556 N LAKE DRIVE, Watertown, SD 57201
Codington County
Key Facts
Description
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.
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Style
Ranch
Year Built
1970
Living Area
2,528 sq ft
Lot Size
0.35 acres
Lot Dimensions
90 X 167.31
Garage Spaces
2
MLS® Listing#
32-2326
Property Features
- Appliances:
- Dishwasher, Refrigerator, Dryer, Washer, Microwave
- Flooring:
- Carpet, Laminate
- Basement:
- Partial
- Roof:
- Asphalt
- Utilities:
- Sewer Connected
HOA & Tax
- HOA:
- None
- Annual Tax:
- $5,844 (2026)
- Parcel #:
- 8184
Affordability Calculator
$120,000
Estimated monthly payment
$3,193/mo
Principal $480,000 · Est. interest $669,643 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Watertown, SD
- $410,714
- Median Listing Price
- 65
- Median Days on Market
- 2,250
- Median Sq Ft
- $168
- Median Price / Sq Ft
- 107
- Active Listings
- This home’s price is 46% above the area median.
- Its price per sq ft is 41% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Watertown, SD.
Location
- 556 N LAKE DRIVE, Watertown, SD 57201
Nearby Schools
Lake Area Technical Institute
School · 3.0 mi away
McKinley Elementary School
Elementary · 5.0 mi away
Jefferson Elementary School
Elementary · 5.4 mi away
Watertown Christian School
School · 5.5 mi away
Mellette Elementary School
Elementary · 5.5 mi away
St. Martin's Lutheran Church
School · 5.6 mi away
Great Plains Lutheran High School
Secondary · 5.8 mi away
Jack & Jill Pre-School
School · 5.9 mi away
Grace Lutheran Church
Elementary · 6.1 mi away
Immaculate Conception School
School · 6.1 mi away
WMS Arrows
Elementary · 6.2 mi away
Watertown Middle School
School · 6.4 mi away
Watertown Intermediate School
Secondary · 6.4 mi away
Lincoln Elementary School
Elementary · 6.5 mi away
Watertown High School
Secondary · 6.6 mi away
Northeast Technical High School
Secondary · 6.7 mi away
Garfield Elementary 03
Elementary · 6.7 mi away
Trinity Lutheran Church
School · 7.3 mi away
Florence School District 14-1
Secondary · 9.3 mi away
Henry School District
Secondary · 12.6 mi away
Commute Calculator
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Moving Cost Estimate
EXIT Agents in Watertown
Listing Courtesy: EXIT REALTY CONNECTION - 6057533948
Last Updated: 2026-06-06