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  • $179,900

    298 Red Lamb Rd, Melbourne, AR 72556

    2beds
    1,320sqft
    Single Family Residence
    Built in ----
    12.29 Acres Lot
    $180,100 Zestimate®
    $136/sqft
    $1,094 Estimated rent

    Home value

    $180,100

    Estimated sales range

    Not available

    $1,094/mo

    Zestimate® history
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    What's special

    New fencingFire pit areaViews overlooking the pondNew metal roofingHot water heaterCedar accentsMature shade trees
    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!

    Zillow last checked:

    Listing updated:

    Listed by:

    Cheryl D Reed 870-448-6767,

    Re/Max Edge Realty

    Bought with:

    Michaela J Hodges, AR

    Coldwell Banker Ozark Real Estate Company

    Source: CARMLS,MLS#: 26026160MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 1
    • 1/2 bathrooms: 1
    Rooms
    • Room types: None
    Dining room
    • Features: Eat-in Kitchen
    Heating
    • Space Heater
    Cooling
    • Window Unit(s)
    Appliances
    • Included: Free-Standing Range
    • Laundry: Laundry Room
    Features
    • Ceiling Fan(s), Wood Ceiling, 2 Bedrooms Same Level
    • Flooring: Concrete
    • Has fireplace: Yes
    • Fireplace features: Decorative, Electric
    Interior area
    • Total structure area: 1,320
    • Total interior livable area: 1,320 sqft

    Property

    Parking
    • Parking features: Garage
    • Has garage: Yes
    Features
    • Levels: One
    • Stories: 1
    • Waterfront features: Pond
    Lot
    • Size: 12.29 Acres
    • Features: Sloped
    Details
    • Parcel number: 00105199000

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Bungalow/Cottage
    • Property subtype: Single Family Residence
    Materials
    • Block
    • Foundation: Slab
    • Roof: Metal
    Condition
    • New construction: No

    Utilities & green energy

    • Electric: Elec-Municipal (+Entergy)
    • Sewer: Septic Tank
    • Water: Public

    Community & HOA

    Community
    • Subdivision: Metes & Bounds
    HOA
    • Has HOA: No
    Location
    • Region: Melbourne

    Financial & listing details

    • Price per square foot: $136/sqft
    • Tax assessed value: $42,050
    • Annual tax amount: $980
    • Date on market: 6/29/2026
    • Listing terms: Conventional,Cash
    • Road surface type: Gravel

    Price history

    DateEventPrice
    8/7/2026Sold$179,900$136/sqft
    Source: CARMLS #26026160 Report a problem
    6/29/2026Listed for sale$179,900+18%$136/sqft
    Source: CARMLS #26026160 Report a problem
    4/1/2026Sold$152,500-10.2%$116/sqft
    Source: CARMLS #26009763 Report a problem
    3/21/2026Pending sale$169,900$129/sqft
    Source: United Country #03061-650100 Report a problem
    3/20/2026Contingent$169,900$129/sqft
    Source: CARMLS #26009763 Report a problem
    3/13/2026Listed for sale$169,900+485.9%$129/sqft
    Source: CARMLS #26009763 Report a problem
    1/19/2021Sold$29,000$22/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$390 $8,410
    2024$390 $8,410
    2023$390 $8,410
    2022$390 +720.4%$8,410 +11.4%
    2021$47 -49.4%$7,550 -25.9%
    2020$94 -79.9%$10,190
    2019$468 $10,190
    2018$468 $10,190
    2017$468 $10,190
    2016-- $10,190 +2%
    2015-- $9,990
    2014-- $9,990
    2013-- $9,990
    2012-- $9,990 -28.7%
    2011-- $14,010 +47.3%
    2010-- $9,510
    2009-- $9,510
    Find assessor info on the county website

    Neighborhood: 72556

    Nearby schools

    GreatSchools rating
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