Property Update
January 2007
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Team Members:
Jeff Garrett
Owner/Broker
Spearfish, SD
605-641-0574
Greg Smeenk
Broker Associate
Belle Fourche, SD
605-641-3970
Todd Schuetzle
Broker Associate/Auctioneer
Pierre, SD
605-280-3115
Eric Mueller
Broker Associate
Yankton, SD
402-660-1044
Joe Duling
Broker Associate
Gregory, SD
605-835-8829
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| Welcome to Dakota Properties |
If you are considering selling your farm, ranch, or recreational property, or have the intention of finding one, consider working with one of our experienced brokers and broker associates. We live what we do. We know the territory, what to look for, and how to work with all of the people
involved. We want to share the lifestyle with others who have a love for rural properties like we do.
We have the right marketing affiliations, including Cabela's Trophy Properties. This allows us to market property on the world's most visited outdoor website. We serve a global client base with an overriding commitment to excellence, professionalism, and product knowledge. Enjoy our website and
contact our team of professionals for all of your buying, selling, leasing, and auction needs.
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South Dakota Land Values Continue Upward Climb
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Sioux Falls, August 4, 2006 - South Dakota farm real estate value, including land and buildings, averaged $710 per acre on January 1, 2006, up 17.4 percent from 2005, according to according to the South Dakota office of USDA's National Agricultural Statistics Service. This is an increase of
$105 over the 2005 value of $605 per acre, and is the thirteenth consecutive year of increasing values. This is the highest farm value on record, as values have increased over 75 percent in the last five years. The U.S. farm real estate value of $1,900 for 2006 is up 15 percent from January 1,
2005.
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Indefinitely Defer Income Taxes with a 1031 Exchange
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Real estate owners or investors expecting to acquire property subsequent to the sale of existing property can indefinitely defer income taxes by utilizing a 1031 exchange.
In a typical property sale, an owner has to pay taxes on any gain. In a properly executed Section 1031 exchange, the realized tax is deferred. These transactions are sanctioned under Section 1031 of the Internal Revenue Code and are often referred to as "1031 exchanges," "like-kind exchanges" or
"tax-deferred exchanges."
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Lake Francis Breaks
Incredible property on Lake Francis Case just above Fort Randall Dam. Some of the best deer and turkey hunting in SD.
 $259,000
For Sale
Bonesteel, South Dakota
90 Acres
Horse Creek Cattle Company
If you are looking for the true western lifestyle, you just found it! This exceptional property has Horse Creek flowing through it.
$1,636,319
For Sale
Newell, South Dakota
1,397 Acres
Circle CE Ranch
Scenic 2,091 acre ranch supporting deer, turkey and pheasants in Tripp County. New lodge and home overlooking a 6 acre lake.
$3,495,000
For Sale
Gregory, South Dakota
2,091 Acres
Robbs Flat Ranch
Enjoy the spectacular view of the Cheyenne River from your very own part of Robbs Flat. Scenic draws filled with natural cedar trees.
$1,310,796
For Sale
Pierre, South Dakota
1648.8 Acres
Speelman Creek Ranch
Large Montana ranch containing approximately 16,900 acres (7195 acres deeded). A 400 cow ranch with 3 creeks and abundant wildlife.
$3,000,000
For Sale
Ekalaka, Montana
7,195 Acres
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Cheyenne River Auction
This ranch offers some of the best hunting of mule deer, whitetail deer, pheasants, ducks, geese, grouse, and turkeys this area has to offer.
Sold Price: $943,103.65
Sold
Oral, South Dakota
1,670+/- Acres
Gavins Point Getaway
Gavins Point provides some of the best outdoor water recreation in South Dakota with fishing, sailboating, and waterskiing.
Sold Price: $365,865.50
185 Acres
Yankton, South Dakota
Sold
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