Lakefront Short-Term Rental
For Sale
$324,900
Hot Springs, AR 71913, Hot Springs, AR 71913
Residential, Traditional, Hot Springs, AR
Property Size1,554 SF
Price / SF$209.07
Days on Market353
Property Features
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 2, Bedroom 1, Laundry Room, Bathroom 2
Parking features
Assigned
Patio and Porch features
Patio
Interior features
Wet Bar, Washer Connection, Washer-Stays, Dryer Connection-Electric, Dryer-Stays, Water Heater-Electric, Ceiling Fan(s), Walk-in Shower, Breakfast Bar, Furnished, Kit Counter- Granite Slab
Exterior features
Patio, Outside Storage Area
Fireplace
1
Appliances
Microwave, Electric Range, Dishwasher, Refrigerator-Stays
Lot features
In Subdivision, Lake View
Subdivision
CENTRAL TERRACE CONDOMINIUMS HPR
Standard status
Active
Size
1,554 SF
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2621
HOA Fee
$175 Monthly
Utilities
Water front
1
Amenities
private balcony
Building Details
Year built
2007
Flooring type
Wood, Carpet, Tile
Roof type
Shingle
Architectural style
Other
Additional Structures
Storage
Listing Agency:
Hot Springs 1st Choice Realty
(501) 525-1600
Listed By:
David Ratcliffe · License #EB00086961
(501) 520-1501
Added: Oct 22, 2025
Changed: Oct 8
Last Checked: Oct 9 at 10:06AM
MLS# 25042340
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.
Set on Lake Hamilton, this furnished condominium offers 1,554 square feet with two bedrooms and two bathrooms. The open living area connects to a private balcony overlooking the water. Interior features include a granite-slab kitchen counter, breakfast bar, wet bar, fireplace, and washer and dryer. The unit was built in 2007 and has assigned parking and an outside storage area.
The property is in Hot Springs, approximately 10 minutes from Oaklawn Racing Casino Resort. It is currently operated as a short-term rental, with furnishings and kitchen appliances included.
The property is in Hot Springs, approximately 10 minutes from Oaklawn Racing Casino Resort. It is currently operated as a short-term rental, with furnishings and kitchen appliances included.
Key Highlights
- Lakefront condominium on Lake Hamilton with private balcony
- 1,554 square feet with 2 bedrooms and 2 bathrooms
- Furnished unit currently operating as a short‑term rental
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,590
Cap Rate
2.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$191,800
$191.8K
Cap Rate 7%
$137,000
$137.0K
Cap Rate 9%
$106,556
$106.6K
Market Conditions
NOI Build-Up for 1,554 SF
Gross rent
$18.6K $12.00/SF
− Vacancy
−$1.2K −$0.78/SF
EGI
$17.4K $11.22/SF
− OpEx
−$7.8K −$5.05/SF
NOI
$9.6K $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%
$191,800
Cap Rate 7%
$137,000
Cap Rate 9%
$106,556
Alternative Uses
Best Use
Apartment 5plus
$137.0K
$119.9K – $159.8K
NOI $9,590 @ 7.0% cap · market cap 2.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$284.2K
$248.7K – $331.6K
NOI $19,894 @ 7.0% cap · market cap 6.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
166
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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Short term rental property - Furnished two-bedroom residence with direct Lake Hamilton shoreline access and a private balcony.
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 $324,900.
What are key features of this property?
This property features: Lakefront condominium on Lake Hamilton with private balcony; 1,554 square feet with 2 bedrooms and 2 bathrooms; Furnished unit currently operating as a short‑term rental
