Lakefront Residential Income
For Sale
$299,900
724 Weston, Hot Springs, AR 71913
Residential, Hot Springs, AR
Property Size1,692 SF
Price / SF$177.25
Days on Market98
Property Features for 724 Weston
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Great Room, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 2
Parking features
Garage
Patio and Porch features
Deck
Interior features
Washer Connection, Dryer Connection-Electric, Water Heater-Electric, Window Treatments, Built-Ins, Ceiling Fan(s), Breakfast Bar, Kit Counter-Formica
Exterior features
Deck, Outside Storage Area, Boat Dock
Fireplace
1
Appliances
Free-Standing Stove, Microwave, Electric Range, Disposal, Refrigerator-Stays
Subdivision
CEDAR CREST HPR
Lot features
Resort Property, In Subdivision, River/ Lake Area, Lake View
Directions
Take Airport Road Exit, turn left at light. Turn right onto Weston Road. Cedar Crest is gated complex on the left.
Standard status
Active
Size
1,692 SF
Taxes and HOA fees
Tax Description
Lot 003 Block 00Q
Tax Annual Amount
2010
HOA Fee
$312 Monthly
Legal Description
Lot 003 Block 00Q
Utilities
Water front
1
Amenities
private patio
boat slip
gated community
Building Details
Year built
1982
Floors in Building
1
Flooring type
Carpet, Tile
Roof type
Composition
Additional Structures
Storage
Listing Agency:
Baxley-Penfield-Moudy Realtors
(501) 315-5000
Listed By:
Greg Calaway
(501) 529-1921
Added: Jun 30
Changed: Oct 5
Last Checked: Oct 5 at 4:06PM
MLS# 26026638
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.
Investment Insights
Based on property information with market context.
This 1,692-square-foot condominium has three bedrooms, two bathrooms, and an open living and dining area. The kitchen includes a breakfast bar, built-ins, and a free-standing stove, microwave, electric range, disposal, and refrigerator. A primary suite with its own bathroom is complemented by two additional bedrooms. The home also features a fireplace, washer and electric dryer connections, and a deck with views of Lake Hamilton. A garage provides parking, and an outside storage area is included.
The residence is in a gated community on Lake Hamilton, with a dedicated boat slip and boat dock among its waterfront features. Built in 1982, the unit has carpet and tile flooring, window treatments, and ceiling fans.
The residence is in a gated community on Lake Hamilton, with a dedicated boat slip and boat dock among its waterfront features. Built in 1982, the unit has carpet and tile flooring, window treatments, and ceiling fans.
Key Highlights
- 1,692‑square‑foot condo with 3 bedrooms and 2 bathrooms
- Dedicated boat slip and boat dock
- Deck with views of Lake Hamilton
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,441
Cap Rate
3.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$208,820
$208.8K
Cap Rate 7%
$149,157
$149.2K
Cap Rate 9%
$116,011
$116.0K
Market Conditions
NOI Build-Up for 1,692 SF
Gross rent
$20.3K $12.00/SF
− Vacancy
−$1.3K −$0.78/SF
EGI
$19.0K $11.22/SF
− OpEx
−$8.5K −$5.05/SF
NOI
$10.4K $6.17/SF
Area
Garland County, AR
Vacancy
6.50%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$208,820
Cap Rate 7%
$149,157
Cap Rate 9%
$116,011
Alternative Uses
Best Use
Apartment 5plus
$149.2K
$130.5K – $174.0K
NOI $10,441 @ 7.0% cap · market cap 3.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$309.4K
$270.8K – $361.0K
NOI $21,660 @ 7.0% cap · market cap 7.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
182
Businesses Nearby
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Business Placement
Demographics for 71913, AR
46,801
Population
25,441
Households
1.8
Avg Household Size
44
Median Age
28%
College-Educated
91%
High-School Grad
134.2 sq mi
ZIP Area
349
Density / Sq Mi
$55,367
Median Household Income
$32,746
Median Earnings
$970
Median Rent
$179,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The three-bedroom, two-bath residence includes a dedicated boat slip and sits within a gated community.
Where is this residential income property located?
The property is located at 724 Weston Hot Springs, AR.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 1,692‑square‑foot condo with 3 bedrooms and 2 bathrooms; Dedicated boat slip and boat dock; Deck with views of Lake Hamilton
