Waterfront Short-Term
New
For Sale
$279,999
9 Torre del Mar Way, Hot Springs Village, AR 71909
Residential, Traditional, Hot Springs Village, AR
Property Size1,656 SF
Lot Size0.04 Acres
Price / SF$169.08
Days on Market2
Property Features for 9 Torre del Mar Way
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 1, Laundry Room, Bathroom 2, Bedroom 3, Bathroom 1
Appliances
Microwave, Electric Range, Dishwasher, Disposal
Subdivision
Madrid Courts
Lot features
Lake Front, Waterfront
Directions
From the west gate, take DeSoto boulevard, then, a left onto Calella Road, then right on Santa MariaRoad, then a Right on the 2nd Madrid Way, then Left on Torre Del Mar. Home will be on your right!
Standard status
Active
Size
1,656 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Description
Lot 5, Block 1 Madrid Courts
Tax Annual Amount
1902
HOA Fee
$115 Monthly
Legal Description
Lot 5, Block 1 Madrid Courts
Utilities
Water front
1
Amenities
private dock
deck
lower patio
Building Details
Year built
1977
Floors in Building
2
Flooring type
Vinyl, Carpet, Tile
Roof type
Shingle
Architectural style
Other
Listing Agency:
LPT Realty · RE/MAX International
(501) 291-3841
Listed By:
Brandon Bruning
(501) 398-9830
Added: Oct 20
Last Checked: Oct 21 at 1:06AM
MLS# 26042272
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.
Set on Lake DeSoto, this furnished, three-bedroom end unit offers 1,656 square feet of interior space on a 0.04-acre lot. The main-level primary bedroom connects to the deck, while two additional bedrooms and a full bathroom occupy the lower level. A private dock, lower patio, and oversized laundry and storage room are also part of the property.
Kitchen improvements include granite countertops and new appliances. New LVP flooring and carpet are noted, and the furnishings, household items, linens, cookware, and kayak equipment are included. The property has a history of short-term rental use and comes with two kayaks.
Kitchen improvements include granite countertops and new appliances. New LVP flooring and carpet are noted, and the furnishings, household items, linens, cookware, and kayak equipment are included. The property has a history of short-term rental use and comes with two kayaks.
Key Highlights
- Three‑bedroom waterfront end unit with 1,656 square feet
- Private boat and swim dock on Lake DeSoto
- 0.04‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,219
Cap Rate
3.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$204,380
$204.4K
Cap Rate 7%
$145,986
$146.0K
Cap Rate 9%
$113,544
$113.5K
Market Conditions
NOI Build-Up for 1,656 SF
Gross rent
$19.9K $12.00/SF
− Vacancy
−$1.3K −$0.78/SF
EGI
$18.6K $11.22/SF
− OpEx
−$8.4K −$5.05/SF
NOI
$10.2K $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%
$204,380
Cap Rate 7%
$145,986
Cap Rate 9%
$113,544
Alternative Uses
Best Use
Apartment 5plus
$146.0K
$127.7K – $170.3K
NOI $10,219 @ 7.0% cap · market cap 3.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$302.8K
$265.0K – $353.3K
NOI $21,199 @ 7.0% cap · market cap 7.57%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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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Cap Rate, Value Estimation, Potential NOI and more
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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 - Furnished three-bedroom end unit with a private dock and direct access to Lake DeSoto.
Where is this short term rental property located?
The property is located at 9 Torre del Mar Way Hot Springs Village, AR.
What is the asking price?
The asking price for this property is $279,999.
What are key features of this property?
This property features: Three‑bedroom waterfront end unit with 1,656 square feet; Private boat and swim dock on Lake DeSoto; 0.04‑acre lot
