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For sale
    • Price cut: $700K (7/31)
    $4,800,000

    507 Madison 5189, Elkins, AR 72727

    5beds
    5,700sqft
    : 
    $31,321/mo
    Get pre-qualified
    Single Family Residence
    Built in 2007
    97.48 Acres Lot
    $4,454,000 Zestimate®
    $842/sqft
    $-- HOA

    What's special

    Upstairs loft game roomTrails through the propertyBreathtaking panoramic viewsCustom-built main homeBarn with covered spaceFormal dining roomTwo pastures
    A truly one-of-a-kind legacy estate spanning nearly 100 acres of Ozark landscape, offering breathtaking panoramic views, abundant wildlife, and unmatched privacy. Named the "Black Bear Lodge", this property has endless possibilities such as a family compound, retreat, or hunting lodge. The estate includes separate residences- a custom-built main home, cottage house, and bunk house. The main home is thoughtfully designed to capture the surrounding views, with scenic vistas from the kitchen, a floor-to-ceiling native rock fireplace in the living area, formal dining room, and an upstairs loft game room. With 5 bedrooms and 4.5 bathrooms, the home offers ample space. The land itself features two pastures, a pond, a creek, and trails through the property. A barn with covered space provides additional storage and a place to enjoy the outdoors year-round. Known for its diverse wildlife, this sportsman’s dream presents a rare opportunity to own a private retreat where the beauty of the Ozarks and adventure come together.
    144 days
    541
    24

    Zillow last checked:

    Listing updated:

    Listed by:

    Jennifer Duvall 479-268-5170,

    Engel & Volkers Bentonville 479-268-5170

    Source: ArkansasOne MLS,MLS#: 1342470MLS LogoOriginating MLS: Northwest Arkansas Board of REALTORS MLS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 5
      • Full bathrooms: 4
      • 1/2 bathrooms: 1
      Heating
      • Heat Pump
      Cooling
      • Heat Pump
      Appliances
      • Included: Counter Top, Dishwasher, Electric Water Heater, Gas Cooktop, Microwave, Plumbed For Ice Maker
      • Laundry: Washer Hookup, Dryer Hookup
      Features
      • Wet Bar, Built-in Features, Ceiling Fan(s), Cathedral Ceiling(s), Granite Counters, Pantry, Programmable Thermostat, Split Bedrooms, Walk-In Closet(s), Multiple Living Areas, Mud Room
      • Flooring: Wood
      • Basement: Partial
      • Number of fireplaces: 3
      • Fireplace features: Bedroom, Family Room, Outside, Wood Burning
      Interior area
      • Total structure area: 5,700
      • Total interior livable area: 5,700 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 2
      • Parking features: Detached, Garage
      • Has garage: Yes
      • Covered spaces: 2
      Features
      • Levels: Three Or More
      • Stories: 3
      • Patio & porch: Covered, Deck
      • Exterior features: Concrete Driveway
      • Fencing: Partial,Picket,Privacy,Wood
      • Has view: Yes
      • Waterfront features: Creek, Pond
      Lot
      • Size: 97.48 Acres
      • Features: Cleared, Hardwood Trees, Landscaped, Not In Subdivision, None, Outside City Limits, Rural Lot, Views, Wooded
      Details
      • Additional structures: None, Workshop
      • Additional parcels included: 00102485000
      • Parcel number: 00102465001
      • Special conditions: None
      • Wooded area: 92

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Wood Siding
      • Foundation: Block
      • Roof: Metal
      Condition
      • New construction: No
      • Year built: 2007

      Utilities & green energy

      • Sewer: Septic Tank
      • Utilities for property: Electricity Available, Propane, Septic Available

      Community & HOA

      Community
      • Security: Security System, Smoke Detector(s)
      • Subdivision: /
      Location
      • Region: Elkins

      Financial & listing details

      • Price per square foot: $842/sqft
      • Tax assessed value: $1,120,400
      • Annual tax amount: $7,081
      • Date on market: 4/13/2026
      • Cumulative days on market: 144 days
      • Road surface type: Gravel

        Estimated market value

        $4,454,000

        $4.23M - $4.68M

        $4,907/mo

        Price history

        DateEventPrice
        7/31/2026Price change$4,800,000-12.7%$842/sqft
        Source: ArkansasOne MLS #1342470 Report a problem
        4/13/2026Listed for sale$5,500,000+485.1%$965/sqft
        Source: ArkansasOne MLS #1342470 Report a problem
        10/13/2020Sold$940,000+4.6%$165/sqft
        Source: ArkansasOne MLS #1145896 Report a problem
        5/1/2020Listed for sale$899,000-2.8%$158/sqft
        Source: Limbird Real Estate Group #1145896 Report a problem
        6/1/2018Listing removed$925,000$162/sqft
        Source: Lazenby Real Estate #1065451 Report a problem
        11/20/2017Listed for sale$925,000-43.9%$162/sqft
        Source: Lazenby Real Estate #1065451 Report a problem
        8/15/2013Listing removed$1,650,000$289/sqft
        Source: Coldwell Banker Harris McHaney & Faucette Real Estate #668549 Report a problem
        11/27/2012Listed for sale$1,650,000+750.5%$289/sqft
        Source: Coldwell Banker Harris McHaney & Faucette Real Estate #668549 Report a problem
        3/28/2006Sold$194,000$34/sqft
        Source: Agent Provided Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$6,462 +9.1%$143,556 +9.1%
        2024$5,924 +10%$131,593 +10%
        2023$5,386 $119,630
        2022$5,386 $119,630
        2021$5,386 +23.2%$119,630 +13.4%
        2020$4,373 $105,460
        2019$4,373 +9.7%$105,460
        2018$3,987 $105,460
        2017$3,987 $105,460
        2016$3,987 $105,460 -6.1%
        2015$3,987 $112,360
        2014-- $112,360
        2013-- $112,360
        2011-- $112,360 -6.8%
        2010$4,604 $120,500
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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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.
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        Climate risks

        Neighborhood: 72727

        Getting around

        0 / 100
        Car-Dependent

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: Huntsville

        Source: ArkansasOne MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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