Madison Real Estate

Welcome to Madison, South Dakota – a charming city nestled in the heart of Lake County, where small-town warmth meets vibrant community spirit. Known for its picturesque landscapes and friendly atmosphere, Madison offers a unique blend of rural charm and modern conveniences, making it an ideal place to call home.

Madison is home to a rich history, with its roots dating back to the late 19th century. The city is named after James Madison, the fourth President of the United States, and has grown into a thriving hub known for its strong educational institutions, including Dakota State University. This university not only enriches the local culture but also fosters innovation and technology, making Madison a forward-thinking community.

Outdoor enthusiasts will find plenty to love in Madison, with stunning parks and recreational areas such as Lake Madison, which is perfect for fishing, boating, and picnicking. The city also hosts a variety of annual events and festivals that bring residents together, celebrating everything from arts and crafts to local cuisine.

For families, Madison boasts a highly-rated school system, ensuring that children receive a quality education in a nurturing environment. With a range of housing options, from charming historic homes to modern developments, there’s something for everyone in this welcoming community.

Whether you’re seeking a peaceful retreat or a place to grow your family, Madison, SD, offers a perfect balance of tranquility and opportunity. Come explore the beauty and warmth of Madison – your new hometown awaits!

Newest Listings in Madison

Courtesy of Brandon Burg from Signature Realty Group LLC. Cell: 605-291-9541

$800

22605659 MLS

Need space for your business? We have your solution! 30x60 contractor shops for rent in Madison. These units have radiant heat, floor drain, 220V panel, 16' wide by 14' tall door, and a half bath. Available immediately!

1301 John Deere Cir, Madison

Courtesy of Adam Foland from EXIT Realty Advantage. adamsellsmore@gmail.com

$378,500

22605635 MLS ⋅ Hot Shots BLDG.

Don’t miss this rare opportunity to own a well-established bar and restaurant with a strong track record of profitability in one of the area’s fastest-growing communities. Located just minutes from a rapidly expanding college campus, this popular spot draws steady traffic from students, locals, and visitors year-round. The business offers a winning combination of great food, lively entertainment, and a welcoming atmosphere making it a favorite gathering place for everything from game-day celebrations to weekend nights out. With a reputation for good times and consistent service, it’s perfectly positioned for continued success as the surrounding population and college enrollment keep rising. Whether you’re an experienced operator looking to expand or an investor seeking a profitable, ready-to-run business, this property offers excellent potential and long-term growth. Step into ownership of a proven community favorite today.

123 Sw 1st St, Madison

Courtesy of Adam Foland from EXIT Realty Advantage. adamsellsmore@gmail.com

$259,900

2 Beds ⋅ 2 Baths ⋅ 22605625 MLS

Escape to your own private retreat with this beautiful log home nestled on nearly an acre of picturesque, park-like grounds. Surrounded by mature trees and open green space, this property offers the perfect balance of privacy, natural beauty, and peaceful country-style living while being in the convenience if the city limits. Inside, you'll be welcomed by the warmth and timeless character that only a log home can provide. Vaulted ceilings create a open atmosphere, while the rustic wood finishes add charm and comfort throughout the home. The inviting living spaces are designed for both relaxing and entertaining. For those needing exceptional workspace or storage, the impressive 30' x 36' insulated and heated Morton building is a standout feature. Whether you're looking for a workshop, hobby space, storage for recreational vehicles, or a place to run your projects year-round, this versatile building offers endless possibilities. With its serene setting, rustic appeal, and outstanding outbuilding, this unique property is ideal for anyone seeking a peaceful lifestyle without sacrificing functionality. Whether you're enjoying quiet mornings surrounded by nature or entertaining family and friends, this one-of-a-kind property is ready to welcome you home.

