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Waterfront Duplex with Walk-Out Lower Level
For Sale
$1,990,000

16822 255th Street, Spirit Lake, IA 51360

RESIDENTIAL, Spirit Lake, IA

Property Size3,848 SF
Price / SF$517.15
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 5, Bathroom 5, Bedroom 4, Basement, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 1, Bathroom 2
Patio and Porch features Deck
Interior features Kitchen Center Island
Exterior features Deck, Dock
Basement Concrete, Full
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 (North 1/2 of 07-15-202-035)
Size 3,848 SF

Taxes and HOA fees

Tax Year 2024
Tax Description (North 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 (North 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

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# 260474

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 contemporary duplex is under construction with 3,848 square feet arranged across multiple levels. The main floor features an open gathering area and kitchen with a center island, while the upper level adds bedrooms and a large bunk room. A walk-out lower level provides another living space and kitchen with direct access to the waterfront.

The property includes 57 feet of lakeshore, along with a deck and dock for outdoor use. Interior features include two laundry stations, forced-air heating, central air, and a full appliance package. Public water and public sewer serve the property, and the home is planned for completion in 2026.

Key Highlights

  • 3,848‑square‑foot contemporary duplex under construction
  • 57 feet of lakeshore with deck and dock
  • Walk‑out lower level includes living area and kitchen

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 under construction with lake access, dual kitchens, 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: 3,848‑square‑foot contemporary duplex under construction; 57 feet of lakeshore with deck and dock; Walk‑out lower level includes living area and kitchen
More about this property
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