Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Fairfield Bay Land Opportunity Title is generated by Realmo AI

    Chelsea Court lot 23-24, Fairfield Bay, AR 72088

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Fairfield Bay, AR

    Lot size:
    0.60 Acres
    Added:
    Oct 30, 2025
    Days on Market:
    205
    Last Refresh:
    May 22 at 9:06 am

    Property Features for Chelsea Court lot 23-24

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    4050-02023-0000
    Lot size
    0.60 Acres

    Taxes and HOA fees

    Tax Description
    Parcel# 4050-02023-0000,Lot 23
    Tax Annual Amount
    38

    We can help!

    Listing Contact
    Kristie Morrison

    Listing agent Kristie Morrison License #SA00083268

    Listing office Re/Max Real Estate Results 3103 SE Moberly Lane P. O. Box 2549, Bentonville,, AR

    Listing date Oct 30, 2025

    MLS# 25043507 Listing URL

    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.

    HighLights

    • Spacious .60 (+/-) acre lot provides ample space for building.
    • Close proximity to Greers Ferry Lake offers recreational opportunities.
    • Access to Mountain Ranch Golf Club and tennis courts caters to active lifestyles.
    • Conveniently located near local amenities.
    • Owner financing available provides flexible payment options.
    • Fairfield Bay location offers a desirable community setting.

    Overview

    This .60 (+/-) acre lot is located in Fairfield Bay, Arkansas. The property is near Greers Ferry Lake, marinas, Mountain Ranch Golf Club, tennis courts, and other local amenities. Please note that mobile homes are not allowed on this lot. The property is located on Chelsea Court.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Fairfield Bay
    County
    Van Buren
    State
    Arkansas
    Longitude
    -92.26979
    Latitude
    35.604078

    Nearby Similar for Sale

    • $225,000
      4,390 SF

      Fairfield Bay Commercial Building

      Commercial building with drive-through doors in Fairfield Bay, Arkansas.
      106 Pine Grove, Fairfield Bay, AR 72088
      View Details
    • $225,000
      2,040 SF

      Versatile Building and Land

      Adaptable building on approximately one acre near Hwy 16.
      15158 E Highway 16, Fairfield Bay, AR 72031
      View Details
    • $20,000
      57,935 SF

      Fairfield Bay Land Opportunity

      Prime 1.33-acre lot near Fairfield Bay's Village Center.
      000 Dave Creek Pkwy, Fairfield Bay, AR 72088
      View Details
    • $300,000

      Fairfield Bay Land with Lake View

      1.53-acre lot with lake views and beach access.
      133 Sunrise Circle, Fairfield Bay, AR 72088
      View Details
    • $975,000

      Lakefront Land in Fairfield Bay

      3.84 acres of lakefront land with development potential.
      Wilshire Road, Fairfield Bay, AR 72088
      View Details
    • $44,950

      Fairfield Bay Land Opportunity

      0.86 acre lot near Indian Hills Golf Resort.
      Woodlawn Drive lot: 335-336, Fairfield Bay, AR 72088
      View Details
    • $39,500

      Fairfield Bay Land Near Lake

      0.58 acre lot near Greers Ferry Lake.
      Lakeside Drive lot: 607-608, Fairfield Bay, AR 72088
      View Details
    • $22,500

      Fairfield Bay Land For Sale

      Spacious 0.60 acre lot near Greers Ferry Lake.
      Chelsea Court lot: 23-24, Fairfield Bay, AR 72088
      View Details
    • $15,000

      Fairfield Bay Wooded Lot

      Wooded lot in Fairfield Bay, near Greers Ferry Lake.
      Castle Ridge Heights lot: 112, Fairfield Bay, AR 72088
      View Details
    • $225,000

      Lakefront Lot in Fairfield Bay

      Premium lakefront lot with gentle slope and unobstructed views.
      Tract 1 The Preserve At The Bay, Fairfield Bay, AR 72088
      View Details
    • $255,000

      Lakefront Lot in Fairfield Bay

      Premium lakefront lot with water views in upscale neighborhood.
      Tract 3 The Preserve At The Bay, Fairfield Bay, AR 72088
      View Details
    • $5,000

      Golf Course Access Land

      Residential lot with direct golf course access in Fairfield Bay.
      Crest Drive lot: 030, Fairfield Bay, AR 72088
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Spacious lot near Greers Ferry Lake and local amenities.
    Where is this residential land & home lot located?
    The property is located at Chelsea Court lot 23-24 Fairfield Bay, AR.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Spacious .60 (+/-) acre lot provides ample space for building.; Close proximity to Greers Ferry Lake offers recreational opportunities.; Access to Mountain Ranch Golf Club and tennis courts caters to active lifestyles.
    (479) 366-4473
    We can help!
    Listing Contact
    Kristie Morrison
    Real Estate License ID: SA00083268
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Chelsea Court lot: 23-24, Fairfield Bay, AR 72088
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!