Gated Waterfront Condominium with Two
For Sale
$550,000
150 Villa Pointe Unit A, Hot Springs, AR 71913
Modern three-bedroom, three-bath gated lake condominium on Lake Hamilton with two private balconies.
Property Size2,950 SF
Price / SF$186.44
Days on Market13
Property Features for 150 Villa Pointe Unit A
General Information
Standard status
Active
Size
2,950 SF
Property subtype
Condo/Townhse/Duplex/Apt
Units
Unit Mix
3BR/3BA
Multifamily Units
1
Amenities
gated community
community pool
private balconies
kitchenette
Building Details
Building Size
2,950 SF
Year Built
2021
Listing Agency:
Crye-Leike REALTORS
(501) 276-4510
Listed By:
Nedra Plumlee · License #EB00042722
(501) 276-4510
Source:
Whitestonearkansas
Added: Jul 24
Changed: Jul 30
Last Checked: Aug 5 at 5:11AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Crye-Leike REALTORS
Investment Insights
Based on property information with market context.
This 2021-built three-bedroom, three-bath condominium in a gated waterfront community offers spacious lake living on Lake Hamilton. The residence totals 2,950 square feet and is designed with two distinct living levels for entertaining and privacy.
Enjoy indoor-outdoor living with expansive views from two private balconies overlooking the community pool. The lower level includes a private bedroom with a full bathroom, along with its own separate living area and kitchenette—well suited for a guest suite, in-law quarters, home office, or media room.
With two living levels and multiple private spaces, the layout supports flexible day-to-day use while keeping bedrooms and bathrooms thoughtfully arranged for comfort.
Enjoy indoor-outdoor living with expansive views from two private balconies overlooking the community pool. The lower level includes a private bedroom with a full bathroom, along with its own separate living area and kitchenette—well suited for a guest suite, in-law quarters, home office, or media room.
With two living levels and multiple private spaces, the layout supports flexible day-to-day use while keeping bedrooms and bathrooms thoughtfully arranged for comfort.
Key Highlights
- 2,950 SF three‑bedroom, three‑bath condominium in a gated waterfront community
- Two private balconies with views overlooking the community pool
- Lower level includes a private bedroom, full bathroom, separate living area, and kitchenette
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.4k | $12.00 |
| − Vacancy | −$2.3k | −$0.78 |
| EGI | $33.1k | $11.22 |
| − OpEx | −$14.9k | −$5.05 |
| NOI | $18.2k | $6.17 |
2,950 SF · lease $12.00/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$260.1K
$227.6K – $303.4K
NOI $18,204 @ 7.0% cap · market cap 3.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$539.5K
$472.1K – $629.4K
NOI $37,765 @ 7.0% cap · market cap 6.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
199
Businesses Nearby
Explore this area
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Modern three-bedroom, three-bath gated lake condominium on Lake Hamilton with two private balconies.
Where is this residential income property located?
The property is located at 150 Villa Pointe Unit A Hot Springs, AR.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 2,950 SF three‑bedroom, three‑bath condominium in a gated waterfront community; Two private balconies with views overlooking the community pool; Lower level includes a private bedroom, full bathroom, separate living area, and kitchenette
