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GovAuctions aggregates government surplus auctions from official platforms. We are not affiliated with GSA, HUD, or any government agency. · Terms · Privacy
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Immediate Liquidation – Infill Lot Near Lake DeSoto & Cortez | Build-Ready in Established Palencia Community - photo 1

Immediate Liquidation – Infill Lot Near Lake DeSoto & Cortez | Build-Ready in Established Palencia Community

GovDealsReal Estate📍Hot Springs Village, AR

Current Bid

$0

Time Left

2d 13h

Ends Aug 13, 2026

Market demand: Real Estate in Arkansas sell about 9% of the time. Based on 206 completed sales over the last year.

Seller

🏛️ Pitman Realty LLC - Real Estate Remarketing, NY

Condition: As-is

Full Description

Hot Springs Village, AR - 0.227 Acre Infill Lot | PALENCIA LN | Near Lake DeSoto & Lake Cortez, Close to Amenities 📄 DESCRIPTION Position yourself inside a well-established pocket of Hot Springs Village with this strategically located infill lot on Palencia Ln. Surrounded by existing homes and close to daily conveniences, this parcel is primed for immediate development—no delays, no uncertainty. Its proximity to both Lake DeSoto and Lake Cortez adds recreational appeal and long-term value, making it an increasingly rare find in a market where build-ready lots in developed areas are quickly disappearing. 📍 Property Details Address: PALENCIA LN Subdivision: PALENCIA Block/Lot: BLOCK 1 LOT 19 Parcel #: 200-49400-019-000 S-T-R: 02-01S-19W Size: 0.227 acres (9,872.747 sq ft) 🌟 Why This Lot Stands Out ✔ Desirable infill lot within an established neighborhood ✔ Close proximity to Lake DeSoto & Lake Cortez ✔ Near shopping, dining, and essential services ✔ Build-ready with strong neighborhood appeal ✔ Ideal for immediate construction or long-term hold 👉 Infill properties like this are highly favored for their convenience, resale strength, and reduced development risk—making them a smart acquisition in any market cycle. About the Area / Community Hot Springs Village is a nationally recognized gated community offering a blend of natural beauty and resort-style amenities. Known for its expansive landscapes, peaceful environment, and active lifestyle, it attracts homeowners and investors alike. With access to lakes, golf courses, and social amenities, residents enjoy a lifestyle that balances relaxation with recreation. Whether you're building a dream home or adding to your investment portfolio, this community offers enduring appeal. Amenities Include: 9 Championship Golf Courses 11 Recreational Lakes Boating & Fishing Access Walking & Nature Trails Fitness Centers & Pools Tennis & Pickleball Courts Dining, Clubs & Community Events 📍 Location Advantage Minutes from Lake DeSoto & Lake Cortez Close to everyday establishments and services Short drive to Hot Springs National Park Easy access to Little Rock 💰 HIGH-END COMPS Recent larger and well-positioned lots in Hot Springs Village have sold in the $12,000 – $25,000+ range, particularly those located near lakes and within established subdivisions. Infill lots with similar positioning continue to trend toward higher price brackets, supporting strong value potential. 📈 Investment Angle Decreasing supply of infill lots in developed communities Strong demand for build-ready homesites Attractive for builders and long-term investors Flexible exit strategies (build, resell, or hold) Positioned below typical retail pricing 🧾 HOA Information Low HOA fees for landowners — approximately $552/year for undeveloped lots (as of 2025). Includes access to all Village amenities. ⚡ Auction Opportunity This is a limited-time liquidation scenario—giving buyers the ability to acquire a well-located infill lot at a compelling entry point. Parcels like this, especially near lakes and amenities, are quickly absorbed by the market. Don’t miss the chance to secure this asset before competition intensifies. 📍 Property Address PALENCIA LN Hot Springs Village, AR 71909

Pickup Information

📍
Hot Springs Village, AR 71909

Pitman Realty LLC - Real Estate Remarketing, NY

📅Pickup within 10 business days
📝Contact seller through GovDeals for pickup details. Most sellers require pickup within 10 business days of payment.

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Current Bid

$5,821

2d 13h left

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Market data: see how government surplus prices are moving in the Surplus Price Index and how often each category sells in the Surplus Market Report.