LEAD | The former Deer Mountain/Mystic Miner ski resort is back on the market.
Current owners of the more than 440-acre property have completed clean-up of the ski resort, which has not operated for more than two years, along with repairs and upgrades to a water system serving about 150 homes in the Deer Mountain subdivision.
“We’ve got some things straightened up and put it up for sale,” said N. William “Bill” Phillips, spokesman for the Kansas City-based Milan Investment Club.
An attorney representing the three-member investment club was the lone bidder at a September 2017 Lawrence County Sheriff’s auction.
The purchase price was $1 more than the total of $3,738,594, which included $2.2 million in first and second mortgages along with $1.1 million in interest and attorney's fees owed by the former ownership group, Union Resort LLC, and four Black Hills area residents, which had owned the resort since 2008.
Milan only took final possession last October following a required one-year period for the former owners to satisfy their financial obligations and keep the property.
Since taking over, Phillips said the new ownership group 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.
"For our use, we put the property up for sale at what we understand is the fair market value," he said.
Heath Gran of Great Peaks Realty of Spearfish said three purchase options are available:
$3.25 million for the entire 442-plus acres located 5 miles southwest of Lead, including Deer Mountain/Mystic Miner resort and ski runs both east and west of Terry Peak Summit Road; $1.8 million for 158 acres for the main resort and ski runs east of Terry Peak Summit Road; $1.45 million for 283 acres on the west side of Terry Peak Summit Road.
Gran said the property has generated interest since its initial listing at the end of February.
Showing the property has been difficult because of a large amount of snowfall received, especially in the past few days.
“I don’t think we’ll have a lot of activity on it until the snow melts, but there’s been some guys doing their homework,” Gran said.
The chair lift at the closed Deer Mountain/Mystic Miner Resort is idle. Current owners of the property near Lead are reselling the property.
The ski lodge at the long-closed Deer Mountain/Mystic Miner Resort near Lead is being cleaned up by new owners, who have recently placed the sprawling property back on the market.
The chair lift at the closed Deer Mountain/Mystic Miner Resort is idle, but new owners of the property have recently placed the property back on the market.
Janet Sanders, of Rapid City, gives verbal instruction to Maria Fitton, of Toronto, Canada, as they snowshoe together Wednesday afternoon during the Black Hills Ski for Light event near Deer Mountain. For more on the Ski for Light event, see
Visitors at the Zero Gravity Tube Park ride the lift to the top of the slope Saturday at Deer Mountain.
Terri Knight, left, Heather Will and Kayla Binde tube down slope at the Zero Gravity Tube Park at Deer Mountain.
A group of tubers speed down the slope at the Zero Gravity Tube Park at Deer Mountain.
Kenna Culek, 14, rides up the lift to the Zero Gravity Tube Park Saturday, Dec. 9 at Deer Mountain.
People tube down the slope Saturday, Dec. 9 at the Zero Gravity Tube Park at Deer Mountain.
Kenna Culek, 14, pulls her brother Mitch, 9, in a tube as the two make their way to the Zero Gravity Tube Park lift Jan. 9 at Deer Mountain.
Hallie Cochran, 12, left, eyes the end of the slope as she tubes down the slope with Connor Cochran, 8, Kenna Culek, 14, and Mitch Culek, 9, on Dec. 9 at the Zero Gravity Tube Park at Deer Mountain.
From left, Logan Charlton, Mazie Croyle, Grace Petry and Wraygen Shouldis carry their tubes to the lift on Saturday at Ski Mystic Deer Mountain as they celebrate Shouldis' 13th birthday on the opening weekend of ski season.
From left, Logan Charlton, Mazie Croyle, Grace Petry and Wraygen Shouldis carry their tubes to the lift on Saturday, Dec. 6, 2014 at Ski Mystic Deer Mountain as they celebrated Shouldis' 13th birthday during last ski season's opening weekend. Both area ski resorts plan to open soon.
The Holy Grail sled, right, wins the adult team race Saturday afternoon during the Cardboard Classic Box Sled Races at Ski Mystic Deer Mountain. Nearly 20 sleds were assembled from cardboard and tape and rode down Deer Mountain during the event.
Thomas Ramos jumps high above a rail at Ski Mystic Deer Mountain.
Christian Baird sails over a jump at the new Throwdown Terrain Park at Ski Mystic Deer Mountain.
Ski season opens on Saturday at Ski Mystic Deer Mountain and Dec. 7 at Terry Peak Ski Area.
Can you stand more winter fun? The Cardboard Classic Box Sled Races will be Saturday, March 22, at Ski Mystic Deer Mountain.
ski mystic snowboarding
Snowboarding instructor Steven Bales and a student work on turns on the beginner hill at Ski Mystic Deer Mountain.
From left, Kelsey Traxinger, Hannah Westin and Lorelee Traxinger tube down the slopes at the Zero Gravity Tube Park at Ski Mystic Deer Mountain near Lead on Sunday. "I like the variety," said Lorelee Traxinger.
Tubers scream on the way down the Zero Gravity Tube Park slopes at Ski Mystic Deer Mountain outside Lead. "It's for everybody. We have a range of grandkids to grandparents. One tip would be to keep your butt up and hang on," said Mark Brockman, Ski Mystic Deer Mountain co-owner.
Tubers are carried up the Zero Gravity Tube Park and Ski Mystic Deer Mountain outside Lead by a tow cable. For the trip down, grandparents, parents and children may hook their tubes together.
A young girl is lifted to the top of Ski Mystic Deer Mountain with her father before riding her tube down the slopes. The mountain has five lanes for tubing.