Three-Bedroom Condo with
200 Hamilton Oaks Drive Hot Springs, AR 71913
For Sale
$349,900
CONDOS - Hot Springs, AR
Property Size1,800 SF
Price / SF$194.39
Days on Market113
Property Features for 200 Hamilton Oaks Drive
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 3, Bathroom 2
- Fireplace
- 1
- Appliances
- Free-Standing Stove, Microwave, Electric Range, Dishwasher
- Standard status
- Active
- Size
- 1,800 SF
Taxes and HOA fees
- Tax Description
- Unit K-2 South Shore HPR
- Tax Annual Amount
- 1129
Building Details
- Year built
- 1979
- Floors in Building
- 2
- Flooring type
- Tile, Laminate, Wood
- Architectural style
- Contemporary
Listing Agency:
White Stone Real Estate
(501) 359-3009
Listed By:
Amber White · License #AB00067273
(501) 922-7508
Added: Apr 3
Changed: Jul 22
Last Checked: Jul 24 at 7:06AM
MLS# 26012953
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 ground-level condo offers three full bedrooms and three full baths, with each bedroom functioning as its own en-suite. Large picture windows and multiple balconies help bring in natural light, while granite countertops are featured throughout. The home has been cared for by the same owner for more than 25 years.
Located in a gated South Shore subdivision, the unit is positioned so that resort-style amenities are just steps away, including a pool, sundeck, and tennis court.
Short-term rentals are allowed, offering flexibility for use as a primary residence or as a rental property. The condo’s configuration—en-suite bedrooms plus balcony space—supports a range of practical occupancy needs.
Located in a gated South Shore subdivision, the unit is positioned so that resort-style amenities are just steps away, including a pool, sundeck, and tennis court.
Short-term rentals are allowed, offering flexibility for use as a primary residence or as a rental property. The condo’s configuration—en-suite bedrooms plus balcony space—supports a range of practical occupancy needs.
Key Highlights
- Ground‑level condo unit with 3 bedrooms and 3 full baths, with each bedroom featuring its own en‑suite bathroom
- Gated South Shore subdivision with pool, sundeck, and tennis court just steps away
- Picture windows plus multiple balconies for outdoor space
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 | $21.6k | $12.00 |
| − Vacancy | −$1.4k | −$0.78 |
| EGI | $20.2k | $11.22 |
| − OpEx | −$9.1k | −$5.05 |
| NOI | $11.1k | $6.17 |
1,800 SF · lease $12.00/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$158.7K
$138.9K – $185.1K
NOI $11,108 @ 7.0% cap · market cap 3.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$329.2K
$288.0K – $384.1K
NOI $23,043 @ 7.0% cap · market cap 6.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
SouthShore B4
Real Estate Agency
Hamilton Place Condos
Homestay
The Oaks
Hotel & Motel
FAQs
What type of property is this?
Short term rental property - Ground-level condo with three en-suite bedrooms, multiple balconies, and granite countertops in a gated subdivision.
Where is this short term rental property located?
The property is located at 200 Hamilton Oaks Drive Hot Springs, AR.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Ground‑level condo unit with 3 bedrooms and 3 full baths, with each bedroom featuring its own en‑suite bathroom; Gated South Shore subdivision with pool, sundeck, and tennis court just steps away; Picture windows plus multiple balconies for outdoor space
