Lakefront Short-Term Rental
For Sale
$125,000
Hot Springs, AR 71913, Hot Springs, AR 71913
Residential, Hot Springs, AR
Property Size668 SF
Lot Size668.00 Acres
Price / SF$187.13
Days on Market179
Property Features
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
1
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 1, Bathroom 1
Lot features
Lake View, Lake Front
Subdivision
BEACON MANOR HPR
Standard status
Active
Size
668 SF
Lot size
668.00 Acres
Taxes and HOA fees
Tax Annual Amount
100
HOA Fee
$208 Monthly
Utilities
Water front
1
Amenities
pool
pickleball and basketball courts
reservable common rooms
game room
commercial laundry facility
outdoor grilling areas
trash chute
backup generator
Building Details
Year built
1963
Flooring type
Carpet
Listing Agency:
Keller Williams Realty Hot Springs
(501) 907-5959
Listed By:
Cassie Conley
(501) 418-3423
Added: Apr 14
Changed: Oct 8
Last Checked: Oct 9 at 12:06PM
MLS# 26015567
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 668-square-foot, one-bedroom, one-bathroom condominium was built in 1963 and is being offered in as-is condition. The unit needs updates, including some appliances, and must meet current city requirements for its balcony and HVAC configuration. One covered parking space is assigned, with additional guest parking available.
Beacon Manor Condominiums sits on Lake Hamilton in Hot Springs. The property includes a boat slip, swimming pool, pickleball and basketball courts, reservable common rooms, a game room, commercial laundry facilities, and outdoor grilling areas. Building features include passenger and freight elevators, a trash chute, and a backup generator. Short-term rental use is approved with a three-night minimum.
Beacon Manor Condominiums sits on Lake Hamilton in Hot Springs. The property includes a boat slip, swimming pool, pickleball and basketball courts, reservable common rooms, a game room, commercial laundry facilities, and outdoor grilling areas. Building features include passenger and freight elevators, a trash chute, and a backup generator. Short-term rental use is approved with a three-night minimum.
Key Highlights
- 668‑square‑foot condo with one bedroom and one bathroom
- Lake Hamilton frontage with an included boat slip
- Approved for short‑term rentals with a three‑night minimum
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$4,122
Cap Rate
3.30%
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 3.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$122.2K
$106.9K – $142.5K
NOI $8,551 @ 7.0% cap · market cap 6.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
186
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - An included boat slip and shared recreation facilities complement this waterfront unit.
Where is this short term rental property located?
The property is located at Hot Springs, AR.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: 668‑square‑foot condo with one bedroom and one bathroom; Lake Hamilton frontage with an included boat slip; Approved for short‑term rentals with a three‑night minimum
