Active

$1,695,000

188 Lemay Pl, Hot Springs, AR 71913

2beds

54,980sqft

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Agriculture

Built in 1982

37.92 Acres Lot

$-- Zestimate^®

$31/sqft

$-- HOA

What's special

Rehabilitation poolFull-size sanctioned racetrackDedicated equipment barnTwo on-site apartments

Premier Thoroughbred Training and Rehabilitation Facility- Just minutes from Oaklawn Racing Casino Resort, this exceptional 37.92-acre equine facility is purpose-built for elite thoroughbred training and rehabilitation. Features include a full-size sanctioned racetrack, state-of-the-art barn with 72 stalls, rehabilitation pool, hot and cold wash bays, two on-site apartments, office, and a dedicated equipment barn. A rare turnkey opportunity in one of the region's most strategic racing locations.

25 days

235

6

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2
Full bathrooms: 2

Rooms

Room types: None

Dining room

Features: None

Appliances

Included: None

Features

Primary Bedroom/Main Lv
Flooring: Other
Has fireplace: No
Fireplace features: None

Interior area

Total structure area: 54,980
Total interior livable area: 54,980 sqft

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Property

Parking

Parking features: Parking Pad

Features

Levels: One
Stories: 1
Exterior features: Shop
Has private pool: Yes
Pool features: In Ground

Lot

Size: 37.92 Acres
Features: Sloped, Level, Cleared

Details

Additional structures: Barns/Buildings, Stables
Parcel number: 10011786000
Horses can be raised: Yes

Construction

Type & style

Home type: SingleFamily
Architectural style: Ranch
Property subtype: Agriculture

Materials

Metal/Vinyl Siding
Foundation: None
Roof: Metal

Condition

New construction: No
Year built: 1982

Utilities & green energy

Electric: Elec-Municipal (+Entergy)
Sewer: Septic Tank
Water: Well

Community & HOA

Community

Features: Manager Office, Manager Apartment
Subdivision: Hot Springs Unplatted

HOA

Has HOA: No

Location

Region: Hot Springs

Financial & listing details

Price per square foot: $31/sqft
Tax assessed value: $998,850
Annual tax amount: $9,016
Date on market: 6/18/2026
Road surface type: Gravel, Paved

Estimated market value

Not available

Estimated sales range

Not available

$8,485/mo

Price history

Date	Event	Price
6/18/2026	Listed for sale	$1,695,000$31/sqft
Source: CARMLS #26024656 Report a problem
5/23/2026	Listing removed	$1,695,000$31/sqft
Source: HSDS #153053 Report a problem
10/27/2025	Listed for sale	$1,695,000+298.8%$31/sqft
Source: HSDS #153053 Report a problem
5/4/2004	Sold	$425,000+30.8%$8/sqft
Source: Public Record Report a problem
10/11/2002	Sold	$325,000+8.3%$6/sqft
Source: Public Record Report a problem
4/16/1999	Sold	$300,000+62.2%$5/sqft
Source: Public Record Report a problem
3/28/1995	Sold	$185,000$3/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$9,340 -1.3%	$199,770
2024	$9,460 +1.3%	$199,770
2023	$9,340 +7.8%	$199,770 +8.4%
2022	$8,664 +9.2%	$184,239 +10%
2021	$7,936	$167,490
2020	$7,936 +8.9%	$167,490
2019	$7,286	$167,490
2018	$7,286 +8.5%	$167,490
2017	$6,715 +108.7%	$167,490 +116%
2016	$3,218	$77,540
2015	$3,218	$77,540

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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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