Welcome to Waters Edge Cove! Fully updated 5Bd, 3½Ba lakefront home with active Short-term Rental license and covered dock offering a rare combination of turnkey living, recreation, and rental potential. Quiet cul-de-sac location in a desirable Hot Springs lakefront community, the home offers approx. 3,416±sf with multiple living areas ideal for family, guests, or STR use. Updates include new flooring, interior/exterior paint and lighting, granite countertops, new kitchen appliances, and updated bathrooms with glass showers. FEMA LOMA confirms the property is outside the Special Flood Hazard Area eliminating federal mandatory flood-insurance requirement - an added financial benefit. Key features include a transferable STR license, covered dock, 92 feet of shoreline with direct water access, FEMA LOMA and a private homeowners’ park bordering the property—an exclusive green space providing privacy and tranquility. Additional features include an oversized 2-car garage and ample parking. Ideal as a primary residence, second home, vacation retreat, or turnkey STR, this property offers the Lake Hamilton lifestyle just minutes from Hot Springs dining, shopping, recreation and attractions.