Sold for $232,000

$232,000

48 Lake Forest Ln, Gamaliel, AR 72537

2beds

1,051sqft

Single Family Residence, Lake Home

Built in ----

2.96 Acres Lot

$241,800 Zestimate^®

$221/sqft

$900 Estimated rent

Home value

$241,800

$172,000 - $339,000

$900/mo

Zestimate^® history

Owner options

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$900/mo

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$900/mo

Rent Zestimate^®

Refinance and save

$1,422/mo

Est. payment

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$1,422/mo

Est. payment

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What's special

Cozy retreatBuild your dream homeBreathtaking viewsSpacious land

For the first time in over 40 years, this charming 2-bedroom, 1.5-bath home is available on 2.96 acres m/l with stunning panoramic views of Lake Norfork. This vintage property, offers a cozy retreat or weekend getaway filled with character. The spacious land provides plenty of room to build your dream home or expand, all while soaking in breathtaking views across from Mallard Point. Whether you’re looking for a peaceful escape or a promising investment, this lakeview property is a rare find with endless potential. Don’t miss your chance to own a piece of paradise with room to grow! *Home to be sold as is where is with the right of inspections. Lake view could be opened up to make even greater with clearing.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2
Full bathrooms: 1
1/2 bathrooms: 1

Heating

Central

Cooling

Central Air, Wall/Window Unit(s)

Appliances

Included: Refrigerator, Electric Range

Features

Basement: None
Number of fireplaces: 1
Fireplace features: One, Wood Burning

Interior area

Total structure area: 1,051
Total interior livable area: 1,051 sqft

Property

Parking

Total spaces: 2
Parking features: Garage
Has garage: Yes

Features

Body of water: Lake Norfork

Lot

Size: 2.96 Acres

Details

Parcel number: 00102777000

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence, Lake Home

Materials

Vinyl Siding

Community & HOA

Community

Subdivision: None

Location

Region: Gamaliel

Financial & listing details

Price per square foot: $221/sqft
Tax assessed value: $227,600
Annual tax amount: $2,078
Date on market: 6/12/2025

Price history

Date	Event	Price
6/5/2025	Sold	$232,000-7.2%$221/sqft
Source: Mountain Home MLS #131307 Report a problem
4/30/2025	Listed for sale	$249,900$238/sqft
Source: Mountain Home MLS #131307 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,078	$45,520
2024	$2,078	$45,520
2023	$2,078	$45,520
2022	$2,078 +1.7%	$45,520 +23.3%
2021	$2,044 +21.2%	$36,930
2020	$1,686 -1.1%	$36,930
2019	$1,704 +4.5%	$36,930
2018	$1,630	$36,930
2017	$1,630	$36,930 -1.5%
2016	$1,630 +5.2%	$37,510
2015	$1,550 +6.8%	$37,510
2014	$1,451 +44.5%	$37,510
2013	$1,004	$37,510
2012	--	$37,510 +1.9%
2011	$983	$36,800
2010	--	$36,800 +17.2%
2009	--	$31,400 +53.3%
2004	--	$20,480
2003	--	$20,480
2002	--	$20,480 +92.5%
2001	--	$10,640