Land with Home for Sale in Hot Springs, Arkansas

Rare opportunity to acquire an entire turnkey, income-producing compound on Lake Hamilton - 4 residences, 2 game rooms, and 4.62 combined acres (including 3.35 acres of vacant land), sold together as a single property. Currently operating as an active VRBO/Airbnb rental portfolio, this is a compelling opportunity for investors seeking established short-term rental income, an extended family compound, or a private lake retreat with room for guests. Lake Hamilton offers a laid-back Arkansas lake lifestyle - boating, fishing, swimming, and sunset views just outside your door, with the shops, dining, and attractions of Hot Springs only minutes away. It's a destination guests return to year after year, making it a natural fit for a thriving short-term rental business. 687 & 689 Little Mazarn - Main House + Cottage The main residence offers 1,440 sq ft with 2 bedrooms and 2 baths. Originally built in 1960, it's been thoughtfully updated throughout. This parcel boasts an impressive 308 feet of Lake Hamilton frontage, with a single-stall boat dock and lift. Sharing the same parcel is an updated cottage with 1 bedroom and 1 bath upstairs, plus a matching layout downstairs, for 560 sq ft total across the two levels. 683 Little Mazarn - Newer Construction Home Built in 2022, this home offers 864 sq ft, 2 bedrooms, and 2 baths, beautifully furnished - move-in or rental ready. 679 Little Mazarn - Sister Rental Property A near-identical match to 683 Little Mazarn at 864 sq ft, this property adds 93.5 feet of Lake Hamilton frontage - a fantastic rental with direct water access. Two Game Rooms Each housed in its own separate metal utility building - great flex space for entertaining, hobbies, or storage. Adjacent Vacant Land 3.35 of the 4.62 total acres is vacant land - room to expand, build additional structures, or preserve for privacy. Property Totals 4.62 combined acres (including 3.35 vacant) 3,728 total sq ft across 4 residences 7 bedrooms, 7 bathrooms 401.5 combined feet of Lake Hamilton frontage Single-stall boat dock with lift Active, income-producing VRBO/Airbnb portfolio