A rare, limited opportunity to own a premier lakefront property on Lake Kampeska, this 3 bedroom, 2 bath home offers timeless character with key structural updates. Originally built in 1955 and raised in 2001, the home features a functional layout with two very large living rooms, one featuring a fireplace. Large windows capture natural light and lake views throughout. The giant master suite includes a walk-in closet and direct views of the water. The property includes a detached 4 stall garage and a separate bathhouse, providing added flexibility for guests and lake use. A seawall installed in 2012 and remodeled in 2026 protects the shoreline. Brand new shingles in installed in 2024. Grass seed was just spread, to freshen up the yard. Positioned on one of the area's most desirable lakes, this is a standout opportunity to secure a well-located lakefront home with lasting potential. Agent is related to seller.
Sold for $490,000
Zestimate®
$490,000
118 N Lake Dr, Watertown, SD 57201
3beds
1,672sqft
Single Family Residence
Built in 1955
10,454 Square Feet Lot
$490,000 Zestimate®
$293/sqft
$1,576 Estimated rent
Home value
$490,000
Estimated sales range
Not available
$1,576/mo
Zestimate® history
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List your homeWhat's special
Timeless characterFunctional layoutWalk-in closetGiant master suiteSeparate bathhouse
Zillow last checked:
Listing updated:
Listed by:
Carley Elizabeth Stewart 605-880-2741,
MAINSTREAM REALTY
Bought with:
Carley Elizabeth Stewart, 22036
MAINSTREAM REALTY
Source: Northeast South Dakota BOR,MLS#: 37-595
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Features
- Flooring: Carpet, Laminate
Interior area
- Total structure area: 1,672
- Total interior livable area: 1,672 sqft
Property
Parking
- Total spaces: 4
- Parking features: Garage
- Garage spaces: 4
Features
- Stories: 1
Lot
- Size: 10,454 Square Feet
- Dimensions: 72 x 143.25
Details
- Parcel number: 11501
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Roof: Asphalt
Condition
- Year built: 1955
Utilities & green energy
- Utilities for property: Sewer Connected
Community & HOA
HOA
- Has HOA: No
Location
- Region: Watertown
Financial & listing details
- Price per square foot: $293/sqft
- Tax assessed value: $467,732
- Annual tax amount: $5,120
- Date on market: 5/30/2026
Price history
| Date | Event | Price |
|---|---|---|
| 7/2/2026 | Sold | $490,000-3.5%$293/sqft |
Source: Northeast South Dakota BOR #37-595 Report a problem | ||
| 6/6/2026 | Contingent | $508,000$304/sqft |
Source: Northeast South Dakota BOR #37-595 Report a problem | ||
| 5/30/2026 | Listed for sale | $508,000-7.6%$304/sqft |
Source: Northeast South Dakota BOR #37-595 Report a problem | ||
| 11/1/2025 | Listing removed | $549,900$329/sqft |
Source: Northeast South Dakota BOR #20-8372 Report a problem | ||
| 9/15/2025 | Price change | $549,900-5.2%$329/sqft |
Source: Northeast South Dakota BOR #20-8372 Report a problem | ||
| 7/26/2025 | Listed for sale | $579,900$347/sqft |
Source: Northeast South Dakota BOR #20-8372 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,983 +12.4% | $467,732 |
| 2024 | $4,434 +10% | $467,732 +20% |
| 2023 | $4,032 +5.2% | $389,777 +17.6% |
| 2022 | $3,831 | $331,503 +9.8% |
| 2021 | -- | $301,929 +9% |
| 2020 | $3,587 +7.9% | $277,126 +8.6% |
| 2019 | $3,324 +3% | $255,287 +3.5% |
| 2018 | $3,228 | $246,633 |
| 2017 | -- | $246,633 +8.9% |
| 2016 | -- | $226,553 |
| 2015 | $3,351 | $226,553 |
| 2014 | $3,351 | $226,553 |
| 2013 | -- | $226,553 -3.5% |
| 2012 | -- | $234,788 |
Find assessor info on the county website
Neighborhood: 57201
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Nearby schools
GreatSchools rating
- 7/10Jefferson Elementary - 09Grades: 1-4Distance: 3.5 mi
- 8/10Watertown Jr. High - 02Grades: 7-8Distance: 4.3 mi
- 5/10Watertown High School - 01Grades: 9-12Distance: 5.1 mi
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- South Dakota
- Codington County
- Watertown
- 57201
- 118 N Lake Dr
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