USLakeFront Lake survey & intelligence

$245,000

2609 Anchor Bay Rd, Pierre, SD 22121

Sample listing
2
Bedrooms
2
Bathrooms
3,300
Square feet
60 ft
Shoreline
$4,083
Per shoreline ft

Sunset-facing lot, dock permit in hand on Lake Oahe. Roughly 60 feet of owned shoreline on 1.73 acres, with 2 bedrooms across 3,300 square feet. No dock. Water clarity on Lake Oahe averages around 10 feet and the lake is classified volatile for water level. Dock and shoreline work fall under USACE Omaha District. This is a sample listing used to demonstrate the platform.

Features

Screened porchVaulted ceilingsTwo-slip dockNew seawallOpen floor planFire pit

Property facts

Property typeHouse Year built1958 Lot size1.73 acres DockNo dock Water depth at dock12 ft ExposureEast-facing ViewSunrise Annual taxes$3,689 HOA$45/mo Short-term rentalPermitted Listed2026-08-05
$2,788
All-in monthly
$58,130
Cash to close
$12,880
Costs beyond the obvious

Up front

Down payment$49,000
Closing costs (est. 2.4%)$5,880
Septic inspection & pump$850
Water quality testing$400
Waterfront home inspection$800
Survey (shoreline frontage)$1,200
Total$58,130

Every year

Principal & interest$15,490
Property taxes$3,689
Hazard insurance$1,400
Flood insurance$2,400
HOA / POA dues$540
Utilities$4,455
Maintenance reserve (1.1%)$2,695
Septic service$520
Well & water testing$260
Dock maintenance$900
Winterization / seasonal close$750
Shoreline / seawall reserve$360
Total$33,459
Adjust these assumptions →
$4,083
This home / shoreline ft
$6,019
Lake average
$74
Per square foot
Well below the lake average — this property prices at $4,083 per shoreline foot against a lake average near $6,019, a difference of -32%. Shoreline frontage is the metric that drives waterfront value, and it is almost never published.
Open the analyzer →
Modeled from the lake's estimated nightly rate and occupancy. Confirm local short-term rental rules before you rely on this.
Booked nights / year176 Gross revenue$114,064 Lodging tax−$12,547 Management−$20,303 Cleaning & supplies−$24,621 Net operating income$56,592 Against annual carry$23,133
Model your own →
5.6
Lake score
D
Water grade
25 ft
Drawdown
Level stabilityVolatile Typical clarity10 ft Dock authorityUSACE Omaha District
Full Lake Oahe report →
Comparable

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