Rare opportunity to acquire an entire turnkey, income-producing compound on Lake Hamilton — 4 residences, 2 game rooms, and 4.62 combined acres (including 3.35 acres of vacant land), sold together as a single property. Currently operating as an active VRBO/Airbnb rental portfolio, this is a compelling opportunity for investors seeking established short-term rental income, an extended family compound, or a private lake retreat with room for guests. Lake Hamilton offers a laid-back Arkansas lake lifestyle — boating, fishing, swimming, and sunset views just outside your door, with the shops, dining, and attractions of Hot Springs only minutes away. It's a destination guests return to year after year, making it a natural fit for a thriving short-term rental business. 687 & 689 Little Mazarn — Main House + Cottage The main residence offers 1,440 sq ft with 2 bedrooms and 2 baths. Originally built in 1960, it's been thoughtfully updated throughout. This parcel boasts an impressive 308 feet of Lake Hamilton frontage, with a single-stall boat dock and lift. Sharing the same parcel is an updated cottage with 1 bedroom and 1 bath upstairs, plus a matching layout downstairs, for 560 sq ft total across the two levels. 683 Little Mazarn — Newer Construction Home Built in 2022, this home offers 864 sq ft, 2 bedrooms, and 2 baths, beautifully furnished — move-in or rental ready. 679 Little Mazarn — Sister Rental Property A near-identical match to 683 Little Mazarn at 864 sq ft, this property adds 93.5 feet of Lake Hamilton frontage — a fantastic rental with direct water access. Two Game Rooms Each housed in its own separate metal utility building — great flex space for entertaining, hobbies, or storage. Adjacent Vacant Land 3.35 of the 4.62 total acres is vacant land — room to expand, build additional structures, or preserve for privacy. Property Totals 4.62 combined acres (including 3.35 vacant) 3,728 total sq ft across 4 residences 7 bedrooms, 7 bathrooms 401.5 combined feet of Lake Hamilton frontage Single-stall boat dock with lift Active, income-producing VRBO/Airbnb portfolio
Explore the cost of this home by adjusting the details. Changes won't be saved.
Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
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.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.