Crystal Lake Estates is a rare private airport and estate property located at 1051 Peterson Farm Rd in Decatur, Arkansas, within the rapidly growing Northwest Arkansas region. This one-of-a-kind offering combines an operational private airstrip with aviation infrastructure, multiple residences, a beautiful lake, and expansive rolling timbered land, creating a uniquely versatile ownership opportunity.

At the heart of the property is a privately owned airport, featuring a paved runway, existing hangar facilities, and a fuel farm that has been installed and fully plumbed, positioned for activation with the addition of payment processing hardware and software. The airfield portion of the property is level and improved, designed to support aviation operations, while the surrounding acreage provides natural separation, privacy, and long-term flexibility. Private airport properties with existing infrastructure are increasingly difficult to replicate, making this a particularly distinctive asset.

In addition to the aviation and land components, Crystal Lake Estates includes homes with historic and functional significance. The owner’s home is the original residence of Lloyd Peterson, founder of Peterson Farms, and remains largely untouched since the time of the original owner, offering a rare opportunity to preserve a meaningful piece of regional agricultural history. This home adds authenticity and legacy value that cannot be recreated.

The lakehouse introduces a flexible-use element to the property and lends itself to several potential paths, including short-term rental use, conversion to a lakeside restaurant or gathering space, or housing for a land tender or caretaker responsible for maintaining the grounds, subject to approvals. Its lakeside setting enhances both lifestyle appeal and potential operational utility within the estate.

The balance of the land consists of rolling hills and mature timber, offering both scenic beauty and practical value. This portion of the property enhances privacy, buffers aviation activity, and supports future optionality for compatible uses, subject to approvals. The presence of a Crystal Lake further elevates the property, providing recreational opportunities and reinforcing the estate-like setting.

Crystal Lake Estates is well positioned within Northwest Arkansas, offering convenient access to Bentonville, Rogers, Fayetteville, and the broader regional economy while maintaining a sense of seclusion and control. The region’s continued population growth, corporate presence, and infrastructure investment have increased demand for specialty real estate assets, including private aviation facilities and large acreage estates.

Designed for owner-operator pilots, aviation-focused investors, and buyers seeking a legacy estate, Crystal Lake Estates represents an uncommon opportunity to acquire a property that blends immediate functionality with long-term value. Discover the private airport, historic residence, land, and lakeside elements that shape Crystal Lake Estates. Private tours are available by appointment.