Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Flat Lot Near Holiday Lake Title is generated by Realmo AI

    39 Bandy Drive, Holiday Island, AR 72631

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Holiday Island, AR

    Lot size:
    0.31 Acres
    Added:
    Jan 25, 2024
    Days on Market:
    860
    Last Refresh:
    Jun 3 at 7:06 am

    Property Features for 39 Bandy Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    320-04518-000
    Lot size
    0.31 Acres

    Taxes and HOA fees

    Tax Description
    UNIT 110-1-18
    Tax Annual Amount
    217

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    James Rusterholz

    Listing agent James Rusterholz License #SA00086773

    Listing office Coldwell Banker K-C Realty (Holiday Island Br Off) 2 Holiday Island Dr., AR

    Listing date Jan 25, 2024

    MLS# 1265463 Listing URL

    Copyright © 2026 ArkansasONE 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

    • Rare flat lot near the lake, ideal for building a home or weekend getaway.
    • Next to the community center with tennis, pickleball, swimming pools, and a 9‑hole golf course.
    • Easy access to a full‑service marina, swim beach, and fishing pier.
    • City water, sewer, and electricity available at the street, saving on hookup costs.
    • Minutes from both an 18‑hole championship golf course and a 9‑hole course.
    • Located in a peaceful, well‑established neighborhood.

    Overview

    This flat lot is located in a peaceful, established neighborhood near the lake. It is suited for a full-time residence or a weekend retreat. Situated next to the community center, residents have easy access to tennis and pickleball courts, swimming pools, and a 9-hole golf course. A short drive away is a full-service marina, swim beach, and fishing pier. Golf enthusiasts are minutes from an 18-hole championship course, or the 9-hole course. City water, sewer, and electricity are available at the street. The lot size is 0.3132 acres. The property is located in Holiday Island, Arkansas.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm Hotel & Motel Grocery & Convenience Store Computer & Electronic Repair Tech Support Center Travel Agency Bed & Breakfast Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Holiday Island
    County
    Carroll
    State
    Arkansas
    Longitude
    -93.777477
    Latitude
    36.490225

    Nearby Similar for Sale

    • $27,000

      Holiday Island Lake View Homesite

      Rare, level homesite with utilities ready in Holiday Island.
      5 Bandy Drive lot: 3, Holiday Island, AR 72631
      View Details
    • $32,500

      Holiday Island Golf Course Lot

      Level lot near golf course, ideal for dream home.
      S Hills Loop lot: 1, Holiday Island, AR 72631
      View Details
    • $3,000

      Residential Lot on Main Road

      Good-sized residential lot near Holiday Island amenities, offering room to build and a potential view from the rear.
      238 Holiday Island Drive lot: 27, Holiday Island, AR 72631
      View Details
    • $7,500

      Holiday Island Land For Sale

      Land with road frontage near golf course and country club.
      Wild Turkey Drive lot: 13, Holiday Island, AR 72631
      View Details
    • $14,000

      Holiday Island Land For Sale

      0.34 acre lot in Holiday Island, Arkansas.
      97 Thunderbird Drive lot: 26, Holiday Island, AR 72631
      View Details
    • $16,500

      Holiday Island Lot with Plans

      Trailside/Lakeside lot near Table Rock Lake with house plans.
      Leatherwood Drive lot: 3, Holiday Island, AR 72631
      View Details
    • $14,000

      Holiday Island Double Lot

      2.91 acre double lot in Holiday Island, Arkansas.
      89 Sunrise Avenue lot: 24 - 25, Holiday Island, AR 72631
      View Details
    • $45,000

      Holiday Island Land For Sale

      1.74 acre commercial land in Holiday Island, Arkansas.
      1 Bluff Lane lot: 1, Holiday Island, AR 72631
      View Details
    • $14,990

      Waterfront Land with Lake Views

      0.48-acre lakeview lot with access to many amenities.
      10 LEATHERWOOD Drive lot: 7, Holiday Island, AR 72631
      View Details
    • $18,900

      Holiday Island Land Parcel

      0.61-acre lot near golf, lake, and Eureka Springs.
      Rocky Top Circle lot: F, Holiday Island, AR 72631
      View Details
    • $14,200

      Holiday Island Land Opportunity

      Residential land to build your dream home in Holiday Island.
      4 Beaver Circle lot: 12, Holiday Island, AR 72631
      View Details
    • $9,200

      Holiday Island Land with Golf View

      Residential land with golf course view in Holiday Island, AR.
      9 QuailRun Lane lot: 3, Holiday Island, AR 72631
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Flat lot near the lake, perfect for building your dream home.
    Where is this residential land & home lot located?
    The property is located at 39 Bandy Drive Holiday Island, 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: Rare flat lot near the lake, ideal for building a home or weekend getaway.; Next to the community center with tennis, pickleball, swimming pools, and a 9‑hole golf course.; Easy access to a full‑service marina, swim beach, and fishing pier.
    (479) 659-8151
    We can help!
    Listing Contact
    James Rusterholz
    Real Estate License ID: SA00086773
    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
    39 Bandy Drive, Holiday Island, AR 72631
    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!