Waterfront Short-Term Rental
For Sale
Under Contract
$319,900
8 Opalo Place, Hot Springs Village, AR 71909
Residential, Townhouse, Hot Springs Village, AR
Property Size1,916 SF
Lot Size3.00 Acres
Price / SF$166.96
Days on Market53
Property Features for 8 Opalo Place
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 2, Office
Interior features
Washer-Stays, Dryer Connection-Electric, Dryer-Stays, Water Heater-Electric, Walk-In Closet(s), Ceiling Fan(s), Walk-in Shower, Furnished, Kit Counter- Granite Slab
Exterior features
Guttering
Appliances
Free-Standing Stove, Microwave, Dishwasher, Refrigerator-Stays
Subdivision
CORONADO COURTS
Lot features
Cul-de-sac, In Subdivision, Lake View, Lake Front, Common to Lake, Waterfront
Elementary school
Fountain Lake
Middle school
Fountain Lake
High school
Fountain Lake
Directions
From DeSoto Blvd go South on Balearic Rd , Left on Ponderosa Lane, Left on Ponderosa Way
Standard status
Active Under Contract
Size
1,916 SF
Lot size
3.00 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot 4 Block 4 Coronado Courts
Tax Annual Amount
1653
HOA Fee
$94 Monthly
Legal Description
Lot 4 Block 4 Coronado Courts
Utilities
Water front features
Lake
Water front
1
Amenities
dock
swim dock
sunroom
Building Details
Year built
1977
Flooring type
Laminate
Roof type
Composition
Architectural style
Other
Listing Agency:
McGraw Realtors - HSV
(501) 922-0707
Listed By:
Rick Marshall
(501) 601-7425
Added: Jul 14
Changed: Sep 3
Last Checked: Sep 4 at 6:06PM
MLS# 26028459
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 furnished short-term rental townhome offers 1,916 square feet with three bedrooms, two bathrooms, and a bonus room across two levels. The residence includes two sunrooms, including a glass-enclosed, unheated room near the guest bedrooms. Kitchen and bathroom updates feature granite countertops, refreshed flooring, updated baths, and a walk-in shower. Furnishings remain on both levels, along with the refrigerator, dishwasher, microwave, and stove. The roof was replaced in 2022, and the property includes an electric water heater, laminate flooring, washer, and dryer.
Set on 3 acres at Lake Coronado, the property includes a 20' x 20' swim dock with space to tie up a boat. Hot Springs Village is a gated community with 11 lakes, 9 golf courses, tennis, pickleball, mini-golf, fitness facilities, indoor and outdoor pools, and walking trails. The property is located at 8 Opalo Place in Hot Springs Village, Arkansas.
Set on 3 acres at Lake Coronado, the property includes a 20' x 20' swim dock with space to tie up a boat. Hot Springs Village is a gated community with 11 lakes, 9 golf courses, tennis, pickleball, mini-golf, fitness facilities, indoor and outdoor pools, and walking trails. The property is located at 8 Opalo Place in Hot Springs Village, Arkansas.
Key Highlights
- Lake Coronado waterfront setting with a 20' x 20' swim dock
- 1,916‑square‑foot furnished townhome with 3 bedrooms, 2 bathrooms, and a bonus room
- 3‑acre property in Hot Springs Village
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,824
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$236,480
$236.5K
Cap Rate 7%
$168,914
$168.9K
Cap Rate 9%
$131,378
$131.4K
Market Conditions
NOI Build-Up for 1,916 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$23.0K $12.00/SF
− Vacancy
−$1.5K −$0.78/SF
EGI
$21.5K $11.22/SF
− OpEx
−$9.7K −$5.05/SF
NOI
$11.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$236,480
Cap Rate 7%
$168,914
Cap Rate 9%
$131,378
Alternative Uses
Best Use
Apartment 5plus
$168.9K
$147.8K – $197.1K
NOI $11,824 @ 7.0% cap · market cap 3.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$350.4K
$306.6K – $408.8K
NOI $24,528 @ 7.0% cap · market cap 7.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
44
Businesses Nearby
Explore this area
Business Placement
Demographics for 71909, AR
17,935
Population
10,563
Households
1.7
Avg Household Size
67
Median Age
33%
College-Educated
97%
High-School Grad
79.3 sq mi
ZIP Area
226
Density / Sq Mi
$69,171
Median Household Income
$31,165
Median Earnings
$1,143
Median Rent
$255,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Furnished townhome with lake access, updated interiors, two sunrooms, and a private swim dock.
Where is this short term rental property located?
The property is located at 8 Opalo Place Hot Springs Village, AR.
What is the asking price?
The asking price for this property is $319,900.
What are key features of this property?
This property features: Lake Coronado waterfront setting with a 20' x 20' swim dock; 1,916‑square‑foot furnished townhome with 3 bedrooms, 2 bathrooms, and a bonus room; 3‑acre property in Hot Springs Village
