For sale

$3,135,000

1203 Lake Shore Dr, Okoboji, IA 51355

4beds

2,400sqft

$22,411/mo

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Single Family Residence

Built in 1968

7,840 Square Feet Lot

$-- Zestimate^®

$1,306/sqft

$-- HOA

What's special

Oversized parking apronExtensive updates throughoutTwo-car garageArtificial turf

For over 50 years, the iconic red house on Smith's Bay has been a familiar landmark on West Lake Okoboji. Now completely reimagined, this 4BR, 2BA waterfront home perfectly blends midcentury nostalgia with modern lake living. The thoughtful renovation preserves the character that made this home special while updating virtually every detail for today's lifestyle. Sold newly furnished — including décor, furniture, kitchenware, silverware, linens, towels, and the dock — it's truly move-in ready. Low-maintenance living means more time enjoying the lake with artificial turf, extensive updates throughout and maintenance-free finishes inside and out. A two-car garage, oversized parking apron, and seller-paid home inspection add even more value and peace of mind. This isn't just a remodeled lake house—it's one of Smith's Bay's most recognizable homes, thoughtfully restored for the next generation to enjoy. Classic Okoboji, beautifully reimagined.

44 days

1,136

19

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2
Full bathrooms: 1
3/4 bathrooms: 1

Bedroom 1

Level: Main

Bedroom 2

Level: Main

Bedroom 3

Level: Basement

Bedroom 4

Level: Basement

Bathroom 1

Level: Main

Bathroom 2

Level: Basement

Deck

Level: Main

Dining room

Level: Main

Kitchen

Level: Main

Laundry

Level: Basement

Living room

Level: Main

Patio

Level: Basement

Rec room

Level: Basement

Heating

Fireplace(s), Forced Air

Cooling

Central Air

Appliances

Included: Dishwasher, Disposal, Dryer, Indoor Grill, Microwave, Range/Stove, Refrigerator, Washer, ENERGY STAR Qualified Dryer, ENERGY STAR Qualified Washer, ENERGY STAR Qualified Dishwasher, ENERGY STAR Qualified Refrigerator, Stove/Oven, Gas Water Heater

Features

Ceiling Fan(s), Eat-in Kitchen, Kitchen Island, Main Floor Bedrooms, Pantry, Vaulted Ceiling(s), Walk-In Closet(s)
Flooring: Tile
Windows: Window Coverings
Basement: Daylight,Egress Windows,Finished,Walk-Out Access,Block,Full,Walkout
Has fireplace: Yes
Fireplace features: Gas
Furnished: Yes

Interior area

Total structure area: 2,400
Total interior livable area: 2,400 sqft
Finished area above ground: 1,200
Finished area below ground: 1,200

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Property

Parking

Total spaces: 2
Parking features: Concrete, Attached, Garage Door Opener
Attached garage spaces: 2
Has uncovered spaces: Yes

Features

Levels: Two
Stories: 2
Patio & porch: Deck, Patio
Exterior features: Dock
On waterfront: Yes
Waterfront features: Waterfront
Body of water: West Okoboji Lake
Frontage length: Waterfront Frontage: 50

Lot

Size: 7,840 Square Feet
Dimensions: 50 x 160

Details

Parcel number: 0720303005

Construction

Type & style

Home type: SingleFamily
Architectural style: Ranch
Property subtype: Single Family Residence

Materials

Brick, Wood Siding, Stick Built
Roof: Asphalt

Condition

Updated/Remodeled
New construction: No
Year built: 1968

Utilities & green energy

Electric: Circuit Breakers
Sewer: Public Sewer
Water: Public
Utilities for property: Natural Gas Connected

Community & HOA

Community

Security: Smoke Detector(s)
Subdivision: IA

Location

Region: Okoboji

Financial & listing details

Price per square foot: $1,306/sqft
Tax assessed value: $2,085,100
Annual tax amount: $15,992
Date on market: 6/30/2026

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
6/30/2026	Listed for sale	$3,135,000+95.9%$1,306/sqft
Source: Iowa Great Lakes BOR #260736 Report a problem
8/22/2025	Sold	$1,600,000-3%$667/sqft
Source: Iowa Great Lakes BOR #250738 Report a problem
6/13/2025	Listed for sale	$1,650,000$688/sqft
Source: Iowa Great Lakes BOR #250738 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$15,992 -2.1%	$2,085,100 +24.6%
2024	$16,334 +45.3%	$1,673,800
2023	$11,242 +6.3%	$1,673,800 +77.4%
2022	$10,578 +4.5%	$943,700
2021	$10,118 +0.7%	$943,700 +10.9%
2020	$10,044 +16.2%	$851,100
2019	$8,645 +13.9%	$851,100 +17.9%
2018	$7,590 -9.6%	$721,600
2017	$8,396 +10.6%	$721,600 +5.3%
2016	$7,590 +4.2%	$685,500
2015	$7,286 +2.5%	$685,500 +3.9%
2014	$7,110 +4.8%	$659,600
2013	$6,782	$659,600

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

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.

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Climate risks

Neighborhood: 51355

Getting around

32 / 100

Car-Dependent

67 / 100

Bikeable

Nearby schools

GreatSchools rating

6/10
Okoboji Elementary School
Grades: PK-4Distance: 3.9 mi
6/10
Okoboji Middle School
Grades: 5-8Distance: 4.2 mi
5/10
Okoboji High School
Grades: 9-12Distance: 4 mi

Schools provided by the listing agent

District: Okoboji

Source: Iowa Great Lakes BOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.