Improved Mixed-Use Land for Sale in Hot Springs, Arkansas

1.5+ Acre Lake Hamilton View Property | Peninsula Point Area A rare opportunity to own approximately 1.5+ acres in the desirable Peninsula Point area with elevated views overlooking Lake Hamilton. Set in a peaceful, natural setting, the property offers the potential for expansive panoramic lake views along with multiple possibilities for renovation, new construction, or future development. The existing one-owner home is in need of substantial TLC and renovation, but its history and design set it apart. The residence was architecturally designed by the owner's brother, who studied under renowned Arkansas architect E. Fay Jones, and was built by the owner's father, a general contractor with more than 30 years of residential and commercial construction experience. Its distinctive design provides a compelling foundation for buyers interested in restoring, renovating, or reimagining a truly unique property.