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Tara Limbird

Principal Broker | Operator | Limbird Real Estate Group | PLACE

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11246 Wayout Ln , Mulberry, AR 72947
$234,900
Est. Payment: $1,281.95/mo
4 Bed
2 Bath
1500 Sqft
5 Acres
Status: active | Days on site: 33
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Tara Limbird
Principal Broker | Operator

House Description

NEW PRICE | $234,900 READY TO LEAVE CITY LIFE BEHIND? THIS 5-ACRE PROPERTY COULD BE YOUR CHANCE! If you've been dreaming of *more space, more privacy, and a place to create your own homestead*, this unique 5-acre property deserves a look! With *two homes, established outdoor features, rental income potential, and room to make it your own*, the possibilities here are hard to find at this price. The main home is a charming cabin featuring 4 bedrooms and 1 bathroom, offering the perfect starting point for your country retreat. Cozy up by the wood-burning stove, then step outside onto the spacious wrap-around porch, complete with an outdoor kitchen and additional storage room, perfect for relaxing, entertaining, or enjoying peaceful country mornings. And the outdoor amenities make this property truly special! The acreage already features a *chicken coop, barn, garden, koi pond, playhouse, swingset, and established fruit trees and bushes*, including *peach, apple, cherry, plum, blackberry, and pomegranate*. There's plenty of room to garden, raise chickens, enjoy the outdoors, or simply spread out and enjoy the space. The property is serviced by a shared well, along with instant hot water heaters. The home is also ready for Wave Internet, offering the opportunity for modern connectivity while enjoying a more rural lifestyle. But that's not all… The second home is currently rented for $700 per month and offers 4 bedrooms and 2 bathrooms. Use it as an income-producing rental, guest house, multi-generational living space, or additional room for your own vision. Both homes need repairs and are being offered AS IS, WHERE IS, but for the right buyer, this could be an incredible opportunity to put in the work, build equity, and create something truly your own. Whether you've been searching for a homestead, investment property, multi-generational setup, rental opportunity, or simply a place to escape the hustle and bustle of city life, this property offers a combination that's becoming increasingly difficult to find: ?? 5 Acres ?? 2 Homes ??? 8 Bedrooms Total ?? 3 Bathrooms Total ?? $700/Month Current Rental Income ?? Wood Stove & Fireplaces ?? Garden & Established Fruit Trees ?? Chicken Coop ?? Barn ?? Koi Pond ?? Wrap-Around Porch ?? Outdoor Kitchen ?? Playhouse & Swingset ?? Ready for Wave Internet If you're ready to trade traffic and city noise for acreage, fresh air, and room to breathe, come take a look and see what you could create here. **Property is being sold AS IS, WHERE IS.** Buyers should perform their own inspections and due diligence. Bring your vision, bring your toolbox, and come see the potential!

Highlights

Listed by Whitney Lamb , 479-392-7020 Century 21 First Choice Realty , 918-775-9134. Fort Smith Board of Realtors

Property Type

Residential

Lot/Acreage
5

Year Built

2018

County

Franklin

Neighborhood

Elliotts Mountain View Sub

School District

Ozark

Listing ID

1090839

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:4
  • ▪ Bathrooms:2
  • ▪ Full Bathrooms:2
Appliances:Convection Oven, Counter Top, Dryer, Electric Water Heater, Microwave, Oven, Refrigerator, Water Heater, Washer
Air Cond:Window Unit(s)
Fireplaces:Wood Burning,Wood BurningStove
Floor:Wood
Other:
  • ▪ Additional:Ceiling Fan(s)
Water:Well

Exterior Features

Lot:Cleared,Rural Lot,Secluded,Wooded
Lot Dimensions:217800
Roof:Metal
Others:
  • ▪ Additional:Gravel Driveway
Principal Interest
$1,282
Taxes
$39

Home Price

$234,900

Loan Details

30 yrs
7.25%

Down Payment

20%
$46,980
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,281.95

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,281.95 $39.33 $0.00 $1,321.28
Yearly $15,383.35 $472.00 $0.00 $15,855.35
Total $461,500.44 $14,160.00 $0.00 $475,660.44

Today's Rates

30 Year

7.25%

20 Year

6.59%

15 Year

6.75%

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Market insight data is pulled from the same city as the listing being viewed (Mulberry, AR).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Fort Smith Board of Realtors and is deemed reliable but not guaranteed accurate.

Data last updated: 2026-10-20T07:00:33.000Z

© 2026 Fort Smith Board of Realtors