NEW PRICE! Positioned in the heart of the prestigious Tannenbaum Resort on GREERS FERRY LAKE. Discover unparalleled lakefront luxury with this stunning 4,877 sq. ft. home on 1 acre, featuring 230’ of pristine water frontage. Perfectly designed for both relaxation and entertaining, this property offers breathtaking lake views, direct water access, & front-row seats to the 4th of July fireworks at Sandy Beach. Inside, you’ll find 5 spacious bedrooms, 4 baths, and 2 fireplaces—one of which is a grand stone wood-burning centerpiece in the vaulted living room. The gourmet luxury kitchen is a chef’s dream, boasting smart appliances and high-end finishes. Retreat to the oversized master suite with a spa-like bath & private deck is ideal, while the 2 living areas storm cellar & 2 laundry rooms add convenience & comfort. Step outside to expansive decks overlooking the lake, perfect for soaking in stunning sunsets. The oversized garage provides ample storage for your lake toys, & with a private airport strip, boat ramp, & the scenic Tannenbaum Golf Course just minutes away, this home is an outdoor enthusiast’s paradise. Enjoy the best of lakefront living!
Active
Price cut: $191K (7/1)
$1,599,000
500 Island Shores Dr, Drasco, AR 72530
5beds
4,877sqft
Est.:
Single Family Residence
Built in 2022
1.04 Acres Lot
$1,512,300 Zestimate®
$328/sqft
$-- HOA
What's special
Oversized garageLakefront luxuryOversized master suiteGourmet luxury kitchenDirect water accessSpacious bedroomsExpansive decks
- 71 days
- on Zillow |
- 581 |
- 26 |
Zillow last checked: 7 hours ago
Listing updated: July 29, 2025 at 10:28am
Listed by:
Cheryl Shook 870-672-2054,
RE/MAX Advantage Heber Springs 501-362-0005
Source: CARMLS,MLS#: 25021541

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 4
Rooms
- Room types: Great Room, Basement
Dining room
- Features: Eat-in Kitchen, Kitchen/Dining Combo
Heating
- Electric, Heat Pump
Cooling
- Electric
Appliances
- Included: Double Oven, Microwave, Gas Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer
- Laundry: Laundry Room
Features
- Walk-In Closet(s), Ceiling Fan(s), Walk-in Shower, Breakfast Bar, Pantry, Sheet Rock, Sheet Rock Ceiling, Vaulted Ceiling(s), Primary Bedroom/Main Lv, 2 Bedrooms Upper Level, 3 Bedrooms Lower Level
- Flooring: Tile, Luxury Vinyl
- Doors: Insulated Doors
- Windows: Insulated Windows, Low Emissivity Windows
- Has fireplace: Yes
- Fireplace features: Woodburning-Site-Built
Interior area
- Total structure area: 4,877
- Total interior livable area: 4,877 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Garage, Two Car
- Has garage: Yes
Accessibility
- Accessibility features: Customized Wheelchair Accessible
Features
- Levels: Two
- Stories: 2
- Patio & porch: Patio, Deck, Porch
- Exterior features: Rain Gutters
- Has spa: Yes
- Spa features: Whirlpool/Hot Tub/Spa
- Has view: Yes
- View description: Lake
- Has water view: Yes
- Water view: Lake
- Waterfront features: Ski Lake, Lake Front, Lake
- Body of water: Lake: Greers Ferry
Lot
- Size: 1.04 Acres
- Features: Sloped, Resort Property, Subdivided, River/Lake Area, Waterfront
Details
- Parcel number: 00205415223
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Craftsman
- Property subtype: Single Family Residence
Materials
- Brick, Stone
- Foundation: Slab/Crawl Combination
- Roof: Composition
Condition
- New construction: No
- Year built: 2022
Utilities & green energy
- Electric: Electric-Co-op
- Sewer: Septic Tank
- Water: Public
Green energy
- Energy efficient items: Doors
Community & HOA
Community
- Features: Playground, Clubhouse, Picnic Area, Golf, Airport/Runway
- Security: Smoke Detector(s), Safe/Storm Room
- Subdivision: Island Shores Phase II
HOA
- Has HOA: No
Location
- Region: Drasco
Financial & listing details
- Price per square foot: $328/sqft
- Tax assessed value: $702,850
- Annual tax amount: $5,324
- Date on market: 6/3/2025
- Listing terms: VA Loan,FHA,Conventional,Cash
- Road surface type: Paved
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