Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Waterfront Lot with Sunset Views Title is generated by Realmo AI

    1993 Southshore Drive, Ellston, IA 50074

    View on Map
    Claim this Listing
    New
    For Sale
    $369,000

    LAND - Other - Ellston, IA

    Lot size:
    0.38 Acres
    Added:
    May 7, 2026
    Days on Market:
    3
    Last Refresh:
    May 9 at 9:06 am

    Property Features for 1993 Southshore Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    SS064910
    Lot size
    0.38 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    LOT 1993 SOUTHSHORE WOODLAND SUBDIVISION
    Tax Annual Amount
    2284

    Utilities

    Water front features
    Lake, Lake Front
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jessica Brown
    Jessica Brown

    Listing agent Jessica Brown

    Listing office Arrowhead Realty Company LLC 600 S Fremont St Ste 1A, Shenandoah, IA

    Listing date May 7, 2026

    MLS# 6338088 Listing URL

    Copyright © 2026 NoCoast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 90' of shoreline on Sun Valley Lake
    • West‑facing lot with breathtaking sunset views
    • Gently sloping lot ideal for building with panoramic water views
    • Direct lake access for boating, fishing, and swimming
    • Located in a quiet and peaceful area of the lake
    • Premium waterfront lot offering privacy and tranquility

    Overview

    This 0.376-acre waterfront lot at Sun Valley Lake offers 90' of shoreline. The west-facing property provides sunset views and open lake scenery from a quiet area. The gently sloping lot is suitable for building a lake retreat while maximizing water views. Direct lake access is available for boating, fishing, swimming, and relaxation. The property is surrounded by homes and located in a serene setting, offering privacy and tranquility. This lot is suitable for a full-time residence or a weekend getaway. It offers western exposure, peaceful surroundings, and sunset views.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Restaurant Pharmacy Department Store Kitchen & Bath Showroom Grocery & Convenience Store Bar & Pub Plumbing Service Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ellston
    County
    Ringgold
    State
    Iowa
    Longitude
    -94.0684
    Latitude
    40.8146

    Nearby Similar for Sale

    • $489,000

      Sun Valley Lake Waterfront Land

      Rare waterfront lot on Sun Valley Lake with multiple docks.
      314 Bee Tree Lane, Ellston, IA 50074
      View Details
    • $18,000

      Sun Valley Lake Land Opportunity

      Off-water lot in a desirable private lake community.
      1116 Crestview Drive Unit 2, Ellston, IA 50074
      View Details
    • $478,500

      Lakefront Lot on Sun Valley

      Lakefront lot with 124 feet of shoreline.
      1276 Bee Tree Lane, Ellston, IA 50074
      View Details
    • $18,000

      Off-Water Lot at Sun Valley

      0.23-acre lot ready for your future lake home.
      84 HILLCREST Drive, Ellston, IA 50074
      View Details
    • $18,000

      Sun Valley Lake Off-Water Lot

      0.23-acre lot in Sun Valley Lake community.
      85 Westview, Ellston, IA 50074
      View Details
    • $298,500

      Ellston Building Lot with Lake Views

      Off-water lot with expansive lake views, perfect for custom build.
      310 Bee Tree Lane, Ellston, IA 50074
      View Details
    • $55,000

      Buildable Lot Near Sun Valley

      Over half acre lot near Sun Valley Lake.
      S Ridge Park Subdivision lot: 679 And 680, Ellston, IA 50074
      View Details
    • $29,000

      Off-Lake Lot with Lake Views

      0.344-acre lot with lake views, mature trees, build-ready.
      TBD Forest Dr, Ellston, IA 50074
      View Details
    • $18,000

      Land in Sun Valley Lake

      Off-water lot in a private lake community.
      1116 Frontier Roads, Ellston, IA 50074
      View Details
    • $26,900

      Ellston, Iowa Land For Sale

      0.628-acre lot with lake views, ideal for building.
      1137 Crestview Drive, Ellston, IA 50074
      View Details
    • $35,000

      Lake View Building Lot

      Corner lot near amenities at Sun Valley Lake.
      00191 Homestead Lane, Ellston, IA 50074
      View Details
    • $175,000

      Lakefront Property in Ellston, Iowa

      Cleared lakefront lot near docking area on Sun Valley Lake.
      641 South Ridge Park Sub., Ellston, IA 50074
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Exceptional waterfront lot for dream lake home with sunset views.
    Where is this waterfront land located?
    The property is located at 1993 Southshore Drive Ellston, IA.
    What is the asking price?
    The asking price for this property is $369,000.
    What are key features of this property?
    This property features: 90' of shoreline on Sun Valley Lake; **West‑facing lot with breathtaking sunset views**; Gently sloping lot ideal for building with panoramic water views
    (515) 305-1200
    We can help!
    Listing Contact
    Jessica Brown
    Jessica Brown
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1993 Southshore Drive, Ellston, IA 50074
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!