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Waterfront Residential Income Condo
For Sale
$325,000

250 Grand Isle Drive, Hot Springs, AR 71913

Residential, Traditional, Hot Springs, AR

Property Size1,044 SF
Price / SF$311.30
Days on Market86

Property Features for 250 Grand Isle Drive

General Information

Property type Residential
Property subtype Duplex
Bedrooms 2
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 1, Laundry Room
Patio and Porch features Deck
Interior features Washer Connection, Dryer Connection-Electric
Exterior features Deck
Fireplace 1
Appliances Electric Range, Dishwasher, Disposal
Subdivision Moorings
Lot features Lake View
Elementary school Lakeside
Middle school Lakeside
High school Lakeside
Directions Take Central Ave towards 7 south, Turn left on Grand Isle Dr, Turn right into gate. Condo is building 3 straight ahead
Standard status Active
Size 1,044 SF

Taxes and HOA fees

Tax Description Block 000 Lot 003c Moorings HP
Tax Annual Amount 2233
HOA Fee $350 Monthly
Legal Description Block 000 Lot 003c Moorings HP

Amenities

private covered boat dock
gated complex

Building Details

Year built 1984
Floors in Building 1
Flooring type Tile, Vinyl
Roof type Composition
Architectural style Other
Listing Agency: McGraw Realtors - HSV
Listed By: Bethel Sanders
Added: Jul 11 Changed: Sep 26 Last Checked: Oct 4 at 11:06PM
MLS# 26028128

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 1,044-square-foot residential income property is a remodeled, ground-level condominium with two bedrooms and two bathrooms. The single-story layout eliminates stairs and centers on open living areas with broad water views. Interior improvements include vinyl and tile flooring, an electric range, dishwasher, disposal, and washer and electric dryer connections. A fireplace and deck add further functional and leisure space.

Built in 1984, the unit is located at 250 Grand Isle Drive in Hot Springs, Arkansas. The property is part of a gated complex and includes a private covered boat dock, providing dedicated access to the waterfront. The combination of a compact two-bedroom layout, updated interior, and lake-oriented setting supports use as a residential income asset.

Key Highlights

  • 1,044 SF remodeled waterfront condominium
  • Two‑bedroom, two‑bathroom single‑story layout
  • Ground‑level unit with no stairs

Property Analytics

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Current Use

The Moorings Hotel & Motel

Suggested Use

Top Pick Building Supply Dental Office Big Box & Wholesale Store Law Firm Kitchen & Bath Showroom Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Residential units

Location Intelligence

Trade Area within ½ mile

153
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Residential income property - Remodeled ground-level condo with covered boat dock, deck, and direct waterfront setting in a gated complex.
Where is this residential income property located?
The property is located at 250 Grand Isle 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: 1,044 SF remodeled waterfront condominium; Two‑bedroom, two‑bathroom single‑story layout; Ground‑level unit with no stairs
More about this property
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