Updated Studio Income
For Sale
$40,000
3002 Summerhill Place, Fairfield Bay, AR 72088
Residential, Studio Home, Fairfield Bay, AR
Property Size480 SF
Price / SF$83.33
Days on Market459
Property Features for 3002 Summerhill Place
General Information
Property type
Residential
Property subtype
Duplex
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking features
Assigned
Patio and Porch features
Deck
Interior features
Water Heater-Electric, Window Treatments, Kit Counter-Formica
Exterior features
Deck
Appliances
Free-Standing Stove, Microwave, Electric Range, Refrigerator-Stays
Subdivision
SUMMERHILL PLACE CONDOS
Lot features
Level, Resort Property, Wooded, Extra Landscaping, In Subdivision, River/ Lake Area
Directions
From Dave Creek Parkway, turn onto Lost Creek Parkway. Turn Right at Woodhaven. Continue to Summerhill Place and turn Left into complex. #3002 is in the first building on the Left, lower level.
Standard status
Active
Size
480 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
Unit 2/B-1, Summerhill Place
Tax Annual Amount
198
HOA Fee
$98 Monthly
Legal Description
Unit 2/B-1, Summerhill Place
Amenities
rear deck
Building Details
Year built
1985
Floors in Building
1
Flooring type
Tile, Vinyl
Roof type
Shingle
Architectural style
Other
Listing Agency:
Goodwin & Herman Associates Branch of Arkansas Mountain Real Estate
(501) 884-4885
Listed By:
Willena Herman
(501) 253-1419
Added: Jul 5, 2025
Changed: Oct 5
Last Checked: Oct 6 at 7:06AM
MLS# 25026457
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 480-square-foot studio residence was built in 1985 and is on the ground level. Recent improvements include LVP and tile flooring, updated ceiling lights, and a renovated bathroom with a new tub and shower surround and toilet. The kitchen has a new refrigerator, stove and cabinet, along with a deep stainless steel sink. A microwave is also included.
Key Highlights
- 480‑square‑foot studio residence
- Ground‑level unit with assigned parking directly outside
- Kitchen improvements include a new refrigerator, stove, cabinet and deep stainless steel sink
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
127
Businesses Nearby
Explore this area
Business Placement
Demographics for 72088, AR
2,148
Population
2,090
Households
1
Avg Household Size
65
Median Age
31%
College-Educated
95%
High-School Grad
14.5 sq mi
ZIP Area
148
Density / Sq Mi
$54,508
Median Household Income
$28,272
Median Earnings
$888
Median Rent
$157,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Ground-level studio features refreshed flooring, kitchen and bathroom finishes, plus an assigned parking space.
Where is this residential income property located?
The property is located at 3002 Summerhill Place Fairfield Bay, AR.
What is the asking price?
The asking price for this property is $40,000.
What are key features of this property?
This property features: 480‑square‑foot studio residence; Ground‑level unit with assigned parking directly outside; Kitchen improvements include a new refrigerator, stove, cabinet and deep stainless steel sink
