562 Rheas Mill Rd, Farmington, AR, 72730
About This Home
Rare two-home property on 2 acres in central Farmington—ideal for multigenerational living, guest quarters, an in-law suite or rental-income potential. Together, the two dwellings offer 5 bedrooms, 4 baths and 3,417 finished SF. The 2,427 SF all-brick main home includes a mudroom, office, XL bonus room and storm shelter. Extensive 2023 updates include flooring, paint, lighting, appliances, fireplace, 2nd HVAC and expanded entertaining patio. A 40x50 metal building adds a fully finished 990 SF studio apartment/guest house with separate address, septic, full kitchen, bath and laundry, plus a 1,010 SF detached shop/workshop/garage with dual overhead doors and mezzanine storage. The insulated 32x15 heated/cooled flex building is perfect for a home gym, woodworking studio or private office. Homestead features include a greenhouse, raised garden beds and chicken coop, plus ample parking and peaceful farmland views. Walk to Main Street, schools, restaurants and amenities; minutes to Fayetteville.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 2014
Materials
- Foundation: Slab
- Roof: Architectural,Shingle
- Construction materials: Brick
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dryer,Dishwasher,Electric Range,Electric Water Heater,Microwave Hood Fan,Microwave,Refrigerator,Washer,Plumbed For Ice Maker
- Laundry features: Washer Hookup,Dryer Hookup
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 4
Features
- Attic,Built-in Features,Ceiling Fan(s),Eat-in Kitchen,Granite Counters,Other,Pantry,Programmable Thermostat,Split Bedrooms,Storage,Walk-In Closet(s),Window Treatments,In-Law Floorplan,Mud Room
- Window features: Blinds
- Flooring: Carpet,Laminate,Simulated Wood,Tile
- Number of fireplaces: 1
- Fireplace features: Insert,Living Room
- Fireplace: Yes
Heating & Cooling
- Heating features: Central,Electric
- Cooling features: Central Air,Electric
Interior Area
- Total structure area: 3,417
- Total interior livable area: 3,417 sqft
Property
Details
- Parcel number: 76001853001
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered,Patio,Porch
- Exterior features: Concrete Driveway
- Fencing: Back Yard,Chain Link,Fenced,Partial,Privacy,Split Rail,Vinyl,Wood
- Waterfront features: None
Lot
- Lot size: 2 Acres
- Features: Central Business District,Not In Subdivision,Open Lot
Parking
- Total spaces: 3
- Parking features: Garage,Other,Garage Door Opener
- Has garage: Yes
- Covered spaces: 3
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
- Heat Wave
- Ice Storm
- Inland Flooding
- Lightning
- Tornado
- Wildfire
- Winter Weather
- Cold Wave
- Hail
- Strong Wind
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 | $4,044 | $48,528 |
| Home Insurance | $445 | $5,340 |
| Property Taxes | $366 | $4,392 |
| Electricity | $247 | $2,969 |
| Total | $5,102 | $61,224 |
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 |
|---|---|---|
| 2026-08-01 | Price change | $799,900 |
| 2026-07-21 | Price change | $814,998 |
| 2026-06-16 | Price change | $814,900 |
| 2026-06-07 | Price change | $824,900 |
| 2026-05-25 | Price change | $839,000 |
| 2026-05-15 | Listed for sale | $849,000 |
| 2026-05-08 | Listing removed | $849,000 |
| 2026-04-06 | Listed for sale | $849,000 |
| 2023-02-21 | Sold | $425,000 |
| 2023-02-03 | Listed for sale | $414,900 |
| 2013-02-15 | Sold | $90,000 |
| 2012-08-17 | Listing removed | $120,000 |
| 2012-05-25 | Listed for sale | $120,000 |
For Sale by Agent
View on Zillow