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Residential Income Condo with Lake Views
For Sale
$320,000

5371 Central Avenue Unit 6L, Hot Springs, AR 71913

Updated and fully furnished condo offering lake views, a private patio, and an HOA that now allows short-term rentals.

Property Size1,200 SF
Days on Market26

Property Features for 5371 Central Avenue Unit 6L

General Information

Standard status Active
Size 1,200 SF
Property subtype Condo/Townhse/Duplex/Apt

Additional Details

Furnished Yes
Multifamily Units 1

Amenities

tennis
mini golf
private beach
basketball
dog run
grill area
pool
hot tub
private peninsula

Building Details

Building Size 1,200 SF
Year Built 1986
Listing Agency: White Stone Real Estate
Listed By: Amanda Sullivan
Source: Whitestonearkansas
Added: Jul 13 Changed: Jul 31 Last Checked: Aug 7 at 12:52AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of White Stone Real Estate

Investment Insights

Based on property information with market context.

This updated residential income condo at Emerald Isle offers lake views from the bedroom and living space, with sunset enjoyment from a private patio. The unit is fully renovated and comes fully furnished, designed for immediate occupancy.

Emerald Isle amenities include a private peninsula with tennis, mini golf, a private beach, and basketball, plus an updated pool and hot tub area. Additional outdoor entertainment space includes a dog run and grill area. The HOA now allows short-term rentals, expanding use options for an owner or investor. A boat dock is also available for separate purchase.

Built in 1986, this condo is positioned for buyers looking for a turnkey, view-focused property within a community offering a wide range of on-site amenities.

Key Highlights

  • Lake views from the bedroom
  • Private patio for sunset on the water
  • Fully renovated and fully furnished condo

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

176
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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Residential income property - Updated and fully furnished condo offering lake views, a private patio, and an HOA that now allows short-term rentals.
Where is this residential income property located?
The property is located at 5371 Central Avenue Unit 6L Hot Springs, AR.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Lake views from the bedroom; Private patio for sunset on the water; Fully renovated and fully furnished condo
More about this property
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