Auction Description

ATTENTION: LAKE HAMILTON CONDO BUYERS, S.T.R. OPERATORS & INVESTORS! 
(2) Second-Story Lakefront Condo Units with Excellent Lake Views & Designated Boat Slips in "Farr Shores" HPR in the Red Oak Area off Highway 290 just 6 Miles South of MLK Expressway (Exit 7) & Only 9 Miles from Oaklawn Casino Resort

REAL ESTATE DESCRIPTION: Units 15C & 15D in “Farr Shores” HPR are 2 Bedroom, 2 Bath, Move-in Ready or Rent-Ready Condo Units w/Lake Hamilton Views & Designated Boat Slips, Conveniently Located off Highway 290 Only 9 Miles from Oaklawn Racing & Gaming Casino Resort.

Property Highlights

• 2 Adjoining (Separate, but Connected) Second-Story Lakefront Condo Units with Excellent Lake Views and Designated Boat Slips
• Desirable Location in "Farr Shores" HPR in the Red Oak Area off Highway 290 just 6 Miles South of MLK Expressway (Exit 7) in Hot Springs
• 9 Miles (Approx. 15 Minutes) to Oaklawn Racing and Gaming Casino Resort
• Both Units are Ready to Occupy or Rent Immediately
• Unit 15C is Currently being Utilized by the Seller and Unit 15D is an Income-Producing Unit with Short-Term Rental History
• Both Units are Single-Story, 1,008± Sq. Ft., 2 Bedroom, 2 Bath Units on the Second (Middle) Level, with a Pass-Through Doorway Connecting the Units via the Storage Closets on the Covered Patio, Effectively Creating a 4 Bedroom/ 4 Bath Unit for Renting or Owner Enjoyment
• Farr Shores Allows Short-Term/Nightly Rentals and Offers a Pool, Tennis Courts, and a Private Community Boat Launch Ramp 
• Hardwood Floors & Gas Log Fireplace Insert in Dining/Living Room
• Kitchen with Built-in Appliances & Breakfast Bar
• Master Bedroom with Lake View and Access to Covered Patio
• 2nd Bedroom with Closet
• 2nd Full Bathroom with Tub/Shower Combo
• POA Fee Covers Insurance, All Exterior Maintenance, Water, Trash & Pest Control
• All City Utilities Including Electric, City Water, City Sewer & Natural Gas
• Lakeside School District
• Units Will be Offered Individually and as a Package

Auction Details

• Auction Date & Time: Tuesday, September 1st at 11:00 AM
• Location: 400 Farr Shores Drive, Units 15C & 15D, Hot Springs, AR 71913
• Bidding Options: Live On-Site & Simulcast Online Bidding Available
• Units are Ready to Move into or Rent Immediately
• Offers Made Prior to Auction Day are Welcome and Encouraged!

INSPECTION: Property can be Viewed by Appointment ~ Contact Agent Doug Westgate at 501-815-4004/ doug@wilsonauctioneers.com ~ Doors Open & Auctioneers will be On-site at 10:00 a.m. for Inspection & Registration on Auction Day.

CLOSING COMPANY: Pro Land Title Company ~ Closing Agent: Shanda Dunlap (sdunlap@prolandtitle.com) ~ 401 Section Line Road, Suite F, Hot Springs, Arkansas 71901 ~ (501) 762-0159 ~ Fax/ 760-0557.

REAL ESTATE TAXES FOR YEAR 2025:

Unit 15C – $2,014.41
Unit 15D – $2,576.16

SCHOOL DISTRICT: Lakeside

POA DUES: $395.00 Monthly (Per Unit)

TERMS: $40,000.00 (Per Unit), Each in the Form of a Cashier’s Check made Payable to Wilson Auctioneers, Inc. Down Day of Auction, as Earnest Money ~ Balance Due at Closing ~ Closing within 30 Days ~ Title Insurance with Warranty Deed Provided at Closing ~ Property Sold Free & Clear of any Liens & Encumbrances ~ 10% Auction/ Buyer’s Premium ~ Offers Prior to Auction Day are Welcome.