Furnished Waterfront
200 Hamilton Oaks #D-3, Hot Springs, AR 71913
For Sale
$285,000
The two-bedroom home has a private balcony with Lake Hamilton views and is offered with its furnishings and contents.
Property Size1,296 SF
Price / SF$219.91
Days on Market123
Property Features for 200 Hamilton Oaks #D-3
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Furnished
Amenities
wood-burning fireplace
private balcony
gated security
swimming pools
hot tub
tennis courts
Building Details
Year Built
Listing Agency:
United Country Real Estate Land and Lakes Group
(501) 520-6699
Listed By:
Will Lindsay III · License AR PB00073534
(501) 574-2592
Source:
Blairrealtors
Added: Jul 10
Changed: Nov 9
Last Checked: Nov 9 at 6:59AM
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 United Country Real Estate Land and Lakes Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 200 Hamilton Oaks Drive, Unit D-3, this 1,296-square-foot condominium has two bedrooms, two bathrooms, an open layout, and a wood-burning fireplace. Entry-level access has no steps. A private balcony faces Lake Hamilton, and the home is offered with furniture, furnishings, and contents. Built in 1979, the residence has been remodeled and has an established Airbnb rental history, with local property management in place.
The condo is within the gated South Shore community on Lake Hamilton. Community amenities include swimming pools, a hot tub, tennis courts, and maintained grounds. Oaklawn and downtown Hot Springs are minutes away.
The condo is within the gated South Shore community on Lake Hamilton. Community amenities include swimming pools, a hot tub, tennis courts, and maintained grounds. Oaklawn and downtown Hot Springs are minutes away.
Key Highlights
- 1,296‑square‑foot waterfront condominium with Lake Hamilton views
- Two bedrooms, two bathrooms, and entry‑level access with no steps
- Private balcony, open layout, and wood‑burning fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,998
Cap Rate
2.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$159,960
$160.0K
Cap Rate 7%
$114,257
$114.3K
Cap Rate 9%
$88,867
$88.9K
Market Conditions
NOI Build-Up for 1,296 SF
Gross rent
$15.6K $12.00/SF
− Vacancy
−$1.0K −$0.78/SF
EGI
$14.5K $11.22/SF
− OpEx
−$6.5K −$5.05/SF
NOI
$8.0K $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%
$159,960
Cap Rate 7%
$114,257
Cap Rate 9%
$88,867
Alternative Uses
Best Use
Apartment 5plus
$114.3K
$100.0K – $133.3K
NOI $7,998 @ 7.0% cap · market cap 2.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$237.0K
$207.4K – $276.5K
NOI $16,591 @ 7.0% cap · market cap 5.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
174
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
$179,200
Median Home Value
Market
Average Price Trend$/SF for Short term rental properties in Hot Springs, AR
Properties on Market for Short term rental properties in Hot Springs
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Short term rental property - The two-bedroom home has a private balcony with Lake Hamilton views and is offered with its furnishings and contents.
Where is this short term rental property located?
The property is located at 200 Hamilton Oaks #D-3 Hot Springs, AR.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: 1,296‑square‑foot waterfront condominium with Lake Hamilton views; Two bedrooms, two bathrooms, and entry‑level access with no steps; Private balcony, open layout, and wood‑burning fireplace
