507 Madison 5189, Elkins, AR, 72727
About This Home
A truly one-of-a-kind legacy estate spanning nearly 100 acres of Ozark landscape, offering breathtaking panoramic views, abundant wildlife, and unmatched privacy. Named the "Black Bear Lodge", this property has endless possibilities such as a family compound, retreat, or hunting lodge. The estate includes separate residences- a custom-built main home, cottage house, and bunk house. The main home is thoughtfully designed to capture the surrounding views, with scenic vistas from the kitchen, a floor-to-ceiling native rock fireplace in the living area, formal dining room, and an upstairs loft game room. With 5 bedrooms and 4.5 bathrooms, the home offers ample space. The land itself features two pastures, a pond, a creek, and trails through the property. A barn with covered space provides additional storage and a place to enjoy the outdoors year-round. Known for its diverse wildlife, this sportsman’s dream presents a rare opportunity to own a private retreat where the beauty of the Ozarks and adventure come together.
Getting Around
Car-Dependent
Very Limited Transit
Not Bike FriendlySchools
Construction
Condition
- Year built: 2007
Materials
- Foundation: Block
- Roof: Metal
- Construction materials: Wood Siding
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Counter Top,Dishwasher,Electric Water Heater,Gas Cooktop,Microwave,Plumbed For Ice Maker
- Laundry features: Washer Hookup,Dryer Hookup
Basement
- Has basement: Yes
- Basement: Partial
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
Features
- Wet Bar,Built-in Features,Ceiling Fan(s),Cathedral Ceiling(s),Granite Counters,Pantry,Programmable Thermostat,Split Bedrooms,Walk-In Closet(s),Multiple Living Areas,Mud Room
- Flooring: Wood
- Number of fireplaces: 3
- Fireplace features: Bedroom,Family Room,Outside,Wood Burning
- Fireplace: Yes
Heating & Cooling
- Heating features: Heat Pump
- Cooling features: Heat Pump
Interior Area
- Total structure area: 5,700
- Total interior livable area: 5,700 sqft
Property
Details
- Parcel number: 00102465001
- Special condition: None
- Wooded area: 92
Features
- Levels: Three Or More
- Stories: 3
- Patio & porch: Covered,Deck
- Exterior features: Concrete Driveway
- Fencing: Partial,Picket,Privacy,Wood
- Has view: Yes
- Waterfront features: Creek,Pond
Lot
- Lot size: 97.48 Acres
- Features: Cleared,Hardwood Trees,Landscaped,Not In Subdivision,None,Outside City Limits,Rural Lot,Views,Wooded
Parking
- Total spaces: 2
- Parking features: Detached,Garage
- Has garage: Yes
- Covered spaces: 2
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
- Inland Flooding
- Ice Storm
- Tornado
- Winter Weather
- Cold Wave
- Heat Wave
- Lightning
- Strong Wind
- Hail
- Landslide
How This Home’s Risks Compare
FEMA Declared Disasters Across Arkansas Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $24,271 | $291,252 |
| Home Insurance | $3,272 | $39,264 |
| Property Taxes | $1,280 | $15,360 |
| Electricity | $412 | $4,953 |
| Total | $29,235 | $350,820 |
Income You'd Need if You Spent...
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-31 | Price change | $4,800,000 |
| 2026-04-13 | Listed for sale | $5,500,000 |
| 2020-10-13 | Sold | $940,000 |
| 2020-05-01 | Listed for sale | $899,000 |
| 2018-06-01 | Listing removed | $925,000 |
| 2017-11-20 | Listed for sale | $925,000 |
| 2013-08-15 | Listing removed | $1,650,000 |
| 2012-11-27 | Listed for sale | $1,650,000 |
| 2006-03-28 | Sold | $194,000 |
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