Improved Land for Sale in Gamaliel, Arkansas

Turnkey Lakefront Investment Opportunity – Three Oaks Resort

Welcome to Three Oaks Resort, a rare opportunity to own one of the longest-operating and most established resorts on Norfork Lake. Situated on 3.69± acres, this property combines proven rental income, permitted dock, trolley system, and exceptional amenities in a highly desirable waterfront setting.

Land

Located only 12 minutes from Mountain Home, Three Oaks Resort is the second longest continuously operating resort on Norfork Lake and is a well-known destination offering both legacy value and future growth opportunities.

The resort currently features 10 income-producing rental cabins, along with 2 additional cabins ready for renovation, creating immediate upside potential. Of the existing cabins, six offer screened-in porches, providing guests with comfortable outdoor living spaces and gorgeous views.

The property also includes a spacious owner’s quarters featuring 2 bedrooms, 1 bath, plus an additional room, dedicated office space, and a cozy fireplace—ideal for onsite management or extended stays.

Additional amenities include onsite laundry facilities, along with a guest laundry area for convenience.

Outdoor features are designed for recreation and guest enjoyment:

A covered pavilion paired with a large uncovered deck built to regulation length for cornhole and gatherings

A 20’ x 40’ in-ground pool (in need of repair, presenting value-add potential)

Infrastructure highlights:

Two water wells

Seven septic systems

A multi-use storage building, offering space for equipment, maintenance, or additional business uses

Exceptional waterfront improvements include:

A 330-foot state-of-the-art trolley system, installed by Marine Innovations, providing convenient transportation of gear to and from the dock

A 50’ x 100’ permitted dock featuring:

12 Boat stalls

Stainless steel fish cleaning station with running water

Electric service

Deep water off the end of the dock (approximately 65 feet at normal pool)

Underwater fishing lights

Swim Deck

With its strong operational history, diverse lodging options, and expansive infrastructure on 3.69± acres, Three Oaks Resort is perfectly positioned for continued success or future expansion. Whether you’re seeking a lifestyle investment or a thriving business, this property offers unmatched potential on Norfork Lake.

Mountain Home offers a full array of amenities from dining and entertainment to large box stores such as Walmart, Lowes, and Home Depot.

Contact the listing agent today for a private showing