Lake-View Residential Income
179 Marina Point, Hot Springs, AR 71913
For Sale
$265,000
Residential, Townhouse, Hot Springs, AR
Property Size1,380 SF
Price / SF$192.03
Days on Market147
Property Features for 179 Marina Point
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Patio and Porch features
Interior features
Exterior features
Appliances
Subdivision
Lot features
Directions
Standard status
APN
Size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
HOA Fee
Legal Description
Utilities
Water front
Amenities
boat slip
private deck
two-car garage
Building Details
Year built
Floors in Building
Flooring type
Roof type
Architectural style
Listing Agency:
Keller Williams Realty The Bergeron Group
(501) 463-6328
Listed By:
Nancy Bergeron
(817) 879-2853
Added: Jun 19
Changed: Nov 3
Last Checked: Nov 12 at 7:06AM
MLS# 26025837
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.
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Investment Insights
Based on property information with market context.
This 1,380-square-foot residential income property is an updated condo in the Diamondhead community on Lake Catherine. The two-level layout includes two bedrooms, two bathrooms, and an open main-floor arrangement combining the living, dining, and kitchen areas. Large windows face the lake, while a private deck extends the living space outdoors. Interior features include granite-slab counters, a breakfast bar, walk-in closets, tile and wood flooring, and washer and dryer connections. Most furnishings convey, excluding family heirlooms and personal items.
An extra-deep oversized two-car garage provides room for full-size vehicles, a golf cart, boating equipment, workshop use, or storage. A boat slip is negotiable, and the property offers water access and lake views. The home is approximately 20 minutes from Hot Springs National Park, Oaklawn Racing Casino Resort, Bathhouse Row, shopping, dining, and entertainment, and about 15 minutes from Malvern. Lake Catherine State Park, the Diamondhead golf course, and a marina are also identified in the surrounding area.
An extra-deep oversized two-car garage provides room for full-size vehicles, a golf cart, boating equipment, workshop use, or storage. A boat slip is negotiable, and the property offers water access and lake views. The home is approximately 20 minutes from Hot Springs National Park, Oaklawn Racing Casino Resort, Bathhouse Row, shopping, dining, and entertainment, and about 15 minutes from Malvern. Lake Catherine State Park, the Diamondhead golf course, and a marina are also identified in the surrounding area.
Key Highlights
- 1,380‑square‑foot condo with two bedrooms and two bathrooms
- Lake Catherine views with water access and a private deck
- Extra‑deep oversized two‑car garage with room for vehicles, gear, workshop use, or storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,516
Cap Rate
3.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$170,320
$170.3K
Cap Rate 7%
$121,657
$121.7K
Cap Rate 9%
$94,622
$94.6K
Market Conditions
NOI Build-Up for 1,380 SF
Gross rent
$16.6K $12.00/SF
− Vacancy
−$1.1K −$0.78/SF
EGI
$15.5K $11.22/SF
− OpEx
−$7.0K −$5.05/SF
NOI
$8.5K $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%
$170,320
Cap Rate 7%
$121,657
Cap Rate 9%
$94,622
Alternative Uses
Best Use
Apartment 5plus
$121.7K
$106.5K – $141.9K
NOI $8,516 @ 7.0% cap · market cap 3.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$252.4K
$220.8K – $294.4K
NOI $17,666 @ 7.0% cap · market cap 6.67%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
20
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
$179,200
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Hot Springs, AR
Properties on Market for Residential income properties in Hot Springs
Frequently Asked Questions
What type of property is this?
Residential income property - Updated two-level condo with lake views, private outdoor space, and an oversized garage in the Diamondhead community.
Where is this residential income property located?
The property is located at 179 Marina Point Hot Springs, AR.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: 1,380‑square‑foot condo with two bedrooms and two bathrooms; Lake Catherine views with water access and a private deck; Extra‑deep oversized two‑car garage with room for vehicles, gear, workshop use, or storage
