Land with Home for Sale in Gamaliel, Arkansas

Live where others vacation — and let the second home fund the dream. This two-home property on 2 acres along Hwy 101 in Gamaliel sits just 1.5 miles from 101 Marina and Norfork Lake. Keep one home as your full-time residence and rent the other, or run both as short-term rentals — already operating as successful Airbnbs with 5-star reviews and bookings secured. The main home offers 2,091 sq ft across two levels, featuring 4 bedrooms, a bonus office, and 3 full baths, plus a full walk-out basement. The separate 600 sq ft guest house includes 1 bed, 1 bath, a full kitchen, and a private back deck — 2,691 total sq ft of income-producing potential. Recent updates include a new electrical panel, plumbing throughout, and an 80-gallon water heater. The 2-acre lot leaves plenty of room to add a shop, boat storage, or whatever the lake life calls for. Just 12 miles to Mountain Home. Dual income. Lake lifestyle. Priced to move.