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    Melissa Lax, Hot Springs, AR

    License ID: PB00063305
    Years of Experience
    17
    Association
    Hot Springs Board Of Realtors

    Service Locations

    Contact details

    Phone:
    (501) 844-5622
    Office Address:
    407 Ouachita Avenue, Suite A, Hot Springs, AR

    Property Types

    • Land

    Performance

    Listings
    6
    Total transactions
    251
    Total transactions amount
    $61M
    Price range
    $29k - 720k
    Average price
    $243k

    Listings

    For Sale (6)

    View map
    • $285,000
      0.96 Acres

      Lake Hamilton Lot for Sale

      Lakefront lot with potential for walk-out basement home.
      535 Burchwood Bay Rd, Hot Springs, AR 71913
      View Details
    • $125,000
      1.95 Acres

      Residential Lot with Sweeping Views

      1.95 acre residential lot with views near Lake Hamilton.
      000 Mount Riante Rd, Hot Springs, AR 71913
      View Details
    • $150,000
      1.26 Acres

      Residential Lot with Sweeping Views

      Residential lot offering views of Hot Springs and Lake Hamilton.
      Tbd Mt Riante Rd, Hot Springs, AR 71913
      View Details
    • $150,000
      0.91 Acres

      Residential Lot with Sweeping Views

      One acre residential lot with views of Lake Hamilton.
      Tract A Mt Riante Rd, Hot Springs, AR 71913
      View Details
    • $49,500
      1.66 Acres

      Residential Lot with Sweeping Views

      1.66 acre residential lot in gated community, Hot Springs.
      000 Mount Riante Rd, Hot Springs, AR 71913
      View Details
    • $415,000
      1,320 SF

      Lakefront Condo in 7 South

      Fully furnished lakefront condo with king ensuites and water views.
      117 Lookout Pt, Hot Springs, AR 71913
      View Details

    Leases and Sales on Map

    • For Sale

    Properties for sale

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    Melissa Lax, Hot Springs, AR
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

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    Melissa Lax, Hot Springs, AR
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