377 Arrowhead,Hot Springs, AR 71913
Hot Springs, AR 71913
Description
What if your Lake Hamilton dream didn't have to start with a million-dollar lake house? At 377 Arrowhead Drive, offered at $245,000, the opportunity is to buy the lakefront first - and create the rest on your own timeline. Start with 79 feet of deeded Lake Hamilton frontage and an approximately 8'×79' boardwalk along the shoreline. Then look beyond the water and you'll begin to see what makes this property different. The existing 3 BED / 3 BATH residence has already been taken to the studs, with many of the hard decisions and expensive infrastructure work already behind you. A new addition is framed with vaulted ceilings and French doors positioned toward the lake. The floor plan has been designed as TWO COMPLETE LIVING UNITS - a full upstairs residence with its own private deck and a complete downstairs residence with its own kitchen, bath, utility area, private entrance and separate drive - all currently served by one utility bill. The electrical rough-in is done. A new sewer pump station is installed. New windows have been specified and are ready to order. Some plumbing remains, followed by the part of a renovation where the property truly becomes yours: cabinets, countertops, flooring, fixtures, colors and exterior siding or masonry. But finishing this house may only be the beginning. Walk behind the residence and you'll find what could become the centerpiece of the entire property - a prepared walkout building site with direct views of Lake Hamilton. Imagine finishing the existing residence, moving in, and then building your dream home overlooking the lake while you're already living on the property. And much of the expensive groundwork for that next chapter is already in place: approximately 350 feet of 3" pressure sewer main has been installed, a new sewer pump station is complete, and a separate drive has been cut to access the building site and lake frontage. Build one substantial lake home. Explore the property's multi-unit possibilities. Keep the existing residence for family, guests or potential income. Or live in one level while the other helps create flexibility in how you own and enjoy the property. That's what makes this lake property different. You're not simply buying an unfinished house. You're buying Lake Hamilton frontage, two living spaces, major infrastructure already in the ground, and a second building site with the opportunity to create something much larger. Finish the first home. Move in. Build the dream home. Keep both.
Details
| MLS # | 157500 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1950 |
| Days On Site | 30 |
| Listing Provided By | Crossroads Realty Group | Dani Blair |
Features
| Bed(s) | 3 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 1,928 |
| Story(s) | 2 |
| Acreage | 0.50 |
| Water Front | Yes |
Interior
| Interior Features | Dryer Connection-Gas, Dryer Connection-Electric |
|---|
Exterior
| Exterior Features | Deck |
|---|
Parking
| Parking | Other (See Remarks) |
|---|
Utilities
| Utilities | Sewer - Municipal, Water - Municipal, Electric – Entergy, Gas-Natural |
|---|
Taxes
| Property | 1931 |
|---|
Area Information
| State | AR |
|---|---|
| County | Garland |
| City | Hot Springs |
| Zip Code | 71913 |
| Area | Garland |
| Community Name | Arrowhead Lake Estates #3 |
| School District | Lake Hamilton |
| Listing VS Median (in Arrowhead Lake Estates #3) | |
Price: $245,000 low | high Med: $245,000 sqft: 1,928 low | high Med: 1,928 $ / sqft: $127 low | high Med: $127 On site: 30 low | high Med: 30 | |
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Learn More About This Property
| State | AR |
|---|---|
| County | Garland |
| City | Hot Springs |
| Zip Code | 71913 |
| Area | Garland |
| Community Name | Arrowhead Lake Estates #3 |
| School District | Lake Hamilton |
| Listing VS Median (in Arrowhead Lake Estates #3) | |
Price: $245,000 low | high Med: $245,000 sqft: 1,928 low | high Med: 1,928 $ / sqft: $127 low | high Med: $127 On site: 30 low | high Med: 30 | |
