1051 Peterson Avenue, Decatur, AR 72722 | MLS #1311128 | ReeceNichols Real Estate

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Listing provided courtesy of Better Homes and Gardens Real Estate Journey Bento- MLS# 1311128MLS ProviderContact Information: 479-319-3737

1051 Peterson AvenueDecatur, AR 72722

Single Family · 11 Beds · 7 Full Baths · 3 Half Baths · 28,042 Sq. ft. | 231.00 Acres
$6,900,000 Active

1051 Peterson Avenue Overview

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Seize the opportunity to own a one-of-a-kind property in Arkansas, where business meets nature and lifestyle meets luxury. Peterson Farms property is for sale. This expansive 230-acre property offers unparalleled potential with a private airport featuring a 3/4-mile-long paved runway, five fuel tanks, and 18000 sq ft of hangar storage. Perfect for aviation enthusiasts, business owners, or developers, the property’s prime location provides direct access to two major highways, ensuring convenience for transportation and logistics. Additionally this unique estate offers stunning lakefront views, creating an idyllic setting for both business and recreational use. Whether you're looking to expand your aviation business, build a custom retreat, develop a mixed-use commercial venture, or develop an air-park residential community this versatile property offers endless possibilities. Three existing homes on the property offer a base level of what could be the most desirable neighborhood in NWA. Also MLS #1297091

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1051 Peterson Avenue Facts & Features

  • Type Single Family
  • Sq. ft. 28,042
  • Price/Sq.ft. $246
  • Lot 231.00 Acres

Details

General

Association/HOA

  • Association Fee 2 Frequency: Monthly

School Information

  • School District: Decatur

Building Information

  • New Construction: false
  • Year Built Details: 25 Years or older

Location/Region

  • County Or Parish: Benton
  • Postal City: Decatur
  • Subdivision Name: NA

Community/Development

  • Community Features: Lake

Tax Information

  • Tax Annual Amount: 23446.0

General Information

  • Disclosures: Sellers Disclosure Not Available
  • Parcel Number: 08-00082-516
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Special Listing Conditions: None

Interior

Parking Information

  • Garage: true

Beds/Baths

  • Bathrooms Full: 7
  • Bathrooms Half: 3
  • Bathrooms Total: 10
  • Bedrooms Total: 11

Building Interior

  • Building Area Source: Owner
  • Building Area Total: 28042.0

General Information

  • Appliances: Built-In Range,Built-In Oven,Counter Top,Double Oven,Dishwasher,Electric Cooktop,Disposal,Gas Water Heater,Microwave,Refrigerator,Range Hood
  • Fireplace Features: Family Room
  • Fireplace: true
  • Fireplaces Total: 3
  • Flooring: Carpet,Concrete,Marble,Wood
  • Foundation Details: Crawlspace,Slab
  • Interior Features: Attic,Wet Bar,Built-in Features,Ceiling Fan(s),Cathedral Ceiling(s),Eat-in Kitchen,Granite Counters,Intercom,Pantry,Programmable Thermostat,Split Bedrooms,Storage,Shutters,Skylights,Walk-In Closet(s),Wood Burning Stove,Window Treatments
  • Laundry Features: Washer Hookup,Dryer Hookup
  • Levels: Two
  • Living Area: 28042.0
  • Living Area Source: Owner
  • Other Equipment: Intercom
  • Rooms Total: 0
  • Security Features: Security System,Fire Alarm,Smoke Detector(s)
  • Stories: 2
  • Window Features: Blinds,Drapes,Plantation Shutters,Skylight(s)

Exterior

Parking Information

  • Parking Features: Garage,Asphalt,Garage Door Opener,RV Access/Parking

Lot Information

  • Lot Features: Not In Subdivision,None
  • Lot Size Acres: 231.0
  • Lot Size Area: 231.0
  • Lot Size Units: Acres
  • Water Source: Public

Waterfront/View

  • Water Body Name: Crystal Lake
  • Waterfront Features: Lake Front
  • Waterfront: true

Building Exterior/Construction

  • Construction Materials: Cedar,Metal Siding,Rock
  • Patio And Porch Features: Deck,Patio
  • Roof: Architectural,Shingle
  • Structure Type: House

General Information

  • Covered Spaces: 8.0
  • Fencing: Fenced,Wire
  • Other Structures: Barn(s),Pole Barn
  • Road Frontage Type: Private Road
  • Sewer: Septic Tank
  • Utilities: Cable Available,Electricity Available,Natural Gas Available,Septic Available,Water Available

1051 Peterson Avenue Neighborhood

Community

72722 (Decatur) Demographics

34
Median Age
65
Population Density (per sq. mile)
24%
College Educated
$52,500
Estimated Median Income
662
Estimated Total Home Owners
326
Estimated Total Renters
67% / 33%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1051 Peterson Avenue Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1051 Peterson Avenue Market Data

Based on the last 30 days in this zip code

$1,369,604
Average List Price
$349
Average Price per Square Foot
0
Properties Sold
149
Average Days on Market
21
Properties for Sale
Calculations provided by Reliance Network

1051 Peterson Avenue History

Date Event Value Agent
1/2/2026Source: Northwest Arkansas MLS Status Change
Active
1/2/2026Source: Northwest Arkansas MLS Status Change
Active
6/11/2025Source: Northwest Arkansas MLS Status Change
Pending
6/11/2025Source: Northwest Arkansas MLS Added to Database
June 11, 2025
1/28/2025Source: Northwest Arkansas MLS Added to Database
January 28, 2025