Furnished Short-Term Rental
For Sale
$210,000
321 Peters Point, Hot Springs, AR 71913
Residential, Hot Springs, AR
Property Size1,008 SF
Price / SF$208.33
Days on Market224
Property Features for 321 Peters Point
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 1
Interior features
Washer-Stays, Dryer-Stays, Water Heater-Electric, Smoke Detector(s), Walk-in Shower, Breakfast Bar
Subdivision
Moonlight Cove Vill
Directions
Stay on Central Avenue/Hwy 7 heading toward Lake Hamilton/Arkadelphia. Turn right onto Peters Point Road. Continue straight until you come to stop sign. Turn Left at stop sign. Immediately turn right into the first driveway/condo entrance
Standard status
Active
Size
1,008 SF
Taxes and HOA fees
Tax Description
Block/Lot: 00j/001
Tax Annual Amount
1411
HOA Fee
$170 Annually
Legal Description
Block/Lot: 00j/001
Utilities
Water front
1
Amenities
pool
private patio
Building Details
Year built
2005
Floors in Building
1
Listing Agency:
McGraw Realtors - HS
(501) 881-3331
Listed By:
Chan Garner
(713) 205-3138
Added: Mar 16
Changed: Oct 20
Last Checked: Oct 25 at 2:06PM
MLS# 26011180
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 1,008-square-foot condominium at Peters Point on Lake Hamilton offers a single-story, walk-out-level layout with 2 bedrooms and 2 bathrooms. The ground-floor position provides stair-free entry, while the private patio overlooks the pool and connects the unit to the surrounding lake setting. Interior features include a breakfast bar, walk-in shower, electric water heater, smoke detectors, washer, dryer, and refrigerator.
Built in 2005, the condo is sold furnished and has operated as a short-term rental. Its Hot Springs location places it near Lake Hamilton attractions, including fireworks shows, boat-accessible restaurants, the mall, and shopping destinations. The property can serve as a furnished lake retreat, full-time residence, or short-term rental.
Built in 2005, the condo is sold furnished and has operated as a short-term rental. Its Hot Springs location places it near Lake Hamilton attractions, including fireworks shows, boat-accessible restaurants, the mall, and shopping destinations. The property can serve as a furnished lake retreat, full-time residence, or short-term rental.
Key Highlights
- 1,008‑square‑foot condo at Peters Point on Lake Hamilton
- 2‑bedroom, 2‑bath single‑story walk‑out‑level layout
- Ground‑floor access with no stairs to climb
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,220
Cap Rate
2.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$124,400
$124.4K
Cap Rate 7%
$88,857
$88.9K
Cap Rate 9%
$69,111
$69.1K
Market Conditions
NOI Build-Up for 1,008 SF
Gross rent
$12.1K $12.00/SF
− Vacancy
−$786 −$0.78/SF
EGI
$11.3K $11.22/SF
− OpEx
−$5.1K −$5.05/SF
NOI
$6.2K $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%
$124,400
Cap Rate 7%
$88,857
Cap Rate 9%
$69,111
Alternative Uses
Best Use
Apartment 5plus
$88.9K
$77.8K – $103.7K
NOI $6,220 @ 7.0% cap · market cap 2.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$184.3K
$161.3K – $215.1K
NOI $12,904 @ 7.0% cap · market cap 6.14%
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
183
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 - Ground-level condo with a private patio, furnishings, and convenient access to Lake Hamilton.
Where is this short term rental property located?
The property is located at 321 Peters Point Hot Springs, AR.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: 1,008‑square‑foot condo at Peters Point on Lake Hamilton; 2‑bedroom, 2‑bath single‑story walk‑out‑level layout; Ground‑floor access with no stairs to climb
