Story is an unincorporated community in Montgomery County, Arkansas, United States. Pencil Bluff is located at the junction of Arkansas Highway 27 and Arkansas Highway 298 11.5 miles (18.5 km) northeast of Mount Ida. Story has a post office with ZIP code 71970.
The 37.8-mile long Womble Trail connects to the Ouachita National Recreation Trail north of the community.  
Public education for elementary and secondary school students is provided by the Mount Ida School District, which leads to graduation from Mount Ida High School.