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1051 Peterson Avenue, 
Decatur, AR 72722

$6,900,000

11

Beds

10

Baths

28,042

Sq Ft

Single Family

Virtual Tour

Active

Listed by

Brande Weidler

Better Homes And Gardens Real Estate Journey Bento

479-319-3737

Last updated:

March 9, 2026, 02:27 PM

MLS#

1311128

Source:

AR NWAR

About This Home

1051 Peterson Avenue

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

Home Facts

Single Family

10 Baths

11 Bedrooms

Price Summary

6,900,000

$246 per Sq. Ft.

MLS #:

1311128

Last Updated:

March 9, 2026, 02:27 PM

Added:

9 month(s) ago

Rooms & Interior

Bedrooms

Total Bedrooms:

11

Bathrooms

Total Bathrooms:

10

Full Bathrooms:

7

Interior

Living Area:

28,042 Sq. Ft.

Structure

Structure

Building Area:

28,042 Sq. Ft.

Lot

Lot Size (Sq. Ft):

10,062,360

Finances & Disclosures

Finances

Price:

$6,900,000

Price per Sq. Ft:

$246 per Sq. Ft.

Source:AR NWAR
The information being provided by Northwest Arkansas Board Of REALTORS® Mls is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 Northwest Arkansas Board Of REALTORS® Mls All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.