240 Pennington Road

Hot Springs, AR 71913

MLS#: 26020619

$899,000

Status: Active
Listing number: 26020619
Listing provided by: Rackley Realty
Listing agent phone: None
Last update: 4 days ago
On site: 4 days ago
Browse Properties
Not in List - Land

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

None

Lot size

5.0 acres

PENNINGTON POINT — LAKE HAMILTON DEVELOPMENT OPPORTUNITY Rare opportunity to acquire a 5 acre fully-planned residential development on Lake Hamilton with replat in hand and existing 2 slip covered boat dock. This shovel-ready tract offers a qualified developer immediate entry into one of Central Arkansas’s most sought-after lakefront markets, with the heavy lift of land planning, lot configuration, and entitlement work already complete. The Opportunity The replat establishes a tiered lot structure designed to maximize value across two distinct buyer pools: upper-tier lots positioned for short-term rental investors and second-home buyers, and lower-tier lots reserved for owner-occupied custom homes under a bill of assurance framework. This dual-market strategy de-risks absorption and broadens the buyer pipeline from day one. Why This Site Lake Hamilton continues to outperform regional lake markets in both price appreciation and STR revenue per night, driven by proximity to Hot Springs, year-round recreation, and limited remaining developable lakefront inventory.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Pool

    No

Area & Lot

  • Lot Features

    Sloped

  • Lot Size(acres)

    5.0

  • Property Type

    Land

Price

  • Sales Price

    $899,000

  • Tax Amount

    $2,600

  • Zoning

    Single Family

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    Lake Hamilton

  • Middle School

    Lake Hamilton

  • High School

    Lake Hamilton

Property Features

  • Sewer

    Public Sewer

  • Water Source

    Public

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Location

County

Garland

Elementary School

Lake Hamilton

Middle School

Lake Hamilton

High School

Lake Hamilton

Listing Courtesy of Erica York , Rackley Realty

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Agent Carrie Davenport

REALTOR®

Carrie Davenport

Call Carrie today to schedule a private showing.

(479) 477-1718

carrie_daven@ymail.com


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PENNINGTON POINT — LAKE HAMILTON DEVELOPMENT OPPORTUNITY Rare opportunity to acquire a 5 acre fully-planned residential development on Lake Hamilton with replat in hand and existing 2 slip covered boat dock. This shovel-ready tract offers a qualified developer immediate entry into one of Central Arkansas’s most sought-after lakefront markets, with the heavy lift of land planning, lot configuration, and entitlement work already complete. The Opportunity The replat establishes a tiered lot structure designed to maximize value across two distinct buyer pools: upper-tier lots positioned for short-term rental investors and second-home buyers, and lower-tier lots reserved for owner-occupied custom homes under a bill of assurance framework. This dual-market strategy de-risks absorption and broadens the buyer pipeline from day one. Why This Site Lake Hamilton continues to outperform regional lake markets in both price appreciation and STR revenue per night, driven by proximity to Hot Springs, year-round recreation, and limited remaining developable lakefront inventory.

240 Pennington Road

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