Rare two-home layout - live in one level, rent the other. This beautifully maintained property combines stunning views, exceptional flexibility, and income-producing potential—all in one remarkable home. Located less than three minutes from the West Gate, DeSoto Golf Club, pool, pickleball, shopping, and restaurants, it provides easy access to many of the Village's top amenities. This single-family residence features separate entrances, driveways, and garages - ideal for multi-generational living, guests, or rental income. Both levels feature durable hard-surface flooring, while the upper level offers a split-bedroom layout. Enjoy a private, low-maintenance yard with your own paved path leading directly to walking and biking trails and the DeSoto golf course. Recent improvements include updated decks, interior paint, attic insulation, whole-house water filtration, updated HVAC with UV air purification, new water heater with timer, and new large capacity W/D upstairs. The furnished lower level has its own W/D and is turnkey and rental-ready. Enjoy the flexibility of a two-home layout, a prime Village location and the potential for rental income.
Active
Price cut: $6.1K (9/29)
$338,900
54 Malaga Way, Hot Springs, AR 71909
3beds
2,420sqft
Single Family Residence
Built in 1987
0.26 Acres Lot
$332,100 Zestimate®
$140/sqft
$116/mo HOA
What's special
Separate entrancesFurnished lower levelStunning viewsSplit-bedroom layoutUpdated decksAttic insulationWhole-house water filtration
- 85 days
- 472
- 31
Zillow last checked:
Listing updated:
Listed by:
Scott J Loupe 501-489-2084,
1 Percent Lists Arkansas Real Estate 479-445-9389
Source: CARMLS,MLS#: 26028844
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Rooms
- Room types: In-Law Quarters
Dining room
- Features: Separate Dining Room
Appliances
- Included: Free-Standing Range, Microwave, Dishwasher, Disposal
- Laundry: Laundry Room
Features
- Primary Bedroom/Main Lv, Guest Bedroom/Main Lv, Guest Bedroom Apart
- Flooring: Luxury Vinyl
- Has fireplace: Yes
- Fireplace features: Factory Built
Interior area
- Total structure area: 2,420
- Total interior livable area: 2,420 sqft
Property
Parking
- Total spaces: 3
- Parking features: Garage, Three Car
- Has garage: Yes
Features
- Levels: Two
- Stories: 2
Lot
- Size: 0.26 Acres
- Features: Sloped
Details
- Parcel number: 20056800030000
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Foundation: Slab/Crawl Combination
- Roof: Shingle
Condition
- New construction: No
- Year built: 1987
Utilities & green energy
- Electric: Elec-Municipal (+Entergy)
- Water: Public, POA Water
Community & HOA
Community
- Subdivision: SANTA CRUZ
HOA
- Has HOA: Yes
- HOA fee: $116 monthly
Location
- Region: Hot Springs
Financial & listing details
- Price per square foot: $140/sqft
- Tax assessed value: $211,050
- Annual tax amount: $1,785
- Date on market: 7/16/2026
- Road surface type: Paved
Estimated market value
$332,100
$315,000 - $349,000
$2,243/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/29/2026 | Price change | $338,900-1.8%$140/sqft |
Source:  CARMLS #26028844 Report a problem | ||
| 9/4/2026 | Listed for sale | $345,000$143/sqft |
Source: CARMLS #26028844 Report a problem | ||
| 8/22/2026 | Listing removed | $345,000$143/sqft |
Source: CARMLS #26028844 Report a problem | ||
| 7/31/2026 | Price change | $345,000-2.8%$143/sqft |
Source: CARMLS #26028844 Report a problem | ||
| 7/16/2026 | Listed for sale | $355,000+11.3%$147/sqft |
Source: CARMLS #26028844 Report a problem | ||
| 10/30/2024 | Sold | $319,000-6.1%$132/sqft |
Source: CARMLS #24019210 Report a problem | ||
| 10/8/2024 | Contingent | $339,900$140/sqft |
Source: CARMLS #24019210 Report a problem | ||
| 6/26/2024 | Listed for sale | $339,900$140/sqft |
Source:  HSDS #146659 Report a problem | ||
| 6/13/2024 | Contingent | $339,900$140/sqft |
Source: CARMLS #24019210 Report a problem | ||
| 6/3/2024 | Listed for sale | $339,900-7.9%$140/sqft |
Source: CARMLS #24019210 Report a problem | ||
| 4/28/2024 | Listing removed | $369,000$152/sqft |
Source: HSDS #145459 Report a problem | ||
| 3/5/2024 | Price change | $369,000-1.6%$152/sqft |
Source: CARMLS #24006730 Report a problem | ||
| 2/29/2024 | Price change | $375,000-0.2%$155/sqft |
Source: HSDS #145459 Report a problem | ||
| 2/29/2024 | Listed for sale | $375,900+0.2%$155/sqft |
Source: CARMLS #24006730 Report a problem | ||
| 2/29/2024 | Listing removed | $375,000$155/sqft |
Source: CARMLS #24005866 Report a problem | ||
| 2/22/2024 | Listed for sale | $375,000-0.2%$155/sqft |
Source: CARMLS #24005866 Report a problem | ||
| 5/19/2022 | Listing removed | $375,900$155/sqft |
Source: CARMLS #21039136 Report a problem | ||
| 12/7/2021 | Listed for sale | $375,900+122.4%$155/sqft |
Source: CARMLS #21039136 Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 6/4/2018 | Sold | $169,000+9%$70/sqft |
Source: CARMLS #18017151 Report a problem | ||
| 9/21/2017 | Listing removed | $1,200 |
Source: Owner Report a problem | ||
| 9/11/2017 | Listed for rent | $1,200 |
Source: Owner Report a problem | ||
| 2/21/2012 | Listing removed | $155,000$64/sqft |
Source: RE/MAX of Hot Springs Village #10290850 Report a problem | ||
| 10/9/2011 | Price change | $155,000-6.6%$64/sqft |
Source: RE/MAX of Hot Springs Village #10290850 Report a problem | ||
| 8/29/2011 | Price change | $166,000-1.8%$69/sqft |
Source: RE/MAX of Hot Springs Village #10290850 Report a problem | ||
| 6/18/2011 | Listed for sale | $169,000$70/sqft |
Source: RE/MAX of Hot Springs Village #10290850 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,785 +100.9% | $42,210 +30.4% |
| 2024 | $889 +0.4% | $32,374 +4.5% |
| 2023 | $885 +1.1% | $30,966 +4.8% |
| 2022 | $875 +7.3% | $29,558 +5% |
| 2021 | $816 | $28,150 |
| 2020 | $816 -1.5% | $28,150 -1.1% |
| 2019 | $828 -2.9% | $28,450 |
| 2018 | $853 -29.1% | $28,450 |
| 2017 | $1,203 -13.9% | $28,450 -13.9% |
| 2016 | $1,398 | $33,060 |
| 2015 | $1,398 +0% | $33,060 |
| 2014 | $1,398 0% | $33,060 |
| 2013 | $1,398 | $33,060 |
| 2012 | $1,398 -4.8% | $33,060 -4.8% |
| 2011 | $1,469 +109.4% | $34,730 +24.2% |
| 2009 | $701 | $27,964 |
| 2008 | $701 -6.7% | $27,964 |
| 2007 | $751 | $27,964 |
| 2006 | -- | $27,964 |
| 2005 | -- | $27,964 |
| 2004 | -- | $27,964 |
| 2003 | -- | $27,964 +0% |
| 2001 | -- | $27,957 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 71909
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