Closed

$575,000

56 Arjona Way, Hot Springs Village, AR 71909

4beds

3,650sqft

Single Family Residence

Built in 1992

0.43 Acres Lot

$699,300 Zestimate^®

$158/sqft

$3,068 Estimated rent

Home value

$699,300

$650,000 - $762,000

$3,068/mo

Zestimate^® history

Owner options

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$3,068/mo

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$3,068/mo

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$3,509/mo

Est. payment

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$3,509/mo

Est. payment

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What's special

Lakefront luxury on Lake Cortez! This expansive 4 bedroom, 3 bathroom brick home spans two stories, offering breathtaking lake views and a private boat house complete with a lift. Inside, discover spacious living areas, natural lighting throughout, and a grand master suite overlooking the serene waters of Lake Cortez. Additional features include a wood burning fireplace, recessed lighting, full wet bar downstairs, and newly painted upper and lower decks, perfect for relaxing and unwinding or entertaining guests. This magnificent lakefront retreat is truly a rare find—a blend of classic architecture, modern amenities, and unparalleled natural beauty.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 3
Full bathrooms: 3

Rooms

Room types: Formal Living Room, Den/Family Room, Sun Room, Basement

Dining room

Features: Separate Dining Room, Kitchen/Dining Combo, Breakfast Bar

Heating

Electric

Cooling

Electric

Appliances

Included: Free-Standing Range, Microwave, Electric Range, Dishwasher, Electric Water Heater
Laundry: Washer Hookup, Electric Dryer Hookup, Laundry Room

Features

Wet Bar, Walk-In Closet(s), Balcony/Loft, Ceiling Fan(s), Walk-in Shower, Pantry, Sheet Rock, Primary Bedroom/Main Lv, 3 Bedrooms Same Level
Flooring: Carpet, Tile, Luxury Vinyl
Basement: Finished,Interior Entry,Walk-Out Access,Heated,Cooled
Has fireplace: Yes
Fireplace features: Woodburning-Site-Built

Interior area

Total structure area: 3,650
Total interior livable area: 3,650 sqft

Property

Parking

Total spaces: 2
Parking features: Garage, Two Car, Garage Faces Side
Has garage: Yes

Features

Levels: Two
Stories: 2
Patio & porch: Deck, Porch
Exterior features: Rain Gutters, Dock
Fencing: Partial,Wrought Iron
Has view: Yes
View description: Lake
Has water view: Yes
Water view: Lake
Waterfront features: Hoist/Lift, Lake Front, Lake
Body of water: Lake: Cortez

Lot

Size: 0.43 Acres
Features: Sloped, Corner Lot, Resort Property, Subdivided, Waterfront

Details

Additional structures: Boat House
Parcel number: 77200039000

Construction

Type & style

Home type: SingleFamily
Architectural style: Traditional
Property subtype: Single Family Residence

Materials

Brick
Foundation: Crawl Space
Roof: Shingle

Condition

New construction: No
Year built: 1992

Utilities & green energy

Sewer: Community Sewer
Water: POA Water

Community & HOA

Community

Features: Pool, Tennis Court(s), Sauna, Playground, Clubhouse, Party Room, Picnic Area, Mandatory Fee, Marina, Hot Tub, Golf, Fitness/Bike Trail, Gated
Security: Security
Subdivision: ZAFIRO

HOA

Has HOA: Yes
Services included: Security
HOA fee: $110 monthly

Location

Region: Hot Springs Village

Financial & listing details

Price per square foot: $158/sqft
Tax assessed value: $578,560
Annual tax amount: $3,023
Date on market: 6/22/2024
Listing terms: VA Loan,FHA,Conventional,Cash
Road surface type: Paved

Price history

Date	Event	Price
8/12/2024	Sold	$575,000-4%$158/sqft
Source: CARMLS #24022022 Report a problem
7/9/2024	Contingent	$599,000$164/sqft
Source: HSDS #146905 Report a problem
5/10/2024	Price change	$599,000-7.8%$164/sqft
Source: CARMLS #24001509 Report a problem
4/11/2024	Price change	$650,000-7%$178/sqft
Source: CARMLS #24001509 Report a problem
2/19/2024	Price change	$699,000-9.8%$192/sqft
Source: CARMLS #24001509 Report a problem
1/29/2024	Price change	$775,000-3%$212/sqft
Source: CARMLS #24001509 Report a problem
1/13/2024	Listed for sale	$799,000+56.1%$219/sqft
Source: CARMLS #24001509 Report a problem
9/7/2023	Sold	$512,000-6.9%$140/sqft
Source: CARMLS #23010391 Report a problem
8/28/2023	Contingent	$550,000$151/sqft
Source: CARMLS #23010391 Report a problem
5/28/2023	Price change	$550,000-2.7%$151/sqft
Source: CARMLS #23010391 Report a problem
4/10/2023	Listed for sale	$565,000+88.3%$155/sqft
Source: CARMLS #23010391 Report a problem
3/18/2020	Sold	$300,000-8.7%$82/sqft
Source: CARMLS #19028508 Report a problem
11/14/2019	Price change	$328,500-0.5%$90/sqft
Source: Trademark Real Estate Inc. HSV #19028508 Report a problem
9/27/2019	Price change	$330,000-12%$90/sqft
Source: Trademark Real Estate Inc. HSV #19028508 Report a problem
8/31/2019	Listed for sale	$375,000$103/sqft
Source: Trademark Real Estate Inc. HSV #19028508 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$5,149	$115,712
2024	$5,149 +70.3%	$115,712 +49.3%
2023	$3,023 -1.6%	$77,490
2022	$3,073 -10.9%	$77,490
2021	$3,448 +47%	$77,490
2020	$2,346	$77,490
2019	$2,346 -1.1%	$77,490
2018	$2,371	$77,490
2017	$2,371	$77,490 -6.6%
2016	$2,371	$82,930
2015	$2,371	$82,930 +35.6%
2014	$2,371 -12.7%	$61,140
2013	$2,715	$61,140 -26.3%
2012	--	$82,930 -5.7%
2011	--	$87,900
2010	--	$87,900
2009	--	$87,900 -2.1%
2008	--	$89,790
2007	--	$89,790
2006	$2,143	$89,790 +31.4%
2005	--	$68,330
2004	--	$68,330 +18.1%
2003	$2,055	$57,870