the outdoor recreation and entertainment the Northern Black Hills is famous for . The exciting casinos of historic Deadwood are 10 minutes away . The scenic drive of Spearfish Canyon boasting world class rock climbing , incredible fishing and miles of hiking is right around the corner . Winter sports , including skiing and snowmobiling can be found in nearby Lead . And a country road drive through Whitewood offers quick access to Interstate 90 and the Rapid City airport , which is less than a one hour drive away .
Three Peaks ranch is unique , with some homesites boasting both plains and peak views , including sweeping views of Bear Butte . Each of the 55 residential lots will have municipal water from Whitewood , high speed fiber , electricity and a 24 ’ wide asphalt access road . The lots are each unique with 51 “ park forest ” lots and four 41.5 + acre A1 ( general agriculture ) lots .
The weather is ideal due to the location of Three Peaks Ranch , nestled between the foothills of the Northern Black Hills and near the semi-arid highplains .
Summers are warm and dry and due to its elevation and bountiful trees Three Peaks Ranch residents will enjoy gentle breezes year round . Winters are cold and snowy but often Chinook winds can mean some mild days in January and February . Both spring and fall are ideal and the overall climate of the ranch is similar to that of Salt Lake City in Utah . The highest point on the ranch is 4400 feet .
Site prices range from $ 225,000 to $ 450,000 . The average acreage excluding the agricultural tracts is 7.33 acres . “ We ’ re selling 7 acres with water , fiber , electric and asphalt for an average of $ 330,000 which is unheard of in the Black Hills ,” says Alec Keating , President of Keating Resources developer of Three Peaks Ranch .
Twenty percent of the sites are currently sold or under contract and Keating figures by 2025 close to 50 % will be sold . Keating explains the gated community is really the best of all worlds combined .
“ You ’ ve got the privacy , all the infrastructure and you have the land on top of it .”
Future residents still have time to choose their optimal homesite and the view they desire . “ We have Bear Butte views , we have valley views , we have plains views , we ’ ve got everything ,” Keating boasts .
Keating explains the average buyer thus far is “ regional ,” from nearby states such as Nebraska , North Dakota and Minnesota who are “ looking for a really nice place to retire close to towns that have things to do .” He estimates they are between 55-60 years in age .
Keating Resources originally looked at investing in the Southern Hills but Keating explains that the Southern Hills close down during the winter . “ Spearfish and Deadwood are year round ” and Lead offers “ triple the snow ” that communities like Custer have .
Overall , though , the incredible diversity of the Black Hills region is unsurpassed , in Keating ’ s opinion . “ To be able to go from Hot Springs to Custer to Argyle to up here , in the canyon . There ’ s so much diversity .”
Keating Resources prides itself in offering luxury homesites at an affordable price . Three Peaks Ranch allows buyers to sit on a lot as an investment if they choose .
Keatings Resources began in 2004 by Gerard , Alec ’ s father . “ I ’ ve had a great mentor . He ’ s done a variety of projects He built the first and only underground private limestone mine in Chicagoland . It ’ s 450 vertical feet below the surface , so literally he built an underground mine . And attached to that was a barge port and a rail port .
He had a UP ( Union Pacific ) intermodal terminal in Joliet , Illinois and then the barge terminal there on the river . He also bought and sold the largest contiguous farm in the United States in Louisiana .”
Keatings Resources has also done industrial development and redevelopment in Chicago , Tampa , Miami , Austin and Dallas . The father and son team came across the Three Peaks Ranch property in 2020 .
“ Covid hits . We ’ re all inside . Even conservative Texas and Florida were shut down . He had bought the former Gateway Computer Complex in Sioux City , Iowa , which had been vacant for a decade , subdivided it into five separate units and sold off those condos to different manufacturing users .”
That ’ s when Alec said to his father , “ Hey , why don ’ t we go to Sioux Falls . South Dakota seems like a great place to do business .”
As he explains , “ We drove to Sioux Falls and thought it was super boring .” So the father and son continued west to the Black Hills . “ We were just astounded at what we found . We figured out these aren ’ t hills , they ’ re the highest mountain range east of the Rockies . Really accessible . There ’ s 4 direct flights every day from DFW ( Dallas Fort Worth ) to Rapid .”
A week later they bought Three Peaks Ranch and several other properties in the area .
“ We just saw great value here in Western South Dakota versus the mountain west . If you want to move to a place like Park City , Utah you better be worth $ 20 or $ 30 million , minimum . Because all you ’ re gonna get for $ 3 million there is a condo . You ’ re not getting a home .”
Alec says Keating Resources is “ filling a gap no one else is ” by providing “ value for people who have some money but they can ’ t afford a $ 7 million dollar home in Jackson Hole .”
He adds , “ You can come to Three Peak Ranch and have a beautiful home for $ 1.2 million .”
Alec believes in the value of the region , estimating prices will double in the next five years . He also calls the Black Hills home , building his dream house on the Three Peaks Ranch site . “ I want to live here . I think it ’ s beautiful . I think what we have here is special . I love Spearfish . I love Deadwood . I think it ’ s a really unique region .”
I think we ’ re just in the first innings of success in the Black Hills . There ’ s no state income tax . It ’ s accessible . You have a better labor force than most mountain areas . Striking natural beauty obviously . I enjoy being here .”
To learn more about Keating resources and homesites at Three Peaks Ranch visit threepeaksranchsd . com .
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