Elkhorn Ridge Golf Estates
A master planned golf community on the historic Frawley Ranch along Highway 85.
Elkhorn Ridge Golf Estates is a master planned golf community built on the historic Frawley Ranch, sitting along Highway 85 between Spearfish, Deadwood and Sturgis. It is likely outside Spearfish city limits in Lawrence County, and jurisdiction is one of the first things I check for a specific lot rather than assume.
The land and the lots
Lot sizes here span a wide range, from about a quarter acre up to 10 acres, and they have recently started from the high $60s. That spread means the community holds several different products at once: a compact lot near the amenities and a multi-acre parcel with distance around it are both Elkhorn Ridge.
The development keeps 400 acres of open space and 4.5 miles of trails, which is what gives the setting its room to breathe. Open space held in common is also part of what an association exists to maintain, so it belongs in the same conversation as the dues.
Golf, the resort side and the rules
A championship 18 hole course is the centerpiece. The resort side of the property adds RV sites, cabins and an event center, so there is activity here beyond the residential streets, and how close a given lot sits to that activity is worth weighing either direction depending on what you want.
There is an active HOA with architectural review and recorded covenants. Architectural review is exactly what it sounds like: plans, materials and changes go through a process. Buyers should always review covenants and HOA documents before writing an offer, and on a build lot I want those documents read before design work starts, not after.
Location, practically
Sitting on Highway 85 between three towns is the practical appeal. Spearfish, Deadwood and Sturgis are all reachable, which spreads out where work, dining and recreation can be rather than tying you to one main street.
Because the parcel is likely outside city limits, services, road maintenance and utilities can differ from an in-town address. Those answers are lot specific and I run them down before we get far.
What homes cost here
Lots at Elkhorn Ridge have recently started from the high $60s.
Those ranges are approximate and drawn from recent local market guides. Numbers move, sometimes quickly, and I will pull current comps for any street or price point you are considering.
This search shows everything active in Spearfish right now, including the streets in Elkhorn Ridge Golf Estates. It opens on my search site.
Keep reading on Spearfish
One of South Dakota's fastest growing towns, with a university, a canyon out the back door and the strongest school ratings on this list.
Native sandstone storefronts, the Matthews Opera House and the Jackson Boulevard district.
East Spearfish: small to medium single family homes with continued newer construction.
East side view acreage beneath Lookout Mountain, next to city open space and trails.
Foothills new construction near Elkhorn Ridge, compact floor plans from the mid $200s.
My free buyer's guide, written for wells, septic, hail history and PCS timelines in this region.
Price, down payment, rate, taxes, insurance and HOA in one number.
Thinking about Elkhorn Ridge Golf Estates?
Tell me your budget and timeline and I will tell you what is realistic in Elkhorn Ridge Golf Estates right now, including what has actually closed nearby.
This guide is general information, not legal, tax, lending or financial advice. Facts and figures are cited from public sources as of August 2026 and change over time. Henry Roy is a licensed real estate professional with Ascend Realty in South Dakota. Equal Housing Opportunity.