$649,900
$15K PRICE DROP

556 N Lake Dr Watertown, SD 57201

Estimated payment $3,998/month

Total Views 17,303
3 Beds
2 Baths
2,528 Sq Ft
$257 Price per Sq Ft

Highlights

  • Waterfront
  • No HOA
  • Wood Burning Fireplace
  • Ranch Style House
  • Forced Air Heating and Cooling System
  • Carpet

About This Home

Enjoy lake living with this 3-bedroom, 2-bath home offering 90 feet of shoreline and endless potential. The home features a large, open living room filled with natural light and scenic lake views, creating a welcoming space for everyday living or entertaining. Appliances are included, and a kitchenette in the basement adds flexibility for guests, extended living, or recreation space. Major mechanical updates provide peace of mind, with the furnace, air conditioner, and water heater all less than 10 years old. Outside, you'll appreciate the detached double-stall garage plus an additional shed with an overhead door—perfect for lake toys, tools, or extra storage. Best of all, the property is located out of the flood zone. With solid bones and opportunity for updates, this property is ideal for buyers looking to build equity while enjoying the lake life either as a year-round residence or a getaway retreat.

Listing Agent

Noel Solum

EXIT REALTY CONNECTION License #16402 Listed on: 01/14/2026

EXIT REALTY CONNECTION

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,687

Year Built

  • Built in 1967

Lot Details

  • 15,246 Sq Ft Lot
  • Lot Dimensions are 90 x 167.31
  • Waterfront

Home Design

  • Ranch Style House
  • Asphalt Roof

Interior Spaces

  • 2,528 Sq Ft Home
  • Wood Burning Fireplace
  • Partial Basement
  • Microwave

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Schools

  • Select One Elementary School

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 8184

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,687

Year Built

Built in 1967

Lot Details

0.35 Acres

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.35
  • Lot Size: 90 X 167.31
  • Unit Levels: One
  • Year Built: 1967
  • General Property Description:Style2: Ranch
  • General Property Description:Levels2: One
  • General Property Description:Above Grade Sq Ft: 1704.0
  • General Property Description:Waterfront YN: Yes
  • Utilities Heat 1: Forced Air
  • Special Features: None

Interior Features

  • Appliances: Range, Microwave
  • Has Basement: Partial
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Laminate
  • General Property Description:Basement: Partial

Exterior Features

  • Roof: Asphalt

Garage/Parking

  • Attached Garage: No

Utilities

  • Utilities: Sewer Connected
  • Utilities:Air: Central
  • Utilities:Water2: Public
  • Utilities:Water Heater Type: Electric
  • Utilities:Fireplace: Wood
  • Utilities: Sewer

Condo/Co-op/Association

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

Schools

  • Elementary School: Select One

Lot Info

  • Lot Size Sq Ft: 15246.0
  • Parcel #: 8184

Tax Info

  • Tax Annual Amount: 5687.4
  • Tax Year: 2025

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 $5,844 $533,868 $320,344 $213,524
2024 $5,061 $533,868 $320,344 $213,524
2023 $4,569 $444,890 $266,953 $177,937
2022 $4,332 $375,680 $197,743 $177,937
2021 $4,054 $341,414 $171,950 $169,464
2020 $3,759 $313,229 $156,318 $156,911
2019 $3,657 $288,738 $146,092 $142,646
2018 $3,609 $279,406 $146,092 $133,314
2017 $3,461 $279,406 $146,092 $133,314
2016 $3,487 $257,112 $139,135 $117,977
2015 $3,589 $242,624 $139,135 $103,489
2014 -- $242,624 $139,135 $103,489
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/12/2026 05/12/26 Price Changed $649,900 -1.5% $257 / Sq Ft
04/20/2026 04/20/26 Price Changed $659,900 -0.8% $261 / Sq Ft
01/14/2026 01/14/26 For Sale $664,900 +118.0% $263 / Sq Ft
08/31/2018 08/31/18 Sold $305,000 -10.3% $121 / Sq Ft View Prior Sale
07/12/2018 07/12/18 Pending -- -- --
04/24/2018 04/24/18 For Sale $340,000 -- $134 / Sq Ft
Source: Northeast South Dakota Association of REALTORS®

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Grant Deed $305,000 --
Source: Public Records

Source: Northeast South Dakota Association of REALTORS®

MLS Number: 32-2299

APN: 008184

South Dakota Codington County Watertown 57201

556 N Lake Dr, Watertown, SD

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