Active

Price cut: $10K (3/19)

$499,900

9 Madrid Way, Hot Springs, AR 71909

3beds

2,085sqft

Est.:

Single Family Residence

Built in 1982

0.36 Acres Lot

$485,900 Zestimate^®

$240/sqft

$116/mo HOA

What's special

Inviting homeRecently renovated

Welcome to 9 Madrid Way in beautiful Hot Springs Village, Arkansas—an incredible lakefront opportunity on the shores of Lake DeSoto. Recently renovated, this inviting home blends modern updates with the relaxed charm of lake living, creating the perfect retreat for both everyday enjoyment and entertaining. One of the standout features of the 3 bedroom, 2 bathroom property is its incredible multi-level decks overlooking the water, offering stunning views of Lake DeSoto and the perfect setting for morning coffee, sunset gatherings, or simply soaking in the peaceful surroundings. A private swim dock provides direct access to the lake, making it easy to enjoy swimming, kayaking, or a day out on the water. Whether you’re searching for a serene personal lakefront getaway or a valuable vacation rental investment in the highly desirable Hot Springs Village community, this property offers the ideal combination of location, lifestyle, and opportunity.

38 days

821

32

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2

Rooms

Room types: Sun Room

Dining room

Features: Kitchen/Dining Combo, Living/Dining Combo

Heating

Electric

Cooling

Electric

Appliances

Included: Free-Standing Range, Microwave, Dishwasher

Features

All Bedrooms Up
Flooring: Carpet, Tile
Basement: Unfinished
Has fireplace: Yes
Fireplace features: Woodburning-Site-Built

Interior area

Total structure area: 2,085
Total interior livable area: 2,085 sqft

Property

Parking

Parking features: Carport, Parking Pad
Has carport: Yes

Features

Levels: One
Stories: 1
Patio & porch: Deck
Exterior features: Dock
Has spa: Yes
Spa features: Hot Tub/Spa
On waterfront: Yes
Waterfront features: Cove, Dock - Swimming, Lake Front

Lot

Size: 0.36 Acres
Dimensions: 84 x 187
Features: Sloped, Resort Property, Subdivided, Waterfront

Details

Parcel number: 20042250013000

Construction

Type & style

Home type: SingleFamily
Architectural style: Traditional
Property subtype: Single Family Residence

Materials

Frame
Foundation: Slab/Crawl Combination
Roof: Shingle

Condition

New construction: No
Year built: 1982

Utilities & green energy

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

Community & HOA

Community

Features: Hot Tub
Subdivision: MADRID

HOA

Has HOA: Yes
HOA fee: $116 monthly

Location

Region: Hot Springs

Financial & listing details

Price per square foot: $240/sqft
Tax assessed value: $293,500
Annual tax amount: $2,483
Date on market: 3/12/2026
Road surface type: Paved

Estimated market value

$485,900

$462,000 - $510,000

$1,838/mo

Price history

Date	Event	Price
3/19/2026	Price change	$499,900-2%$240/sqft
Source: CARMLS #26009482 Report a problem
3/12/2026	Listed for sale	$509,900+56.9%$245/sqft
Source: CARMLS #26009482 Report a problem
9/28/2023	Listing removed	--
Source: CARMLS #21018194 Report a problem
9/27/2021	Sold	$325,000-13.3%$156/sqft
Source: CARMLS #21018194 Report a problem
9/15/2021	Contingent	$375,000$180/sqft
Source: CARMLS #21018194 Report a problem
7/27/2021	Price change	$375,000-6.3%$180/sqft
Source: CARMLS #21018194 Report a problem
6/12/2021	Listed for sale	$400,000+150%$192/sqft
Source: CARMLS #21018194 Report a problem
8/4/1992	Sold	$159,999$77/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$2,518 +1.4%	$58,700
2023	$2,483	$58,700
2022	$2,483 +166.5%	$58,700 +90%
2021	$932	$30,890 -13%
2020	$932 0%	$35,490
2019	$932 -2.6%	$35,490
2018	$957	$35,490
2017	$957	$35,490 -7.3%
2016	$957	$38,280
2015	$957 +0.1%	$38,280 +23.9%
2014	$956 -0.1%	$30,890
2013	$957	$30,890
2012	$957	$30,890
2011	$957 +17.9%	$30,890
2009	$811	$30,890
2008	$811 -5.8%	$30,890
2007	$861	$30,890
2006	--	$30,890
2005	--	$30,890