This Beautiful Rustic Lake Home located on Lake Norfork offers a natural look both inside & out! 4 Bedrooms-3 Bath. Fully furnished- all new high-quality furnishings convey with the home. The property Joins the Corp with a permitted trail in the quiet Diamond Bay Community near Hand Cove. Stunning hand-crafted beams & hardwood floors in the living area. The walkout basement is ready to convert into a den & living space. Upgrades! New front & back decks, basement garage door/auto open, complete water system-hot water tank, water softener, well pump & pressure tank, toilets. Basement resealed, 2 sump pumps & French drain system, electric vehicle charger, alarm system, ceiling fans outside and inside. New appliances - 2 refrigerators w/ice makers, dishwasher, microwave, washer and dryer. 2 fireplaces (1 wood burning and 1 gas) Shop with 2 bay doors. This would make a great family home or VRBO! Note: You can also purchase separately a 10 x 28 boat slip with lift in a community dock.
For sale
Price cut: $9.5K (4/7)
$490,000
782 Diamond Bay Rd, Elizabeth, AR 72531
4beds
4,006sqft
Est.:
Single Family Residence, Lake Home
Built in ----
0.57 Acres Lot
$473,600 Zestimate®
$122/sqft
$-- HOA
What's special
Boat slipWalkout basementHigh-quality furnitureHardwood floorsHand-crafted beamsCeiling fansNew appliances
- 283 days |
- 753 |
- 21 |
Zillow last checked: 7 hours ago
Listing updated: April 06, 2026 at 05:44pm
Listed by:
Cindy Davis 870-335-7346,
SOUTHERN BREEZE REAL ESTATE 870-425-8868
Source: Mountain Home MLS,MLS#: 131854
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
- Main level bedrooms: 2
Primary bedroom
- Level: Main
- Area: 196
- Dimensions: 14 x 14
Bedroom 2
- Level: Main
- Area: 88
- Dimensions: 11 x 8
Bedroom 3
- Level: Upper
- Area: 84
- Dimensions: 7 x 12
Bedroom 4
- Level: Upper
- Area: 98
- Dimensions: 7 x 14
Dining room
- Level: Main
- Area: 150
- Dimensions: 10 x 15
Family room
- Level: Lower
- Area: 594
- Dimensions: 22 x 27
Kitchen
- Level: Main
- Area: 180
- Dimensions: 18 x 10
Living room
- Level: Main
- Area: 777
- Dimensions: 21 x 37
Heating
- Central, Propane
Cooling
- Central Air, Electric
Appliances
- Included: Dishwasher, Disposal, Refrigerator, Electric Surface Unit, Wall Oven, Double Oven, Range Hood, Microwave, Washer, Dryer, Water Softener Owned, Water Filter
- Laundry: Washer/Dryer Hookups
Features
- Basement: Full
- Number of fireplaces: 2
- Fireplace features: Two, Insert-Gas, Living Room, Family Room, Masonry, Wood Burning
Interior area
- Total structure area: 4,006
- Total interior livable area: 4,006 sqft
Property
Parking
- Total spaces: 3
- Parking features: Garage
- Has garage: Yes
Features
- Body of water: Lake Norfork
Lot
- Size: 0.57 Acres
Details
- Parcel number: 00203238000
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence, Lake Home
Materials
- Stone, Wood Siding, Log
Community & HOA
Community
- Subdivision: Diamond By Ad_2
Location
- Region: Elizabeth
Financial & listing details
- Price per square foot: $122/sqft
- Tax assessed value: $293,350
- Annual tax amount: $3,175
- Date on market: 7/2/2025
Estimated market value
$473,600
$450,000 - $497,000
$2,429/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 4/7/2026 | Price change | $490,000-1.9%$122/sqft |
Source: Mountain Home MLS #131854 Report a problem | ||
| 10/16/2025 | Price change | $499,500-9.2%$125/sqft |
Source:  CARMLS #25041488 Report a problem | ||
| 8/19/2025 | Price change | $550,000-4.3%$137/sqft |
Source: Mountain Home MLS #131854 Report a problem | ||
| 7/2/2025 | Listed for sale | $575,000+53.3%$144/sqft |
Source: Mountain Home MLS #131854 Report a problem | ||
| 3/10/2021 | Sold | $375,000+8.7%$94/sqft |
Source: Public Record Report a problem | ||
| 2/3/2021 | Contingent | $345,000$86/sqft |
Source:  Mountain Home MLS #120616 Report a problem | ||
| 10/12/2020 | Price change | $345,000-5.5%$86/sqft |
Source: ERA DOTY R.E. FLIPPIN #119229 Report a problem | ||
| 7/17/2020 | Price change | $365,000-14.1%$91/sqft |
Source: ERA DOTY R.E. FLIPPIN #119229 Report a problem | ||
| 5/1/2020 | Listed for sale | $425,000+226.9%$106/sqft |
Source: ERA DOTY R.E. FLIPPIN #119229 Report a problem | ||
| 8/10/2004 | Sold | $130,000$32/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,175 | $58,670 |
| 2023 | $3,175 | $58,670 |
| 2022 | $3,175 +37.5% | $58,670 +37.5% |
| 2021 | $2,309 | $42,660 |
| 2020 | $2,309 -0.8% | $42,660 |
| 2019 | $2,327 +3.8% | $42,660 |
| 2018 | $2,241 | $42,660 |
| 2017 | $2,241 | $42,660 |
| 2016 | $2,241 +0.8% | $42,660 |
| 2015 | $2,223 | $42,660 +18.7% |
| 2014 | $2,223 +71% | $35,940 |
| 2013 | $1,300 | $35,940 |
| 2012 | -- | $35,940 +15.3% |
| 2011 | $1,132 | $31,160 |
| 2010 | -- | $31,160 +12.4% |
| 2009 | -- | $27,730 |
| 2008 | -- | $27,730 |
| 2007 | -- | $27,730 +28.9% |
| 2006 | -- | $21,510 |
| 2005 | -- | $21,510 |
| 2004 | -- | $21,510 |
| 2003 | -- | $21,510 -44.3% |
| 2002 | -- | $38,590 +50.9% |
| 2001 | -- | $25,580 |
Find assessor info on the county website
Monthly payment
Est. payment
$2,565/mo
Principal & interest
$2377
Property taxes
$188
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Climate risks
Neighborhood: 72531
Getting around
0 / 100
Car-DependentNearby schools
GreatSchools rating
- 7/10Viola Elementary SchoolGrades: K-6Distance: 14.5 mi
- 6/10Viola High SchoolGrades: 7-12Distance: 14.5 mi
Local experts in 72531
- Arkansas
- Baxter County
- Elizabeth
- 72531
- 782 Diamond Bay Rd
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