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    • $1,350,000

    500 Island Shores Dr, Drasco, AR 72530

    5beds
    4,877sqft
    Single Family Residence
    Built in 2022
    1.04 Acres Lot
    $1,347,200 Zestimate®
    $277/sqft
    $5,409 Estimated rent

    Home value

    $1,347,200

    Estimated sales range

    Not available

    $5,409/mo

    Zestimate® history
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    What's special

    Waterfront propertyPrivate deckBreathtaking lake viewsOversized master suiteGourmet luxury kitchenDirect water accessSpa-like bath
    Waterfront property positioned in the heart of the prestigious Tannenbaum Resort on GREERS FERRY LAKE. Discover unparalleled lakefront luxury with this stunning 4,877 sq. ft. home on 1 acre, featuring 230’ of pristine water frontage. Perfectly designed for both relaxation and entertaining, this property offers breathtaking lake views, direct water access, & front-row seats to the 4th of July fireworks at Sandy Beach. Inside, you’ll find 5 spacious bedrooms, 4 baths, and 2 fireplaces—one of which is a grand stone wood-burning centerpiece in the vaulted living room. The gourmet luxury kitchen is a chef’s dream, boasting smart appliances and high-end finishes. Retreat to the oversized master suite with a spa-like bath & private deck is ideal, while the 2 living areas storm cellar & 2 laundry rooms add convenience & comfort. Step outside to expansive decks overlooking the lake, perfect for soaking in stunning sunsets. The oversized garage provides ample storage for your lake toys, & with a private airport strip, boat ramp, & the scenic Tannenbaum Golf Course just minutes away, this home is an outdoor enthusiast’s paradise. Enjoy the best of lakefront living!

    Zillow last checked:

    Listing updated:

    Listed by:

    Cheryl Shook 870-672-2054,

    RE/MAX Advantage Heber Springs

    Bought with:

    Bobby Dwyer, AR

    Tannenbaum Properties

    Source: CARMLS,MLS#: 25021541MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 4
    • Full bathrooms: 4
    Rooms
    • Room types: Great Room, Basement
    Dining room
    • Features: Eat-in Kitchen, Kitchen/Dining Combo
    Heating
    • Electric, Heat Pump
    Cooling
    • Electric
    Appliances
    • Included: Double Oven, Microwave, Gas Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer
    • Laundry: Laundry Room
    Features
    • Walk-In Closet(s), Ceiling Fan(s), Walk-in Shower, Breakfast Bar, Pantry, Sheet Rock, Sheet Rock Ceiling, Vaulted Ceiling(s), Primary Bedroom/Main Lv, 2 Bedrooms Upper Level, 3 Bedrooms Lower Level
    • Flooring: Tile, Luxury Vinyl
    • Doors: Insulated Doors
    • Windows: Insulated Windows, Low Emissivity Windows
    • Has fireplace: Yes
    • Fireplace features: Woodburning-Site-Built
    Interior area
    • Total structure area: 4,877
    • Total interior livable area: 4,877 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage, Two Car
    • Has garage: Yes
    Accessibility
    • Accessibility features: Customized Wheelchair Accessible
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Patio, Deck, Porch
    • Exterior features: Rain Gutters
    • Has spa: Yes
    • Spa features: Whirlpool/Hot Tub/Spa
    • Has view: Yes
    • View description: Lake
    • Has water view: Yes
    • Water view: Lake
    • Waterfront features: Ski Lake, Lake Front, Lake
    • Body of water: Lake: Greers Ferry
    Lot
    • Size: 1.04 Acres
    • Features: Sloped, Resort Property, Subdivided, River/Lake Area, Waterfront
    Details
    • Parcel number: 00205415223

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Craftsman
    • Property subtype: Single Family Residence
    Materials
    • Brick, Stone
    • Foundation: Slab/Crawl Combination
    • Roof: Composition
    Condition
    • New construction: No
    • Year built: 2022

    Utilities & green energy

    • Electric: Electric-Co-op
    • Sewer: Septic Tank
    • Water: Public
    Green energy
    • Energy efficient items: Doors

    Community & HOA

    Community
    • Features: Playground, Clubhouse, Picnic Area, Golf, Airport/Runway
    • Security: Smoke Detector(s), Safe/Storm Room
    • Subdivision: Island Shores Phase II
    HOA
    • Has HOA: No
    Location
    • Region: Drasco

    Financial & listing details

    • Price per square foot: $277/sqft
    • Tax assessed value: $1,003,785
    • Annual tax amount: $5,324
    • Date on market: 6/3/2025
    • Listing terms: VA Loan,FHA,Conventional,Cash
    • Road surface type: Paved

    Price history

    DateEventPrice
    10/21/2025Sold$1,350,000-12.9%$277/sqft
    Source: CARMLS #25021541 Report a problem
    8/28/2025Price change$1,550,000-3.1%$318/sqft
    Source: CARMLS #25021541 Report a problem
    7/1/2025Price change$1,599,000-10.7%$328/sqft
    Source: CARMLS #25021541 Report a problem
    6/3/2025Listed for sale$1,790,000$367/sqft
    Source: CARMLS #25021541 Report a problem
    6/3/2025Listing removed$1,790,000$367/sqft
    Source: CARMLS #25012810 Report a problem
    5/23/2025Price change$1,790,000-9.1%$367/sqft
    Source: CARMLS #25012810 Report a problem
    4/3/2025Listed for sale$1,970,000+2617.2%$404/sqft
    Source: CARMLS #25012810 Report a problem
    11/4/2020Sold$72,500-48.2%$15/sqft
    Source: CARMLS #18026322 Report a problem
    9/26/2006Sold$140,000$29/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,856 +10%$151,327 +10%
    2024$5,324 +0.7%$137,570 +0.7%
    2023$5,285 +1141.5%$136,570 +1141.5%
    2022$426 +10%$11,000 +10%
    2021$387 $10,000
    2020$387 $10,000
    2019$387 $10,000
    2018$387 $10,000
    2017$387 $10,000 -40.5%
    2016$387 -40.5%$16,810
    2015$651 $16,810
    2014$651 $16,810
    2013$651 +14.5%$16,810
    2012$568 $16,810
    2011$568 +5.1%$16,810 +5.1%
    2010$541 $16,000
    2009-- $16,000
    2008$541 $16,000
    Find assessor info on the county website

    Neighborhood: 72530

    Nearby schools

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    An equal housing lender. NMLS #10287.

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