✈️ Private Airport on 230+ Acres FOR SALE – Decatur, AR

  • $6,900,000
1051 Peterson Farm Road, Decatur, AR, USA
For Sale For Sale
✈️ Private Airport on 230+ Acres FOR SALE – Decatur, AR
1051 Peterson Farm Road, Decatur, AR, USA
  • $6,900,000

Overview

  • Airpark Home, Airpark Land, Airport Land, Hangar, Private Airports
  • Property Type
  • 11
  • Bedrooms
  • 7
  • Bathrooms
  • 5M5
  • Airport Code
  • Public Airport
  • Airport Status
  • 1
  • Runways
  • 3863 ft.
  • Runway Length
  • Paved
  • Runway Type
  • No Hangar
  • Has Hangar?

Description

Located in Decatur, AR – Crystal Lake Estates presents a unique opportunity for pilots, investors, and aviation-minded developers seeking to help shape a future aviation-oriented destination in Northwest Arkansas.

Crystal Lake Estates is not yet an established fly-in community, but it offers meaningful existing infrastructure and strong potential for aviation-focused development. The property includes a private paved runway, with additional surrounding land that lends itself to future hangar construction, aircraft storage, and aviation-support uses, subject to approvals and final design.

A notable asset of the site is the existing fuel farm infrastructure. The ballistic fuel tanks are already installed and plumbed, significantly reducing upfront development costs. The remaining steps to make the system operational include implementing a self-service payment system and coordinating fuel delivery logistics. This presents an opportunity for a buyer or operator to complete the final phase of fuel service activation in a way that aligns with their operational needs.

The property offers flexibility for:

  • Private or shared hangar development

  • Aircraft storage and aviation-support facilities

  • Completion and activation of an on-site self-service fuel operation

  • A phased approach toward a future fly-in or aviation-adjacent community

With aviation-capable properties increasingly limited, Crystal Lake Estates provides a rare chance to step in before full buildout, allowing a buyer to influence layout, infrastructure, and long-term vision rather than adapt to an already established model.

Runway dimensions, site layout, and infrastructure details are available upon request.

Property Documents

contour map with valleys & airport
Existing Conditions - Crystal Lake Estates (1)
traffic map (ARDOT)
M5 airport master record
floodplain map
  • Address 1051 Peterson Farm Road, Decatur, AR, USA
  • City Decatur
  • State/county Arkansas
  • Zip/Postal Code 72722
  • Area Northwest Arkansas

Airport details

Updated on January 15, 2026 at 11:13 am
  • Airport Name: Crystal Lake Decatur, AR
  • Airport Code: 5M5
  • Runways: 1
  • Airport Status: Public Airport
  • Tower: No Tower
  • Customs: No Customs

Runway Details

Updated on January 15, 2026 at 11:13 am
  • Runway: 13/31
  • Length: 3863
  • Width: 75
  • Type: Paved
  • Lighted: Not Lighted
  • ILS: No ILS

Hangar details

Updated on January 15, 2026 at 11:13 am
  • Has Hangar?: No Hangar
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Property details

Updated on January 15, 2026 at 11:13 am
  • Property ID: AV36964
  • Price: $6,900,000
  • Property Size: 28042 sqft
  • Land Area: 231 acres
  • Bedrooms: 11
  • Bathrooms: 7
  • Garages: 8
  • Property Type: Airpark Home, Airpark Land, Airport Land, Hangar, Private Airports
  • Property Status: For Sale

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Listed By:

Brande Weidler,
Better Homes & Gardens Real Estate Journey,
Northwest Arkansas Board of Realtors

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