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Improved Mixed-Use Land for Sale in Hot Springs, Arkansas
141 Penbay Pl, Hot Springs, AR 71901
$447,000
3.24 acres
Active sale
$48k drop
Est $2,304/mo3+ Acre Lake Hamilton View Property | Peninsula Point Area Rare 3+ acre property in the Peninsula Point area with elevated views overlooking Lake Hamilton. The one-owner home needs substantial TLC but offers distinctive architectural character. Designed by the owner's brother, who studied under renowned architect E. Fay Jones, and built by the owner's father, a general contractor with 30+ years of residential and commercial experience. Renovate the existing home, create a private estate, or explore new construction and possible subdivision, subject to city approval. Convenient to Lake Hamilton and Hot Springs amenities.
1,680
Sq feet
3
Beds
2
Full baths
1978
Built
Location
- Street address
- 141 Penbay Pl
- County
- Garland County
- Zip code
- 71901
- Elevation
- 433 feet
Directions
Off Lake Park Dr go west on Bayshore Dr to Peninsula Dr and turn left onto Penbay Pl.
Property details
- Acreage
- 3.24 acres
- MLS #
- CARMLS 26011957
- Posted
Property taxes
- 2025
- $239
Parcels
- 300-08862-000
Legal description
PT SW NE & PT SE NW
Details and features
Listing
- Type
- Residential
- Franchise
- Keller Williams Realty
Lot
- Waterfront
- Yes
- Features
- Cleared, Lake View, River/Lake Area, Vista View, Wooded
Exterior
- Parking
- Garage
- Fencing
- Partial
- Pool
- Patio, Porch
- Features
- Partially Fenced, Screened Porch
Structure
- Stories
- 2
- Roof
- Composition
Interior
- Rooms
- Bathroom x 2, Bedroom x 3
- Flooring
- Carpet, Tile, Vinyl
- Appliances
- Dishwasher, Disposal, Free-Standing Stove, Microwave, Refrigerator-Stays
- Features
- Balcony/Loft, Breakfast Bar, Ceiling Fan(s), Dryer Connection-Electric, Washer Connection, Water Heater-Electric
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| July 16, 2026 | Price drop | $447,000 | $48,000 -9.7% | CARMLS |
| May 18, 2026 | Price drop | $495,000 | $34,000 -6.4% | CARMLS |
| Mar 29, 2026 | New listing | $529,000 | — | CARMLS |
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