Nestled in the prestigious Deanwood Subdivision, this exquisite 4-bedroom, 3-bathroom home offers a perfect blend of sophistication and functionality, making it ideal for corporate tenants, academics, and traveling medical professionals. With a spacious 3,121 sq ft layout, this two-story brick residence features a primary suite on the main level for added convenience, as well as additional versatile rooms that can be adapted into offices or a game room. Located within the esteemed Lakeside School District, this property is a stone's throw away from local amenities, making it an ideal choice for those seeking both comfort and convenience.

With the potential for multi-year leases and the option for corporate leasing, this property provides stability and flexibility to cater to your professional needs. The large fenced backyard offers a serene space for relaxation, while the inclusion of stainless steel appliances and a washer/dryer ensures modern comfort. Contact Lake Hamilton Realty to schedule a viewing of this exceptional home and explore its full potential.

Important Notes

Owner is out of town and can be contacted at the end of the week. Open to multi-year leases (2-3 years preferred). No HOA. Security deposit is $2,000. No pets allowed. Unfurnished. For inquiries, contact rentals@lakehamiltonrealty.com or call 501-525-0016.

Property Features

• 4 Beds / 3 Baths: Spacious layout suitable for families or shared living arrangements.
• Garage: Convenient 2-car garage for secure parking.
• Stainless Steel Appliances: Includes double ovens for culinary enthusiasts.
• Washer/Dryer: Laundry facilities included for your convenience.
• Large Fenced Backyard: Perfect for outdoor activities and relaxation.

Hot Springs, Arkansas has implemented detailed regulations for non-owner-occupied short-term rentals (STRs) to address community concerns and ensure compliance with local laws. Below is a summary of the key regulations:

Licensing and Permits

1. Business License: STR owners must obtain a business license annually, with renewal due on January 1 each year23.
2. Special Use Permit: Non-owner-occupied STRs in residential zones require a conditional-use permit2.
3. Certificate of Occupancy (CO): A CO inspection is mandatory for new STR licenses or when occupancy limits change35.
4. Fees: The annual permit fee for non-owner-occupied STRs is $1503.

Caps and Zoning

1. Residential STR Cap: Hot Springs limits the number of STRs in residential zones to 700 annually56. This cap excludes properties in commercial zones or condominiums.
2. Neighborhood Density: While there is no specific protection for individual blocks, the city aims to limit overall density within neighborhoods1.

Operational Requirements

1. Local Contact Person: Each STR must have a local property manager available 24/7 who can respond on-site within 60 minutes to address issues25.
2. Parking: Two off-street parking spots are required per property12.
3. Occupancy Limits: Maximum occupancy is set at two persons per bedroom plus two additional occupants25.
4. Compliance with City Codes: STRs must adhere to solid waste management and noise ordinances15.

Inspections and Penalties

1. Inspections: Initial inspections are mandatory, but annual inspections are not required unless occupancy changes or compliance issues arise13.
2. Penalties for Violations:
   • First offense: Up to $1,000.
   • Second offense: Up to $2,000.
   • Subsequent offenses: Up to $4,000, with potential shutdown of the STR1.

Additional Requirements

1. Good Neighbor Brochure: STR owners must provide renters with guidelines on city rules and neighborhood expectations1.
2. Posting Regulations: Important city requirements must be visibly posted within the rental property4.