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Renovated Residential Income Property
For Sale
$375,000

5371 Central Avenue, Hot Springs, AR 71913

CONDOS - Hot Springs, AR

Property Size1,200 SF
Price / SF$312.50
Days on Market13

Property Features for 5371 Central Avenue

General Information

Property type Residential
Property subtype Duplex
Bedrooms 2
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 2
Parking features Assigned
Interior features Wet Bar, Washer Connection, Dryer Connection-Electric, Breakfast Bar
Fireplace 1
Appliances Free-Standing Stove, Microwave, Electric Range, Dishwasher, Disposal
Subdivision EMERALD ISLE HPR
Lot features Level, Resort Property, Lake View
Directions South on Central Ave left into Emerald Isle
Standard status Active
Size 1,200 SF

Taxes and HOA fees

Tax Description STR: 31-03S-19W
Tax Annual Amount 2627
HOA Fee $275 Monthly
Legal Description STR: 31-03S-19W

Amenities

tennis courts
playground
clubhouse
gated entry

Building Details

Year built 1986
Flooring type Laminate
Listing Agency: McGraw Realtors - HS
Listed By: Karen Hudspeth · License #SA00086588
Added: Aug 3 Changed: Aug 13 Last Checked: Aug 14 at 11:06PM
MLS# 26032807

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 2-bedroom, 2-bath condominium provides approximately 1,200 square feet of renovated living space within the gated Emerald Isle community. The interior was comprehensively rebuilt with an open kitchen and living-area connection, granite countertops, a widened breakfast bar, pendant lighting, open shelving, laminate flooring, and an electric fireplace. Additional features include a wet bar, electric dryer connection, assigned parking, and a full appliance package with stove, microwave, electric range, dishwasher, and disposal.

Emerald Isle is located on Lake Hamilton and includes tennis courts, a playground, clubhouse, and gated entry. A boat dock is available through a yearly lease, with the current lease extending through April 2027. The property was built in 1986 and is located at 5371 Central Avenue in Hot Springs, Arkansas.

Key Highlights

  • Approximately 1,200 square feet with 2 bedrooms and 2 bathrooms
  • Comprehensively renovated interior with open kitchen and living‑area design
  • Gated Emerald Isle community on Lake Hamilton

Property Analytics

Current Use

Emerald Isle Resort Hotel & Motel

Suggested Use

Top Pick Dental Office Building Supply Law Firm Grocery & Convenience Store Big Box & Wholesale Store 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

330
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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Residential income property - Two-bedroom, two-bath condominium in a gated Lake Hamilton community with updated interiors and shared recreational amenities.
Where is this residential income property located?
The property is located at 5371 Central Avenue Hot Springs, AR.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Approximately 1,200 square feet with 2 bedrooms and 2 bathrooms; Comprehensively renovated interior with open kitchen and living‑area design; Gated Emerald Isle community on Lake Hamilton
More about this property
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