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507 Mill Pond Rd, Rock Rapids, IA, 51246

5beds
3baths
2,772sqft
$597,500
$216price/sqft
$4,162/moest. monthly cost
$166,480/yrincome needed

About This Home

Home with River Views & Modern Comforts! Gorgeous two-story home in a growing neighborhood with a beautiful river view out front! Thoughtfully designed with 5 bedrooms, 3 baths, and main-floor laundry, this home blends modern style with everyday convenience. Step through the contemporary front door into a bright and airy entryway featuring 9-foot ceilings. The open living space welcomes you with a show-stopping electric fireplace surrounded by custom detailing, a sliding door to the backyard, and a gorgeous kitchen with granite countertops, an oversized quartz island, a walk-in pantry, and custom cabinetry. Appliances included! The main-floor primary suite is a retreat, offering a spa-like ensuite with a soaker tub, a walk-in tiled shower, dual vanities, and heated flooring! The spacious walk-in closet even connects to the laundry room for extra convenience. Also on the main floor: a second bedroom/office, a cozy sitting area under a custom-built oak floating staircase, a half bath, and a laundry room with a sink. Upstairs, you'll find a flex space for additional living plus three bedrooms, including two that share an oversized Jack-and-Jill bathroom. Outside, enjoy stylish landscaping, a sprinkler system, and an oversized 3-stall garage with an epoxy floor—perfect as an extension of your home. Located in the charming town of Rock Rapids, just 29 miles from Sioux Falls, you'll love the small-town feel with big-city access. Plus, take advantage of a 5-year tax abatement on $75,000 of the home’s assessed value! This home is truly a must-see!

Getting Around

3
WalkingCar-Dependent
0
TransitVery Limited Transit
23
BikeSomewhat Bikeable

Schools

8/10
9/10

Construction

Condition

  • Property condition: To Be Built
  • Year built: 2024

Materials

  • Roof: Shingle
  • Construction materials: Brick,Hardboard

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence,Residential

Interior

Appliances

  • Appliances included: Water Softener: None
  • Laundry features: Main Level

Basement

  • Basement: None

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 3
  • Main level bathrooms: 1
  • Main level bedrooms: 2

Features

  • Kitchen Island
  • Finished area below ground: 0
  • Finished area above ground: 2,772

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 2,772
  • Total interior livable area: 2,772 sqft

Property

Details

  • Parcel number: 350000124882400

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Patio

Lot

  • Lot size: 0.34 Acres
  • Features: Landscaped,Lawn Sprinkler System

Parking

  • Total spaces: 3
  • Parking features: Attached,Oversized,Concrete
  • Has garage: Yes
  • Attached garage spaces: 3

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hail
    HailVery High
  • Winter Weather
    Winter WeatherVery High
  • Cold Wave
    Cold WaveRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Ice Storm
    Ice StormRelatively High
  • Tornado
    TornadoRelatively High
  • Drought
    DroughtModerate
  • Heat Wave
    Heat WaveModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Hail
Winter Weather
Cold Wave
Inland Flooding
Ice Storm
Tornado
Drought
Heat Wave
Strong Wind

FEMA Declared Disasters Across Iowa Counties

Flood
Severe Storm
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,021$36,252
Home Insurance *$507$6,084
Property Taxes $428$5,136
Electricity $206$2,481
Total$4,162$49,944
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$142,697/yr
40% on housing$124,860/yr
45% on housing$110,986/yr

Iowa FAIR Plan Programs

Iowa FAIR Plan Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 1,021Commercial: 22
Total Premiums$1.14M
Total Exposure$85.68M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 15.6%
15.6%
0%30.0%
Electricity Growth Rate10-year average: 1.9%
1.9%
0%15.0%
Property Taxes Growth Rate2-year average: -2.4%
-2.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$216This listing

vs Other Active Listings

Avg $/sqft

ZIP 51246$175
Lyon County$193

vs Homes Sold Last Month

Median $/sqft

ZIP 51246
Lyon County$102

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-01Listed for sale$597,500
2026-05-01Listing removed$597,500
2025-10-01Listed for sale$597,500
2025-10-01Listing removed$639,700
2025-03-06Price change$639,700
2024-09-17Listed for sale$659,700
2024-09-09Listing removed$649,900
2024-01-22Listed for sale$649,900

For Sale by Agent

AgentBrit Whalen
BrokerageColdwell Banker Empire Realty

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