461 Walnut St, Hot Springs, AR, 71901
About This Home
Discover the endless possibilities on this stunning 7-acre property on Walnut Valley Rd. Featuring a peaceful pond and multiple level build sites, this land is perfectly suited for one dream home or several cabins with beautiful mountain views. With no restrictions, you have the freedom to develop exactly what you envision, whether for personal use, short-term rentals, or a multi-cabin retreat. Located just five minutes from the roundabout, this property offers exceptional convenience with quick access to Hot Springs and the Village. A well is already on site, adding immediate value and saving on upfront costs. The property also includes a partially constructed home, providing a head start for those looking to complete or repurpose the existing structure. Private, scenic, and ideally located, this is a rare opportunity to own versatile acreage with infrastructure already in place. Bring your vision and make it your own.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 2026
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Cooling
- Cooling features: N/A Lot or Land
Interior Area
- Total structure area: 0
Property
Details
- Parcel number: 40041050005000
- Zoning description: NZN No Zoning
Features
- Levels: N / A - Lot or Land
- Has view: Yes
- View description: Mountain(s)
- Waterfront features: Pond
Lot
- Lot size: 7 Acres
- Features: Sloped,Level,Rural Property,Wooded,Cleared,Not in Subdivision,Out of City,Acreage,Livestock Allowed
- Lot size dimensions: 7 acres
Parking
- Total spaces: 4
- Parking features: Four Car or More
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
- Tornado
- Hail
- Lightning
- Strong Wind
- Winter Weather
- Earthquake
- Heat Wave
- Inland Flooding
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 | $1,410 | $16,920 |
| Home Insurance | $213 | $2,556 |
| Property Taxes | $111 | $1,332 |
| Electricity | $134 | $1,616 |
| Total | $1,868 | $22,416 |
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 |
|---|---|---|
| 2026-02-25 | Listed for sale | $279,000 |
| 2025-06-26 | Sold | $145,000 |
| 2025-06-02 | Price change | $157,500 |
| 2025-04-28 | Listed for sale | $159,900 |
| 2025-03-14 | Listing removed | $145,000 |
| 2025-03-03 | Listed for sale | $145,000 |
| 2024-11-21 | Sold | $50,000 |
| 2024-09-24 | Listed for sale | $65,000 |
| 2016-03-31 | Listing removed | $75,000 |
| 2015-08-18 | Listed for sale | $75,000 |
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