Tag: Arkansas

Budget Billets

Small Town Feeling, Big Town Amenities in Bella Vista

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Bella Vista

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Editor’s Note: Recently, MoneyWise revealed its list of the 40 most frugal and friendly places to retire. In a bid to provide an idea of what housing inventory is available in these cities and towns, we’re taking a look at listings in each of the cities on the list.

Not everyone can spend $1 million or more on a second home, even if it’s with the idea that eventually you’ll retire there. So when MoneyWise’s list of 40 places to retire that are more budget-friendly came out, we were curious — what kind of homes could you find in these towns?

Last week, we looked at the 14th city on the list — Clemson, South Carolina. This week, we look at Bella Vista, Arkansas, and found three great homes — all for less than $300,000.

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“This relatively small town is home to just 27,600 people and has amazing weather and lovely natural surroundings for active retirees,” MoneyWise said. “In addition to its seven lakes, hardwood forests, and many walking trails, homeowners can also choose from several golf courses, swimming pools, tennis courts, and shooting ranges for low monthly fees.”

“With a median home price of $102,000 and a median monthly rent of $895, Bella Vista is a truly affordable spot to settle down.”

Want to see what we found in Bella Vista? Let’s jump! (more…)
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On the Market

Historic Hot Springs Home Offers Vacation Mode for All – Even the Dogs

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hot springsIf you’ve been looking for a second home that can accommodate a family — even the furry ones — and has plenty of amenities to offer at home and in the area, this week’s historical shelter in Hot Springs, Arkansas, may be for you.

Built in 1918 for D.D. King as a summer home, this Frank Lloyd Wright-inspired Craftsman is 4,980 square feet of house, with four bedrooms and three-and-a-half baths. It sits on 7.62 acres, and is directly across from the Hot Springs Country Club, which boasts two 18-hole golf courses and a tennis complex. (more…)
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On the Market

Eureka Springs Abode Is a Perfect Second Home Site

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This home in Eureka Springs, Ark., offers plenty of room for family and friends, but the real story is the views you can get from all those amazing porches.

If you’re the type that needs a second home with plenty to do, but like both country and city living, this multi-porched stunner in Eureka Springs is an example of some of the best parts of Arkansas.

This gorgeous home on Kirk Street has four bedrooms and three-and-a-half bathrooms. Built in 1903, it’s been well-maintained and structurally updated. (more…)
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Second home trends

Fayetteville Has Second Homes for Every Budget

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A visit to Bill and Hillary's starter home in Fayetteville, Ark., prompted Bethany Erickson to take a look at what the real estate market in the area looks like - and it's a boon for second home hunters.

A visit to Bill and Hillary’s starter home in Fayetteville, Ark., prompted Bethany Erickson to take a look at what the real estate market in the area looks like — and it’s a boon for second home hunters.

Love mountains, but also love shopping? Love Austin, but hate the traffic?

Haaaaaaaave you met Fayetteville, Ark.?

Now, I must confess a great deal of bias — Fayetteville is my old stomping grounds, and whenever we get a chance, we head there for R&R. In fact, we were there over Christmas vacation, and had the chance to tour a very well-known starter home — Bill and Hillary Clinton’s first home — where they lived while both taught at University of Arkansas’ law school.

(more…)
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Second Shelters

Queen Anne Mansion in Eureka Springs Becomes a Private Residence Club

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When you buy a vacation home, you want it to be an escape, right? Maintenance and upkeep can be a wet blanket on second home ownership, though. So why not aim for something with excellent management that’s more like staying at a five-star hotel than a vacation home?

Well, those who buy into the Queen Anne Mansion in Eureka Springs, Ark., will get the red carpet treatment. The Queen Anne Mansion has all of the great things vacation homes have to offer without all of the stress.

We’ve talked about this unique historic property before. It’s an amazing house that was lovingly restored in a unique and beautiful area. And now you can have a vacation home nestled in the Ozarks without the worry.

What do you get with a Private Residence Club fractional property? There are seven suites inside the Queen Anne Mansion, and all of them offer all of the graciousness you’d expect from a property built in 1891 with the modern amenities available in high-end hotels — spa services, concierge, maid services, and turndown.

The Queen Anne Mansion has a corner on the fractional market in Eureka Springs, too.

“It is my experience that the first fractional in a market generally does very well because of the benefits to buyers and the lack of competition,” said David Disick with The Fractional Consultant. “We anticipate the Mansion sales to have strong momentum.”

But how will the Mansion’s club work? Here are the details:

In the Mansion’s model, the first 12 Patron Owners of The Queen Anne Mansion Preservation Trust will benefit from privileged launch pricing of $150,000 per interest. A threshold to closing of 24 deposits has been established, at which point each of the owners will begin to have access to the property.

Ownership will afford each purchaser the right to reserve a minimum of 28 nights of annual usage in seven-night blocks. Owners may reserve a single suite, multiple suites or the entire estate, with each suite counting as one night of usage. Additional nights beyond the 28 reserved nights may be enjoyed on a space-available basis to owners and their accompanied guests via the Club reservation system.

With the name “Private Residence Club” attached to the Queen Anne Mansion’s moniker, do you think this great fractional property will become more attractive to buyers?
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emerging real estate markets

What’s Hot in Fall Fractionals? Eureka Springs Has The Views And The Queen Anne Mansion

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Fractional home ownership, Second Shelters
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Fall in the Ozarks is spectacular, and if you’ve ever taken a trip to Arkansas before, you know that the views of the changing leaves can be breathtaking. So why not own a fractional vacation property in one of the fastest growing tourist destinations in Arkansas — Eureka Springs.

We consulted with David Disick, the expert behind The Fractional Consultant, about Eureka Springs, Ark. He tells us that the market there is small, but the getting is good.

Second Shelters: When are the high and low seasons of Eureka Springs? Likewise, what are the major attractions for potential vacation home owners?

Disick: High season is June through November and low season is January through February. Major attractions for potential home owners include the historic downtown area, specifically Spring and Main Streets, Eureka Springs Historical Museum and Eureka Springs & North Arkansas Railway. Additionally, Eureka is known for festivals such as the May Fine Arts Festival and its colorful Artrageous Parade to Shakespeare in the Ozarks, Opera in the Ozarks, Diversity Weekends, Books in Bloom, auto shows, and an annual UFO conference. Warm-weather weekends can be spent listening to blues, jazz, folk and classical music performances, while monthly Gallery Strolls showcase the talents of the town’s many resident artists.

The Queen Anne Mansion is the only fractional property available in Eureka Springs, Ark.

SS: As far as fractional ownership in Eureka Springs, what developments are hot? Which ones are a great deal?

Disick: The Queen Anne Mansion is the only Private Residence Club in Eureka that is currently offering ownership positions.

SS: How does the Queen Anne Mansion compare to the national fractional ownership picture?

Disick: Compared to the national picture, the Mansion is a unique offering — an exclusive opportunity that you can buy positions in. It is my experience that the first fractional in a market generally does very well because of the benefits to buyers and the lack of competition. We anticipate the Mansion sales to have strong momentum.

SS: Anything interesting you’d like to add?

The 2011 opening of the $1 billion Crystal Bridges Museum of American Art in nearby Bentonville is a world-class attraction that is bringing global attention to Northwest Arkansas.
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