Welcome to Fiesta Bay on Lake Hamilton. These are beautiful, modern condominiums built right on the water's edge of Lake Hamilton at 106 Grand Isle Drive. There are four buildings along the water with 25 units that come in several sizes that were built in 2005. Prices range from around $300,000 - $700,000 depending on the size, the interior amenities and whether a boat slip is included. The sizes range from 1,662 sf to 3,808 sf with four "penthouse" units on the top floor of each of those buildings. The complex is gate-guarded and has a nice covered garage on the back side, along with extra uncovered parking pads for guests. The buildings have elevators for easy access. Along with all this, you'll also enjoy its convenient location in the heart of the popular "7 south" area and a short walk away from one of Hot Springs' finest dining spots on the water at Fisherman's Wharf. The complex features a fantastic pool, cabana and outdoor kitchen, boardwalk along the water's edge, a fishing/swim dock for all, and some units have a personal covered boat slip.
The Property Owners' Association (POA) fees range from around $320 - $700/month (depending on the size of the unit), which includes all exterior maintenance, insurance, termite policy, pool & cabana maintenance, lawn care, and also includes the propane gas for the gas fireplaces. The owners agreed to a large POA assessment ($20,000+/unit) in 2014 which covered many exterior improvements, which makes this complex a good investment today. The roofs were also replaced in 2016. The POA allows rentals with a one year minimum lease.
Below is a tour of one of the homes that we recently sold here.