192 Morphew Rd, Hot Springs, AR 71913

Exclusive 4.5-Acre Lakeside Compound | Extensive 2024 Modernization Two Residences | Turn-Key Income | Developer Ready Experience a private, multi-residence retreat in the highly sought-after Lake Hamilton School District. This 4.5-acre estate offers a rare combination of a luxury primary residence, an established short-term rental business, and the infrastructure for significant future development. The Main Estate (3.5 Acres) Comprehensive 2024 Remodel: Major living areas—including the Kitchen, Living Room, and Primary Suite—were taken down to the studs for a high-end rebuild. Infrastructure & Efficiency: Features a New 2023 Roof, substantially updated wiring, and double-layered attic insulation for superior climate control. The Chef’s Kitchen: Anchored by a massive granite island with integrated seating, custom cabinetry, and built-in USB charging ports. Designer Finishes: Dimmable recessed LED lighting, custom fans, and spa-comfort bathrooms with timer-controlled forced-air heaters. Major Systems: New 2023 HVAC and an oversized commercial-grade water heater. Includes a separate carport. The Lakeside Guest House (1 Acre) Established Income: Currently operating as a popular short-term rental. Sold completely furnished for a seamless, turn-key transition. Waterfront Lifestyle: Direct frontage on a private lake inlet—perfect for swimming and kayaking with a scenic route to the main body of Lake Hamilton. Two kayaks included. Modern Living: 1,100 sq. ft. of updated living space that mirrors the quality of the main estate. Development & Equipment Storage Sewer-Ready Infrastructure: Negotiable with the sale is a $30,000 uninstalled commercial-grade grinder station capable of supporting up to 15 homes with a direct city sewer connection. Expansion Potential: Includes a prepped building pad (cleared and packed) and a massive cement utility slab for boats, trailers, or heavy equipment. Logistics: Exceptional turnaround room for large trucks and trailers at the end of a long, secluded private driveway. Investment Summary Total Acreage: 4.5 Acres (Multiple Parcels) Total Living Space: 3,820 Sq. Ft. Key Value Multipliers: Aggressively priced for the area; includes established rental revenue, development-ready sewer infrastructure, and 2024 updates.