Lakefront Residential
For Sale
$229,900
2315 LAKESHORE Drive, Hot Springs, AR 71913
Residential, Hot Springs, AR
Property Size1,420 SF
Price / SF$161.90
Days on Market154
Property Features for 2315 LAKESHORE Drive
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Laundry Room, Bedroom 2, Bathroom 2, Bathroom 1
Parking features
Carport
Patio and Porch features
Deck
Interior features
Wet Bar, Washer Connection, Washer-Stays, Dryer Connection-Electric, Dryer-Stays, Water Heater-Electric, Whirlpool/Hot Tub/Spa, Smoke Detector(s), Ceiling Fan(s), Walk-in Shower, Breakfast Bar
Exterior features
Deck, Outside Storage Area, Inground Pool, Guttering
Fireplace
1
Appliances
Microwave, Electric Range, Dishwasher, Disposal, Refrigerator-Stays
Subdivision
Spring Bay HPR Phase I
Lot features
Resort Property, In Subdivision
Elementary school
Hot Springs
Middle school
Hot Springs
High school
Hot Springs
Directions
SOUTH ON CENTRAL (7 SOUTH) RIGHT MLK EXPRESSWAY LEFT AIRPORT ROAD LEFT ON LAKESHORE 2ND ENTRANCE SPRING BAY COMPLEX
Standard status
Active
Size
1,420 SF
Taxes and HOA fees
Tax Year
2026
Tax Description
S 14- T03S-R 20W-SPRING BAY HP
Tax Annual Amount
1443
HOA Fee
$312 Monthly
Legal Description
S 14- T03S-R 20W-SPRING BAY HP
Utilities
Water front
1
Amenities
pool
Building Details
Year built
1980
Floors in Building
1
Flooring type
Tile, Carpet
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
Trademark Real Estate, Inc.
(501) 318-3200
Listed By:
George Dooley
(501) 282-0543
Added: May 5
Changed: Oct 5
Last Checked: Oct 5 at 12:06PM
MLS# 26017970
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 1,420-square-foot condo in Hot Springs has two bedrooms and two bathrooms. The open living area includes a wood-burning fireplace and wet bar, with access to a deck beside a flowing creek. The kitchen has updated appliances, and the unit includes a washer and dryer.
The property is described as lakefront on Lake Hamilton. Community features include an inground pool, two assigned covered parking spaces, and a separate storage area. Nightly rentals are not allowed in the community.
The property is described as lakefront on Lake Hamilton. Community features include an inground pool, two assigned covered parking spaces, and a separate storage area. Nightly rentals are not allowed in the community.
Key Highlights
- Lakefront condo on Lake Hamilton beside a flowing creek
- 1,420 square feet with 2 bedrooms and 2 bathrooms
- Deck, wood‑burning fireplace, and wet bar
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,763
Cap Rate
3.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$175,260
$175.3K
Cap Rate 7%
$125,186
$125.2K
Cap Rate 9%
$97,367
$97.4K
Market Conditions
NOI Build-Up for 1,420 SF
Gross rent
$17.0K $12.00/SF
− Vacancy
−$1.1K −$0.78/SF
EGI
$15.9K $11.22/SF
− OpEx
−$7.2K −$5.05/SF
NOI
$8.8K $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%
$175,260
Cap Rate 7%
$125,186
Cap Rate 9%
$97,367
Alternative Uses
Best Use
Apartment 5plus
$125.2K
$109.5K – $146.1K
NOI $8,763 @ 7.0% cap · market cap 3.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$259.7K
$227.2K – $303.0K
NOI $18,178 @ 7.0% cap · market cap 7.91%
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
169
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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Frequently Asked Questions
What type of property is this?
Residential income property - The two-bedroom, two-bath layout includes a wood-burning fireplace, wet bar, and deck beside flowing water.
Where is this residential income property located?
The property is located at 2315 LAKESHORE Drive Hot Springs, AR.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: Lakefront condo on Lake Hamilton beside a flowing creek; 1,420 square feet with 2 bedrooms and 2 bathrooms; Deck, wood‑burning fireplace, and wet bar
