229 Long Island Dr, Hot Springs, AR, 71913
About This Home
Incredible Multi-Home Lakefront Property on Lake Hamilton! Located on highly desirable Long Island Drive, this unique property offers exceptional versatility, investment potential, and breathtaking main-channel views. With nearly one acre of land and over 100 feet of lake frontage, this rare find includes two full homes, a guest cabin, a three-stall covered boat dock, and a beautifully designed courtyard ideal for entertaining. The main home (road-side) features 3 bedrooms and 3 full baths, while the guest home (lake-side) includes 2 bedrooms and 1 full bath. Between them sits a fully equipped guest cabin with kitchenette and full bath—perfect for overflow guests, a private office, or an additional rental space. Recent updates include new roofs on all structures, newly renovated bathrooms, modern interior touches, and preserved mid-century character. The property has a proven history as a successful short-term rental and is located outside city limits—no STR permit required. All furnishings convey, offering a turn-key opportunity for investors or those seeking a multi-home lake retreat.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1965
Materials
- Foundation: Crawl Space
- Roof: Tile,Shingle
- Construction materials: Frame
Type & Style
- Home type: SingleFamily
- Architectural style: Bungalow/Cottage
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Built-In Range,Microwave,Gas Range,Dishwasher,Disposal,Refrigerator,Gas Water Heater
- Laundry features: Washer Hookup,Electric Dryer Hookup
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 4
Dining Room
- Features: Separate Dining Room,Separate Breakfast Rm,Living/Dining Combo
Features
- Built-in Features,Ceiling Fan(s),Walk-in Shower,Breakfast Bar,2 Bedrooms Same Level,3 Bedrooms Same Level
- Flooring: Wood
- Fireplace features: Gas Logs Present
- Fireplace: Yes
Heating & Cooling
- Heating features: Natural Gas
- Cooling features: Electric
Interior Area
- Total structure area: 3,011
- Total interior livable area: 3,011 sqft
Property
Details
- Parcel number: 10009129000
Features
- Levels: One
- Stories: 1
- Patio & porch: Patio,Deck,Porch
- Exterior features: Rain Gutters,Dock
- Fencing: Partial
- Has view: Yes
- View description: Lake
- Has water view: Yes
- Water view: Lake
- On waterfront: Yes
- Waterfront features: Dock - Covered,Boat Slip,Lake Front,Lake
- Waterbody name: Lake: Hamilton
Lot
- Lot size: 0.80 Acres
- Features: Seawall
Parking
- Total spaces: 1
- Parking features: Garage,Parking Pad,One Car
- Has garage: 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
- Inland Flooding
- Ice Storm
- Tornado
- Hail
- Heat Wave
- Lightning
- Strong Wind
- Winter Weather
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 | $5,815 | $69,780 |
| Home Insurance | $954 | $11,448 |
| Property Taxes | $459 | $5,508 |
| Electricity | $218 | $2,616 |
| Total | $7,446 | $89,352 |
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 |
|---|---|---|
| 2026-03-09 | Price change | $1,150,000 |
| 2025-12-05 | Price change | $1,199,000 |
| 2025-11-17 | Listed for sale | $1,250,000 |
| 2025-10-17 | Listing removed | $1,249,000 |
| 2025-06-11 | Price change | $1,249,000 |
| 2025-04-17 | Listed for sale | $1,299,000 |
| 2023-10-12 | Listing removed | $1,250,000 |
| 2023-09-15 | Price change | $1,250,000 |
| 2023-07-25 | Price change | $1,310,000 |
| 2023-07-12 | Listed for sale | $1,399,000 |
| 2018-09-07 | Sold | $450,000 |
| 2005-06-06 | Sold | $418,000 |
| 2001-01-03 | Sold | $190,000 |
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