For sale

Price cut: $9.5K (4/7)

$490,000

782 Diamond Bay Rd, Elizabeth, AR 72531

4beds

4,006sqft

Est.: Get pre-qualified

Single Family Residence, Lake Home

Built in ----

0.57 Acres Lot

$476,600 Zestimate^®

$122/sqft

$-- HOA

What's special

Boat slipWalkout basementHigh-quality furnitureHardwood floorsHand-crafted beamsCeiling fansNew appliances

This Beautiful Rustic Lake Home located on Lake Norfork offers a natural look both inside & out! 4 Bedrooms-3 Bath. Fully furnished- all new high-quality furnishings convey with the home. The property Joins the Corp with a permitted trail in the quiet Diamond Bay Community near Hand Cove. Stunning hand-crafted beams & hardwood floors in the living area. The walkout basement is ready to convert into a den & living space. Upgrades! New front & back decks, basement garage door/auto open, complete water system-hot water tank, water softener, well pump & pressure tank, toilets. Basement resealed, 2 sump pumps & French drain system, electric vehicle charger, alarm system, ceiling fans outside and inside. New appliances - 2 refrigerators w/ice makers, dishwasher, microwave, washer and dryer. 2 fireplaces (1 wood burning and 1 gas) Shop with 2 bay doors. This would make a great family home or VRBO! Note: You can also purchase separately a 10 x 28 boat slip with lift in a community dock.

336 days

414

15

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 3
Full bathrooms: 3
Main level bedrooms: 2

Primary bedroom

Level: Main
Area: 196
Dimensions: 14 x 14

Bedroom 2

Level: Main
Area: 88
Dimensions: 11 x 8

Bedroom 3

Level: Upper
Area: 84
Dimensions: 7 x 12

Bedroom 4

Level: Upper
Area: 98
Dimensions: 7 x 14

Dining room

Level: Main
Area: 150
Dimensions: 10 x 15

Family room

Level: Lower
Area: 594
Dimensions: 22 x 27

Kitchen

Level: Main
Area: 180
Dimensions: 18 x 10

Living room

Level: Main
Area: 777
Dimensions: 21 x 37

Heating

Central, Propane

Cooling

Central Air, Electric

Appliances

Included: Dishwasher, Disposal, Refrigerator, Electric Surface Unit, Wall Oven, Double Oven, Range Hood, Microwave, Washer, Dryer, Water Softener Owned, Water Filter
Laundry: Washer/Dryer Hookups

Features

Basement: Full
Number of fireplaces: 2
Fireplace features: Two, Insert-Gas, Living Room, Family Room, Masonry, Wood Burning

Interior area

Total structure area: 4,006
Total interior livable area: 4,006 sqft

Property

Parking

Total spaces: 3
Parking features: Garage
Has garage: Yes

Features

Body of water: Lake Norfork

Lot

Size: 0.57 Acres

Details

Parcel number: 00203238000

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence, Lake Home

Materials

Stone, Wood Siding, Log

Community & HOA

Community

Subdivision: Diamond By Ad_2

Location

Region: Elizabeth

Financial & listing details

Price per square foot: $122/sqft
Tax assessed value: $293,350
Annual tax amount: $3,175
Date on market: 7/2/2025

Estimated market value

$476,600

$453,000 - $500,000

$2,295/mo

Price history

Date	Event	Price
4/7/2026	Price change	$490,000-1.9%$122/sqft
Source: Mountain Home MLS #131854 Report a problem
10/16/2025	Price change	$499,500-9.2%$125/sqft
Source: CARMLS #25041488 Report a problem
8/19/2025	Price change	$550,000-4.3%$137/sqft
Source: Mountain Home MLS #131854 Report a problem
7/2/2025	Listed for sale	$575,000+53.3%$144/sqft
Source: Mountain Home MLS #131854 Report a problem
3/10/2021	Sold	$375,000+8.7%$94/sqft
Source: Public Record Report a problem
2/3/2021	Contingent	$345,000$86/sqft
Source: Mountain Home MLS #120616 Report a problem
10/12/2020	Price change	$345,000-5.5%$86/sqft
Source: ERA DOTY R.E. FLIPPIN #119229 Report a problem
7/17/2020	Price change	$365,000-14.1%$91/sqft
Source: ERA DOTY R.E. FLIPPIN #119229 Report a problem
5/1/2020	Listed for sale	$425,000+226.9%$106/sqft
Source: ERA DOTY R.E. FLIPPIN #119229 Report a problem
8/10/2004	Sold	$130,000$32/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,175 +0%	$58,670
2024	$3,175	$58,670
2023	$3,175	$58,670
2022	$3,175 +37.5%	$58,670 +37.5%
2021	$2,309	$42,660
2020	$2,309 -0.8%	$42,660
2019	$2,327 +3.8%	$42,660
2018	$2,241	$42,660
2017	$2,241	$42,660
2016	$2,241 +0.8%	$42,660
2015	$2,223	$42,660 +18.7%
2014	$2,223 +71%	$35,940
2013	$1,300	$35,940
2012	--	$35,940 +15.3%
2011	$1,132	$31,160
2010	--	$31,160 +12.4%
2009	--	$27,730
2008	--	$27,730
2007	--	$27,730 +28.9%
2006	--	$21,510
2005	--	$21,510
2004	--	$21,510
2003	--	$21,510 -44.3%
2002	--	$38,590 +50.9%
2001	--	$25,580

Find assessor info on the county website

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