Purchased this house last week and the previous owners also did not know what it was. The pipe is heavy duty and set in concrete. There's water about halfway up the length of the pipe, but I haven't tested the depth.
UPDATE: it was definitely an early generation giant satellite dish. Not only did we find 2 buried coax cables running towards the house when we removed it, I've since spotted several other such remnant poles in backyards across town.
Best Answer
Since the pole is so thick and there's only one of them, it could have been the base of a satellite dish - like one of the old 8' dishes (big, not sure of exact measurements).
The height is about right for that, and it's kinda short for a clothesline.
It filling with water is just from the rain. I've never seen anything plumbing or well related that looks like that.