Live where others vacation — and let the second home fund the dream. This two-home property on 2 acres m/l along Hwy 101 in Gamaliel sits just 1.5 miles from 101 Marina and Norfork Lake. Keep one home as your full-time residence and rent the other or run both as short-term rentals — already operating as successful Airbnbs with 5-star reviews and bookings secured. The main home offers 2,091 sq ft across two levels, featuring 4 bedrooms, a bonus office, and 3 full baths, plus a full walk-out basement. The separate 600 sq ft guest house includes 1 bed, 1 bath, a full kitchen, and a private back deck — 2,691 total sq ft of income-producing potential. Recent updates include a new electrical panel, plumbing throughout, and an 80-gallon water heater. The 2-acre m/l lot leaves plenty of room to add a shop, boat storage, or whatever the lake life calls for. Just 12 miles to Mountain Home. Dual income. Lake lifestyle. Priced to move.
For sale
Price cut: $5.1K (9/16)
$379,900
4285 Highway 101, Gamaliel, AR 72537
5beds
2,691sqft
Single Family Residence
Built in ----
2.12 Acres Lot
$-- Zestimate®
$141/sqft
$-- HOA
What's special
- 147 days
- 218
- 29
Zillow last checked:
Listing updated:
Listed by:
Alex Hoffmann,
REMAX TWIN LAKES 870-701-0222
Source: Mountain Home MLS,MLS#: 134176
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Central, Natural Gas
Cooling
- Central Air, Electric
Appliances
- Included: Dishwasher, Refrigerator, Electric Range
- Laundry: Washer/Dryer Hookups
Features
- Basement: 1/2
- Number of fireplaces: 1
- Fireplace features: One, Free Standing, Living Room, Wood Burning
Interior area
- Total structure area: 2,691
- Total interior livable area: 2,691 sqft
Video & virtual tour
Property
Parking
- Total spaces: 1
- Parking features: Garage
- Has garage: Yes
Lot
- Size: 2.12 Acres
Details
- Parcel number: 00209516000
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Stone, Concrete Composite
Community & HOA
Community
- Subdivision: Rosalie Addn
Location
- Region: Gamaliel
Financial & listing details
- Price per square foot: $141/sqft
- Tax assessed value: $148,600
- Annual tax amount: $399
- Date on market: 5/14/2026
Estimated market value
Not available
Estimated sales range
Not available
$2,110/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/16/2026 | Price change | $379,900-1.3%$141/sqft |
Source: Mountain Home MLS #134176 Report a problem | ||
| 8/4/2026 | Price change | $385,000-3.7%$143/sqft |
Source: Mountain Home MLS #134176 Report a problem | ||
| 5/14/2026 | Listed for sale | $399,900+280.9%$149/sqft |
Source: Mountain Home MLS #134176 Report a problem | ||
| 7/31/2025 | Sold | $105,000-34.4%$39/sqft |
Source: Mountain Home MLS #131756 Report a problem | ||
| 6/30/2025 | Price change | $160,000-20%$59/sqft |
Source: Mountain Home MLS #131756 Report a problem | ||
| 6/19/2025 | Listed for sale | $199,900+138%$74/sqft |
Source: Mountain Home MLS #131756 Report a problem | ||
| 11/3/1997 | Sold | $84,000$31/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $399 -20% | $21,890 |
| 2024 | $500 -10% | $21,890 +4.2% |
| 2023 | $555 -5% | $21,000 |
| 2022 | $584 +3.7% | $21,000 +2.2% |
| 2021 | $563 | $20,540 -16.6% |
| 2020 | $563 -3.1% | $24,620 |
| 2019 | $581 +2.8% | $24,620 |
| 2018 | $565 | $24,620 |
| 2017 | $565 | $24,620 -3.7% |
| 2016 | $565 +3.3% | $25,570 |
| 2015 | $547 | $25,570 |
| 2014 | $547 -24.2% | $25,570 |
| 2013 | $721 | $25,570 |
| 2012 | -- | $25,570 +3.9% |
| 2011 | $706 | $24,600 |
| 2010 | -- | $24,600 +1.3% |
| 2009 | -- | $24,280 +28.4% |
| 2006 | -- | $18,910 |
| 2005 | -- | $18,910 |
| 2004 | -- | $18,910 |
| 2003 | -- | $18,910 |
| 2002 | -- | $18,910 +1.2% |
| 2001 | -- | $18,680 |
Find assessor info on the county website
Monthly payment
Est. payment




