Address
12458 Waterwheel Ln, Nemo, SD
Price
$ 559,000
Property Attributes
  • MLS#177043
  • TypeSingle Family
  • Listing Status Active
  • CountyLAWRENCE
  • CityNemo
  • AreaNorthern Hills
  • NeighborhoodGreenwood Subd
  • Zip57759
  • StyleRanch
  • Year Built1992
  • Price$ 559,000
  • Bedrooms4
  • Full Bathrooms2
  • Half Bathrooms1
  • Sqr Footage4262
  • Lot Size5.75 Acres
Data Source:
Black Hills MLS (BHMLS)
Property Description

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.

Price History
1/12/2026 Listed $685,000
4/7/2026 11$615,000
5/21/2026 10$559,000

General Features

Living Area 2733
Heating Electric,Other (See Remarks)
Cooling None
Roof Composition
Fireplaces Wood Stove,Fireplace,In Living Room 1
Garage Two Car
Half Baths One
Bathrooms Two
Year Built 1992
Subdivision GREENWOOD SUBD
Style Ranch
View Hills,Meadow
County Lawrence
Type Single Family
Association Amenities None
HOA Fee Includes None
Status ACTIVE
Subdivision SD
Auction Y/N No
Docs on File Property Disclosure,Other (See Remarks)
Covenants No
Primary City Nemo
City Nemo
School District Other (See Remarks)
Originating MLS Black Hills AOR
NEW CONSTRUCTION Not Applicable
Terms New Loan,Cash
Postal Code 57759
Public Remarks 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 priva

Interior Features

Basement Yes
Number of Fireplaces One
Dining Room Formal,Kitchen
Flooring Carpet,Other (See Remarks)
Beds Four
BATH DESCRIPTION Shower Only,Shower and Whirlpool Tub,Separate Walk-in Closets,Jet Tub,Primary Bath

Exterior Features

Exterior Frame
Foundation Walkout,Other (See Remarks)
Lot Size Area 5.75
Lot Dimensions 5.75
Lot Type Flat,Rolling
Garage Type Attached
FENCES Other (See Remarks)

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Single Family Average in 57759

Price
AVG $330K
$560K
Year Built
AVG 2007
1992
Visits
AVG 7
132
Data Provided by Inside Real Estate®