141 Penbay Pl

3+ Acre Lake Hamilton View Property | Peninsula Point Area Rare opportunity to own approximately 3+ acres in the desirable Peninsula Point area overlooking Lake Hamilton. Positioned on an elevated homesite, this property offers potential for expansive, panoramic lake views and a peaceful, natural setting. The existing one-owner home features a unique architectural design, presenting an opportunity for renovation or reimagining. Ideal for buyers looking to restore the home as a guest residence while building a new primary home to take full advantage of the elevated vista and surrounding views. The acreage provides flexibility for potential subdivision into multiple buildable lots (subject to city approval) making this an appealing option for investors, builders, or those seeking a private estate setting. Located just minutes from Lake Hamilton amenities, this property combines privacy, view potential, and development opportunity in one of Hot Springs’ sought-after areas.