Lake Hamilton Cottages - 188 Lake Hamilton Drive, Hot Spring

4 lake lots available !!!
this is part of a small property owner's association.
lake access is common to all 8 building owners.
there are 4 spaces to build free standing 1080 sq. ft. townhouses with a double carport.
we have building plans & specs that you can have.
exterior has to be white vinyl siding, but you can do whatever you want to the inside.
you build it and put your own touches on the inside.
we can put you in touch with several reputable builders, or you can handle it yourself.

CUTE CUTE CUTE!!!
water front cottages on Lake Hamilton
walk to mall, 1 mile from wal-mart, 3.85 miles from Oaklawn race track

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PLEASE READ THE ENTIRE PAGE FOR DETAILS.
THERE ARE MORE PICTURES AT THE BOTTOM AND MORE INFO ON THE NEXT PAGE.
FEEL FREE TO DRIVE BY:
188 LAKE HAMILTON DR, 71913.

EACH OWNER WILL HAVE EQUAL ACCESS TO THE WATER & THE BOARDWALK (proposed).

WE HAVE APPROVAL FROM ENTERGY TO BUILD 1 ADDITIONAL BOAT SLIP, 4 JET DOCKS, AND A BOARDWALK ALONG THE PERIMETER. WE PLAN TO CONSTRUCT THESE IN FALL '09.

EACH UNIT WILL BE LIKE A CONDO, EXCEPT THE OWNER MAINTAINS THE ENTIRE STRUCTURE (and any deck or carport attached).

THE LAND IS HELD IN COMMON AMONG ALL OF THE OWNERS IN A HORIZONTAL PROPERTY REGIME (HPR: simply the legal structure that governs condos).

A PROPERTY OWNER'S ASSOCIATION (POA: made up only of property owners) WILL HAVE JURISDICTION OVER THE COMMON AREAS.

MANY OF YOU ARE PROBABLY FAMILIAR WITH A P.O.A. IF YOU LIVE IN ANY KIND OF DEVELOPED SUBDIVISION.

THE P.O.A. WILL HAVE ALL THE GROUNDS MAINTAINED, SO YOU DON'T HAVE TO WORRY ABOUT MOWING OR RAKING!
IT WILL ALSO COVER A COMMON DUMPSTER.

THIS IS DONE TO ENSURE THAT THE GROUNDS MAINTAIN A COMMON UNIFYING THEME. IT'S A VERY UNIQUE PLACE AND WE WANT TO KEEP IT BEAUTIFUL!

YOU GET THE GOOD THINGS FROM A CONDO DEVELOPMENT, BUT A LITTLE SPACE BETWEEN YOU AND YOUR NEIGHBOR.

THERE WILL NOT BE RESTRICTIONS ON USING YOUR BUILDING AS YOU SEE FIT. FOR INSTANCE, IF YOU WANT TO RENT IT OUT DURING RACE SEASON, YOU CAN. YOU CAN LIVE IN IT YEAR ROUND, SPEND THE SUMMERS HERE, OR RENT IT OUT & NEVER SEE IT AT ALL. THIS ALLOWS YOU TO GET THE MOST OUT OF YOUR OWNERSHIP.

THERE IS ALSO SPACE TO PARK A BOAT TRAILER.

WE HAVE USED 2 OF THE BUILDINGS AS WEEKLY/MONTHLY RENTALS. THEY STAY PRETTY FULL FROM JANUARY - OCTOBER (race season through lake season). #2 consistently rented for $600/wk and #3 for $500/wk. THE ONLY ADVERTISEMENT WE DID WAS VRBO.COM.

WE WILL PROVIDE A 1 YEAR 3RD PARTY WARRANTY WITH EACH BUILDING. THEY ARE ALL IN PRETTY GOOD SHAPE. YOU CAN DO WHATEVER YOU WANT TO THE INSIDE OF THE UNIT. ANY EXTERNAL CHANGES WILL HAVE TO BE APPROVED BY THE P.O.A. ARCHITECTURAL COMMITTEE (the developer until all units are sold).