$549,900
$30K PRICE DROP

118 N Lake Dr Watertown, SD 57201

Estimated payment $3,319/month

Total Views 20,023
3 Beds
2 Baths
1,672 Sq Ft
$329 Price per Sq Ft

Highlights

  • Waterfront
  • 3 Car Detached Garage
  • Carpet
  • No HOA
  • Forced Air Heating and Cooling System
  • 3-minute walk to Stokes Thomas Lake City Park

About This Home

Here is your chance for a GREAT place on Lake Kampeska. The current owners have meticulously maintained and improved this property over the years.
The home is 3 bedroom and two baths. There is updated flooring and paint. The home is in 'move-in' condition. There are two living areas on the main floor as well as a lake side owners suite with walk-in closet. Lake side features a composite deck to relax and enjoy the lake.
The owners put in a seawall (2012) that protects the property and gives the home a finished look from the lake side.
There is 4 stalls of garage and yard has an nice amount of depth.
The house was raised in 2001 to avoid any future flooding.

Listing Agent

Andy Mahowald

INSIGHT REALTY GROUP Listed on: 07/26/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,983

Year Built

  • Built in 1955

Lot Details

  • 10,019 Sq Ft Lot
  • Waterfront

Parking

  • 3 Car Detached Garage

Home Design

  • Block Foundation
  • Asphalt Roof
  • Masonite

Interior Spaces

  • 1,672 Sq Ft Home
  • 1-Story Property
  • Sheet Rock Walls or Ceilings
  • Electric Fireplace

Kitchen

  • Stove
  • Microwave

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Schools

  • Watertown Elementary School
  • Watertown High School

Utilities

  • Forced Air Heating and Cooling System
  • Gas Available
  • Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 11501

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,983

Year Built

Built in 1955

Lot Details

0

Parking

3

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.23
  • Lot Size: 72.8 lake frontage x 143
  • Unit Levels: One
  • Year Built: 1955
  • General Property Description:Style2: Ranch
  • General Property Description:Levels2: One
  • General Property Description:Above Grade Sq Ft: 1672.0
  • General Property Description:Waterfront YN: Yes
  • General Property Description:Monitoring System2: No
  • Utilities Heat 1: Forced Air
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • General Property Description:Stories2: 1.0
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Refrigerator, Microwave, Stove
  • Has Basement: None
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Carpet, Laminate
  • Stories: 1
  • General Property Description:Basement: None
  • Floor:Carpet: Yes
  • Appliances:Stove: Yes
  • Floor:Laminate: Yes

Exterior Features

  • Roof: Asphalt
  • Roof:Asphalt: Yes
  • Wall:Sheet Rock: Yes
  • Siding:Masonite: Yes
  • Foundation Details Block: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 3.0
  • General Property Description:Garage Type2: Detached
  • General Property Description:_pound_ Garage Stalls: 3.0

Utilities

  • Utilities: Sewer Connected
  • Water Source: Water
  • Utilities:Air: Central
  • Utilities:Water2: Public
  • Utilities:Fuel: Gas
  • Utilities:Water Heater Type: Gas
  • Utilities:Sewer3: Yes
  • Utilities:Fireplace: Electric

Condo/Co-op/Association

  • Association: No
  • General Property Description:Homeowner_squote_s Association: No

Schools

  • Elementary School: Watertown
  • High School: Watertown
  • General Property Description:Elementary School: Watertown
  • General Property Description:High School: Watertown

Lot Info

  • Lot Size Sq Ft: 10018.8
  • Parcel #: 11501
  • General Property Description:Lot Size2: 72.8 lake frontage x 143
  • General Property Description:Acres2: 0.23

Tax Info

  • Tax Annual Amount: 4982.82
  • Tax Year: 2025
  • Location Tax and Other Information:Tax Year2: 2025

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,983 $467,732 $269,726 $198,006
2024 $4,434 $467,732 $269,726 $198,006
2023 $4,032 $389,777 $224,772 $165,005
2022 $3,831 $331,503 $166,498 $165,005
2021 $3,587 $301,929 $144,781 $157,148
2020 $3,324 $277,126 $131,619 $145,507
2019 $3,228 $255,287 $123,008 $132,279
2018 $3,186 $246,633 $123,008 $123,625
2017 $3,050 $246,633 $123,008 $123,625
2016 $3,256 $226,553 $117,150 $109,403
2015 $3,351 $226,553 $117,150 $109,403
2014 -- $226,553 $117,150 $109,403
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2025 09/15/25 Price Changed $549,900 -5.2% $329 / Sq Ft
07/26/2025 07/26/25 For Sale $579,900 -- $347 / Sq Ft
Source: Northeast South Dakota Association of REALTORS®

Source: Northeast South Dakota Association of REALTORS®

MLS Number: 20-8372

APN: 011501

South Dakota Codington County Watertown 57201

118 N Lake Dr, Watertown, SD

This home is located at 118 N Lake Dr, Watertown, SD 57201 and is currently priced at $549,900, approximately $328 per square foot. This property was built in 1955. 118 N Lake Dr is a home with nearby schools including Watertown High School, Watertown Christian School, and St. Martin's Lutheran School.

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Andy Mahowald
Listing Agent
Andy Mahowald
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INSIGHT REALTY GROUP
(605) 679-4061