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.
Under contract
$985,000
1391 Timberlake Dr, Royal, AR 71968
5beds
3,590sqft
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
- 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#: 156130
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
| Date | Event | Price |
|---|---|---|
| 7/9/2026 | Contingent | $985,000$274/sqft |
Source: | ||
| 6/26/2026 | Listed for sale | $985,000+152.6%$274/sqft |
Source: | ||
| 7/10/2020 | Sold | $390,000-8.9%$109/sqft |
Source: | ||
| 10/7/2019 | Listed for sale | $428,000+167.5%$119/sqft |
Source: Meyers Realty Company #19032568 Report a problem | ||
| 8/30/1991 | Sold | $160,000$45/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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 | -- | $33,617 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
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.
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Climate risks
Neighborhood: 71968
Nearby schools
GreatSchools rating
- 7/10Lake Hamilton Intermediate SchoolGrades: 4-5Distance: 4.1 mi
- 6/10Lake Hamilton Middle SchoolGrades: 6-7Distance: 4.1 mi
- 6/10Lake Hamilton High SchoolGrades: 10-12Distance: 4.4 mi
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.
- Arkansas
- Garland County
- Royal
- 71968
- 1391 Timberlake Dr





