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South Dakota Ski Resort Back On Market
A 440-acre ski resort in the Black Hills of South Dakota is again up for sale two years after it was shut down amid bankruptcy proceedings. The owners of the former Mystic Miner Ski Resort at Deer Mountain say they’ve cleaned up the property, made repairs and upgraded a water system serving residences near the resort, according to a story in the Rapid City Journal.
The ski area hasn’t operated for at least two years after it was shut down amid bankruptcy proceedings. The Kansas City-based Milan Investment Club was the lone bidder at a Lawrence County Sheriff’s auction in 2017 when they purchased the ski area for a little more than $3.7 million from the former ownership who had operated the ski area since 2008.
Since taking over, the new ownership group has put more than $50,000 into repairs to the water system, including $12,500 to clear a delinquent water bill and paying unpaid wages to employees.
Great Peaks Realty, Spearfish, South Dakota has the property listed with three purchase options available: $3.25 million for the entire 442-plus acres; $1.8 million for the main resort and ski runs east of Terry Peak Summit Road; or $1.45 million for 283 acres on the west side of the road.
Located in the scenic Black Hills, which is known for its downhill skiing, cross country trails and miles of snowmobiling trails, there normally is a good snow pack with a peak elevation near 7,000 feet. The ski area offered an 850-foot vertical drop with 44 trails, a terrain park, tubing, two chairlifts and two surface tows. It's located just a few miles from the very popular, long-established Terry Peak Ski Area that has a 1,100-foot vertical.