706 S Union Ave, Madison

Courtesy of Adam Foland from EXIT Realty Advantage. adamsellsmore@gmail.com

$389,900

5 Beds ⋅ 4 Baths ⋅ 22605591 MLS

Step into a piece of history with this iconic landmark property, beautifully situated on a spacious corner lot and offering timeless architectural charm with exceptional versatility. Rich in character and meticulously cared for, this one-of-a-kind residence seamlessly blends historic elegance with modern functionality. The home's striking exterior is highlighted by an impressive double-decker wraparound porch featuring ornate support columns and decorative railings, creating a truly unforgettable first impression. Outdoor entertaining is equally inviting with a full brick wood-burning fireplace on the patio—an ideal setting for gathering with family and friends throughout the seasons. Inside, you'll discover beautifully finished living space across three levels, showcasing exquisite original woodwork, elevated ceilings, and an array of decorative windows including oval, curved, and leaded glass that fill the home with warmth and natural light. The cozy living room centers around a natural wood-burning fireplace, while an additional dining or gathering area features a charming natural gas stove, adding comfort and ambiance. Offering five bedrooms and four-plus bathrooms, this remarkable property provides flexibility for a variety of lifestyles. With the potential for up to four separate living spaces, it is perfectly suited for multi-generational living, guest accommodations, or income-producing opportunities. The upper level has previously been configured as two one-bedroom apartments, allowing the home to function as either a grand single-family residence or a mixed-use investment property. Additional features include a heated and insulated oversized double garage, generous living and entertaining spaces, and countless opportunities to customize the home to fit your vision. Whether you're searching for an extraordinary family home, an investment opportunity, or a chance to own one of the community's most recognizable historic residences, this property offers endless possibilities. Lovingly maintained and rich with history, it stands ready for its next chapter.

500 N Egan Ave, Madison

Courtesy of Eric Harms from Hegg, REALTORS. OFFICE: 605-336-2100

$160,000

22605432 MLS

Discover the perfect place to create your own Lake Madison getaway on this exceptional 1.81-acre lot in the desirable Marr's Beach Addition. Surrounded by mature trees and the beauty of nature, this spacious parcel offers a peaceful setting with plenty of room to build the home you've always envisioned. Whether you're dreaming of a year-round residence or a weekend retreat, you'll appreciate the privacy, generous acreage, and close proximity to all that Lake Madison has to offer. Spend your days boating, fishing, paddleboarding, or simply soaking in the tranquil surroundings. Large wooded parcels like this are becoming increasingly rare—don't miss your opportunity to own a slice of lake country just minutes from Sioux Falls.

Lot 8 Marrs Beach Ln, Madison

Courtesy of Eric Harms from Hegg, REALTORS. OFFICE: 605-336-2100

$150,000

22605431 MLS

Build your dream lake retreat on one of Lake Madison's most unique parcels! Nestled in the desirable Marr's Beach Addition, this 1.74-acre lot offers an exceptional combination of space, privacy, and natural beauty. Towering mature trees create a picturesque backdrop while the peaceful water views and surrounding landscape provide the perfect setting to design your ideal home or weekend getaway. With ample room for your dream home, and outdoor entertaining spaces, opportunities like this are increasingly hard to find on Lake Madison. Enjoy everything lake life has to offer—from boating, fishing, and kayaking to spectacular sunsets and year-round recreation—all just a short drive from Sioux Falls. If you've been searching for a property that offers both acreage and the Lake Madison lifestyle, this is the one you've been waiting for.

Lot 7 Marrs Beach Ln, Madison

Courtesy of Adam Foland from EXIT Realty Advantage.

