Amazing opportunity to own a double lot with 100 feet of lakeshore on Lake Minnewashta in Arnolds Park, Iowa! This 4-bedroom, 2-bathroom home features a walkout lower level and stunning views of the bike trail bridge, protected woods, and even Lower Gar Lake. The central location puts you just a short bike ride or golf cart ride from Arnolds Park Amusement Park and downtown Arnolds Park. The outdoor space is just as impressive, with beautiful landscaping and a huge paver patio—perfect for entertaining or relaxing by the lake. The property features a beautiful canopy of mature oak trees that provide plenty of shade without obstructing the incredible views. With 100 feet of lakeshore, a double lot, and convenient no-step access to the dock, there is also plenty of potential for future redevelopment, including the possibility of building a duplex. A rare combination of lakefront, location, privacy, and development potential!
Pending
$1,699,000
505 Oak St, Arnolds Park, IA 51331
4beds
2,816sqft
Single Family Residence
Built in 1971
0.29 Acres Lot
$-- Zestimate®
$603/sqft
$-- HOA
What's special
Beautiful landscapingWalkout lower level
- 20 days
- 689
- 14
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Michael Jensen PRIM:712-320-7245,
Jensen Real Estate
Source: Iowa Great Lakes BOR,MLS#: 261041
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air
Appliances
- Included: Electric Water Heater
Features
- Basement: Walkout
Interior area
- Total structure area: 2,816
- Total interior livable area: 2,816 sqft
- Finished area above ground: 2,816
- Finished area below ground: 1,408
Property
Parking
- Total spaces: 2
- Parking features: Attached
- Attached garage spaces: 2
Features
- Levels: Two
- Stories: 2
- On waterfront: Yes
- Waterfront features: Waterfront
- Body of water: Lake Minnewashta
- Frontage length: Waterfront Frontage: 100
Lot
- Size: 0.29 Acres
- Dimensions: 100 x 125
Details
- Parcel number: 0729403018
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Hardboard, Stick Built
Condition
- Year built: 1971
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas Connected
Community & HOA
Community
- Subdivision: IA
Location
- Region: Arnolds Park
Financial & listing details
- Price per square foot: $603/sqft
- Tax assessed value: $1,602,100
- Annual tax amount: $14,614
- Date on market: 8/21/2026
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/2/2026 | Pending sale | $1,699,000$603/sqft |
Source:  Iowa Great Lakes BOR #261041 Report a problem | ||
| 8/21/2026 | Listed for sale | $1,699,000$603/sqft |
Source: Iowa Great Lakes BOR #261041 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $13,068 -1.2% | $1,602,100 +21.8% |
| 2024 | $13,226 +30.2% | $1,315,700 |
| 2023 | $10,160 +6.2% | $1,315,700 +54.1% |
| 2022 | $9,564 +3.4% | $854,000 |
| 2021 | $9,250 | $854,000 |
| 2020 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 51331
Nearby schools
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.
Similar homes
- $1,695,0004 bd4 ba2.2k sqft24161 178th St, Okoboji, IA 51355For Sale
MLS ID #260963, Mickey Harrington, Okoboji Realty. Iowa Great Lakes BOR - $1,595,0003 bd2 ba2.1k sqft333 Highway 71 N #3D, Arnolds Park, IA 51331For Sale
MLS ID #231090, Michael Jensen, Jensen Real Estate. Iowa Great Lakes BOR - $1,595,0003 bd3 ba2.1k sqft333 Highway 71 N #3E, Arnolds Park, IA 51331For SaleMLS ID #231092, Michael Jensen, Jensen Real Estate. Iowa Great Lakes BOR
- $1,595,0003 bd2 ba1.8k sqft333 Highway 71 N #3C, Arnolds Park, IA 51331For Sale
MLS ID #231087, Michael Jensen, Jensen Real Estate. Iowa Great Lakes BOR
