Short-Term Rental Condo with
New
For Sale
$325,000
200 Hamilton Oaks Drive, Hot Springs, AR 71913
Residential, Contemporary, Hot Springs, AR
Property Size1,800 SF
Price / SF$180.56
Days on Market1
Property Features for 200 Hamilton Oaks Drive
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bathroom 3, Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1
Fireplace
1
Appliances
Free-Standing Stove, Microwave, Electric Range, Dishwasher
Subdivision
Southshore HPR
Lot features
In Subdivision
Directions
Central Avenue to Right on Higdon Ferry, turn right onto 7 South, then Right on Hamilton Oaks Dr. Enter gate, take first Left past the gate and condo is on the far back left of complex.
Standard status
Active
Size
1,800 SF
Taxes and HOA fees
Tax Description
Unit K-2 South Shore HPR
Tax Annual Amount
1129
HOA Fee
$428 Monthly
Legal Description
Unit K-2 South Shore HPR
Amenities
pool
sundeck
tennis court
gated
Building Details
Year built
1979
Floors in Building
2
Flooring type
Wood, Laminate, Tile
Architectural style
Contemporary
Listing Agency:
White Stone Real Estate
(501) 359-3009
Listed By:
Amber White · License #AB00067273
(501) 922-7508
Added: Oct 5
Last Checked: Oct 5 at 3:06PM
MLS# 26040261
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 1,800-square-foot, ground-level condo has three bedrooms and three full bathrooms, with a private bath for each bedroom. Multiple balconies and large picture windows face the pool and landscaped grounds. Interior features include granite countertops, wood, laminate, and tile flooring, a fireplace, and a kitchen equipped with a stove, electric range, microwave, and dishwasher. Built in 1979, the unit is in a gated subdivision, and short-term rentals are allowed.
The pool, sundeck, and tennis court are steps from the unit. The property is located at 200 Hamilton Oaks Drive in Hot Springs, Arkansas.
The pool, sundeck, and tennis court are steps from the unit. The property is located at 200 Hamilton Oaks Drive in Hot Springs, Arkansas.
Key Highlights
- Short‑term rentals are allowed
- Three bedrooms and three full bathrooms, with an en‑suite bath in each bedroom
- 1,800 square feet of ground‑level condo space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,108
Cap Rate
3.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$222,160
$222.2K
Cap Rate 7%
$158,686
$158.7K
Cap Rate 9%
$123,422
$123.4K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$21.6K $12.00/SF
− Vacancy
−$1.4K −$0.78/SF
EGI
$20.2K $11.22/SF
− OpEx
−$9.1K −$5.05/SF
NOI
$11.1K $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%
$222,160
Cap Rate 7%
$158,686
Cap Rate 9%
$123,422
Alternative Uses
Best Use
Apartment 5plus
$158.7K
$138.9K – $185.1K
NOI $11,108 @ 7.0% cap · market cap 3.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$329.2K
$288.0K – $384.1K
NOI $23,043 @ 7.0% cap · market cap 7.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Short term rental property - Three bedrooms, each with a private bath, provide a practical layout for guest stays.
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 $325,000.
What are key features of this property?
This property features: Short‑term rentals are allowed; Three bedrooms and three full bathrooms, with an en‑suite bath in each bedroom; 1,800 square feet of ground‑level condo space
