Furnished Short-Term Rental
For Sale
$249,000
203 Stearns Point, Hot Springs, AR 71913
Residential, Contemporary, Hot Springs, AR
Property Size1,134 SF
Price / SF$219.58
Days on Market96
Property Features for 203 Stearns Point
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Den, Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 1
Parking features
Assigned
Patio and Porch features
Deck, Porch
Interior features
Washer-Stays, Dryer-Stays, Window Treatments, Walk-in Shower, Breakfast Bar, Furnished
Exterior features
Deck, Porch, Inground Pool, Tennis Court, Enclosed Pool
Fireplace
1
Appliances
Microwave, Electric Range, Dishwasher
Subdivision
HAMILTON HARBOR HPR
Lot features
Sloped, Lake View
Directions
From HSBOR: Left on Ouachita, continue onto W. Grand Ave, left on Summer, right on Albert Pike, left on Airport Rd, right on Weston, keep left onto Stearns Pt.
Standard status
Active
Size
1,134 SF
Taxes and HOA fees
Tax Description
Hamilton Harbor HPR PhaseII F5
Tax Annual Amount
1409
HOA Fee
$259 Annually
Legal Description
Hamilton Harbor HPR PhaseII F5
Amenities
pool
basketball court
pickleball court
water access
Building Details
Year built
1983
Flooring type
Tile, Carpet
Roof type
Shingle
Architectural style
Contemporary
Listing Agency:
McGraw Realtors - HS
(501) 881-3331
Listed By:
Shay Ledbetter
(501) 690-6662
Added: Jul 20
Changed: Oct 20
Last Checked: Oct 23 at 3:06AM
MLS# 26034461
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 1,134-square-foot contemporary unit offers two bedrooms, two bathrooms, a den, and an updated interior. Furnishings remain in place, along with a washer, dryer, window treatments, breakfast bar, microwave, electric range, and dishwasher. A fireplace, deck, porch, walk-in shower, carpet, and tile flooring add to the existing configuration. Assigned parking is included.
The property is within a gated waterfront development with water access, an inground pool, and additional recreational amenities. The unit includes a short-term rental permit and is being offered fully furnished. Its Hot Springs setting is described as minutes from Oaklawn, downtown, and numerous restaurants.
The property is within a gated waterfront development with water access, an inground pool, and additional recreational amenities. The unit includes a short-term rental permit and is being offered fully furnished. Its Hot Springs setting is described as minutes from Oaklawn, downtown, and numerous restaurants.
Key Highlights
- 1,134‑square‑foot contemporary unit
- Two bedrooms, two bathrooms, and a den
- Short‑term rental permit included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,998
Cap Rate
2.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$139,960
$140.0K
Cap Rate 7%
$99,971
$100.0K
Cap Rate 9%
$77,756
$77.8K
Market Conditions
NOI Build-Up for 1,134 SF
Gross rent
$13.6K $12.00/SF
− Vacancy
−$885 −$0.78/SF
EGI
$12.7K $11.22/SF
− OpEx
−$5.7K −$5.05/SF
NOI
$7.0K $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%
$139,960
Cap Rate 7%
$99,971
Cap Rate 9%
$77,756
Alternative Uses
Best Use
Apartment 5plus
$100.0K
$87.5K – $116.6K
NOI $6,998 @ 7.0% cap · market cap 2.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$207.4K
$181.5K – $242.0K
NOI $14,517 @ 7.0% cap · market cap 5.83%
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
56
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
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Short term rental property - Furnished unit with water access, recreation amenities, and a short-term rental permit.
Where is this short term rental property located?
The property is located at 203 Stearns Point Hot Springs, AR.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: 1,134‑square‑foot contemporary unit; Two bedrooms, two bathrooms, and a den; Short‑term rental permit included
