End-of-Inventory Liquidation Deal – Infill Lot Near Lake DeSoto & Cortez | Build Now in Prime Palencia Pocket

$6,950.00 USD
Closes: 

1d5h(Jul 08, 2026 09:39 PM UTC)

$100.00 USD

Bid Increment

or

$6,950.00 USD

Buy Now
Sales/Lot Type:

Online Auction

Removal & Shipping:

Buyer Must Arrange. See details.

Subject to an auto-extension of the auction end time.

You are already theHighest Bidder

Full payment details can be found in here

I have read and understand the Terms & Conditions, my bid amount is correct, and I can arrange shipping/handling.

Your account will be locked if you are the winning bidder and fail to pay for this asset. Additionally, you will be charged a service fee of 40% of your winning bid.

Possible Bad Bid

The Minimum Bid is USD 6,950.00.
Is this correct?
If this is correct, to continue select "Accept Bid."

WATCHERS: 1 |VISITORS: 50

Seller

Pitman Realty LLC - Real Estate Remarketing, NY

Seller's Terms & Conditions

View

Seller's Other Items

View

Description

Hot Springs Village, AR - 0.247 Acre Infill Lot | PALENCIA LN | Near Lake DeSoto & Lake Cortez, Close to Amenities

📄 DESCRIPTION
Secure a strategic position inside one of Hot Springs Village’s most established and desirable subdivisions. This infill lot on Palencia Ln offers immediate build potential in a developed setting—no waiting, no guesswork. With close proximity to Lake DeSoto and Lake Cortez, plus easy access to nearby establishments, this parcel delivers the rare blend of location, usability, and long-term upside. As available infill inventory continues to tighten, opportunities like this are becoming increasingly limited.

📍 Property Details
Address: PALENCIA LN
Subdivision: PALENCIA
Block/Lot: BLOCK 1 LOT 8
Parcel #: 200-49400-008-000
S-T-R: 02-01S-19W
Size: 0.247 acres (10,767.926 sq ft)

🌟 Why This Lot Stands Out
✔ True infill lot surrounded by established homes
✔ Minutes to Lake DeSoto & Lake Cortez
✔ Close to shopping, dining, and daily conveniences
✔ Build-ready parcel in a proven, desirable subdivision
✔ Strong resale and long-term appreciation potential

👉 Infill lots like this offer immediate usability and stronger market appeal—making them a top choice for both builders and investors seeking reliable value.

About the Area / Community
Hot Springs Village is a premier gated community known for its natural beauty, active lifestyle, and resort-style living. Spanning thousands of acres of rolling terrain, lakes, and forests, it provides a peaceful environment with modern amenities. Residents enjoy a unique balance of recreation and relaxation, with a strong sense of community and year-round activities. Whether for a primary residence, vacation retreat, or investment hold, the Village continues to attract buyers seeking both lifestyle and value.

Amenities Include:

9 Championship Golf Courses
11 Scenic Lakes
Boating, Fishing & Marinas
Walking & Nature Trails
Fitness Centers & Pools
Tennis & Pickleball Courts
Dining, Clubs & Social Events

📍 Location Advantage

Near Lake DeSoto & Lake Cortez recreation areas
Close to essential services, shops, and restaurants
Short drive to Hot Springs National Park
Convenient 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 near lakes and within established neighborhoods. Infill parcels with similar positioning consistently trend toward the upper end of that range, reinforcing strong value fundamentals.

📈 Investment Angle

Limited supply of infill lots in established subdivisions
Increasing demand for build-ready homesites
Strong community-driven appreciation trends
Flexible exit strategies: build, hold, or resell
Positioned competitively below typical market expectations

🧾 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 time-sensitive liquidation event—giving buyers the chance to secure a premium-located infill lot below typical market pricing. Inventory like this doesn’t last, especially in established sections near lakes. Act now to lock in value before competition drives it higher.

📍 Property Address
PALENCIA LN
Hot Springs Village, AR 71909

Q & A

Have a question or looking to schedule an appointment?

Seller Information

Seller:

Pitman Realty LLC - Real Estate Remarketing, NY

[ view seller's other assets ]

Account Type:

Commercial

Inspection

Buyers are welcome to visit the property prior to placing a bid if they are able to. We are not based in the local area though, so no one will be there to meet you. Buyers do so at their own risk.

It is highly recommended that interested bidders arrange for an external inspection personally or through a designate and that they contact the county or city in which the property is located to confirm the status of the property.

All potential real estate bidders are reminded that it is your responsibility to complete all due diligence needed to determine the condition, market value, or investment value of this asset prior to placing a bid.

By placing a bid, you acknowledge that any statements made by the seller about the condition or market value of the property are subjective, and do not release you from your responsibility to perform due diligence.


Payment

The Buyer Service Fee is to be paid electronically via the 'My Bids' page. The remaining sale amount is paid directly to client at either time of pickup or according to any special payment instructions.

The Buyer's Certificate will contain information to schedule payment & removal.

Once the Buyer Service Fee has been paid to Liquidity Services, payment of the asset in full is due no later than five (5) business days from the time and date of the Buyer's Certificate. Acceptable forms of payment are: Wire Transfer (ACH Not Accepted), or Certified Bank Check.

Checks shall be made payable to: Pitman Realty LLC - Government Remarketing, NY

Removal

***SELLER TO PREPARE DEED DIRECTLY***


Upon receipt of the payment and title information, the quit claim deed will be sent to the County to be recorded into your name by the seller and a copy of the deed will be emailed to you for your records.

There is a $399.95 document fee and processing fees.

ABBA Freight Systems

USA - All States

Services: Transportation FTL dedicated LTL oversized loads

ADCOM Worldwide

USA - All States

Services: Full service pickup, packing, crating, domestic and international shipping

ADM Logistics

USA - All States

Services: Logistics provider and broker with access to a far-reaching transportation network with the backing of a Fortune 30 Company

FreightSaver

USA - All States

Services: Full service pickup, packing, crating, rigging, blanket wrap, domestic and international shipping, warehousing, in house customs brokerage

MoveIt Auction Services

USA - All States

Services: Full service pickup, packing, crating, rigging, blanket wrap, domestic and international shipping

Navis Pack & Ship

USA - All States

Services: Full service pickup, packing, crating, domestic & international shipping

Pak Mail

USA - All States

Services: Full service pickup, packing, crating, domestic & international shipping

Preferred Shipper

Special Instructions

NOTICE: If you are the winning bidder and default by failing to adhere to this seller's terms and conditions, your account with Liquidity Services WILL BE LOCKED.

Guaranty Waiver: All property is offered for sale “AS IS, WHERE IS.” (Seller) makes no warranty, guaranty or representation of any kind, expressed or implied, as to the merchantability or fitness for any purpose of the property offered for sale. Please note that upon removal of the property, all sales are final.

Additional Information

First time bidding? Please review our Terms and Conditions.

For further assistance please review our Frequently Asked Questions.

Turn Your Surplus Inventory Into Cash

Sell On GovDeals !

Get Started Today