Water Views - New Construction
Address
141 Penbay, Hot Springs, AR
Price
$ 447,000
Property Attributes
- MLS#154684
- TypeSingle Family
- Listing Status Active
- CountyGARLAND
- CityHot Springs
- AreaLakeside
- Neighborhood28-3S-20
- Zip71901
- StyleCustom
- Year Built1978
- Taxes$ 239
- Price$ 447,000
- Bedrooms3
- Full Bathrooms2
- Half Bathrooms0
- Sqr Footage1680
- Lot Size3.24 Acres
Data Source:
Hot Springs BOR
Property Description
A rare opportunity to own approximately 3+ acres in the desirable Peninsula Point area with elevated views overlooking Lake Hamilton. Set in a peaceful, natural setting, the property offers the potential for expansive panoramic lake views along with multiple possibilities for renovation, new construction, or future development. The existing one-owner home is in need of substantial TLC and renovation, but its history and design set it apart. The residence was architecturally designed by the ownerâs brother, who studied under renowned Arkansas architect E. Fay Jones, and was built by the ownerâs father, a general contractor with more than 30 years of residential and commercial construction experience. Its distinctive design provides a compelling foundation for buyers interested in restoring, renovating, or reimagining a truly unique property. The generous acreage also creates flexibility for a variety of uses. A buyer may choose to renovate the existing residence, use it as a guest home while constructing a new primary residence positioned to maximize the elevated lake views, or explore the possibility of subdividing the property into multiple buildable lots, subject to applicable city approvals, zoning, utilities, and development requirements. Located just minutes from Lake Hamilton amenities and the conveniences of Hot Springs, this property offers an uncommon combination of acreage, architectural character, privacy, lake-view potential, and development possibilities.
| Price History | |
|---|---|
| 3/27/2026 | Listed $529,000 |
| 5/18/2026 | 7$495,000 |
| 7/16/2026 | 10$447,000 |
General Features
| Utilities | Sewer - Municipal,Water - Municipal,Electric â Entergy |
|---|---|
| Roof | Composition |
| Fireplaces | Woodburning - Site-Built |
| Garage | Two Car,Garage |
| Full Baths | 2 |
| Year Built | 1978 |
| Subdivision | 28-3S-20 |
| Style | Custom |
| Stories Count | Two Story |
| County | Garland |
| Class | RESIDENTIAL |
| Type | Residential Single Family |
| Tax Year | 2025 |
| Frequency | None |
| Status | ACTIVE |
| Subdivision | AR |
| Sale/Rent | For Sale |
| Docs on File | None |
| Primary City | Hot Springs |
| Virtual Tour | https://snapmagicmedia.hd.pics/141-Penbay-Pl/idx |
| Directions | Off Lake Park Dr go west on Bayshore Dr to Peninsula Dr and turn left onto Penbay Pl. |
| City | Hot Springs |
| School District | Lakeside |
| DOM | 178 |
| Postal Code | 71901 |
| Price Per Sq Ft Total AG | 266.07 |
| Public Remarks | A rare opportunity to own approximately 3+ acres in the desirable Peninsula Point area with elevated views overlooking Lake Hamilton. Set in a peaceful,natural setting,the property offers the potenti |
Interior Features
| Interior Amenities | Breakfast Bar,Washer Connection,Dryer Connection-Electric,Water Heater-Electric,Balcony/Loft,Ceiling Fan(s),Primary Bedroom w/Bath |
|---|---|
| Floors | Carpet,Tile,Vinyl Plank |
| DINING AREA | Living/Dining Combo |
| KITCHEN EQUIPMENT | Free-Standing Stove,Microwave,Dishwasher,Disposal,Refrigerator Stays |
| Number of Bedrooms | 3 |
Exterior Features
| Exterior | Siding |
|---|---|
| Road Surface | Paved |
| Waterfront | Lake Hamilton,Lake View |
| Foundation | Slab |
| Lot Size Area | 3.24 |
| Exterior Features | Patio,Screened Porch,Partially Fenced,Fenced Back Yard |
| Lot | Wooded,Mountain View,Vista View,Acreage,In City,Lake View |
| Approx Lot Size | 141134 |
| Approx SqFt | 1680 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 71901
Price
Taxes
Year Built
Visits
Cooperative Arkansas REALTORS®l MLS, Inc. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may
Northwest Arkansas Board of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating
