Hot Springs Village, AR Multifamily Home for Sale

Hot Springs Village, located in Arkansas, is the largest gated community in North America, spanning 26,000 acres in the foothills of the Ouachita Mountains, about 15 miles north of Hot Springs. Known for its resort-style living since 1970, the community is home to over 17,000 residents. It features nine golf courses, 11 lakes, and a variety of residential options, including golf course homes, lakefront properties, ranch-style homes, and new constructions with diverse architectural styles. The community is particularly appealing to older homeowners due to Arkansas's tax benefits on Social Security and military pensions, though younger buyers are also moving in due to the affordability of older homes. Residents enjoy a moderate climate with all four seasons, though summers can be muggy and winters cold and wet. Outdoor attractions include Lake Balboa, the community's largest lake, and several other lakes stocked with sportfish, as well as top-rated golf courses like Balboa Golf Club and Ponce De Leon Golf Club. The Ponce De Leon Center's Woodlands Auditorium hosts numerous performances year-round, and the community offers over 200 clubs and organizations. Dining options and a Walmart are conveniently located within the community, while nearby Hot Springs provides additional shopping, dining, and entertainment, including the Oaklawn Racing Casino Resort. Transportation within the community is facilitated by cart paths and State Highway 7, which also connects to larger medical centers in Hot Springs. The community has its own police department and 24-hour gated security at the west entrance.