Hot Springs Real Estate Deals of the Week

I’ve scoured the Hot Springs market to bring you this week’s three best deals—each offering outstanding value in its category.

Let me know if you’d like to see any of these in-person with me.

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LUXURY DEAL: Twin-Home Lakefront Estate with STR License

1113 Twin Points Road, Hot Springs, AR 71913

$1,395,000 | 5 BD, 3.5 BA | 3,479 sqft (Main House)

Check it out: https://s.paragonrels.com/goto/Z2DLpYA3WPa

This distinctive estate offers two luxury residences on one acre of Lake Hamilton waterfront—ideal for multi-generational living, premium guest accommodations, or income generation. The main house (restored 2020) features mid-century modern design with vintage details, while the second residence provides flexibility. Includes stationary double boat dock, transferable STR license, and gentle walk-in water access in the iconic “Sam’s Pizza Cove.” At $401/sqft for lakefront acreage with dual dwellings, this creates instant value.

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Historic Park Avenue Charmer

301 Ramble Street, Hot Springs, AR 71901

$199,000 | 3 BD, 1 BA | 1,301 sqft

Check it out: https://s.paragonrels.com/goto/GuocRJdywOt

Located in the desirable Historic Park Avenue district across from National Park land, this ranch-style home offers hardwood floors and a brick fireplace. Walking distance to Bathhouse Row and West Mountain trails. The roof was recently replaced, making this move-in ready.

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INVESTOR DEAL: Cash-Flowing Duplex

824 Rector Street, Hot Springs, AR 71901

$259,000 | Two Duplexes (4 units total) | 3,150 sqft

Check it out: https://s.paragonrels.com/goto/TOQQ6V_XG3Y

Two duplexes on one parcel generating $2,675/month when fully occupied ($32,100 annual gross). Located minutes from Oaklawn Casino and downtown. This provides an 8% cap rate at purchase price with immediate cash flow. Perfect for investors seeking passive income or portfolio expansion in a growing market. Properties in this area show 5-7% YoY appreciation.