Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    000 Santa Lucia Drive Fairfield Bay, AR 72088

    View on Map
    For Sale
    Contact for pricing

    Residential Lot - Fairfield Bay, AR

    Lot size:
    0.75 Acres
    Added:
    Mar 20, 2026
    Days on Market:
    12
    Last Refresh:
    Mar 31 at 11:06 pm

    Property Features for 000 Santa Lucia Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.75 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxAnnualAmount
    105
    Expense value
    56
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Monthly

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Tammy Landry
    Tammy Landry

    Listing agent Tammy Landry

    Listing office Landry Greers Ferry Lake Realty 112 Dave Creek Parkway, Fairfield Bay, AR

    Listing date Mar 20, 2026

    MLS# 26010889 Listing URL

    Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Fairfield Bay Residential Lot

    Located in the Grand Isle Subdivision, this residential lot offers a setting suitable for walking, biking, and outdoor activities. Subdivision residents have access to Greers Ferry Lake. The property consists of three replatted lots combined into one large, flat lot. Underground utilities are available at the street. Situated in Fairfield Bay on Greers Ferry Lake, the property is near amenities such as pickleball, golf courses, tennis courts, and hiking trails. The lot size is 0.75 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Fairfield Bay
    County
    Van Buren
    State
    Arkansas
    Longitude
    -92.235661
    Latitude
    35.579038

    Nearby Similar for Sale

    • $300,000

      Lakeview Residential Lot in Fairfield

      1.53-acre lot with lake views and boat slip.
      133 Sunrise Circle, Fairfield Bay, AR 72088
      View Details
    • $5,000

      Fairfield Bay Residential Lot Opportunity

      Residential lot in Fairfield Bay Resort Community near golf course.
      Lot 152 Woodlawn Drive, Fairfield Bay, AR 72088
      View Details
    • $5,000

      Fairfield Bay Lakeside Residential Lot

      Residential lot in Fairfield Bay resort community near Greers Ferry.
      Lot 92 Dave Creek Parkway, Fairfield Bay, AR 72088
      View Details
    • $5,000

      Lakeside Corner Lot Opportunity

      Corner lot in Fairfield Bay Resort Community near Greers Ferry Lake.
      Lot 86 Lynn Creek Drive, Fairfield Bay, AR 72088
      View Details
    • $4,850

      Fairfield Bay Golf Course Lot

      Spacious lot near Greers Ferry Lake with many amenities.
      Lot 38R Block 3 Mountain Ranch Drive, Fairfield Bay, AR 72088
      View Details
    • $975,000

      Lakefront Land in Fairfield Bay

      3.84 acres of lakefront land with development potential.
      Wilshire Road, Fairfield Bay, AR 72088
      View Details
    • $5,000

      Golf Course Lot in Fairfield

      Residential lot near golf, lake, and many amenities.
      000 Mountain Ranch Drive, Fairfield Bay, AR 72088
      View Details
    • $5,000

      Golf Course Lot in Fairfield

      Residential lot on Mountain Ranch Golf Course in Fairfield Bay.
      000 Mountain Ranch Drive, Fairfield Bay, AR 72088
      View Details
    • $5,000

      Golf Course Lot in Fairfield

      Residential lot on Mountain Ranch Golf Course.
      000 Mountain Ranch Drive, Fairfield Bay, AR 72088
      View Details
    • $5,000

      Golf Course Lot in Fairfield

      Residential lot on Mountain Ranch Golf Course.
      000 Mountain Ranch Drive, Fairfield Bay, AR 72088
      View Details
    • $5,000

      Fairfield Bay Lakeside Subdivision Lot

      Subdivision lot in premier resort community near Greers Ferry Lake.
      Lot 93 Dave Creek Parkway, Fairfield Bay, AR 72088
      View Details
    • $20,000

      Golf Course Lots in Fairfield Bay

      Four golf course frontage lots to build your dream home.
      000 Mountain Ranch Drive, Fairfield Bay, AR 72088
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Large, flat lot in premier Fairfield Bay subdivision.
    Where is this residential land & home lot located?
    The property is located at 000 Santa Lucia Drive Fairfield Bay, AR.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Large, flat, combined lot offers ample space and flexibility for building.; Located in Grand Isle, a premier Fairfield Bay subdivision with lighted streets and a peaceful setting.; Lake access points within the subdivision provide easy enjoyment of Greers Ferry Lake.
    (501) 412-0182
    We can help!
    Listing Contact
    Tammy Landry
    Tammy Landry
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!