Rare opportunity to own a .5-acre lot on Lake Pelican with direct backyard lake access and wide open water views. This property offers a hard-to-find combination of space, shoreline, and flexibility in one of Watertown's most established lake areas.
The home features 5 bedrooms total — 3 on the main level and 2 in the lower level — plus 2 bathrooms, a detached 2-stall garage, and a hot tub. The lot provides room for outdoor living, future expansion, or redevelopment, with a gentle slope to the water and mature trees for privacy and shade.
While the home remains largely in its original condition, it offers a solid footprint for renovation or customization, allowing the next owner to design a lake home that fits their vision without paying for someone else's updates.
Whether you're looking for a personal lake retreat, a year-round residence, or a long-term investment, this Lake Pelican property delivers location, land, and lake access that are increasingly difficult to find.
Under contract
Price cut: $34K (6/4)
$295,900
17438 449th Ave, Watertown, SD 57201
5beds
2,336sqft
Single Family Residence
Built in 1959
0.49 Acres Lot
$-- Zestimate®
$127/sqft
$-- HOA
What's special
Direct backyard lake accessHot tubWide open water views
- 173 days |
- 928 |
- 29 |
Zillow last checked:
Listing updated:
Listed by:
JIM A ZECK 605-881-9224,
ZENITH PROPERTIES
Source: Northeast South Dakota BOR,MLS#: 42-97
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Features
- Flooring: Carpet
Interior area
- Total structure area: 2,336
- Total interior livable area: 2,336 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Garage spaces: 2
Lot
- Size: 0.49 Acres
- Dimensions: N130 S141E140W160
Details
- Parcel number: 3232
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Roof: Asphalt
Condition
- Year built: 1959
Utilities & green energy
- Water: Well
Community & HOA
HOA
- Has HOA: No
Location
- Region: Watertown
Financial & listing details
- Price per square foot: $127/sqft
- Tax assessed value: $233,900
- Annual tax amount: $2,260
- Date on market: 1/15/2026
Estimated market value
Not available
Estimated sales range
Not available
$2,210/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/6/2026 | Contingent | $295,900$127/sqft |
Source: Northeast South Dakota BOR #42-97 Report a problem | ||
| 6/4/2026 | Price change | $295,900-10.3%$127/sqft |
Source: Northeast South Dakota BOR #42-97 Report a problem | ||
| 4/1/2026 | Price change | $329,900-5.7%$141/sqft |
Source: Northeast South Dakota BOR #42-97 Report a problem | ||
| 3/12/2026 | Price change | $349,900-5.4%$150/sqft |
Source: Northeast South Dakota BOR #42-97 Report a problem | ||
| 2/10/2026 | Price change | $369,900-6.3%$158/sqft |
Source: Northeast South Dakota BOR #42-97 Report a problem | ||
| 1/15/2026 | Listed for sale | $394,900$169/sqft |
Source: Northeast South Dakota BOR #42-97 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,096 +8.7% | $233,900 +5.1% |
| 2024 | $1,928 +18.4% | $222,521 +15.1% |
| 2023 | $1,628 +6.6% | $193,331 +26.4% |
| 2022 | $1,527 | $152,942 +10.6% |
| 2021 | -- | $138,327 |
| 2020 | $1,509 -0.4% | $138,327 |
| 2019 | $1,516 +1.4% | $138,327 -1% |
| 2018 | $1,495 +0.2% | $139,779 |
| 2017 | $1,492 | $139,779 +6.1% |
| 2016 | $1,492 -6.2% | $131,705 +0.7% |
| 2015 | $1,590 +2.7% | $130,819 +6.8% |
| 2014 | $1,549 | $122,441 +5% |
| 2013 | -- | $116,610 -29.3% |
| 2012 | -- | $165,044 |
Find assessor info on the county website
Monthly payment
Est. payment$--/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: 57201
Nearby schools
GreatSchools rating
- 7/10McKinley Elementary - 06Grades: PK-4Distance: 5.5 mi
- 8/10Watertown Jr. High - 02Grades: 7-8Distance: 7.9 mi
- 5/10Watertown High School - 01Grades: 9-12Distance: 6.7 mi
A local agent can set up tours, give advice and negotiate with sellers.
- South Dakota
- Codington County
- Watertown
- 57201
- 17438 449th Ave



