31 Derecho Way, Hot Springs Village, AR, 71909
About This Home
Buy the view and the house comes with it! This four bedroom, three and half bath has a gorgeous Mountain View with Lake Balboa in the background. Very rare for a view home with a near flat driveway and side entry garage. Formal living with electric fireplace. Den has gas log fireplace. Formal dining area, large kitchen with breakfast area and breakfast bar. Wall oven, electric range, microwave, dishwasher and pantry with pull out drawers. Refrigerator conveys. All main living areas have vaulted ceilings. primary bedroom has trey ceiling, large window for views and access to deck, Primary bath has walk-in shower, double sink and natural light, walk-in closet with builtin shelves and drawers. Floors are wood, tile and caret. Large upper deck that is partially covered. Lower level has two guest rooms, bathroom and large living room with kitchenette (perfect for a mother-in-law suite). Lower level has covered deck with a great view. Both decks offer a view of the holiday fireworks on Lake Balboa. Additionally, there is a large workshop! Roof - 2024. SEE AGENT REMARKS
Getting Around
Car-Dependent
Very Limited Transit
Not Bike FriendlySchools
Construction
Condition
- Year built: 1994
Materials
- Foundation: Slab/Crawl Combination
- Roof: Shingle
- Construction materials: Metal/Vinyl Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Microwave,Surface Range,Dishwasher,Disposal,Refrigerator,Oven,Washer,Dryer,Electric Water Heater
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Dining Room
- Features: Eat-in Kitchen,Living/Dining Combo,Breakfast Bar,Kitchen/Den
Features
- Walk-In Closet(s),Ceiling Fan(s),Walk-in Shower,Breakfast Bar,Granite Counters,Pantry,Primary Bedroom/Main Lv,Guest Bedroom/Main Lv,2 Bedrooms Lower Level
- Window features: Window Treatments
- Flooring: Carpet,Wood,Tile
- Number of fireplaces: 2
- Fireplace features: Gas Logs Present,Two,Electric
- Fireplace: Yes
Heating & Cooling
- Heating features: Electric,Heat Pump
- Cooling features: Electric
Interior Area
- Total structure area: 3,582
- Total interior livable area: 3,582 sqft
Property
Details
- Parcel number: 62400066000
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck
- Has view: Yes
- View description: Mountain(s),Lake
- Has water view: Yes
- Water view: Lake
Lot
- Lot size: 0.31 Acres
- Lot size dimensions: 85 x 158-87 x 158
Parking
- Total spaces: 2
- Parking features: Garage,Two Car,Garage Faces Side
- 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
- Ice Storm
- Lightning
- Tornado
- Winter Weather
- Hail
- Heat Wave
- Inland Flooding
- 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 | $2,806 | $33,672 |
| Home Insurance | $361 | $4,332 |
| Property Taxes | $272 | $3,264 |
| Electricity | $259 | $3,112 |
| Total | $3,698 | $44,376 |
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 |
|---|---|---|
| 2026-07-10 | Price change | $555,000 |
| 2026-06-05 | Listed for sale | $564,900 |
| 2024-11-11 | Sold | $537,000 |
| 2024-09-26 | Pending sale | $549,000 |
| 2024-09-26 | Contingent | $549,000 |
| 2024-08-30 | Price change | $549,000 |
| 2024-08-14 | Price change | $574,000 |
| 2024-08-01 | Listed for sale | $589,000 |
| 2013-08-27 | Sold | $325,000 |
| 2013-06-21 | Price change | $325,000 |
| 2013-01-29 | Listed for sale | $349,900 |
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