See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

406 E Academy St, Paris, AR, 72855

5beds
7baths
0sqft
$735,000
--price/sqft
$5,247/moest. monthly cost
$209,880/yrincome needed

About This Home

(New Price Improvement on this amazing property!) In the community of Paris, Arkansas (a rising tourist destination minutes from the Lodge at Mt. Magazine), you will find this beautiful property! At approximately 9,000 square feet, this magnificent home has so much to offer. With it's stately features, grand columns, and large back patio, this place has it all! It could be your next family home, a Venue for Parties and Weddings, Bed and Breakfast, VRBO, or maybe even a Spa-Like Retreat. The property is completely fenced on 2.5 acres m/l, so there is plenty of room to work with. In the back part of the yard, there is a fruit producing pear and apple tree, large lawn and an older tennis court with a small storage building for all your equipment. The home itself has 2 master suites (One is on the main floor and one is on the 2cnd floor with a balcony!), 3 large bedrooms with bathrooms, 2 laundry areas(main floor and 2cnd floor), 2 fully operational kitchens, living room, den, library, sunroom, formal dining room, 3 car garage with attic storage, plus 1/2 bath on main floor. The basement area, which is where the 2cnd kitchen is located, has two large tiled rooms, tons of storage and a bathroom with shower. It would make a great space for house guests, the kids when they come home for the holidays, or even extended stay company. The very top floor is all open and formerly used as an office. This area would be great space for a work from home job. It is a nice quiet space and the windows provide natural light plus a birds eye view of the driveway and back yard. This home does have an elevator that goes from the basement to the top floor, (it just needs to be serviced). Home is being sold as is and will need a few repairs and updates. *Buyer must have proof of funds before viewing. *Approval for rezoning may be required, depending on use.

Getting Around

54
WalkingSomewhat Walkable
0
TransitVery Limited Transit
39
BikeSomewhat Bikeable

Schools

5/10
Paris Middle SchoolGrades 5-80.6 mi
4/10
Paris High SchoolGrades 9-121.3 mi
6/10
Paris Elementary SchoolGrades PK-40.6 mi

Construction

Materials

  • Roof: Asphalt
  • Construction materials: Masonry - Brick,Brick Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Colonial
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dryer,Microwave,Oven,Washer,Water Heater

Basement

  • Area: 2308

Basement

  • Has basement: Yes
  • Basement: Full,Finished,Kitchen,Walk-Out Access,Bathrooms(1)

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 7
  • Full bathrooms: 6
  • 1/2 bathrooms: 1

Features

  • Flooring: Hardwood,Carpet,Tile
  • Number of fireplaces: 2
  • Fireplace: Yes
  • Finished area above ground: 7,148

Heating & Cooling

  • Heating features: Heat Pump
  • Cooling features: Central

Interior Area

  • Total structure area: 9,456

Kitchen

  • Features: Eat-in Kitchen,Tile Counters

Property

Details

  • Parcel number: 000000000.0000000000.000
  • Lease amount: 0

Features

  • Stories: 3
  • Patio & porch: Patio,Covered Porch
  • Fencing: Fenced

Lot

  • Lot size: 2.50 Acres

Parking

  • Total spaces: 3
  • Parking features: Driveway,Attached
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Ice Storm
    Ice StormVery High
  • Lightning
    LightningVery High
  • Heat Wave
    Heat WaveRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate

How This Home’s Risks Compare

Ice Storm
Lightning
Heat Wave
Strong Wind
Tornado
Winter Weather
Cold Wave
Hail
Inland Flooding

FEMA Declared Disasters Across Arkansas Counties

Flood
Severe Storm
Tornado
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,716$44,592
Home Insurance $721$8,652
Property Taxes $293$3,516
Electricity $517$6,211
Total$5,247$62,964

Income You'd Need if You Spent...

35% on housing$179,897/yr
40% on housing$157,410/yr
45% on housing$139,920/yr

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 11.3%
11.3%
0%30.0%
Electricity Growth Rate10-year average: 4.3%
4.3%
0%15.0%
Property Taxes Growth Rate2-year average: 3.7%
3.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 72855$135
Logan County$113

vs Homes Sold Last Month

Median $/sqft

ZIP 72855
Logan County$104

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2025-09-29Listed for sale$775,000
2025-08-01Listing removed$800,000
2024-09-11Listed for sale$800,000
2024-07-24Listing removed$800,000
2024-06-03Price change$800,000
2023-08-09Listed for sale$999,000

For Sale by Agent

AgentJulia Snow
BrokerageEagle Pride Realty

Similar Homes