Land for Sale in Spearfish, South Dakota

Discover the untamed spirit of the west on Buffalo Ranch Estates, a breathtaking 120 acre masterpiece carved from the legendary Frawley Ranch in Spearfish, South Dakota. Nestled in Lawrence County, this prime parcel once roamed by Buffalo, is a perfect luxury horse estate or cozy cattle haven for the elite. Picture your private ranch retreat within 2 miles of the Spearfish city limits. Don't miss this slice of South Dakota soul.

Land

Nestled in the heart of Centennial Valley, this 120 acre parcel hosts a variety of habitats including rolling hills, a pre built pond dam structure and old dry creek beds. Lawrence Counties future plan has green-lit five acre splits, so either build a historic horse cattle estate or subdivide to sell off premium lots. Endless sky, killer soil- pure gold for horse enthusiast or developers looking for investment opportunity.

Improvements

The east side property line was updated with a fence that keeps the buffalo out from Frawley ranch. Around forty- five acres were cleared of rock and hayed this year for the first time in decades. The dry pond was dug out and is in the middle of construction for holding water when a well is dug.

Recreation

These rolling acres are perfect for riding dirt bike or side by sides with family and friends. This fantastic development oppportunity, surrounded by unmatched natural beauty, has easy access to I-90 and is just minutes from Deadwood, Sturgis, and all the other recreational possibilities in the Black Hills National Forest.

Agriculture

In 2025 cattle grazing and Hay sales provided $12,000 in income.

Region & Climate

Nestled in the northern Black Hills, Spearfish offers stunning canyon views, pine covered peaks, and four season charm. Humid continental climate: warm summers, crisp falls with fiery foliage, snowy winters perfect for outdoor activities like skiing and snowmobiling.

History

This parcel carved from the historic 4,750 acre Frawley Ranch was one of the largest and most successful cattle ranches in western South Dakota. The ranch was named after the Frawley family, who lived there 140 years before selling it in 2017. Located in the beautiful Centennial Valley, the ranch was comprised of six historic homesteads that Henry Frawley, the family patriarch , gradually acquired in the late 1880s and early 1900s. Since 1974, the Frawley Ranch has been listed on the National Register of Historic Places and was declared a National Historic Landmark in 1977 by the National Park Service.