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For sale
  • $739,000

    2145 Twin Lakes Rd, Lake Preston, SD 57249

    3beds
    1,888sqft
    : 
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    Single Family Residence
    Built in 2007
    0.86 Acres Lot
    $704,600 Zestimate®
    $391/sqft
    $-- HOA

    What's special

    Floor-to-ceiling gas fireplaceCustom-built lakefront homeLevel lotRv hookupLake-facing deckThree bedroomsSouthern exposure
    Located on the highly sought-after shores of Lake Thompson, this custom-built lakefront home offers a rare opportunity to own premium waterfront property with exceptional access, views, and functional improvements. Featuring 100 feet of level, sandy shoreline, this property provides easy entry to the water and an ideal setup for boating, fishing, and lakeside recreation. The home is thoughtfully designed to maximize its southern exposure, with two stories of expansive windows facing the lake. Natural light fills the interior while offering panoramic views of the water throughout the day. The open living space is anchored by a floor-to-ceiling gas fireplace, creating a comfortable and functional gathering area for year-round enjoyment. The layout includes three bedrooms and two and a half bathrooms, with a main floor primary bedroom that offers convenience and privacy. The design supports both full-time living and seasonal use, with practical features such as a crawl space for additional storage and efficient mechanical access. Outdoor living is a key highlight, with a lake-facing deck that provides an excellent space for relaxing, entertaining, or enjoying sunrise and sunset views over the water. The level lot allows for easy movement between the home and shoreline, enhancing the overall usability of the property. In addition to the home, the property includes an oversized, finished three-car garage that provides ample space for vehicles, lake equipment, and tools. An RV hookup adds flexibility for guests or additional recreational use. A detached single-stall garage offers further storage options. One of the standout features is the 30-foot by 48-foot finished Cleary building, ideal for storing boats, campers, or recreational vehicles. This structure significantly increases the property's functionality and appeal for outdoor enthusiasts and those needing additional workspace or storage capacity. Lake Thompson is well known for its fishing, boating, and year-round recreational opportunities, making this property a strong fit for buyers seeking both relaxation and outdoor activity. Whether used as a primary residence or a seasonal getaway, this lakefront home delivers a combination of location, design, and improvements that are difficult to find in one package.
    62 days
    |
    331
    |
    5
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    Zillow last checked:

    Listing updated:

    Listed by:

    Katie Graeb 605-690-8582,

    Whitetail Properties Real Estate, LLC

    Source: My State MLS,MLS#: 11729060

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 3
      • Full bathrooms: 2
      • 1/2 bathrooms: 1
      Kitchen
      • Features: Open
      Basement
      • Area: 0
      Heating
      • Has Heating (Unspecified Type)
      Appliances
      • Included: Dishwasher, Dryer, Refrigerator, Microwave, Oven, Washer
      Features
      • Flooring: Carpet
      • Has basement: No
      • Number of fireplaces: 1
      Interior area
      • Total structure area: 1,888
      • Total interior livable area: 1,888 sqft
      • Finished area above ground: 1,888
      Video & virtual tour

      Property

      Features
      • Has view: Yes
      • View description: Lake, Water
      • Has water view: Yes
      • Water view: Lake,Water
      • Waterfront features: Lake
      • Body of water: Lake Thompson
      Lot
      • Size: 0.86 Acres
      Details
      • Parcel number: 7573
      • Lease amount: $0

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Roof: Asphalt
      Condition
      • New construction: No
      • Year built: 2007

      Utilities & green energy

      • Electric: Amps(0)

      Community & HOA

      HOA
      • Has HOA: No
      Location
      • Region: Lake Preston

      Financial & listing details

      • Price per square foot: $391/sqft
      • Tax assessed value: $578,591
      • Annual tax amount: $4,685
      • Date on market: 4/23/2026
      • Date available: 04/23/2026
      • Listing agreement: Exclusive

        Estimated market value

        $704,600

        $669,000 - $740,000

        $2,094/mo

        Price history

        DateEventPrice
        4/23/2026Listed for sale$739,000-4.6%$391/sqft
        Source: My State MLS #11729060 Report a problem
        12/11/2025Listing removed$775,000$410/sqft
        Source: Northeast South Dakota BOR #24-7067 Report a problem
        9/25/2025Price change$775,000-2.5%$410/sqft
        Source: Northeast South Dakota BOR #24-7067 Report a problem
        7/14/2025Price change$795,000-3.6%$421/sqft
        Source: Northeast South Dakota BOR #24-7067 Report a problem
        6/9/2025Listed for sale$825,000+73.7%$437/sqft
        Source: Northeast South Dakota BOR #24-7067 Report a problem
        5/8/2021Listing removed--
        Source: Owner Report a problem
        5/7/2021Listed for sale$475,000+5.6%$252/sqft
        Source: Owner Report a problem
        3/24/2021Listing removed--
        Source: Owner Report a problem
        2/11/2021Price change$450,000-5.3%$238/sqft
        Source: Owner Report a problem
        11/17/2020Listed for sale$475,000+14.1%$252/sqft
        Source: Owner Report a problem
        9/7/2018Listing removed$416,134$220/sqft
        Source: Owner Report a problem
        6/9/2018Pending sale$416,134$220/sqft
        Source: Owner Report a problem
        5/6/2018Price change$416,134-5.2%$220/sqft
        Source: Owner Report a problem
        4/10/2018Listed for sale$439,000$233/sqft
        Source: Owner Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$4,157 +17.5%$578,591 +20%
        2023$3,539 -29.9%$482,160 +20%
        2022$5,048 $401,800 +10%
        2021-- $365,272 +20%
        2020-- $304,394
        2018$3,056 $304,394 +19%
        2017$3,056 $255,795 +7.5%
        2016-- $237,897 +26.6%
        2015-- $187,907 +12.2%
        2013-- $167,481

        Find assessor info on the county website

        Monthly payment

        Est. payment

          Payment breakdown

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          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.
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          Climate risks

          Neighborhood: 57249

          Getting around

          0 / 100
          Car-Dependent
          27 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating

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