Lake-View Short-Term Rental
New
For Sale
$140,000
740 Weston Rd, Hot Springs, AR 71913
Residential, Contemporary, Hot Springs, AR
Property Size668 SF
Price / SF$209.58
Days on Market2
Property Features for 740 Weston Rd
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
1
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 1, Bathroom 1
Parking features
Assigned, Carport
Exterior features
Inground Pool, Tennis Court
Appliances
Electric Range, Dishwasher, Refrigerator-Stays
Subdivision
BEACON MANOR HPR
Lot features
Resort Property, Lake Front
Directions
From the bypass, take Airport Road take right on Weston Road, First left into Beacon Manor.
Standard status
Active
APN
400-03750-013-000
Size
668 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
BEACON MANOR HPR 205A
Tax Annual Amount
881
HOA Fee
$188 Monthly
Legal Description
BEACON MANOR HPR 205A
Utilities
Water front
1
Amenities
lakeside swimming pool
tennis courts
pickleball courts
gated access
Building Details
Year built
1963
Floors in Building
1
Flooring type
Carpet
Roof type
Tile
Architectural style
Contemporary
Listing Agency:
Capital Sotheby's International Realty
(501) 551-0207
Listed By:
Bryan Pitts
(501) 554-6880
Added: Oct 24
Last Checked: Oct 25 at 1:06PM
MLS# 26042953
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 668-square-foot, one-bedroom, one-bath condominium was built in 1963 and has a refreshed kitchen, living and dining areas, carpet flooring, and lake views. An assigned covered parking space serves the unit. Nightly rentals are permitted, and the property is located within a gated community overlooking Lake Hamilton.
Community features include tennis and pickleball courts. The lakeside pool is closed for repairs. Oaklawn Racing Casino Resort, shopping, dining, and entertainment are nearby. The POA has a 15-day first right of refusal.
Community features include tennis and pickleball courts. The lakeside pool is closed for repairs. Oaklawn Racing Casino Resort, shopping, dining, and entertainment are nearby. The POA has a 15-day first right of refusal.
Key Highlights
- 668‑square‑foot condo with one bedroom and one bathroom
- Nightly rentals permitted
- Lake views in a gated community overlooking Lake Hamilton
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$4,122
Cap Rate
2.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$82,440
$82.4K
Cap Rate 7%
$58,886
$58.9K
Cap Rate 9%
$45,800
$45.8K
Market Conditions
NOI Build-Up for 668 SF
Gross rent
$8.0K $12.00/SF
− Vacancy
−$521 −$0.78/SF
EGI
$7.5K $11.22/SF
− OpEx
−$3.4K −$5.05/SF
NOI
$4.1K $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%
$82,440
Cap Rate 7%
$58,886
Cap Rate 9%
$45,800
Alternative Uses
Best Use
Apartment 5plus
$58.9K
$51.5K – $68.7K
NOI $4,122 @ 7.0% cap · market cap 2.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$122.2K
$106.9K – $142.5K
NOI $8,551 @ 7.0% cap · market cap 6.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
186
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 - Nightly rentals are permitted in this gated Lake Hamilton community, with an assigned covered parking space.
Where is this short term rental property located?
The property is located at 740 Weston Rd Hot Springs, AR.
What is the asking price?
The asking price for this property is $140,000.
What are key features of this property?
This property features: 668‑square‑foot condo with one bedroom and one bathroom; Nightly rentals permitted; Lake views in a gated community overlooking Lake Hamilton
