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$589,000

1020 Prospect Ave Hot Springs, AR 71901

5 beds
4 full
4,072 sqft
$145 / sqft
House

Property details

About 1020 Prospect Ave

Experience the warmth and elegance of this beautifully restored Victorian-style estate, nestled in the heart of downtown Hot Springs. This one-of-a-kind home boasts a rich history, stunning architecture, and modern amenities. The main house features 5 spacious bedrooms, with 3 located downstairs and 2 upstairs. There are 3 full bathrooms, expansive storage areas, and plenty of room for a large family. The main house offers 3,472 square feet of living space, with hardwood floors throughout. Recent updates include new insulated windows, fresh interior paint, tile in the kitchen, remodeled bathrooms, and new gas stove. The home also features a tankless water heater, updated plumbing and electrical systems, with new breaker boxes. There are two laundry rooms, one located in the main house and another under the apartment. The completed basement includes a second laundry room. The garage apartment provides an additional 600 square feet of living space, complete with 1 bedroom and 1 bathroom. The home has been extraordinarily well-maintained. It's ready for a new family to move in!

Highlights

Home typeSingle Family Residence
HeatingCentral, Natural Gas
StatusActive
(ACTIVE)
CoolingCeiling Fan(s)
Size4,072 sqft
BasementYes
Year built1920
ParkingDetached
MLS #150094
Garage1 space
FireplaceGas Log, Gas Starter

Summary

  • Full Bathrooms: 4
  • Appliances: Gas Water Heater, Dishwasher, Disposal, Cooktop, Gas Range
  • Basement: Yes
  • Flooring Type: Tile, Wood
  • Interior: Eat-in Kitchen, Breakfast Bar, Walk-In Closet(s), Pantry
  • Fireplace: Gas Log, Gas Starter
  • Total Bedroom Count: 5
  • Garage Space: 1 space
  • Parking: Detached
  • Exterior: Patio, Fence
  • Architectural Style: Victorian
  • Heating: Central, Natural Gas
  • Cooling: Ceiling Fan(s)
  • List Price: $589,000
  • Price/SqFt: $144
  • Annual Tax Amount: $4,709
  • Tax Year: 2024
  • Lot: Corner Lot
  • Directions: From HSBOR, head towards Ouachita Avenue, Continue to W. Grand Avenue, Turn slightly right onto W Grand Ave. Go for 125 ft. House is on the corner.
  • Year Built: 1920
  • Stories: 2
  • Living Area: 4,072 SqFt
  • MLS Number: 150094
  • MLS Name: HotSprings
  • Office Name: McGraw Realtors
  • Office Phone: (501) 881-3331
  • Listing Agent: Svetlana Simmons

Copyright © 2025, Hot Springs Board of REALTORS® MLS. All rights reserved. Information deemed reliable but is not guaranteed.

IDX The data relating to real estate for sale on this web site comes in part from the Hot Springs Data Share Program of the Hot Springs Multiple Listing Service. The listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Information provided is for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This site will be monitored for 'scraping' and any use of search facilities of data on the site other than by a consumer looking to purchase real estate, is prohibited.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/20/2025, 12:45:39 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Price information

Property sales

DateEventPrice
Feb 25, 2022
Home Sold
$560,000
May 30, 2018
Home Sold
$245,000
Dec 17, 2004
Home Sold
$33,000

Tax history

YearAssessmentProperty Tax
2024$115,250$4,709
2023$115,250$4,784
2022$115,250$3,062
2021$55,180$2,521

History based on county public records data.

Nearby schools

7

Park Magnet IB World School

Public Magnet PK-6

1.0 mi

617 Main St

4

Main Street Visual and Preforming Arts Magnet School

Public Magnet PK-6

1.3 mi

301 Oaklawn St

4

Oaklawn STEM Magnet School

Public Magnet PK-6

1.5 mi

525 Hammond Dr

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $21,646. Residents of Hot Springs, AR typically earn less than $<35k each year. The most common type of family is single, no kids. Typical level of education for residents in this area is post secondary degree.

How much money do the neighbors make?

64%
<35k
30%
35k-100k
6%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree

What types of families live nearby?

