$739,000

2145 Twin Lakes RdLake Preston, SD 57249

Homes, condos and townhomes · MLS 11729060 · Listed 189 days ago (Apr 23, 2026)

Lake Thompson · Lake or reservoir · Direct parcel frontage · Waterfront details

For sale: Listed and available according to the MyStateMLS feed.

About this property

Located on the highly sought-after shores of Lake Thompson, this custom-built lakefront home offers a rare opportunity to own premium waterfront property with exceptional access, views, and functional improvements. Featuring 100 feet of level, sandy shoreline, this property provides easy entry to the water and an ideal setup for boating, fishing, and lakeside recreation. The home is thoughtfully designed to maximize its southern exposure, with two stories of expansive windows facing the lake. Natural light fills the interior while offering panoramic views of the water throughout the day. The open living space is anchored by a floor-to-ceiling gas fireplace, creating a comfortable and functional gathering area for year-round enjoyment. The layout includes three bedrooms and two and a half bathrooms, with a main floor primary bedroom that offers convenience and privacy. The design supports both full-time living and seasonal use, with practical features such as a crawl space for additional storage and efficient mechanical access. Outdoor living is a key highlight, with a lake-facing deck that provides an excellent space for relaxing, entertaining, or enjoying sunrise and sunset views over the water. The level lot allows for easy movement between the home and shoreline, enhancing the overall usability of the property. In addition to the home, the property includes an oversized, finished three-car garage that provides ample space for vehicles, lake equipment, and tools. An RV hookup adds flexibility for guests or additional recreational use. A detached single-stall garage offers further storage options. One of the standout features is the 30-foot by 48-foot finished Cleary building, ideal for storing boats, campers, or recreational vehicles. This structure significantly increases the property's functionality and appeal for outdoor enthusiasts and those needing additional workspace or storage capacity. Lake Thompson is well known for its fishing, boating, and year-round recreational opportunities, making this property a strong fit for buyers seeking both relaxation and outdoor activity. Whether used as a primary residence or a seasonal getaway, this lakefront home delivers a combination of location, design, and improvements that are difficult to find in one package.

Description provided by the listing brokerage.

Facts

List price

$739,000

Status

For sale

Property type

House

Bedrooms

3

Full baths

2

Half baths

1

Interior area

1,888 sq ft

Lot size

0.86 acres

Year built

2007

County

Kingsbury County

MLS number

11729060

Annual property tax

$4,685

Facts are reported by the listing brokerage. Items not listed were not provided; that does not mean the property lacks them.

Features

Virtual tours

Location

The pin is the listing's reported coordinates and may be approximate. It is not a parcel boundary or shoreline, and no flood, wetland or hazard conclusion should be drawn from it. See more listings in Lake Preston.

Price and status history

Changes observed by Waterfront Homes in MyStateMLS data since Oct 29, 2026. This is not a public-record sales history; MyStateMLS does not publish sold prices.

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Questions to ask before you buy

Questions worth investigating for any waterfront property. They are not claims that this property has a problem or meets any condition.

1. Who owns the shoreline and the land under the water, and are there easements or public-access rights along it?Ownership can stop at a high-water line, a survey line or a seawall. A title search and survey answer this, not the listing.
2. Is a dock, slip, lift or mooring included, and do the rights transfer to you?Docks can be shared, leased, assigned by an association or held under a permit that does not automatically transfer.
3. What permits exist for the dock, seawall or other shoreline structures, and what would new work require?Shoreline work is often regulated by local, state and federal agencies.
4. How much does the water level change by season, by tide or by reservoir management?Depth at a dock in one season can differ a lot in another.
5. What does flood insurance cost for this property, and what does the current flood map show?Get a quote from an insurer or agent. A flood zone is not a premium, and no zone does not mean no risk.
6. What maintenance does the shoreline need (seawall, bulkhead, riprap, erosion), and what has been done recently?Shoreline structures are expensive to repair; ask for records and inspection reports.
7. How are water, sewer or septic, and power provided?Waterfront septic systems and wells can have extra rules and inspections.
8. How do you reach the property by road year-round, and who maintains that road?Some waterfront roads are private, seasonal or shared.
9. What local rules apply: rentals, docks, boat lifts, fences, tree removal, setbacks?Rules come from the town, county, state, lake authority or association and vary widely.

Printable due-diligence checklist · Ownership budget planner · FEMA Flood Map Service Center (official flood maps; look up the address yourself)

Guides and next steps

• Waterfront homes in South Dakota
• More lake or reservoir listings in South Dakota
• What counts as waterfront

Listing courtesy of Whitetail Properties Real Estate, LLC. Listing agent: Katie Graeb. Listings provided by MyStateMLS.

Listing last updated by the brokerage Sep 11, 2026, 3:41 PM UTC. Waterfront Homes last received MyStateMLS data Oct 29, 2026, 8:31 PM UTC. Information is deemed reliable but not guaranteed; verify all details with the listing agent.