1051 Peterson Ave Decatur, AR 72722
Estimated payment $38,789/month
Highlights
- Lake Front
- 231 Acre Lot
- Deck
- RV Access or Parking
- Community Lake
- Wood Burning Stove
About This Home
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
Listing Agent
Better Homes and Gardens Real Estate Journey Bento Brokerage Phone: 479-319-3737 License #EB00083125 Listed on: 06/09/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $23,446
Lot Details
- 231 Acre Lot
- Lake Front
- Property fronts a private road
- Wire Fence
Home Design
- Slab Foundation
- Shingle Roof
- Architectural Shingle Roof
- Metal Siding
- Cedar
- Stone
Interior Spaces
- 28,042 Sq Ft Home
- 2-Story Property
- Wet Bar
- Built-In Features
- Cathedral Ceiling
- Ceiling Fan
- Skylights
- Wood Burning Stove
- Plantation Shutters
- Blinds
- Drapes & Rods
- Family Room with Fireplace
- 3 Fireplaces
- Storage
- Washer and Dryer Hookup
- Lake Views
- Crawl Space
- Attic
Kitchen
- Eat-In Kitchen
- Built-In Double Oven
- Built-In Range
- Range Hood
- Microwave
- Dishwasher
- Granite Countertops
- Disposal
Flooring
- Wood
- Carpet
- Concrete
- Marble
Bedrooms and Bathrooms
- 11 Bedrooms
- Split Bedroom Floorplan
- Walk-In Closet
Home Security
- Home Security System
- Intercom
- Fire and Smoke Detector
Parking
- 8 Car Garage
- Garage Door Opener
- RV Access or Parking
Outdoor Features
- Deck
- Patio
- Pole Barn
Utilities
- Central Heating and Cooling System
- Heating System Uses Gas
- Programmable Thermostat
- Gas Water Heater
- Septic Tank
- Cable TV Available
Community Details
- Community Lake
Listing and Financial Details
- Legal Lot and Block / / /
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $11,045 | $206,489 | $23,249 | $183,240 |
| 2024 | $10,737 | $206,489 | $23,249 | $183,240 |
| 2023 | $10,250 | $197,120 | $17,840 | $179,280 |
| 2022 | $10,787 | $197,120 | $17,840 | $179,280 |
| 2021 | $10,760 | $197,120 | $17,840 | $179,280 |
| 2020 | $10,056 | $184,170 | $6,660 | $177,510 |
| 2019 | $10,056 | $184,170 | $6,660 | $177,510 |
| 2018 | $9,577 | $184,170 | $6,660 | $177,510 |
| 2017 | $9,577 | $184,170 | $6,660 | $177,510 |
| 2016 | $9,577 | $184,170 | $6,660 | $177,510 |
| 2015 | $9,449 | $181,720 | $15,350 | $166,370 |
| 2014 | $9,449 | $181,720 | $15,350 | $166,370 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/02/2026 01/02/26 | For Sale | $6,900,000 | 0.0% | $246 / Sq Ft |
| 06/11/2025 06/11/25 | Pending | -- | -- | -- |
| 06/09/2025 06/09/25 | For Sale | $6,900,000 | -- | $246 / Sq Ft |
Source: Northwest Arkansas Board of REALTORS®
MLS Number: 1311128
APN: 08-00082-516
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Ask me questions while you tour the home.