2ND Price Drop. For sale is 136 +/- acres of Mound Lake Estates located in Lonoke County at Scott, Arkansas. This is a very well developed subdivision and individual lots or the whole remaining development can be purchased. There are a total of 38 developed lots remaining and 106 +/- acres of undeveloped property. Although the 106 +/- acres is not fully developed, there has been a man-made lake constructed and utilities on site, but roads have not been constructed. At current list price, there is a great deal of profit remaining in this development even after accounting for remaining expenses. Agent holds specific numbers regarding profits as provided by the seller based on inputs of the existing development. For more details contact at.