Walk through the front door and immediately take in the spectacular view of the Shell Rock River! This is the riverfront property you’ve been waiting for—with the extensive remodel already completed for you! Nestled on over an acre in town on a quiet dead-end street, this home offers the best of both worlds: peaceful small-town living, riverfront views, privacy, and the convenience of the Waverly-Shell Rock School District, city water/sewer, and easy access to major highways. The home sits high and dry along the river, with the opportunity to add your own boat dock. Inside, modern updates beautifully blend with original brick and stone accents, creating a home that is both stylish and full of character. The expansive great room features a wall of windows showcasing the river view, while luxury Maple Hardwood flooring flows throughout the main level. The kitchen is truly a chef’s dream, featuring an expansive island, top-of-the-line appliances, a spectacular refrigerator, microwave drawer, and wine fridge. Gather with family and friends while enjoying the view—it’s the perfect space for everyday living and entertaining. The luxurious primary suite offers a walk-in closet and spa-like ensuite with a large soaking tub, walk-in shower, and double sinks. Three additional bedrooms are located on the main level, one as a versatile bonus room perfect for an office, playroom, hobby room, or potentially a 4th bedroom. A convenient laundry closet with tub sink is located near the bedrooms. The finished basement adds even more living space with natural light and a ¾ bath, plus potential for a 5th bedroom. A spacious back entry mudroom provides a large tub sink and ample storage. Outdoor living is just as impressive. A flagstone patio wraps around the west side of the home to the rear, creating the perfect setting for entertaining, relaxing, or enjoying peaceful evenings overlooking the river. One guest bedroom even features a sliding door for direct exterior access. A newly installed retaining wall adds to the appeal. And for those who appreciate the warmth and charm of a fireplace, this home offers TWO wood-burning fireplaces! Why build new when the work is already done? Enjoy the character of an established home with the modern updates you want—without the cost, inconvenience, and waiting that comes with building. All of this, under $500,000, with a peaceful riverfront view that is simply hard to beat. Come see it for yourself—the view from the front door says it all! Square footages are approximate.
For sale
Price cut: $12.9K (9/19)
$487,000
406 W Water St, Shell Rock, IA 50670
4beds
3,456sqft
Single Family Residence
Built in 1950
1.04 Acres Lot
$474,100 Zestimate®
$141/sqft
$-- HOA
What's special
Two wood-burning fireplacesQuiet dead-end streetWalk-in closetRiverfront viewsRiverfront propertySpectacular refrigeratorWine fridge
- 31 days
- 1,625
- 63
Zillow last checked:
Listing updated:
Listed by:
Kara Bartels 319-939-1611,
RE/MAX Alliance
Source: Northeast Iowa Regional BOR as distributed by MLS GRID,MLS#: 20264175
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 1
- 3/4 bathrooms: 2
Other
- Level: Upper
Other
- Level: Main
Other
- Level: Lower
Heating
- Heat Pump, Radiant Floor
Cooling
- Central Air
Appliances
- Included: Dishwasher, Microwave, Free-Standing Range, Refrigerator
Features
- Basement: Partially Finished
- Has fireplace: Yes
- Fireplace features: Wood Burning
Interior area
- Total interior livable area: 3,456 sqft
- Finished area below ground: 1,000
Property
Parking
- Total spaces: 2
- Parking features: Detached Garage, Oversized
- Carport spaces: 2
Features
- Patio & porch: Patio
- Exterior features: Fishing
- On waterfront: Yes
- Waterfront features: Waterfront
Lot
- Size: 1.04 Acres
- Dimensions: 257x120
Details
- Parcel number: 1211126007
- Zoning: R-1
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Combination
- Roof: Asphalt
Condition
- Year built: 1950
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Shell Rock
Financial & listing details
- Price per square foot: $141/sqft
- Tax assessed value: $296,010
- Annual tax amount: $3,288
- Date on market: 9/1/2026
- Cumulative days on market: 32 days
- Road surface type: Mixed
Estimated market value
$474,100
$450,000 - $498,000
$2,195/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/19/2026 | Price change | $487,000-2.6%$141/sqft |
Source: | ||
| 9/1/2026 | Listed for sale | $499,900$145/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,000 +1.9% | $193,130 -33.5% |
| 2024 | $4,908 +2.3% | $290,380 |
| 2023 | $4,796 +5.1% | $290,380 +15.4% |
| 2022 | $4,562 +5.5% | $251,550 |
| 2021 | $4,326 -1.5% | $251,550 +10% |
| 2020 | $4,394 +7.7% | $228,780 |
| 2019 | $4,080 +1.8% | $228,780 +8.1% |
| 2018 | $4,008 | $211,710 |
| 2017 | $4,008 +2.4% | $211,710 +10.2% |
| 2016 | $3,914 -1.7% | $192,200 |
| 2015 | $3,980 +0.5% | $192,200 |
| 2014 | $3,962 | $192,200 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 50670
Nearby schools
Schools provided by the listing agent
- Elementary: Waverly/Shell Rock
- Middle: Waverly/Shell Rock
- High: Waverly/Shell Rock
Source: Northeast Iowa Regional BOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.




