Lakefront Residential Income
225 Lookout Point, Hot Springs, AR 71913
For Sale
$329,000
Residential, Contemporary, Hot Springs, AR
Property Size1,520 SF
Price / SF$216.45
Days on Market131
Property Features for 225 Lookout Point
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Patio and Porch features
Interior features
Exterior features
Fireplace
Appliances
Subdivision
Lot features
Directions
Standard status
Size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
HOA Fee
Legal Description
Utilities
Water front
Amenities
pool
covered parking
gated community
Building Details
Year built
Flooring type
Architectural style
Listing Agency:
McGraw Realtors - HS
(501) 881-3331
Listed By:
Karen Hudspeth · License #SA00086588
(870) 344-0123
Added: Jul 2
Changed: Nov 3
Last Checked: Nov 9 at 9:06AM
MLS# 26026716
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 contemporary lakefront condo offers 1,520 square feet with two bedrooms, two bathrooms, and a practical residential layout. Interior updates include new flooring and granite countertops, while the unit also features a wet bar, fireplace, deck, electric range, dishwasher, disposal, and refrigerator. The washer, dryer, and new ice machine remain with the property.
Located on Lake Hamilton in Hot Springs, the condo is within a gated community with a pool and covered carport parking. The property is near Oaklawn Racing Casino Resort, downtown Hot Springs, dining, shopping, and entertainment. Rentals have a 30-day minimum, supporting use as either a full-time residence or a lake-oriented residential income property.
Located on Lake Hamilton in Hot Springs, the condo is within a gated community with a pool and covered carport parking. The property is near Oaklawn Racing Casino Resort, downtown Hot Springs, dining, shopping, and entertainment. Rentals have a 30-day minimum, supporting use as either a full-time residence or a lake-oriented residential income property.
Key Highlights
- Lakefront condo on Lake Hamilton in Hot Springs
- Approximately 1,520 sqft with 2 bedrooms and 2 baths
- Gated community with pool and covered carport parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,380
Cap Rate
2.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$187,600
$187.6K
Cap Rate 7%
$134,000
$134.0K
Cap Rate 9%
$104,222
$104.2K
Market Conditions
NOI Build-Up for 1,520 SF
Gross rent
$18.2K $12.00/SF
− Vacancy
−$1.2K −$0.78/SF
EGI
$17.1K $11.22/SF
− OpEx
−$7.7K −$5.05/SF
NOI
$9.4K $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%
$187,600
Cap Rate 7%
$134,000
Cap Rate 9%
$104,222
Alternative Uses
Best Use
Apartment 5plus
$134.0K
$117.3K – $156.3K
NOI $9,380 @ 7.0% cap · market cap 2.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$278.0K
$243.2K – $324.3K
NOI $19,458 @ 7.0% cap · market cap 5.91%
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
86
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 condo with lake frontage, gated-community amenities, and covered carport parking.
Where is this residential income property located?
The property is located at 225 Lookout Point Hot Springs, AR.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Lakefront condo on Lake Hamilton in Hot Springs; Approximately 1,520 sqft with 2 bedrooms and 2 baths; Gated community with pool and covered carport parking
