​Our Lots and Vision

(Lakeview Lots For Sale At Greers Ferry Lake in Heber Springs)

(Bean Point Vacation Rental lakeview lots for sale at Greers Ferry Lake)

​Let's Talk Dollars

​Our Deed Restrictions

Bean Point Estates



 WHEREAS, John Waldrup and Susan Waldrup (the “Developers”) are the owners of the real property described on Exhibit “A” attached hereto, a survey of which has been filed in the office of the Recorder of Cleburne County, Arkansas, and referred to as the Bean Point Estates (the “Survey”); and,

         WHEREAS, Developers desire to provide for the use of property for residential uses and to restrict its uses as such;

        NOW THEREFORE, Owners hereby adopt the covenants stated herein and agree that the stated covenants shall apply to all of the property, less and except the roadway shown on said survey, as covenants running with the land:


     These covenants shall apply in their entirety to the real property described on Exhibit “A”, less and except the roadway area shown on the survey of said property, which survey has been filed in the office of the Recorder of Cleburne County, Arkansas, and referred to as Bean Point Estates.


     No property shall be used for any other purpose than residential purposes. No building shall be erected, altered, placed or permitted to remain on the property other than one detached single family dwelling not to exceed three stories. No business or commercial use shall be carried on or permitted in any structure or in any portion of the property in keeping with the general plan to develop this property for residential occupancy. Leasing or renting a house for residential use shall not be considered commercial use. Owner shall require renter to abide by the requirements of this covenant. One barn and/or shop may be built and maintained within the building area. All metal used on the exterior of any structure shall have a baked-on painted finish. There will be no construction of residences having less than 1500 square feet of heated and livable floor space, measured by the outside wall dimensions.        All dwellings placed upon the premises shall be constructed on site and shall be of high class workmanship and quality materials.


     Size, design, location and site development of dwellings and permitted accessory buildings shall be subject to the prior approval of an Architectural Control Committee hereinafter designated. No residence, permitted accessory building, fence, wall or other structure shall be constructed, created or maintained upon the property, nor shall any modification, alteration or change be made in the exterior of any existing residence or permitted accessory building until the  construction, grading,  drainage, landscape plans, and specifications showing the nature, size, shape, dimensions, materials and location of the same shall have been submitted to and approved, in writing, by the Architectural Control Committee, or said Committee has waived its right in the manner hereinafter provided. The Committee shall have the authority to promulgate rules and regulations relating to the construction and appearance of the structures.


     There shall be an Architectural Control Committee which shall consist of a maximum of three (3) property owners elected on an annual basis by a majority of property owners, with each tract or lot, as described in paragraph seven (7), being entitled to one (1) vote. There are eleven lots in this subdivision. A committee member must have six votes to be elected to the architectural control committee. In the event of the death, resignation or disqualification of a member of the Architectural Control Committee, the remaining members shall designate a replacement. Any property owner seeking to obtain the required approval of any plans for construction, modification, alteration or improvements on their property shall submit the same in two (2) copies to any member of the Architectural Control Committee along with the owner’s mailing address. A written receipt from any member of the Architectural Control Committee shall be sufficient evidence of the delivery of such plans and the date thereof. If within thirty (30) days from the date of delivery of such plans to a member of the Architectural Control Committee, the Committee has not stated to the owner deficiencies in the proposal for such construction or alteration or improvements, the owner may proceed with such construction or alterations as though affirmative approval had been received from the Architectural Control Committee. Notice shall be given to the owner at the address provided by the owner, or as otherwise indicated by the owner in writing to the Architectural Control Committee by certified mail with return receipt requested. If deficiencies are noted and called to the owner’s attention in the proposed plans with the thirty (30) day period following delivery thereof to a member of the Architectural Control Committee by the owner, the owner shall not proceed with any such construction or alteration until such deficiencies have been corrected to the satisfaction of the Committee. The Committee shall have full power to enforce the provisions and restrictions herein by an action for an injunction as fully as though they were the owners of the property. Approval of plans for construction of principal residences, permitted accessory buildings and any other permanent structures shall not be unreasonably withheld by the Committee based upon the style of design of the exterior of such proposed principal residences as long as the same are designed in keeping with the overall plan and design scheme of the Developers of the subdivision.


