Welcome to Waters Edge Cove on Lake Hamilton! A rare opportunity to own a fully updated 5-Bedroom, 3��-Bath lakefront home with an transferable active short-term rental (STR) license and private covered boat dock - offering an exceptional combination of Lake Hamilton lifestyle, recreational enjoyment, and rental income potential. Tucked away on a quiet cul-de-sac in one of Hot Springs' desirable lakefront communities, this turnkey residence has been thoughtfully renovated and is ready for immediate enjoyment as a primary residence, second home, vacation retreat, or continued use as a short-term rental. The home offers approximately 3, 416± square feet with a spacious layout designed for comfortable lake living and accommodating family and larger groups. A FEMA Letter of Map Adjustment (LOMA) has been issued for the property, confirming the property is outside the Special Flood Hazard Area, eliminating federally required flood insurance and providing additional financial benefit and peace of mind for waterfront buyers. Recent improvements include new flooring, fresh interior and exterior paint, updated interior and exterior lighting, granite countertops throughout the kitchen and bathrooms, new kitchen appliances, and updated bathrooms with glass-enclosed showers. The result is a clean, modern presentation without the need for a major renovation project. What truly sets this property apart is its rare combination of a transferable active STR license and private covered boat dock - two highly desirable features for buyers seeking both a Lake Hamilton lifestyle and a turnkey rental opportunity. The five-bedroom layout, multiple living areas, generous gathering spaces, and expansive lake-facing areas provide exceptional flexibility for personal use, guests, or continued short-term rental operation. The property has a documented history of successful short-term rental use, with historical rental performance information available to qualified buyers. Combined with the active STR license, this provides a valuable foundation for buyers interested in continuing the property's rental potential or creating their own rental strategy. Outside, enjoy approximately 92 feet of Lake Hamilton shoreline with direct water access, creating the ideal setting for boating, swimming, entertaining, and year-round lake living. Adding to the property's privacy and appeal, it borders a private park owned exclusively by the Waters Edge homeowners, providing exclusive expanse of protected green space offering privacy, tranquility, and a rare natural backdrop on Lake Hamilton. Additional features include an oversized two-car garage, ample parking, and spacious living and entertaining areas designed for both relaxed lake living and memorable gatherings. Ideally located in Hot Springs, the property offers a rare combination of privacy and convenience, just minutes from exceptional dining, shopping, outdoor recreation, and the area’s renowned attractions - putting everything Hot Springs has to offer within easy reach. Whether you're looking for a turnkey lakefront residence, second home, vacation retreat, or short-term rental opportunity, this property offers an uncommon combination of renovation, waterfront, covered dock, active STR licensing, privacy, and recreational access - all in one of Hot Springs' most sought-after lakefront settings.