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Lake Hamilton Multifamily Home for Sale

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    $1,597,000

    5703 Central Ave, Hot Springs, AR 71913

    Great investment opportunity for a renovation and cash-flow or flip! These are priced at 48% of the most inexpensive condos in all of Garland County. Located directly on Central Ave and in the Lakeside School District, these condos are in one of the best locations in Hot Springs. There are 19 condos in the complex - 14 one bedrooms and 5 two bedrooms. The after repair value once renovated will be

    Greg Calaway Baxley-Penfield-Moudy Realtors

    5703 Central Ave, Hot Springs, AR 71913

Why Live in Lake Hamilton

Lake Hamilton in Hot Springs, Arkansas, is a lively community known for its scenic waterfront and year-round attractions. The neighborhood is popular among both locals and transplants, with many second homes owned by residents from Little Rock, Memphis, and Dallas. Housing options range from estate-style homes and ranch-style houses to country cottages and condos, many of which feature amenities like pools and private boat slips. The area is particularly attractive to investors due to the potential for short-term rentals. Lake Hamilton is a hub of activity, especially on weekends when boats and party barges gather. The lake is well-stocked with fish from the Andrew H. Hulsey Fish Hatchery, and it hosts the Hot Springs Fishing Challenge from May through July, offering cash prizes for tagged fish. The community also enjoys the Oaklawn Racing Casino, which features horse racing, a casino, and the annual Racing Festival of the South. Dining options are plentiful, with popular spots like Sam’s Pizza Pub, Fisherman’s Wharf, and the upscale Luna Bella. The Lakeside School District, highly rated in Arkansas, serves the area with five A-rated schools. Convenient access to Hot Springs and Little Rock is provided by Highway 7 and State Highway 270, with nearby Memorial Airport offering flights to Dallas and Memphis.

Home Trends in Lake Hamilton, AR

Housing Trends

Median Sale Price
$440,000
Median Single Family Sale Price
$480,000
Median Townhouse Sale Price
$415,000
Median 2 Bedroom Sale Price
$360,000
Average Price Per Sq Ft
$299
Number of Homes for Sale
85
Last 12 months Home Sales
115
Months of Supply
8.90
Median List Price
$430,000
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
10%
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