Experience lake living at its finest with this exceptional retreat on the East Lake at Lake Ponderosa. Boasting an impressive 135 feet of shoreline with an expansive seawall, this property offers breathtaking water views and outstanding outdoor enjoyment. Situated on a rare double lot totaling .56 acres, there is plenty of room to relax, entertain, and enjoy the lake lifestyle.
This well-maintained home features 3 bedrooms, 1½ baths, and approximately 1,080 square feet on the main level, plus an additional 240-square-foot loft (used as one of the bedrooms). Recent exterior improvements include brand new siding, windows, gutters with LeafGuard protection, and durable steel roofing on both the home and the oversized two-stall garage. Inside, the home has been freshly painted and updated with new canned lighting, trim, and ceiling fan, creating a bright and welcoming atmosphere.
The outdoor amenities make this property truly stand out. A front maintenance free covered deck and a paved patio. Included is a large covered maintenance free dock system with a pontoon lift, and the spacious platform can easily be modified to accommodate an additional lift if desired. Conveniently located near a hard-surfaced road — a highly sought-after feature at the lake — this property offers easy access year-round.
There’s nothing left to do but move in, relax, and enjoy everything Lake Ponderosa has to offer.
For sale
$685,000
111 Cottage Ln, Montezuma, IA 50171
3beds
1,296sqft
Single Family Residence
Built in 1992
0.56 Acres Lot
$646,100 Zestimate®
$529/sqft
$-- HOA
What's special
Bright and welcoming atmosphereGutters with leafguard protectionBrand new sidingBreathtaking water viewsNew canned lightingPaved patio
- 46 days |
- 458 |
- 14 |
Zillow last checked:
Listing updated:
Listed by:
Patricia O'Connell 319-775-7062,
Realty87
Source: CRAAR, CDRMLS,MLS#: 2603565
Originating MLS: Cedar Rapids Area Association Of Realtors
Loading...
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Rooms
- Room types: Laundry
Other
- Level: First
Heating
- Forced Air, Gas
Cooling
- Central Air
Appliances
- Included: Dryer, Dishwasher, Electric Water Heater, Range, Refrigerator, Washer
- Laundry: Main Level
Features
- Eat-in Kitchen, Kitchen/Dining Combo, Bath in Primary Bedroom, Main Level Primary
- Basement: Concrete
Interior area
- Total interior livable area: 1,296 sqft
- Finished area above ground: 1,296
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Garage spaces: 2
Features
- Stories: 1
- Patio & porch: Deck
- On waterfront: Yes
Lot
- Size: 0.56 Acres
- Dimensions: 24,198
- Features: Waterfront
Details
- Parcel number: 1936900
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Frame, Vinyl Siding
- Foundation: Poured, Slab
Condition
- New construction: No
- Year built: 1992
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Montezuma
Financial & listing details
- Price per square foot: $529/sqft
- Tax assessed value: $616,260
- Annual tax amount: $5,456
- Date on market: 5/21/2026
- Listing terms: Cash,Conventional
Estimated market value
$646,100
$614,000 - $678,000
$1,438/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/21/2026 | Listed for sale | $685,000-2%$529/sqft |
Source: | ||
| 4/22/2025 | Listed for sale | $699,000+175.2%$539/sqft |
Source: | ||
| 9/26/2012 | Sold | $254,000+33.7%$196/sqft |
Source: | ||
| 6/24/2011 | Sold | $190,000$147/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,456 -3.6% | $616,260 +9.7% |
| 2024 | $5,662 +9.6% | $561,720 |
| 2023 | $5,164 -0.8% | $561,720 +30.8% |
| 2022 | $5,206 +16.7% | $429,320 |
| 2021 | $4,460 +1.7% | $429,320 +27.2% |
| 2020 | $4,384 +12.3% | $337,600 |
| 2019 | $3,904 +1.2% | $337,600 +15.9% |
| 2018 | $3,856 +10.5% | $291,350 |
| 2017 | $3,490 | $291,350 +10.4% |
| 2016 | -- | $263,860 |
| 2015 | -- | $263,860 +5.5% |
| 2014 | -- | $250,110 -0.5% |
| 2013 | -- | $251,280 +3.7% |
| 2012 | $2,376 | $242,410 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 50171
Nearby schools
GreatSchools rating
- 8/10Montezuma Elementary SchoolGrades: PK-5Distance: 2.8 mi
- 6/10Montezuma Junior High SchoolGrades: 6-8Distance: 2.8 mi
- 7/10Montezuma High SchoolGrades: 9-12Distance: 2.8 mi
Schools provided by the listing agent
- Elementary: Montezuma
- Middle: Montezuma
- High: Montezuma
Source: CRAAR, CDRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Iowa
- Poweshiek County
- Montezuma
- 50171
- 111 Cottage Ln





