Excellent investment opportunity in the desirable Diamondhead community with beautiful water views and a unique layout designed for flexibility and privacy. This duplex offers two income-producing units, each thoughtfully configured to maximize rental potential. On the lower level of each unit, you'll find an open kitchen and living area along with a convenient half bath, creating a comfortable common space for residents and guests. Upstairs, accessed by exterior entry, are two private bedroom suites, each featuring its own full bath and separate entrance. This distinctive design provides added privacy and makes the property especially appealing for short-term rentals, vacation guests, or multiple tenants. Residents and guests will enjoy scenic water views and the amenities of the Diamondhead community, while investors will appreciate the versatility and strong rental possibilities this property offers. Whether you're looking to expand your investment portfolio, generate vacation rental income, or own a property with multiple occupancy options, this duplex presents a rare opportunity in a sought-after lake community. Don't miss your chance to own a unique income-producing property.
Active
Price cut: $40K (8/1)
$290,000
124 Waterfall Ct, Hot Springs, AR 71913
4beds
--sqft
Townhouse
Built in 2023
9,147 Square Feet Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 71 days
- 422
- 35
Zillow last checked:
Listing updated:
Listed by:
Olga Ward 501-844-5608,
Trademark Real Estate, Inc. 501-318-3200
Source: CARMLS,MLS#: 26025224
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 6
- Full bathrooms: 4
- 1/2 bathrooms: 2
Rooms
- Room types: None
Dining room
- Features: Kitchen/Dining Combo, Living/Dining Combo, Breakfast Bar
Heating
- Ductless
Appliances
- Included: Microwave, Surface Range, Refrigerator, Plumbed For Ice Maker, Electric Water Heater
Features
- Ceiling Fan(s), 4 Bedrooms Same Level
- Flooring: Tile
- Doors: Insulated Doors
- Windows: Insulated Windows
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 0
Property
Parking
- Total spaces: 2
- Parking features: Parking Pad, Two Car
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck
- Has view: Yes
- View description: Lake
- Has water view: Yes
- Water view: Lake
Lot
- Size: 9,147 Square Feet
- Features: Cul-De-Sac, River/Lake Area
Details
- Parcel number: 20054975008001
Construction
Type & style
- Home type: Townhouse
- Architectural style: Bungalow/Cottage
- Property subtype: Townhouse
Materials
- Metal/Vinyl Siding
- Foundation: Slab
- Roof: Flat
Condition
- New construction: No
- Year built: 2023
Utilities & green energy
- Electric: Elec-Municipal (+Entergy)
- Sewer: Public Sewer
- Water: Public
Green energy
- Energy efficient items: Doors
Community & HOA
Community
- Features: Other
- Subdivision: RIDGE AT LIGHT HOUSE COVE
HOA
- Has HOA: No
Location
- Region: Hot Springs
Financial & listing details
- Tax assessed value: $176,650
- Annual tax amount: $1,586
- Date on market: 6/23/2026
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/1/2026 | Price change | $290,000-12.1% |
Source: | ||
| 7/31/2026 | Listed for sale | $330,000 |
Source: | ||
| 7/1/2026 | Contingent | $330,000 |
Source: | ||
| 6/23/2026 | Listed for sale | $330,000-11.8% |
Source: | ||
| 5/22/2025 | Listing removed | $374,000 |
Source: | ||
| 4/6/2025 | Price change | $374,000-0.3% |
Source: | ||
| 11/28/2024 | Price change | $375,000-6% |
Source: | ||
| 10/29/2024 | Listed for sale | $399,000-15.8% |
Source: | ||
| 10/15/2024 | Listing removed | $474,000 |
Source: | ||
| 10/12/2024 | Listed for sale | $474,000 |
Source: | ||
| 7/7/2024 | Listing removed | $474,000-5% |
Source: | ||
| 6/22/2024 | Price change | $499,000-9.3% |
Source: | ||
| 4/30/2024 | Listed for sale | $550,000 |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $35,330 |
| 2024 | -- | $35,330 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 71913
Nearby schools
Schools provided by the listing agent
- Elementary: Lakeside
- Middle: Lakeside
- High: Lakeside
Source: CARMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.







