Residential Land for Sale in Hot Springs, Arkansas

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.