Waterfront Short-Term Rental
For Sale
$244,900
5 Torre Del Mar Way, Hot Springs Village, AR 71909
Residential, Craftsman, Townhouse, Hot Springs Village, AR
Property Size1,636 SF
Lot Size0.03 Acres
Price / SF$149.69
Days on Market48
Property Features for 5 Torre Del Mar Way
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 1, Bathroom 1
Patio and Porch features
Deck, Patio
Interior features
Washer Connection, Dryer Connection-Electric, Ceiling Fan(s)
Exterior features
Patio, Deck, Guttering
Appliances
Electric Range, Dishwasher
Subdivision
Madrid Courts
Lot features
In Subdivision, Lake Front, Common to Lake, Waterfront
Elementary school
Jessieville
Middle school
Jessieville
High school
Jessieville
Directions
DeSoto Blvd - North on Callela, Right on Santa Maria Rd, Right on Madrid Way, Right on Torre Del Mar Way
Standard status
Active
Size
1,636 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot3 Block 1 Madrid Courts#1
Tax Annual Amount
1341
HOA Fee
$116 Monthly
Legal Description
Lot3 Block 1 Madrid Courts#1
Utilities
Water front features
Lake
Water front
1
Amenities
lakefront access
deck
Building Details
Year built
1977
Flooring type
Vinyl, Carpet
Roof type
Composition, Shingle
Architectural style
Other, Craftsman
Listing Agency:
McGraw Realtors - HSV
(501) 922-0707
Listed By:
Rick Marshall
(501) 601-7425
Added: Sep 1
Changed: Oct 18
Last Checked: Oct 18 at 4:06AM
MLS# 26035617
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 Craftsman townhome offers 1,636 square feet with three bedrooms, two bathrooms, and an oversized laundry, storage, and owner’s room. The residence includes a patio, rear deck, electric range, dishwasher, washer and dryer connections, ceiling fans, carpet, and vinyl flooring. A shingle and composition roof was replaced within the last year, and the home was built in 1977.
The property fronts Lake DeSoto in Hot Springs Village, providing lake access from the rear of the home and the option to install a private dock. The 200-acre recreational lake includes a beach, Waypoint Marina, boat launch, and walking trails. Hot Springs Village also offers 11 lakes, 9 golf courses, tennis, pickleball, pools, fitness facilities, and more than 20 miles of walking trails.
The property fronts Lake DeSoto in Hot Springs Village, providing lake access from the rear of the home and the option to install a private dock. The 200-acre recreational lake includes a beach, Waypoint Marina, boat launch, and walking trails. Hot Springs Village also offers 11 lakes, 9 golf courses, tennis, pickleball, pools, fitness facilities, and more than 20 miles of walking trails.
Key Highlights
- Waterfront townhome on Lake DeSoto with rear access to the lake
- 1,636 square feet with 3 bedrooms and 2 bathrooms
- Oversized laundry, storage, and owner’s room in addition to the 3 bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,096
Cap Rate
4.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$201,920
$201.9K
Cap Rate 7%
$144,229
$144.2K
Cap Rate 9%
$112,178
$112.2K
Market Conditions
NOI Build-Up for 1,636 SF
Gross rent
$19.6K $12.00/SF
− Vacancy
−$1.3K −$0.78/SF
EGI
$18.4K $11.22/SF
− OpEx
−$8.3K −$5.05/SF
NOI
$10.1K $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%
$201,920
Cap Rate 7%
$144,229
Cap Rate 9%
$112,178
Alternative Uses
Best Use
Apartment 5plus
$144.2K
$126.2K – $168.3K
NOI $10,096 @ 7.0% cap · market cap 4.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$299.2K
$261.8K – $349.1K
NOI $20,943 @ 7.0% cap · market cap 8.55%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
76
Businesses Nearby
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Business Placement
Demographics for 71909, AR
17,935
Population
10,563
Households
1.7
Avg Household Size
67
Median Age
33%
College-Educated
97%
High-School Grad
79.3 sq mi
ZIP Area
226
Density / Sq Mi
$69,171
Median Household Income
$31,165
Median Earnings
$1,143
Median Rent
$255,600
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 - Lakefront positioning, a rear deck, and an oversized storage room support flexible recreational use.
Where is this short term rental property located?
The property is located at 5 Torre Del Mar Way Hot Springs Village, AR.
What is the asking price?
The asking price for this property is $244,900.
What are key features of this property?
This property features: Waterfront townhome on Lake DeSoto with rear access to the lake; 1,636 square feet with 3 bedrooms and 2 bathrooms; Oversized laundry, storage, and owner’s room in addition to the 3 bedrooms
