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New Construction Waterfront Duplex
For Sale
$1,990,000

16822 255th Street, Spirit Lake, IA 51360

RESIDENTIAL, Spirit Lake, IA

Property Size3,834 SF
Price / SF$519.04
Days on Market107

Property Features for 16822 255th Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Property condition Under Construction
Bedrooms 5
Bathrooms 5
Full bathrooms 3
Half bathrooms 1
Rooms Bedroom 4, Bedroom 1, Bedroom 5, Bathroom 3, Bedroom 2, Basement, Bathroom 5, Bathroom 1, Bathroom 2, Bathroom 4, Bedroom 3
Patio and Porch features Deck
Interior features Kitchen Center Island
Exterior features Deck, Dock
Basement Full, Concrete
Appliances Dishwasher, Disposal, Dryer, Microwave, Range/Stove, Refrigerator, Washer
Lot features Lake View
Elementary school district Spirit Lake
Middle school district Spirit Lake
High school district Spirit Lake
Directions In Francis Sites near Hafer's Point.
Subdivision Dickinson
Standard status Active
APN TBD (South 1/2 of 07-15-202-035)
Size 3,834 SF

Taxes and HOA fees

Tax Year 2024
Tax Description (South Unit on) LOT 13, 4' VACATED WALKWAY BETWEEN LOTS 13 & 15 AND LOT 15 EXC. 20' X 20' TRT AND COMMON GROUND HAFERS POINT, PLAT OF FRANCIS SITES, DCI. (Exact legal per Abstract.)
Legal Description (South Unit on) LOT 13, 4' VACATED WALKWAY BETWEEN LOTS 13 & 15 AND LOT 15 EXC. 20' X 20' TRT AND COMMON GROUND HAFERS POINT, PLAT OF FRANCIS SITES, DCI. (Exact legal per Abstract.)

Utilities

Sewer type Public Sewer
Heating system Forced Air
Cooling system Central Air
Water source Public
Water front 1

Amenities

on-demand hot water
two laundry stations

Building Details

Year built 2026
Floors in Building 2
Building materials Wood Siding
Roof type Asphalt
Architectural style Contemporary
Listing Agency: Stauss Realty
Listed By: Kirk Stauss · License #B38506
Added: May 15 Changed: Aug 28 Last Checked: Aug 29 at 6:06AM
MLS# 260475

Copyright © 2026 Iowa Great Lakes Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 3,834-square-foot contemporary duplex is under construction and planned for completion in 2026. The layout includes five bedrooms, five bathrooms, an open main-level living area, additional upper-level sleeping space, and a walk-out lower level with a second kitchen and living area. A kitchen island, forced-air heating, central air, public water, and public sewer are included.

Outdoor features include a deck, dock, and 57' of lakeshore. The property is located at 16822 255th Street in Spirit Lake, Iowa, with direct access from the lower level to the water. Appliances include a range/stove, refrigerator, dishwasher, disposal, microwave, washer, and dryer. Two laundry stations and on-demand hot water add functional convenience to the design.

Key Highlights

  • 3,834 square feet with five bedrooms and five bathrooms
  • Under construction with a 2026 year built
  • 57' of lakeshore with deck and dock

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Auto Repair Shop Furniture & Home Goods Pet Store & Service Law Firm Big Box & Wholesale Store Food Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

9
Businesses Nearby

Demographics for 51360, IA

8,553
Population
6,638
Households
1.3
Avg Household Size
49
Median Age
35%
College-Educated
97%
High-School Grad
105.2 sq mi
ZIP Area
81
Density / Sq Mi
$77,464
Median Household Income
$41,043
Median Earnings
$1,005
Median Rent
$256,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Contemporary duplex with a walk-out lower level, second kitchen, lake access, and two laundry stations.
Where is this duplex located?
The property is located at 16822 255th Street Spirit Lake, IA.
What is the asking price?
The asking price for this property is $1,990,000.
What are key features of this property?
This property features: 3,834 square feet with five bedrooms and five bathrooms; Under construction with a 2026 year built; 57' of lakeshore with deck and dock
More about this property
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