Charles T Holyfield

1051 Peterson Avenue

Decatur, AR
$ 6,900,000 Beds 11 Baths 8.5 Sq 28,042 Virtual Tour
Monthly Estimate* How much can I afford?

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

Active

  • Price
  • $ 6,900,000
  • City
  • Decatur
  • Bedrooms
  • 11
  • Full Bathrooms
  • 7
  • County
  • Benton
  • Half Bathrooms
  • 3
  • Area
  • Lot Size
  • 231 Acres
  • Zip
  • 72722
  • Sqr Footage
  • 28,042
  • Taxes
  • $ 23446
  • Style
  • MLS#
  • 1311128
Listed By: Better Homes and Gardens Real Estate Journey Bento
Data Source: Northwest Arkansas BOR (NABOR)

Features

General

Sewer Septic Tank
Heating Central,Gas
Cooling Central Air,Electric
Utilities Cable Available,Electricity Available,Natural Gas Available,Septic Available,Water Available
Roof Architectural,Shingle
Appliances Built-In Range,Built-In Oven,Counter Top,Double Oven,Dishwasher,Electric Cooktop,Disposal,Gas Water Heater,Microwave,Refrigerator,Range Hood
Patio/Porch Features Deck,Patio
Security Features Security System,Fire Alarm,Smoke Detector(s)
Construction Materials Cedar,Metal Siding,Rock
View Lake
Stories Count 2
Levels Two
Property Subtype Single Family Residence
Waterfront Features Lake Front
Community Features Lake
County Benton
New Construction false
Property Type Residential
Subdivision Name NA
Garage Y/N true
Other Structures Barn(s),Pole Barn
Full Baths 7
Status Active
Directions Hwy 102 west to Decatur - turn right on Hwy 59 - turn right on Crystal Lake Rd
City Decatur
Body of Water Crystal Lake
Disclosures Sellers Disclosure Not Available
High School District Decatur
Lot Size Units Acres
Year Built Details 25 Years or older
Tax Annual Amount 23446
Virtual Tour https://tour.nwarealtors.org/1051-Peterson-Avenue-Decatur-AR-72722--1311128/unbranded
Structure Type House
Standard Status Active
Middle/Junior School District Decatur
Elementary School District Decatur
Property Sub Type Additional Single Family Residence
PostalCity Decatur
Legal Description TRACTS 1 AND 2:

Interior Features

Interior Amenities 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
Basement Crawl Space
Flooring Carpet,Concrete,Marble,Wood
Total Fireplaces 3
Fireplace Features Family Room
Basement (Y/N) false
Air Conditioning Y/N true
Heating Y/N true
Window Features Blinds,Drapes,Plantation Shutters,Skylight(s)
Fireplace Y/N true
Half Baths 3
Laundry Features Washer Hookup,Dryer Hookup
Total Bedrooms 11
LivingAreaSource Owner
Total Baths 10

Exterior Features

Fencing Fenced,Wire
Parking Features Garage,Asphalt,Garage Door Opener,RV Access/Parking
Lot Features Not In Subdivision,None
Water Source Public
Lot Size Area 231
Foundation Details Crawlspace,Slab
Building Area Total 28042
Lot Size Acres 231
Waterfront Y/N true
Covered Spaces 8
Road Frontage Type Private Road
Other Equipment Intercom

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Bentonville, AR office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

9/12/2025 Listed $6,900,000

Property vs Zip Code Average in 72722

Price
AVG $1.13M
$6.9M
Taxes
AVG $3,718
$23,446

In The Neighborhood

Areas That We Cover

1051 Peterson Avenue Decatur, AR is a Single Family Home for sale at $6900000 with 28042 sqft and a lot size of 231 Acres Acre(s). 1051 Peterson Avenue Decatur has 11 bedrooms, 7 baths . The property's zip code is 72722 which is in Decatur, AR

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Charles T Holyfield

Charles T Holyfield

REALTOR®

479-306-6139

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