Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Lot in Edgemont, AR Title is generated by Realmo AI

    TRACT 2 Waters Edge Drive, Edgemont, AR 72044

    View on Map
    Claim this Listing
    For Sale
    $55,000

    LAND - Edgemont, AR

    Lot size:
    1.60 Acres
    Added:
    Apr 29, 2026
    Days on Market:
    24
    Last Refresh:
    May 22 at 3:06 am

    Property Features for TRACT 2 Waters Edge Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    1.60 Acres

    Taxes and HOA fees

    Tax Description
    TRACT #2, 1-11-11
    Tax Annual Amount
    9999999999

    Utilities

    Water front
    1

    We can help!

    Listing Contact
    Butch Donham

    Listing agent Butch Donham

    Listing office Donham Realty 8475 Edgemont Rd, Greers Ferry, AR

    Listing date Apr 29, 2026

    MLS# 26017098 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

    • Desirable neighborhood location suitable for building a home
    • Close proximity to Greers Ferry and Fairfield Bay
    • Super quiet area
    • Convenient access to ATV, hiking, and mountain biking trails
    • Boat ramp access at Devils Fork Park
    • Great lot for building

    Overview

    This 1.6-acre lot is located in a desirable, quiet neighborhood in Edgemont, Arkansas. Situated on Watersedge Drive, the property is conveniently located near the town of Greers Ferry and Fairfield Bay. The area offers access to ATV trails, hiking, and mountain biking. A boat ramp is located at Devils Fork Park. This lot is suitable for building a home.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Hotel & Motel Department Store Bed & Breakfast

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Edgemont
    County
    Cleburne
    State
    Arkansas
    Longitude
    -92.204302
    Latitude
    35.612446

    Nearby Similar for Sale

    • $135,000

      Lakefront Lot in Mystic Isle

      0.57 acre lakefront lot with lake views.
      Valhalla Drive lot: 51, Edgemont, AR 72044
      View Details
    • $399,500

      115 Acres of Arkansas Land

      Rugged land near Greers Ferry Lake, ideal for hunting.
      Old Brewer Rd, Edgemont, AR 72044
      View Details
    • $142,500

      Land Near Greers Ferry Lake

      Unrestricted 10.82 acres near Greers Ferry Lake.
      The Bluffs, Edgemont, AR 72088
      View Details
    • $75,000

      Land Near Greers Ferry Lake

      3+ acre lot near lake, ideal for building a house.
      215 Watersedge Drive, Edgemont, AR 72044
      View Details
    • $399,999

      Ozark Mountain Seclusion Land

      Secluded Ozark Mountain land with creeks and mature forests.
      Old Brewer Road N, Edgemont, AR 72044
      View Details
    • $49,900

      Greers Ferry Lake Waterfront Land

      Lakefront lot on Greers Ferry Lake in the Ozarks.
      Lower Ridge Circle lot: 66, Edgemont, AR 72044
      View Details
    • $119,000

      Lakefront Lot in Edgemont, AR

      Lakefront lot with utilities ready for your vision!
      Valhalla Drive, Edgemont, AR 72067
      View Details
    • $55,000

      Residential Lot in Edgemont, AR

      1.6 acre lot in quiet, desirable Edgemont neighborhood.
      TRACT 1 Watersedge Drive, Edgemont, AR 72044
      View Details
    • $50,000

      Waterfront Land in Edgemont, AR

      Lakefront lot with great views and easy water access.
      Tract 14 Weldon Rd., Edgemont, AR 72044
      View Details
    • $89,900

      Greers Ferry Lake Waterfront Land

      1.5-acre waterfront land with lake views in Edgemont, Arkansas.
      301 Watersedge Drive, Edgemont, AR 72044
      View Details
    • $449,650

      Land in Cleburne County

      Land for sale in Edgemont, Arkansas.
      000 Old Brewer Rd, Edgemont, AR 72044
      View Details
    • $50,000

      Land with Lake Views

      Land available in Edgemont, Arkansas, with fantastic lake views.
      DONHAM Drive lot: 6, Edgemont, AR 72044
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 1.6 acre lot in quiet, desirable Edgemont neighborhood.
    Where is this residential land & home lot located?
    The property is located at TRACT 2 Waters Edge Drive Edgemont, AR.
    What is the asking price?
    The asking price for this property is $55,000.
    What are key features of this property?
    This property features: Desirable neighborhood location suitable for building a home; Close proximity to Greers Ferry and Fairfield Bay; Super quiet area
    (501) 250-5842
    We can help!
    Listing Contact
    Butch Donham
    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
    TRACT 2 Waters Edge Drive, Edgemont, AR 72044
    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!