$2,000,000

Estimated payment $10,955/month

Total Views 4,053
-- Bed
-- Bath
8,138 Sq Ft
$246 Price per Sq Ft

Highlights

  • Deck
  • Wooded Lot
  • Ceramic Tile Flooring
  • Eureka Springs Elementary School Rated A-
  • Cooling Available
  • Attached Carport

About This Home

Nestled just 7 minutes from downtown Eureka Springs, this incredible investment property consists of two separate properties. Promise Mountain 1 sits on 12.55 acres and features 3 fully functional Airbnb units, a 3-bedroom property management unit, as well as 3 long-term units (fully leased). The property has undergone perk testing at multiple sites, providing the potential for future expansion and additional units. Promise Mountain 2 offers 5 additional remodeled airbnb units, all gutted and beautifully redesigned with unique city-themed interiors, making this a truly one-of-a-kind property. This completely turn-key business includes an onsite property manager who handles all bookings, cleaning, and guest services. The property manager may remain in place if desired, offering seamless transition and continued success. The business is ready for immediate operation, with ample potential for growth. Don't miss out on this rare opportunity.

Listing Agent

Channing Williams

Vesta Boutique Realty License #SA00075176 Listed on: 04/22/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,591

Year Built

  • Built in 1992

Lot Details

  • 13.9 Acre Lot
  • Property fronts a county road
  • Wooded Lot

Home Design

  • Slab Foundation
  • Shingle Roof
  • Asphalt Roof
  • Metal Siding
  • Masonite

Interior Spaces

  • 8,138 Sq Ft Home
  • 1-Story Property
  • Crawl Space
  • Fire and Smoke Detector

Flooring

  • Laminate
  • Ceramic Tile

Parking

  • 1 Car Garage
  • Attached Carport
  • Gravel Driveway

Outdoor Features

  • Deck

Utilities

  • Cooling Available
  • Heating Available
  • Electric Water Heater

Community Details

Overview

  • 12 Units
  • 24 20 26 Subdivision

Recreation

  • Trails

Building Details

  • Gross Income $193,548

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,591

Year Built

Built in 1992

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 13.9
  • Road Frontage Type: County Road
  • Subdivision Name: 24-20-26
  • Directions: Turn left onto E Van Buren (US-62). Go for 0.7 mi. Turn left onto E Van Buren (US-62). Go for 1.7 mi. Turn right onto Rock House Rd (CR-51/CR-302). Go for 0.7 mi.Turn left onto County Road 3023 (CR-3023). Go for 0.3 mi.
  • Carport Y N: Yes
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built Details: 25 Years or older
  • Year Built: 1992
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Multi Family
  • ResoBuildingAreaSource: Appraiser
  • Special Features: VirtualTour
  • Stories: 1
  • Year Built: 1992

Interior Features

  • Appliances: Electric Water Heater
  • Has Basement: Crawl Space
  • Basement YN: No
  • Flooring: Ceramic Tile, Laminate
  • Interior Amenities: See Remarks
  • Living Area: 8138.0
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Fencing: None
  • Lot Features: Central Business District, Wooded
  • Construction Type: Masonite, Metal Siding
  • Exterior Features: Gravel Driveway
  • Foundation Details: Crawlspace, Slab
  • Patio And Porch Features: Deck
  • Roof: Asphalt, Shingle

Garage/Parking

  • Covered Parking Spaces: 1.0
  • Parking Features: Attached Carport, Other

Utilities

  • Security: Smoke Detector(s)
  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Biking, Trails/Paths
  • Association #2 Fee Frequency: Monthly

Schools

  • Junior High Dist: Eureka Springs

Lot Info

  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 12
  • Number Of Units Total: 12
  • Annual Gross Income: 193548.0

Tax Info

  • Tax Annual Amount: 3591.0
  • Tax Block: N/A
  • Tax Lot: N/A

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,333 $55,710 $6,220 $49,490
2023 $2,239 $55,710 $6,220 $49,490
2022 $2,148 $55,710 $6,220 $49,490
2021 $929 $19,270 $6,250 $13,020
2020 $641 $19,270 $6,250 $13,020
2019 $1,407 $36,560 $6,490 $30,070
2018 $1,432 $36,560 $6,490 $30,070
2017 $1,432 $36,560 $6,490 $30,070
2016 $1,666 $38,440 $6,530 $31,910
2014 -- $38,440 $6,530 $31,910
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/22/2025 04/22/25 For Sale $2,000,000 -- $246 / Sq Ft
Source: Northwest Arkansas Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Deed -- --
Deed $26,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $280,000 Construction
Source: Public Records

Source: Northwest Arkansas Board of REALTORS®

MLS Number: 1305400

Northwest Arkansas Board of REALTORS®

APN: 001-07839-000