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510 E Main St, Magnolia, AR, 71753

5beds
6baths
3,993sqft
$399,300
$100price/sqft
$3,530/moest. monthly cost
$141,200/yrincome needed

About This Home

View website: http://emainst.fsbocampus.net - The former Magnolia Place Inn Bed and Breakfast, is located in scenic downtown Magnolia, Arkansas, a short drive from Hot Springs, and the Casinos of Shreveport and Mississippi. The 1910 Craftsman home is four blocks from the picturesque square and its historic murals and shops near South Arkansas University. http //web.saumag.edu/. Visitors and family members of SAU students often chose to stay at the inn. The owners are frequently asked to allow weddings and photography in the home. The charming town attracts crowds to several major events each year including the Blossom Festival with its World Championship Steak Cook-Off. http //www.blossomfestival.org. Main Street parades can be viewed from the walk-around-porch and the second story balcony. With a pristine and deep restoration in 1994, the home is situated on a large lot with trellised gardens, vintage flowers and shrubs such as Holly, Camellia, Daylily, Azalea, Crepe Myrtle, Magnolia, Japanese Magnolia, Jonquil, Pecan and Wisteria. A large sprinkler system hydrates multiple gardens and lawn. The home is 4000 sq. ft. of luxury with tall ceilings, period wallpaper, and heart of pine floors, pocket doors, pristine woodwork, transoms, claw foot tubs, stained glass, plus a wrap around porch with swing. Floor-to-ceiling drapes, custom made at a cost of $26,000.00 add great elegance and a touch of class. The inn was taken private in 2001 when the present residents spent a weekend as guest and soon purchased the inn for their residence. The last registered guest was Governor Mike Huckaby. Featuring an owner's suite downstairs, four rooms/five baths upstairs surrounding a large center foyer affording privacy for each suite, it's the perfect combination home and income. A $125.00 daily rate at 30% occupancy covers the usual mortgage and utilities completely. There are 5 bedrooms (16X16) and 6 baths. The attic and brick studio/garage can be converted to a six and seventh room if desired. Vintage furnishings are included with some exceptions.

Getting Around

60
WalkingSomewhat Walkable
0
TransitVery Limited Transit
48
BikeSomewhat Bikeable

Schools

5/10
5/10
Magnolia Jr. High SchoolGrades 6-80.2 mi
5/10
Magnolia High SchoolGrades 9-121.3 mi

Construction

Condition

  • Year built: 1910

Materials

  • Foundation: Piers
  • Roof: Other
  • Construction materials: Frame

Type & Style

  • Home type: SingleFamily

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Garbage disposal,Microwave,Range / Oven,Refrigerator,Washer

Basement

  • Basement: None

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 6
  • Full bathrooms: 6
  • 1/4 bathrooms: 1

Features

  • Flooring: Softwood,Tile,Carpet,Linoleum / Vinyl
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Forced air,Other,Gas
  • Cooling features: Central

Interior Area

  • Total interior livable area: 3,993 sqft

Property

Details

  • Parcel number: 010178800000

Features

  • Exterior features: Wood,Brick
  • Has view: Yes
  • View description: City

Lot

  • Lot size: 0.60 Acres

Parking

  • Total spaces: 6
  • Parking features: Carport,Garage - Detached,Off-street