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.
For sale
$739,000
2145 Twin Lakes Rd, Lake Preston, SD 57249
3beds
1,888sqft
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
- 62 days |
- 331 |
- 5 |
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
| Date | Event | Price |
|---|---|---|
| 4/23/2026 | Listed for sale | $739,000-4.6%$391/sqft |
Source: My State MLS #11729060 Report a problem | ||
| 12/11/2025 | Listing removed | $775,000$410/sqft |
Source: Northeast South Dakota BOR #24-7067 Report a problem | ||
| 9/25/2025 | Price change | $775,000-2.5%$410/sqft |
Source: Northeast South Dakota BOR #24-7067 Report a problem | ||
| 7/14/2025 | Price change | $795,000-3.6%$421/sqft |
Source: Northeast South Dakota BOR #24-7067 Report a problem | ||
| 6/9/2025 | Listed for sale | $825,000+73.7%$437/sqft |
Source: Northeast South Dakota BOR #24-7067 Report a problem | ||
| 5/8/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 5/7/2021 | Listed for sale | $475,000+5.6%$252/sqft |
Source: Owner Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 2/11/2021 | Price change | $450,000-5.3%$238/sqft |
Source: Owner Report a problem | ||
| 11/17/2020 | Listed for sale | $475,000+14.1%$252/sqft |
Source: Owner Report a problem | ||
| 9/7/2018 | Listing removed | $416,134$220/sqft |
Source: Owner Report a problem | ||
| 6/9/2018 | Pending sale | $416,134$220/sqft |
Source: Owner Report a problem | ||
| 5/6/2018 | Price change | $416,134-5.2%$220/sqft |
Source: Owner Report a problem | ||
| 4/10/2018 | Listed for sale | $439,000$233/sqft |
Source: Owner Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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 | -- | $167,481 |
Find assessor info on the county website
Monthly payment
Est. payment$--/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: 57249
Nearby schools
GreatSchools rating
- 9/10Lake Preston Elementary - 02Grades: PK-5Distance: 5.1 mi
- 8/10Lake Preston Jr. High - 03Grades: 6-8Distance: 5.1 mi
- 8/10Lake Preston High School - 01Grades: 9-12Distance: 5.1 mi
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- South Dakota
- Kingsbury County
- Lake Preston
- 57249
- 2145 Twin Lakes Rd





