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
For sale
$6,900,000
1051 Peterson Ave, Decatur, AR 72722
11beds
28,042sqft
Est.:
Single Family Residence
Built in ----
231 Acres Lot
$-- Zestimate®
$246/sqft
$-- HOA
What's special
Stunning lakefront viewsFive fuel tanks
- 221 days |
- 1,342 |
- 48 |
Zillow last checked: 8 hours ago
Listing updated: January 12, 2026 at 08:06am
Listed by:
Brande Weidler bprealtynwa@gmail.com,
Better Homes and Gardens Real Estate Journey Bento 479-319-3737
Source: ArkansasOne MLS,MLS#: 1311128
Originating MLS: Northwest Arkansas Board of REALTORS MLS
Originating MLS: Northwest Arkansas Board of REALTORS MLSTour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 11
- Bathrooms: 10
- Full bathrooms: 7
- 1/2 bathrooms: 3
Heating
- Central, Gas
Cooling
- Central Air, Electric
Appliances
- Included: Built-In Range, Built-In Oven, Counter Top, Double Oven, Dishwasher, Electric Cooktop, Disposal, Gas Water Heater, Microwave, Refrigerator, Range Hood
- Laundry: Washer Hookup, Dryer Hookup
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
- Flooring: Carpet, Concrete, Marble, Wood
- Windows: Blinds, Drapes, Plantation Shutters, Skylight(s)
- Basement: Crawl Space
- Number of fireplaces: 3
- Fireplace features: Family Room
Interior area
- Total structure area: 28,042
- Total interior livable area: 28,042 sqft
Video & virtual tour
Property
Parking
- Total spaces: 8
- Parking features: Garage, Asphalt, Garage Door Opener, RV Access/Parking
- Has garage: Yes
- Covered spaces: 8
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck, Patio
- Fencing: Fenced,Wire
- Has view: Yes
- View description: Lake
- Has water view: Yes
- Water view: Lake
- Waterfront features: Lake Front
- Body of water: Crystal Lake
Lot
- Size: 231 Acres
- Features: Not In Subdivision, None
Details
- Additional structures: Barn(s), Pole Barn
- Parcel number: 0800082516
- Special conditions: None
- Other equipment: Intercom
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Cedar, Metal Siding, Rock
- Foundation: Crawlspace, Slab
- Roof: Architectural,Shingle
Condition
- New construction: No
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Natural Gas Available, Septic Available, Water Available
Community & HOA
Community
- Features: Lake
- Security: Security System, Fire Alarm, Smoke Detector(s)
- Subdivision: Na
Location
- Region: Decatur
Financial & listing details
- Price per square foot: $246/sqft
- Annual tax amount: $23,446
- Date on market: 6/9/2025
- Cumulative days on market: 13 days
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 1/2/2026 | Listed for sale | $6,900,000$246/sqft |
Source:  ArkansasOne MLS #1311128 Report a problem | ||
| 9/30/2024 | Listing removed | $6,900,000$246/sqft |
Source: ArkansasOne MLS #1286620 Report a problem | ||
| 9/13/2024 | Listed for sale | $6,900,000$246/sqft |
Source: ArkansasOne MLS #1286620 Report a problem | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$32,448/mo
Principal & interest
$26756
Property taxes
$3277
Home insurance
$2415
Climate risks
Neighborhood: 72722
Nearby schools
GreatSchools rating
- 4/10Decatur Middle SchoolGrades: 5-8Distance: 0.6 mi
- 5/10Decatur High SchoolGrades: 9-12Distance: 0.6 mi
- 6/10Decatur Northside Elementary SchoolGrades: PK-4Distance: 1.5 mi
Schools provided by the listing agent
- District: Decatur
Source: ArkansasOne MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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