     No noxious or offensive activity and no commercial activities of any kind shall be carried on upon any property nor shall anything be done thereon which may be or become an annoyance or nuisance to the neighborhood.
     No manufactured housing, trailer, mobile home, tent or shack shall be placed upon the property, temporarily or permanently, excepting only for temporary use by construction contractors. Tents used for recreational purposes may be place upon the property for not more than four (4) consecutive days during any thirty (30) day period.
     No signs, billboards, posters or advertising devices shall be permitted upon any of the property except that the owner of each property may place house numbers and the owner’s name upon his or her mail box or dwelling; however, each letter thereof shall be no more than six inches (6”) in height and six inches (6”) in width; and owners may place a sign not more than four (4) square feet in size advertising the property for sale should it be offered for sale by the owners.
     No animals, livestock or poultry of any kind shall be raised, bred or kept on the property. Dogs, cats or other household pets may be kept provided that they are not kept, bred or maintained for commercial purposes.

     No more than three (3) household pets, including dogs and cats, may be kept at any one time.
     No trash, ashes or other refuse may be thrown or dumped on any of the property.
     No building material of any kind or character shall be placed or stored upon any property until the owner is ready to commence construction of the improvements requiring such materials. Building materials shall not be placed or stored in the street or between the curb and property lines.
     No septic tank field or disposal plant shall be installed or maintained on any property without the prior approval of the Arkansas Health Department.
     Grass, weeds and vegetation shall be kept mowed and cleared at regular intervals on the property by the owner thereof so as to maintain the same in a neat and attractive manner. No debris shall be allowed to accumulate. The owner of the property shall promptly remove any dead trees, shrubs, vines or plants which are located within one hundred feet (100’) of the roadway.


      No building shall be located on any property nearer than thirty feet (30’) to the front property line. Side yards shall be maintained between the side property lines and the building line of not less than ten feet (10’), provided, however, that eaves and cornices of permitted structures may overhang the required side yards no closer than eight feet (8’) to the side property line. Porches, steps, chimneys, window boxes and other portions of a permitted structure shall not project beyond the minimum setback line, but, except as herein limited, eaves and cornices may overhang the building setback lines.            No building or permitted accessory building will be permitted or constructed nearer than ten feet (10’) to the rear property line. Swimming pools shall be considered to be a “building” or “permitted accessory building” with the meaning of this section. Eaves and cornices of permitted structures may overhang the rear yard setback no more than three feet (3’).


     A “tract” or “lot” as that word is used herein shall consist of each tract, or lot, as shown on the Survey and each tract shall constitute a single building site. No tract, or lot, shown on the survey may be subdivided without the consent of seventy five percent (75%) of the property owners in the subdivision.


      Any fences erected on the front portion of the property shall be set back a minimum of ten feet (10’) from the front property right-of-way line. Any animal pens shall be maintained in the rear yard portion and not beyond a line extended across the rear foundation line of the principal dwelling.


      The term “principal dwelling”, “residence” or “principal residence” as used in these restrictive covenants shall refer to a residence meeting the requirements hereof.


      No recorded easement shall be used by any company or person, other than the owner of the property upon which the easement is located, for any purpose other than those designated herein or on the survey.


      All persons or corporations who now own or shall hereafter acquire any portion of the property shall be deemed to have agreed and covenanted with the owners of all other property described on Exhibit “A” and with its or their heirs, successors and assigns to conform to and observe the restrictions, covenants and stipulations contained herein for a period of twenty-five (25) years from the date these covenants are recorded and shall thereafter be automatically extended for successive periods of five (5) years unless prior to the end of the original term or any successive term of the application hereof a majority of the then owners of the property agree to the amendment or removal of these covenants in whole or in part. These covenants may be amended at any time by the owners of not less than seventy-five percent (75%) of the property. Notwithstanding this provision, the Developers shall have the right to amend these covenants at any time within the first three (3) years after the initial filing in the office of the Cleburne County Clerk, Cleburne County, Arkansas. No changes in these covenants in the manner herein set forth shall be valid until the same has been filed in the office of the Recorder of Cleburne County, Arkansas, duly executed and acknowledged by the Developer or the requisite number of owners.


