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Lake Norfork AR Resort & RV Park 141 County Road 851 4 Room Hotel Elizabeth, AR 72531 $1,799,000 ($449,750/Room)
INVESTMENT HIGHLIGHTS
- Peaceful rural setting in the Ozark foothills
- Located 30 minutes from Mountain Home, AR
- Easy access to Norfork Lake and White River recreation
- Ideal for residential, agricultural, or recreational use
EXECUTIVE SUMMARY
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$167,578
|
$15.91
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$167,578
|
$15.91
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$90,697
|
$8.61
|
| Net Operating Income |
$76,881
|
$7.30
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $167,578 |
| Annual Per SF | $15.91 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $167,578 |
| Annual Per SF | $15.91 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $90,697 |
| Annual Per SF | $8.61 |
| Net Operating Income | |
|---|---|
| Annual | $76,881 |
| Annual Per SF | $7.30 |
PROPERTY FACTS
| Price | $1,799,000 | Lot Size | 10.01 AC |
| Price Per Room | $449,750 | Building Size | 10,533 SF |
| Sale Type | Investment | No. Rooms | 4 |
| Sale Condition | Business Value Included | No. Stories | 1 |
| Property Type | Hospitality | Year Built/Renovated | 1955/2023 |
| Property Subtype | Hotel | Parking Ratio | 4.94/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Zoning | CI - Located within Baxter County Arkansas. Unincorporated area | ||
| Price | $1,799,000 |
| Price Per Room | $449,750 |
| Sale Type | Investment |
| Sale Condition | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 10.01 AC |
| Building Size | 10,533 SF |
| No. Rooms | 4 |
| No. Stories | 1 |
| Year Built/Renovated | 1955/2023 |
| Parking Ratio | 4.94/1,000 SF |
| Corridor | Exterior |
| Zoning | CI - Located within Baxter County Arkansas. Unincorporated area |
AMENITIES
- Pool
- On-Site Retail
- High Speed Internet Access
- Patio
- Marina
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
- Multi-Room Suites
ABOUT 141 COUNTY ROAD 851 , ELIZABETH, AR 72531
Nestled in the scenic Ozarks near Norfork Lake, Kellers Kove Cabin & RV Resort presents a rare opportunity to acquire a fully operational hospitality asset with strong income performance and lifestyle appeal. Spanning approximately 10 acres, this turnkey resort features four beautifully renovated cabins, thirteen full-service RV sites, and a private eight-slip boat dock—ideal for attracting both seasonal vacationers and long-term guests. The property is thoughtfully designed to maximize guest experience and operational efficiency. Amenities include a newly updated swimming pool with bathhouse, a guest pavilion with outdoor kitchen, a camp store, laundry facility, and covered boat storage. An attractive owner’s residence is included, offering comfortable living quarters or additional rental income potential. Positioned in Elizabeth, Arkansas, the resort benefits from proximity to Norfork Lake, a popular destination for boating, fishing, and outdoor recreation. The surrounding region draws visitors from nearby cities such as Mountain Home and Batesville, while remaining accessible to larger metros like Little Rock and Springfield. The area’s natural beauty and recreational draw make this a compelling investment for operators seeking a profitable, lifestyle-oriented business. With proven cash flow and all infrastructure in place, Kellers Kove is ready for new ownership to step in and capitalize on immediate income potential. Whether you’re expanding a hospitality portfolio or seeking a live-work investment, this property offers a rare blend of charm, functionality, and financial performance.
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 4 | $182.00 | - |
PROPERTY TAXES
| Parcel Number | 001-00462-000 | Improvements Assessment | $138,130 (2024) |
| Land Assessment | $17,570 (2024) | Total Assessment | $155,700 (2024) |
PROPERTY TAXES
Presented by
Lake Norfork AR Resort & RV Park | 141 County Road 851
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