Marshall Ashford

352 Lakeland Drive, Hot Springs, AR 71913

$1,500,000.00
  • 352 Lakeland Drive, Hot Springs, AR 71913 Main Photo

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New to the Market Active
BEDS0 BATHS MLS#155776
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONClifton Lake Ad SCHOOLHot Springs

Property Description

Discover an exceptional income-producing property on the shores of beautiful Lake Hamilton. This unique waterfront resort features eight individual guest cottages plus a modern three-story owner's residence that can also be utilized as a premium rental, creating multiple streams of revenue and endless possibilities for expansion. The charming cottages offer a variety of accommodations, including studio units, a lovely one bedroom with carport, and a spacious 2 bedroom right on the water. Making this property appealing to vacationers, weekend lake enthusiasts, and extended-stay guests alike. A covered two-slip boat dock and swim dock provide direct access to the lake, allowing guests to fully enjoy the waterfront lifestyle. The owner's residence is thoughtfully designed with modern finishes and stunning lake views. The first level includes a one-car garage, bathroom, storage room for owner. It also includes private access to a dedicated laundry facility serving the resort guests. The second level features an inviting living area with contemporary touches, a fireplace, large walk-in closet, bedroom, bathroom and two private balconies overlooking the property. The top level offers an impressive covered outdoor living space complete with a fire pit and views of the lake?perfect for entertaining or relaxing after a day on the water. Adding even more value, plans are already in place for a second large residence, providing tremendous potential for future development, expanded rental income, or additional owner accommodations. Whether you're seeking a turnkey hospitality investment, a family compound, or a property with room to grow, this rare Lake Hamilton offering combines immediate income potential with outstanding long-term opportunity in one of the area's most desirable waterfront locations.

Property Features

Property Type: Multi Unit - Multiple
Garage: 1
Home Style: Bungalow/Cottage
Lot Size: 0.9 Acres
Property Type: Lakefront Apartment
Roof Type: Metal
Year Built: 1955

Feature Descriptions

Appliances: Gas Range, Refrigerator Stays
Flooring: Laminate, Tile
Foundation: Slab
Heating/Cooling: Central Cool-Electric
Interior: Hot Water Heater-Gas
Lot: Lake Front, Lake View, In Subdivision
Lot Dimensions: 124 x 316
Road Surface: Paved
Units: 10
Utilities: Electric-Entergy, Gas-Natural, Sewer-Public, Water-Public
Waterfront: Dock - Covered,2 Stalls

Local Schools

School District: Hot Springs

Listed By / Shown By

Listed By

Agency Name: Crye-Leike REALTORS Hot Springs

Shown By

Agent Name: Marshall Ashford
Agent Phone: (770) 253-6990 ext. 2170

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Estimated Payment

$ 6,733.48 per month $6,295.98 Principal & Interest $0.00 Property Tax (data not provided by mls) $437.50 Homeowner's Insurance

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