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Under contract
  • $217,000

    Greg South Dr, Lake Preston, SD 57249

    0beds
    0baths
    1.28Acres
    Unimproved Land
    Built in ----
    1.28 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Located in Kingsbury County, South Dakota, this 1.28-acre lake lot presents a rare opportunity to own waterfront property connected to one of the region's most recognized fisheries, Lake Thompson. Positioned on Schaeffer's Slough along the northeast corner of the lake, this parcel offers direct access to a calm backwater environment while still benefiting from proximity to the expansive waters and recreational opportunities that Lake Thompson is known for. The property is also directly adjacent to South Dakota Game, Fish & Parks land in the Lake Thompson Northeast area, offering added privacy, protected surroundings, and convenient access to publicly managed habitat ideal for outdoor recreation and wildlife enjoyment. The property features a relatively level approach to the water, making it well-suited for a variety of uses, including a future build site, seasonal camping setup, or a basecamp for fishing and outdoor recreation. The manageable 1.28-acre size provides enough room for development while remaining easy to maintain. The terrain offers flexibility for positioning a cabin, camper, or storage building while maximizing lake views and access. Schaeffer's Slough provides a more protected setting compared to the main body of Lake Thompson, offering calmer water conditions that are ideal for kayaking, canoeing, and shoreline fishing. The connection to Lake Thompson expands your recreational reach, giving you access to excellent fishing opportunities for species commonly found in the area, such as walleye, perch, and northern pike. This combination of quiet slough frontage and access to a larger lake system creates a highly desirable setup for outdoor enthusiasts. The surrounding area is well known for its natural beauty and recreational opportunities. Kingsbury County offers a mix of prairie landscapes, wetlands, and agricultural ground that attract a variety of wildlife. Waterfowl hunting opportunities are abundant in the region, and the nearby lake and slough system provide excellent habitat for migratory birds. This property also offers potential as a weekend retreat for those looking to enjoy boating, fishing, or simply relaxing near the water. Access to the property is convenient, and its location in eastern South Dakota places it within reasonable driving distance of several nearby communities for supplies, dining, and services. Whether you are looking to invest in a recreational getaway, a future lake home site, or a simple place to enjoy the outdoors, this lot offers strong potential in a sought-after lake area. This is a great opportunity to secure a lake-connected parcel with level water access in a region known for its outdoor recreation and natural resources. Properties with direct access to Schaeffer's Slough and proximity to Lake Thompson are limited, making this a valuable option for buyers seeking both privacy and access to one of South Dakota's top fishing destinations.
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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#: 11729104

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 0
      • Bathrooms: 0
      Features
      • Has basement: No
      • Has fireplace: No
      Interior area
      • Total structure area: 0
      • Finished area above ground: 0
      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: Schaffer's Slough
      Lot
      • Size: 1.28 Acres
      Details
      • Parcel number: 8457
      • Lease amount: $0

      Community & HOA

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

      Financial & listing details

      • Annual tax amount: $2,488
      • Date on market: 4/23/2026
      • Date available: 04/23/2026
      • Listing agreement: Exclusive

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        6/30/2026Contingent$217,000
        Source: My State MLS #11729104 Report a problem
        4/23/2026Listed for sale$217,000
        Source: My State MLS #11729104 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Estimated monthly payment$1,822
        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

        Getting around

        0 / 100
        Car-Dependent
        26 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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