Unique find! This earth-sheltered home with walk-out front is a unique find in a beautiful setting! The partially underground home is designed to provide exceptional energy efficiency, structural resilience, protection against severe weather, and low exterior maintenance. The 12.29 acres MOL includes fencing, a pond, pasture, and mature shade trees ideal for a hobby farm, raising livestock, and gardening. Enjoy morning coffee or quiet evenings sitting on the covered front porch enjoying the views overlooking the pond or watching deer, birds, and small game. The spacious 2 bedroom, 1 1/2 bath home offers over 1300 sq feet with several recent updates including new metal roofing, guttering, windows, cedar accents, hot water heater, plus new fencing, fire pit area, and new door for the detached garage. Some furniture and furnishings may also be available to convey with the sale. Whether you're seeking a forever or vacation home or a nightly rental this unique property checks so many boxes, plus it is privately located yet only a few minutes from downtown Melbourne, White River for world-class Trout fishing, and Cooper's Hawk, an 18-hole championship golf course! Nice property!
Type: Rural Residential
Single-familyProperty Type
12.29 acresLot Size
$136Price/Sq.Ft.
Listed by Cheryl Reed• Re/Max Edge Realty
Bought with Michaela Hodges• Coldwell Banker Ozark Real Estate Company
Est. $1,421 per month, based on comparable rentals
Sale and tax history for 298 Red Lamb Rd
Sale History
Tax History
Date
Event
Price
CARMLS #26026160
Aug 14, 2026
Pending
—
Aug 7, 2026
Sold
$179,900
$136/sq ft
Jul 8, 2026
Contingent
—
Jun 29, 2026
Listed
$179,900
$136/sq ft
CARMLS #26009763
Apr 1, 2026
Sold
$152,500
$116/sq ft
Mar 20, 2026
Pending
—
Mar 13, 2026
Listed
$169,900
$129/sq ft
+31
This unique 2-bedroom, 1.5-bath partially underground home on 12.29 acres offers privacy, energy efficiency, and modern updates in a rural setting. Located just 10 miles from the White River and a short drive to town amenities, this property combines seclusion with convenience. Built for durability with 6-inch poured concrete and 3-inch center block support walls, the design maintains comfortable temperatures year-round, keeping utilities low. A new fireplace in the bedroom and an additional fireplace in the main living area help warm the home during cooler months. This insulated design means very little heating is required. The home features include oak kitchen cabinets, cedar finishes, concrete floors, and a laundry room. Recent updates include a new roof, windows, gutters, hot water heater, and appliances. The property offers room to roam and enjoy the outdoors. That includes a wet-weather pond and a barn with electricity—perfect for livestock, storage, or a workshop. Currently used as an Airbnb since 2024, this versatile property works great as a short-term rental or private country home in the Ozark Mountains. Listed at $169,900, with additional land available.
Type
Rural Residential
REDFIN #1
Jul 7, 2025
Rental Removed
$12,500
$9/sq ft
Jul 7, 2025
Price Changed
$12,500
$9/sq ft
Dec 7, 2024
Listed for Rent
$1,250
$1/sq ft
Public Records
Nov 1, 2005
Sold
$59,000
$45/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$390
$1,560 + $6,850
$8,410
2024
$390
$1,560 + $6,850
$8,410
2023
$390
$1,560 + $6,850
$8,410
2022
$390 (+720.4%)
$1,560 + $6,850
$8,410
2021
$47 (−49.4%)
$1,560 + $6,850
$8,410
2020
$94
$700 + $6,850
$7,550
2019
$94 (−80.0%)
$710 + $9,480
$10,190
2018
$469 (+294.3%)
$710 + $9,480
$10,190
2017
$119
$710 + $9,480
$10,190
2016
$119 (+9.1%)
$710 + $9,480
$10,190
2015
$109 (+5.8%)
$710 + $9,480
$10,190
2013
$103
$730 + $9,260
$9,990
Public record
Beds
—
Baths
1
Stories
1
Lot width
—
Lot depth
—
Lot size
19.02 Acres
Year renovated
—
Sq. Ft.
1,320
Year built
—
Style
Single Family Residential
County
Izard County
APN
001-05199-000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 6, 2026.
Property details
Parking
Parking Information
Garage
Interior
Bathroom Information
# of Baths (Full): 1
# of Baths (1/2): 1
Room Information
Other Rooms: Laundry
Kitchen Equipment: Free-Standing Stove
Interior Features
Ceiling Fan(s)
Floors: Concrete
Fireplace: Decorative/Non-Functional, Electric Logs
Walls/Ceilings: Wood Ceiling
Heating & Cooling
Window Units, Space Heater (Gas)
Exterior
Building Information
Exterior: Block
Foundation: Slab
Exterior Features
Roof: Metal
Road Surface: Gravel
Property Information
Approx Sq. Ft.: 1,320
Lot Information
Approx Lot Size: 0
Approx Acreage: 12.29
Source of Acreage: Survey
Sq. Ft. Source: Tax Records
Lot Description: Sloped, Pond
Will Subdivide: No
Financial
Tax Information
Annual Taxes: $980
Financial Information
Potential Financing: New Loan-Conventional, Cash
Utilities
Utility Information
Utilities: Septic, Water (Public), Electric Municipal (+Entergy)
Location
Location Details
County: Izard
City: Melbourne
Subdivision: Metes & Bounds
Public facts
Beds: —
Baths: 1.0
Sq. Ft.: 1,320
Stories: 1.0
Lot Size: 19.02 acres
Style: Single Family Residential
Year Built: —
Year Renovated: —
County: Izard County
APN: 001-05199-000
Home facts updated by county records on Jul 6, 2026
Around this home
Schools
Melbourne Elementary School
Public PreK-6 • Assigned • 6.9mi
7/10
Melbourne High School
Public 7-12 • Assigned • 7.0mi
8/10
Provided by GreatSchools
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
4/10 Fire Factor
2% chance of being in a wildfire in next 30 years
4/10 Heat Factor
7 days above 108° expected this year, 18 days in 30 years
2/10 Wind Factor
3% chance of strong winds in next 30 years
2/10 Air Factor
0 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Zion, AR • 72556
Average low and high temperatures (°F)
45
24
55
32
70
45
74
53
76
58
86
68
91
72
90
66
83
62
76
50
63
42
53
33
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
87/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.8 hrs
5.7 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$163,000 – $197,000
Sell confidently with a local market expert in Zion.