Property for Sale
Prop. Type:	Land - Undeveloped
Address:	Fulton County Arkansas United States
Size:	400.00 acres 160 hectares
Asking Price:	$3,000,000 (USD)
Irrigation:	No
Residence:	No

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Person Offering the Property
Name:	Randy Clayton Real Estate Agent
Bus. Name:	Mossy Oak Properties - Delta Land Management Company LLC
Address:	1920 North Main Street Suite 100 North Little Rock, Arkansas 72114 United States
Phone:	501-681-5404 Business
rclayton@mossyoakproperties.com

Location Description:
The property is located near Mammouth Spring, Arkansas just below Dam #3 along the Spring River.

General Description:
This is one of the most beautiful properties we have had the pleasure to have on the market, and is perfect for waterfront development with over 4,000 feet of Spring River frontage as well as a private lake. The property consists of rolling hills, mature hardwood forests, open pastures, and is literally teaming with wildlife. It is a place where all four seasons can be experienced and treasured.

The Spring River is one of the most unique rivers in the country. Emerging near the Missouri border in northcentral Arkansas, the Spring River has been described as the state's most dependable natural stream. Mammoth Spring, flowing at over nine million gallons of 58-degree water per hour, serves as the headwaters for the river and provides plenty of fresh water throughout the year. Trout and walleye fishing are excellent, and floating between Mammoth Spring and Hardy is excellent for beginning and intermediate canoeists. The stretch of river running through the property is perfect for fly fishing. The river is crystal-clear, with long pools and whitewater shoals.

A conceptual plan has been developed to create the property into a Conservation Community, with 80 homesites (mostly waterfront), common areas along the Spring River and the private lake, and an equestrian area. Within this plan, a large conservation easement could be developed and provide extensive "green space" for horseback riding, hiking, riding ATV's, and wildlife viewing and photography. Property for sale along the upper end of the Spring River is extremely limited, and demand is high. The chance to purchase land adjacent to this property may also be a possibility.

Improvement Notes:
A new gravel road has been constructed on the property and provides great access. Waterlines have been run to the property to provide city water to the homesites.

An historic one room school house is also on the property and is most likely eligible for the National Register of Historic Places.

Financial Notes:
This property is an exceptional waterfront development investment. If the property is developed into a conservation community, homesite lots in the $125,000 range would certainly be a possibility. Incredible tax incentives are also a possibility by donating the "green space" as a conservation easement to a conservation organization, and tax incentive funding for additional improvements such as paving the road and developing a sewage treatment facility on the property to service the homes.

Soil Notes
No soil information entered.