The Town of Fountain Lake is located between Hot Springs and Hot Springs Village, Arkansas on Highway 5.

The community is named for a former estate on the southern edge of the area. The location is directly off of Highway 7N, across from Fountain Lake Center and can be identified by a large stucco entrance gate and a long tree-lined drive. The property contains remnants of a large home, barn, and other out-buildings. A small lake with an ornamental fountain are intact. The property is privately owned.