According to legend, the remains of Spanish explorer Hernando de Soto might be buried under Lake Chicot.

His expedition visited Guachoya, a native village along the edge of the lake, which is recorded as the site of his death (list of sites and peoples visited by the Hernando de Soto Expedition).

McGehee Infirmary, New Hope Missionary Baptist Church Cemetery (Historic Section), and the John Tushek Building.

In addition, the Lake Village Commercial Historic District is listed, as is the nearby Lakeport Plantation.

According to the United States Census Bureau, Lake Village has a total area of 2.5 square miles (6.4 km2), all land.

[4] The city is located in the southernmost section of the Delta Lowlands of Arkansas and boasts beautiful scenic vistas of the Mississippi River.

As of the 2020 United States Census, there were 2,065 people, 960 households, and 552 families residing in the city.

It is the only tourist center in the state to be completely heated and cooled by solar energy.

There has been no indication of whether plans for widening the highway further south to the Greenville Bridge over the Mississippi are still viable, or when construction might begin.