124 Waterfall Ct, Hot Springs National Park, AR, 71913
About This Home
Excellent investment opportunity in the desirable Diamondhead community with beautiful water views and a unique layout designed for flexibility and privacy. This duplex offers two income-producing units, each thoughtfully configured to maximize rental potential. On the lower level of each unit, you'll find an open kitchen and living area along with a convenient half bath, creating a comfortable common space for residents and guests. Upstairs, accessed by exterior entry, are two private bedroom suites for each unit, each featuring its own full bath and separate entrance. This distinctive design provides added privacy and makes the property especially appealing for short-term rentals, vacation guests, or multiple tenants. Boat slip negotiable. Residents and guests will enjoy scenic water views and the amenities of the Diamondhead community, while investors will appreciate the versatility and strong rental possibilities this property offers. Whether you're looking to expand your investment portfolio, generate vacation rental income, or own a property with multiple occupancy options, this duplex presents a rare opportunity in a sought-after lake community. Don't miss your chance to own a unique income-producing property in one of the area's most desirable locations.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 2023
Materials
- Foundation: Slab
- Roof: Flat,Other (See Remarks)
- Construction materials: Other (See Remarks)
Type & Style
- Home type: MultiFamily
- Architectural style: Bungalow/Cottage
- Property subType: Duplex
Interior
Appliances
- Appliances included: Plumbed For Ice Maker,Refrigerator,Range,Electric Water Heater
Cooling
- Cooling features: Other (See Remarks)
Features
- Window features: Insulated Windows
Property
Details
- Parcel number: 20054975008000
- Attached to another structure: Yes
Features
- Levels: Two
- Stories: 2
- Has view: Yes
- View description: Lake
- Has water view: Yes
- Water view: Lake
Lot
- Lot size: 9,300 sqft
- Features: Sloped Down,In Subdivision,Sloped
- Lot size dimensions: 9300 Sq. Ft.
Parking
- Total spaces: 3
- Parking features: Parking Pad,Three Car
- 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
- Inland Flooding
- Ice Storm
- Tornado
- Hail
- Heat Wave
- Lightning
- Strong Wind
- Winter Weather
- Earthquake
- 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 | $1,466 | $17,592 |
| Home Insurance | $240 | $2,880 |
| Property Taxes | $115 | $1,380 |
| Electricity | $134 | $1,616 |
| Total | $1,955 | $23,460 |
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 |
|---|---|---|
| 2026-08-17 | Contingent | $290,000 |
| 2026-08-01 | Price change | $290,000 |
| 2026-07-31 | Listed for sale | $330,000 |
| 2026-07-01 | Contingent | $330,000 |
| 2026-06-23 | Listed for sale | $330,000 |
| 2025-05-22 | Listing removed | $374,000 |
| 2025-04-06 | Price change | $374,000 |
| 2024-11-28 | Price change | $375,000 |
| 2024-10-28 | Price change | $399,000 |
| 2024-07-07 | Price change | $474,000 |
| 2024-06-22 | Price change | $499,000 |
| 2024-04-29 | Listed for sale | $550,000 |
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