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OVERVIEW
OVERVIEW
The private airport at Crystal Lake Estates, located at 1051 Peterson Farm Rd in Decatur, Arkansas, represents a rare opportunity to acquire an aviation-focused property within the growing Northwest Arkansas region. Purpose-built for private use, the airport combines existing infrastructure with surrounding acreage that supports privacy, control, and long-term flexibility.
Private airports with established runways, hangar facilities, and on-site fuel infrastructure are increasingly difficult to develop due to land constraints, regulatory considerations, and cost. As a result, properties like Crystal Lake Estates are considered specialty aviation assets with enduring value.
AT A GLANCE
AT A GLANCE
At the center of the property is a paved private runway, serving as the foundation for aviation operations. The airfield portion of the property is level and improved, while the surrounding land transitions into rolling, timbered terrain, providing natural buffering and separation from other areas of the estate.
The airport includes existing hangar facilities, offering immediate aircraft storage and operational utility. Hangar space on private airfields is highly sought after and enhances both usability and long-term value.
SPEC DESCRIPTION DETAILS
FAA Identifier 5M5
Runway 13 / 31
Runway Dimensions 3863 ft x 75 ft
Runway Lighting Low-Intensity runway edge
Surface Asphalt
Traffic Pattern Left Traffic
All aviation data should be independently verified by pilots using current FAA publications, charts, and NOTAMs prior to operation.
FUEL FARM
FUEL FARM
A significant differentiator of the airport is the installed fuel farm, which has been fully plumbed and positioned for activation. The system requires only the addition of payment processing hardware and software to enable self-service fueling.
On-site fuel availability is a valuable operational advantage for private aviation users and represents a potential value-add component for an owner-operator or investor. Fuel infrastructure of this nature is increasingly uncommon on private airfields.
EXPANSION
EXPANSION
Beyond its current configuration, the airport offers future optionality. The surrounding acreage provides flexibility for additional hangar development, aviation-support facilities, or compatible aviation-related improvements, subject to zoning, approvals, and regulatory requirements.
This scalability, combined with existing infrastructure, positions the airport as a long-term asset capable of adapting to evolving aviation needs while maintaining its core function.
FREQUENTLY ASKED QUESTIONS
Is this a public airport?
No. This is a privately owned airport intended for private use.
Is the fuel farm operational?
The fuel farm is installed and plumbed and positioned for activation with the addition of payment processing hardware and software.
Can additional hangars be added?
Additional hangar development may be possible, subject to zoning, approvals, and regulatory requirements.
Is this suitable for an owner-operator pilot?
Yes. The airport is well suited for private aviation use with existing runway, hangar facilities, and fuel infrastructure.
Are utilities on site?
Yes. Electric and Natual Gas are plumbed throughout the west side of the property. There are main lines for water on both sides (Hwy 59 and Hwy 102)
To learn more about the Airport or to schedule a private tour of Crystal Lake Estates, showings are available by appointment only.
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