Skip main navigation
Under contract
  • $985,000

    1391 Timberlake Dr, Royal, AR 71968

    5beds
    3,590sqft
    : 
    Loading
    Get pre-qualified
    Single Family Residence
    Built in 1971
    0.76 Acres Lot
    $929,500 Zestimate®
    $274/sqft
    $-- HOA

    What's special

    Heated swimming poolPrivate pickleball courtTranquility of lakefront livingCovered two-stall boat dockPrivate cabanaOversized hot tubBreathtaking lake views
    Welcome to Mermaid Manor, one of the most iconic and sought-after waterfront vacation rental properties on Lake Hamilton. This exceptional 5-bedroom, 3-bathroom lakefront retreat offers a rare opportunity to own a proven income-producing investment while enjoying one of Hot Springs' most desirable waterfront locations. Situated on year-round water with breathtaking lake views, this standout property has been thoughtfully designed to create unforgettable guest experiences and generate strong rental demand throughout the year. From the moment guests arrive, they are welcomed into a true resort-style setting. The outdoor living spaces are centered around a heated swimming pool (weather permitting), oversized hot tub, and private cabana, creating the perfect environment for relaxation and entertaining. One of the property's most unique features is its private pickleball court, a highly sought-after amenity that sets Mermaid Manor apart from other vacation rentals and provides fun for guests of all ages. The property's prime Lake Hamilton location allows guests to fully embrace the lake lifestyle. A covered two-stall boat dock provides convenient access to boating, fishing, paddleboarding, kayaking, and all the recreation Lake Hamilton has to offer. The year-round water frontage ensures enjoyment in every season and enhances both the property's appeal and long-term value. Inside, Mermaid Manor offers spacious and inviting living areas designed to comfortably accommodate families, groups, and vacationers. With five bedrooms and three bathrooms, there is ample space for large groups while still maintaining comfort and privacy. Entertainment continues indoors with an impressive game room. This dedicated entertainment space provides year-round enjoyment regardless of weather and has been a major contributor to the property's continued success as a vacation rental destination. Located just minutes from Oaklawn Racing Casino Resort, historic Bathhouse Row, premier dining, shopping, entertainment, and area attractions, Mermaid Manor offers the perfect combination of privacy and convenience. Guests can enjoy the tranquility of lakefront living while remaining close to everything that makes Hot Springs one of Arkansas' premier vacation destinations. Whether you're looking for a luxury lake retreat, a turnkey investment property, or both, Mermaid Manor delivers an exceptional opportunity. Combining year-round water, a covered two-stall boat dock, heated pool, hot tub, private pickleball court, game room, and a proven track record as a top-performing nightly rental, this remarkable property stands among the most recognizable and desirable vacation rentals on Lake Hamilton. This is more than a lake house—it's a destination, an experience, and an investment opportunity unlike any other.
    13 days
    |
    924
    |
    95
    |

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    David Hall,

    The Goff Group Real Estate 501-525-0908

    Source: HSDS,MLS#: 156130MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 3
      • Full bathrooms: 3
      Rooms
      • Room types: Game Room
      Heating
      • Central Heat - Electric
      Cooling
      • Central Cool - Electric
      Appliances
      • Included: Electric Range, Dishwasher, Disposal, Refrigerator, Electric Water Heater
      • Laundry: Washer Hookup, Electric Dryer Hookup
      Features
      • Breakfast Bar, Walk-in Shower, Walk-In Closet(s), Built-in Features, Ceiling Fan(s), Primary Bedroom w/Bath, Solid Surface Countertops, Living/Dining Combo
      • Flooring: Vinyl, Tile
      • Basement: Crawl Space
      • Has fireplace: Yes
      • Fireplace features: None, Outside
      Interior area
      • Total structure area: 3,590
      • Total interior livable area: 3,590 sqft

      Property

      Parking
      • Parking features: Garage
      • Has garage: Yes
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Patio
      • Exterior features: Barbecue, Rain Gutters, Tennis Court(s), Outdoor Kitchen, Dock
      • Pool features: In Ground
      • Fencing: Partial
      • Has view: Yes
      • View description: Lake
      • Has water view: Yes
      • Water view: Lake
      • Waterfront features: Lake Front, 2 Stalls, Lake Hamilton, Lakefront Single Family
      • Body of water: Lake Hamilton
      Lot
      • Size: 0.76 Acres
      • Dimensions: 332 x 100
      • Features: Resort Property, Out of City
      Details
      • Additional structures: Cabana/Pool House
      • Parcel number: 20018750003000

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Ranch
      • Property subtype: Single Family Residence
      Materials
      • Brick, Sheet Rock
      • Roof: Composition
      Condition
      • Year built: 1971

      Utilities & green energy

      • Electric: Electric – Entergy
      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Propane

      Community & HOA

      Community
      • Security: Smoke Detector(s)
      • Subdivision: Foizies #2
      Location
      • Region: Royal

      Financial & listing details

      • Price per square foot: $274/sqft
      • Tax assessed value: $571,750
      • Annual tax amount: $5,009
      • Date on market: 6/26/2026
      • Electric utility on property: Yes
      • Road surface type: Paved

        Estimated market value

        $929,500

        $883,000 - $976,000

        $3,144/mo

        Price history

        DateEventPrice
        7/9/2026Contingent$985,000$274/sqft
        Source: HSDS #156130 Report a problem
        6/26/2026Listed for sale$985,000+152.6%$274/sqft
        Source: HSDS #156130 Report a problem
        7/10/2020Sold$390,000-8.9%$109/sqft
        Source: CARMLS #19032568 Report a problem
        10/7/2019Listed for sale$428,000+167.5%$119/sqft
        Source: Meyers Realty Company #19032568 Report a problem
        8/30/1991Sold$160,000$45/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$5,209 -1.3%$114,350
        2024$5,277 +6.5%$114,350 +5.4%
        2023$4,954 +8.7%$108,528 +9.1%
        2022$4,557 +12.3%$99,484 +10%
        2021$4,057 +1.7%$90,440 +1.8%
        2020$3,988 +1.5%$88,870
        2019$3,928 +4.2%$88,870
        2018$3,768 +9.1%$88,870
        2017$3,454 +10%$88,870 +25.1%
        2016$3,140 +2.2%$71,050
        2015$3,074 +8%$71,050 +10.3%
        2014$2,846 +47.2%$64,398 +13.6%
        2013$1,934 +5.7%$56,670 +4.8%
        2012$1,830 +6%$54,094 +5%
        2011$1,726 +11.7%$51,518 +9.5%
        2009$1,546 +6.2%$47,038 +5%
        2008$1,455 +0.5%$44,798 +4.3%
        2007$1,449 $42,964 +11.6%
        2006-- $38,507 +5%
        2005-- $36,673 +9.1%
        2004-- $33,617

        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.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 71968

        Getting around

        0 / 100
        Car-Dependent
        13 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: Lake Hamilton

        Source: HSDS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

        A local agent can set up tours, give advice and negotiate with sellers.

        A local lender can help you make sure your offer is ready when you are.

        Browse local experts

        Similar homes

        Skip to the end of the carouselSkip to the beginning of the carousel