$599,000

3 Beds ⋅ 2 Baths ⋅ 22605318 MLS

Check out this beautiful walk out ranch style home located in Madisons newest development "The Reserve" overlooking a natural pond active with ducks, geese, blue heron and much more for your entertainment. Conveniently located just north of the DSU athletic complex and also close to Madison High School and Middle School. Just arriving to the property is a new composite main level deck and a concrete lower level patio. Stunning features in this home are a spacious kitchen with elegant cabinetry, classic subway tile backsplash, quartz counters including a 4x9 ft island and a spacious hidden pantry, its the Best! The main living space has a vaulted ceiling with a wall of windows facing the tranquil pond including a fireplace as the centerpiece. Two walk-in closets are the highlight of the primary bedroom with custom built in shelves and drawers as well as double sinks and a tile walk-in shower. The lower level in unfinished with the potential for at least two more bedrooms and bathroom and has a french door to exit the walkout basement. Amazing property that you can enjoy as is or grow with you!

823 Harter Dr, Madison

Courtesy of Mark Fiechtner from Dynamic Realty.

$189,900

22605195 MLS

Why rent a commercial shop when you can own it? Rare opportunity to own a brand new, energy efficient 30x60 commercial shop outfitted with the small contractor in mind! 1800 sq ft with 16' ceilings and a 16x14' overhead door with remote, bathroom, floor drain, radiant heat, internet, huge parking lot to allow for semi truck traffice for delivery all located in a growing commercial and industrial area right off Hwy 34 in Madison's new industrial park. All snow and grass maintenance is take care with the HOA.

1302 John Deere Cir, Madison

Courtesy of Josh Fiedler from Amy Stockberger Real Estate.

$234,900

4 Beds ⋅ 2 Baths ⋅ 22605107 MLS

Welcome to this spacious 2-story home situated on a desirable corner lot! Featuring 4 bedrooms, 2 bathrooms, and a 3-stall garage, this property offers plenty of space for comfortable living, storage, and hobbies. Mature trees provide abundant shade, creating a peaceful outdoor setting, while the wonderful covered deck is the perfect place to relax or entertain family and friends. Whether you're looking for your next home or a great investment opportunity, this property offers exceptional potential. Schedule your showing today and see all it has to offer!

121 N Liberty Ave, Madison

Courtesy of Zane Lentsch from Keller Williams Realty Sioux Falls.

$240,000

2 Beds ⋅ 2 Baths ⋅ 22605016 MLS

Stress-free living starts here. This inviting 2-bedroom with a non-conforming 3rd, 2-bath home features a smart and comfortable layout with two bedrooms and one full bath on the main floor, along with a bright living room, defined dining space, and convenient main-floor laundry. The lower level offers a spacious third bedroom, second bath, and a large unfinished room—perfect for future expansion or added finished square footage. An attached garage provides everyday convenience and extra storage. Outside, enjoy the freedom of HOA-managed lawn care and snow removal, giving you more time for what matters most. A great fit for anyone seeking comfort, simplicity, and low-maintenance living.

413 Se 8th St Unit 4, Madison

Courtesy of Justin Garry from Hegg, REALTORS.

$150,000

3 Beds ⋅ 2 Baths ⋅ 22604966 MLS

This two story century plus old home features 3 bedrooms, 2 bathrooms, and a detatched one stall garage with an additional carport. The main floor features a living room, master bedroom & bath, and a kitchen with a slider door out to the backyard. The upper level features two additional bedrooms & a bathroom. New central air installed! Currently used as a rental property this could remain with the tenant in place or be transformed back into a single family dwelling.

219 S Union Ave, Madison

Courtesy of Adam Foland from EXIT Realty Advantage.

$79,900

22604853 MLS

Peaceful country living, open views, no back yard neighbors and no HOA! This lot is located near Lake Herman and its public boat landing, near Madison Country Club and minutes from town! Enjoy the Freedom of living in the country but less than 10 minutes from the convenience of town amenities!

2140 Harvest Creek Ln, Madison

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The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the REALTOR® Association of the Sioux Empire, Inc., Multiple Listing Service. Real estate listings held by brokerage firms other than our company are marked with the Internet Data Exchange™ logo or the Internet Data Exchange thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. The broker(s) providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision. © 2026 REALTOR® Association of the Sioux Empire, Inc. Multiple Listing Service. All rights reserved.