Folks love lakefront condo living... IN the last 6 months (which is where "comps" come from), 64 lakefront condominiums sold. This is important data, as it is where appraisers look and where agents look, just to see the trends and values of properties that actually SOLD. You can list a property for almost anything, but it is what SELLS that is a true picture.
64 Lakefront condos in the last month. The average sold price on a Hot Springs lakefront condo was $206,870, with a median of $184,250. Sold prices ranged from $750,000 to $75,000 and selling price based on overall average was a little over 94% of asking price.
Hope this info is helpful to you.