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  • $179,900

    298 Red Lamb Rd, Melbourne, AR 72556

    2beds
    1,320sqft
    : 
    $1,186/mo
    Get pre-qualified
    Single Family Residence
    Built in ----
    12.29 Acres Lot
    $175,900 Zestimate®
    $136/sqft
    $-- HOA

    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!
    25 days
    |
    3,033
    |
    277
    |

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Cheryl D Reed 870-448-6767,

    Re/Max Edge Realty 870-269-4300

    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

        Estimated market value

        $175,900

        $167,000 - $185,000

        $1,237/mo

        Price history

        DateEventPrice
        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

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 72556

        Getting around

        0 / 100
        Car-Dependent
        1 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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