500 Island Shores Dr Drasco, AR 72530
Estimated payment $8,703/month
Highlights
- Airport or Runway
- Golf Course Community
- River Nearby
- Lake Front
- Safe Room
- Craftsman Architecture
About This Home
Taking Backup offers! WATERFRONT!!! Positioned in the heart of the prestigious Tannenbaum Resort on GREERS FERRY LAKE. Discover unparalleled lakefront luxury with this stunning 4,877 sq. ft. home on 1 acre, featuring 230’ of pristine water frontage. Perfectly designed for both relaxation and entertaining, this property offers breathtaking lake views, direct water access, & front-row seats to the 4th of July fireworks at Sandy Beach. Inside, you’ll find 5 spacious bedrooms, 4 baths, and 2 fireplaces—one of which is a grand stone wood-burning centerpiece in the vaulted living room. The gourmet luxury kitchen is a chef’s dream, boasting smart appliances and high-end finishes. Retreat to the oversized master suite with a spa-like bath & private deck is ideal, while the 2 living areas storm cellar & 2 laundry rooms add convenience & comfort. Step outside to expansive decks overlooking the lake, perfect for soaking in stunning sunsets. The oversized garage provides ample storage for your lake toys, & with a private airport strip, boat ramp, & the scenic Tannenbaum Golf Course just minutes away, this home is an outdoor enthusiast’s paradise. Enjoy the best of lakefront living!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,324
Year Built
- Built in 2022
Lot Details
- 1.04 Acre Lot
- Lake Front
- Sloped Lot
Parking
- 2 Car Garage
Home Design
- Craftsman Architecture
- Brick Exterior Construction
- Combination Foundation
- Composition Roof
- Stone Exterior Construction
Interior Spaces
- 4,877 Sq Ft Home
- 2-Story Property
- Vaulted Ceiling
- Ceiling Fan
- Wood Burning Fireplace
- Low Emissivity Windows
- Insulated Windows
- Insulated Doors
- Great Room
- Combination Kitchen and Dining Room
- Lake Views
- Laundry Room
- Basement
Kitchen
- Eat-In Kitchen
- Breakfast Bar
- Double Oven
- Gas Range
- Microwave
- Dishwasher
- Disposal
Flooring
- Tile
- Luxury Vinyl Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- Primary Bedroom on Main
- Walk-In Closet
- 4 Full Bathrooms
- Whirlpool Bathtub
- Walk-in Shower
Home Security
- Safe Room
- Fire and Smoke Detector
Accessible Home Design
- Wheelchair Access
Outdoor Features
- River Nearby
- Deck
- Patio
- Porch
Utilities
- Central Heating and Cooling System
- Co-Op Electric
- Septic System
Community Details
Overview
- Community Lake
Amenities
- Picnic Area
- Airport or Runway
- Clubhouse
Recreation
- Golf Course Community
- Community Playground
Map
Home Values in the Area
Average Home Value in this Area
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 | $5,324 | $140,570 | $16,000 | $124,570 |
| 2023 | $5,285 | $140,570 | $16,000 | $124,570 |
| 2022 | $426 | $16,000 | $16,000 | $0 |
| 2021 | $387 | $10,000 | $10,000 | $0 |
| 2020 | $387 | $10,000 | $10,000 | $0 |
| 2019 | $387 | $10,000 | $10,000 | $0 |
| 2018 | $387 | $10,000 | $10,000 | $0 |
| 2017 | $387 | $10,000 | $10,000 | $0 |
| 2016 | $651 | $16,810 | $16,000 | $810 |
| 2015 | $651 | $16,810 | $16,000 | $810 |
| 2014 | -- | $16,810 | $16,000 | $810 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/28/2025 08/28/25 | Price Changed | $1,550,000 | -3.1% | $318 / Sq Ft |
| 07/01/2025 07/01/25 | Price Changed | $1,599,000 | -10.7% | $328 / Sq Ft |
| 06/02/2025 06/02/25 | For Sale | $1,790,000 | -- | $367 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $72,500 | First National Title Company | |
| Warranty Deed | $140,000 | -- | |
| Warranty Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $185,000 | New Conventional | |
| Closed | $74,000 | Credit Line Revolving | |
| Open | $556,000 | New Conventional | |
| Closed | $76,750 | Construction | |
| Closed | $463,250 | Commercial |
Source: Cooperative Arkansas REALTORS® MLS
MLS Number: 25021541
APN: 002-05415-223
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