      The covenants, agreements and restrictions herein set forth shall run with the title to the real property or any portion thereof and shall bind the present owners, their heirs, successors and assigns, future owners and their heirs, successors and assigns; all parties claiming by, through or under them shall be taken to hold, agree and covenant with the owners of the remaining properties and their heirs, successors and assigns, and with Owners, as to the covenants and agreements therein set forth and contained. None shall be personally binding on any person, persons, or corporations except with respect to breaches committed during its, his or their holding or title to the property. Any owner or owners of property or Owners shall have the right to sue for and obtain an injunction, prohibitive or mandatory, to prevent the breach of or to enforce the observance of any of the covenants, agreements or restrictions contained herein together with any other rights to which they might otherwise be entitled under the laws of the state of Arkansas. The invalidation of any one of these covenants, restrictions or agreements herein contained by the order of a court of competent jurisdiction shall in no way affect any of the other provisions hereof which will remain in full force and effect.


Lot  1 ----------------------------------------------------------------------------------------------  $ 185,000.00

        (This lot has our vacation rental on it, It has a seasonal view of the lake.)

​Lot  2 ----------------------------------------------------------------------------------------------- $  22,000.00

        (nice lot, borders on two roads, ideal basement lot)

Lot  3 ----------------------------------------------------------------------------------------------- $  35,000.00

        (good basement lot, seasonal view of lake, large lot)

Lot  4 ----------------------------------------------------------------------------------------------  $   27,500.00

       (with the right house plan could see lake year round, good lot)

Lot  5 ----------------------------------------------------------------------------------------------- $   27,500.00

       (possibility of year round lake view, several options for house location)

Lot  6 ----------------------------------------------------------------------------------------------- $   27,500.00

       (easiest lot to build on)

Lot  7 ----------------------------------------------------------------------------------------------- $  22,000.00

​       (another easy lot to build on, building on the inside of a curve is a plus)

Lot  8 ----------------------------------------------------------------------------------------------  $  25,000.00

       (access from two roads, large lot)

Lot  9 ----------------------------------------------------------------------------------------------- $  55,000.00

       (the largest lot, great basement site, year round lake view, view of bluffs )

Lot 10 ----------------------------------------------------------------------------------------------  $  55,000.00

       (best view, great basement lot, pretty view across ravine of bluffs, great

        wet weather "waterfall" down ravine)

Lot 11 ----------------------------------------------------------------------------------------------  $  55,000.00

       (2nd largest lot, year round view of lake in front yard and another year

        round view across top of ravine, most options for house site of any of

        the lots)


Our vision for Bean Point is more than just a vacation rental. We offer .......

  • a vacation rental you can rent once or more during each year,                          [See "Our Rental Home"  page.]
  • a vacation rental you can purchase for your own second home,                          [Our rental home is for sale. We plan to build another one soon.]
  • a home you can own and rent as a vacation rental,                                            [Renting your second home as a vacation rental can make your mortgage  payment, maybe more.]
  • rental management and cleaning services,                                                                 [If you buy or build a house at Bean Point to use as a vacation rental and need someone local to manage and clean it, we can help you with that.]
  • lawn maintainence for your home or lot,                                                          [we will be mowing our lots at Bean Point and can keep yours mowed as well or the lawn of your vacation home trimmed at a very reasonable rate.]
  • restricted lots for sale as an investment or for a second home,                          [Our deed restrictions are designed to allow your property (and ours) to retain   its value. If you're not ready to build yet, purchasing a lot now may be a good     hedge against inflation of your dollar until you're ready to build.]
  • help with house designs,                                                                                [I am an "almost retired" building contractor. We built custom homes for over     30 years in this area. The house plans on most of those homes were either       drawn or "tweaked" by me. I will be glad to help you with your plans. There is     no charge if we build your home.]
  • building your vacation home,                                                                          [As stated above, I have been in the building trade all of my adult life (and prior to that as well; my dad was a builder also).]
  • a neighborhood that will hold its value,                                                            [It is our intentions, as evidenced by our deed restrictions and what you will       see at Bean Point, to have a unique little "settlement". Eleven lots/homes that     are well maintained, neat, though rustic in style, but different than what you       ordinarily associate with the word "subdivision".]
  • hospitality that looks after your interest when you're away.                                [Bean Point may be a second home for you. Your home at the lake. But we live     here. We will be "in-and-out" almost daily working. The people who live here     are good about keeping an eye out for one another. It just benefits us all.]