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4 Beds
2.5 Baths
2,733 sqft

$559,000

12458 WATERWHEEL LN, Nemo SD, 57759

Price per sqft$204.54
Built in1992
Property size2,733 sqft
Property typeResidential

Overview

Active

Listed Jan 12, 2026

Updated 8 days ago

Priced to Renovate & Build Equity Fast .... the deal just got sweeter. Situated on 5.75 acres almost backing to Forest Service (USFS) land and near Box Elder Creek, this custom-built home offers privacy, space, and a truly unique layout. Located where Nemo Road meets iconic Waterwheel Lane, the setting is hard to duplicate. Built in 1992 and still owned by the original owner, the home was designed for function rather than modern trends, and features a unique raised-ranch layout. There are four bedrooms, with potential for a fifth; not all rooms have closets, but each level includes a den that works well as office or flex space. The main level includes a spacious primary suite with two walk-in closets, a sun-room off the large kitchen, dining room, main floor laundry, a mudroom, and generous storage throughout. There is amazing natural light; windows everywhere! The lower level features a bedroom, den, bath, and approximately 1,500 square feet of shop space with direct access to the garage. This is ideal for hobbies, wood working, a home business, or you could finish in the future for living space. Additional features include an attached garage, covered RV parking, wraparound decks, a few newer windows, and plenty of room to improve and make it your own. The electric heat is a super efficient radiant ceiling heating system. The home maybe is a bit unconventional, but the land, location, and potential make this a rare opportunity. Shared Road and Shared Well agreements may need to be created for the transfer of the property, and the seller does not have any direct knowledge of any potential flood insurance requirements. No FEMA documentation or elevation certificates are available from the seller. This property is close to USFS, ATV trails, snowmobile trails, Lead/Deadwood, and only about 6 miles from Nemo, which is everyone’s favorite. Call today to schedule your private tour. Listed by: Amanda Kirschenman, Coldwell Banker 605-390-6070.

$3,719/mo

Est. mortgage payment based on a $559,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
177043

Interior Features

Bedrooms
4
Bathrooms
2.5
Fireplace
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
5.75 Acres

Other Property Details

Garage
Yes
View
Yes
MLS provider logo

Listed by AMANDA KIRSCHENMAN with COLDWELL BANKER BLACK HILLS LEGACY
Listing Contact:  

The IDX display contains information sourced from the Black Hills Association of REALTORS® as of 10/29/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 10/29/2026 at 4:27 AM UTC

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