59%
Single, No Kids
11%
Single, with Kids
22%
Married, No Kids
8%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

8%
<11 yrs old
6%
12-17 yrs old
28%
18-34 yrs old
47%
35-64 yrs old
11%
65+ yrs old

What do the neighbors do for fun?

  • UFCUFC
  • Pro BoxingPro Boxing
  • Horse RacesHorse Races

Where do the neighbors shop?

  • Family DollarFamily Dollar
  • BurlingtonBurlington
  • Stein MartStein Mart

Where do the neighbors go to eat?

  • Burger KingBurger King
  • PopeyesPopeyes
  • LongHorn SteakhouseLongHorn Steakhouse

What do the neighbors drive?

  • BuickBuick
  • DodgeDodge
  • CadillacCadillac

What do the neighbors listen to?

  • Urban ContemporaryUrban Contemporary
  • Contemporary InspirationalContemporary Inspirational
  • JazzJazz
All data provided by Home Junction and Claritas

Similar homes for sale

Frequently asked questions

Living in Hot Springs, AR

Transportation in Hot Springs includes a network of roads that connect residents to key areas within the city and beyond. Public transit options are available, providing residents with alternatives to private vehicle use. The city's layout also supports a degree of walkability, particularly in the downtown area, where residents and visitors can enjoy easy access to shops, restaurants, and entertainment. While specific ride-sharing services are operational, the community's transport infrastructure continues to evolve to enhance connectivity and convenience.

The community is served by a range of essential services, including public schools that cater to students from kindergarten through high school, as well as private educational options. Healthcare is accessible through local clinics and a hospital equipped to provide a variety of medical services. Retail and dining establishments are plentiful, offering both local and international cuisine, and the city is proactive in adapting its services to meet the evolving needs of its residents.

Hot Springs is celebrated for its unique blend of natural beauty and historical significance. The community prides itself on its namesake hot springs and the historic Bathhouse Row, which together create a distinctive atmosphere. The city's character is further enriched by its art galleries, music festivals, and the famous Hot Springs National Park, offering residents a serene yet culturally vibrant lifestyle.

Hot Springs offers a diverse array of housing options, with single-family homes being a significant part of the market. Architectural styles vary, with a mix of historic homes that reflect the city's rich past and more contemporary designs for modern living. The housing market is dynamic, with a homeownership rate that reflects a healthy balance between owners and renters within the community.

About 1020 Prospect Ave

The listing price of 1020 Prospect Ave property is $589,000.

The property 1020 Prospect Ave is a house located in Hot Springs, Arkansas, 71901.

Active Listing: 1020 Prospect Ave is For Sale (Active/New) which means the seller is accepting offers.

The nearby schools for 1020 Prospect Ave are: Park Magnet IB World School (GreatSchools Rating 7/10), Main Street Visual and Preforming Arts Magnet School (GreatSchools Rating 4/10), Oaklawn STEM Magnet School (GreatSchools Rating 4/10), Lakeside Middle School (GreatSchools Rating 7/10), Fountain Lake Middle School Cobra Digital Preparatory Academy (GreatSchools Rating 6/10), Lake Hamilton Middle School (GreatSchools Rating 5/10), Hot Springs World Class High School (GreatSchools Rating 5/10), Lakeside High School (GreatSchools Rating 9/10), Cutter-Morning Star High School (GreatSchools Rating 4/10).

According to the records, the last property tax for 2024 is $4,709 (source: MLS/based on county public records data).

The last sale was on February 25, 2022 for $560,000 (source: MLS/tax record).

The property at 1020 Prospect Ave has 5 bedrooms and 4 bathrooms.

The property 1020 Prospect Ave is 4,072 SqFt (source: MLS/tax record).

The year of construction for 1020 Prospect Ave is 1920.

This home is located at 1020 Prospect Ave in Hot Springs, AR and zip code 71901. This 4,072 square foot home was built in 1920. Features: 5 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since March 17, 2025 and is currently priced at $589,000.

Hot Springs, AR housing market in June 2025 saw over 5 listings sold above listed price, more than 17 sold at listed price and over 64 sold below. The inventory of homes for sale in Hot Springs, AR between May and June 2025 increased by 7.1%. In June 2025, listings were on the market for 84 days. During the same period, the median list price in this real estate market was $210,000.

From Rocket Homes Real Estate and based on county public records data.

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