506 Peterson Lake Rd

Collierville, TN 38017

$649,000
Price
3
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
Get preapproved with Rocket Mortgage1
a front view of a house with a yard
a view of a kitchen with a sink and a refrigerator
a view of a dining room and wooden floor
a kitchen with granite countertop a sink a counter space appliances and cabinets
a living room with furniture a chandelier and a chandelier
a living room with furniture and a large window
a living room with furniture and a flat screen tv
a bedroom with a bed and a window
a bathroom with 2 sink toilet and a mirror
a bathroom with a double vanity sink toilet and shower
a bedroom with a bed a chandelier and dresser
a bathroom with a sink a toilet and shower
a view of a yard with a large tree
a front view of a house with a garden
wooden floor in an empty room with a window and a kitchen
a view of a yard in front of a house
a front view of a house with a garden
a black and white photo of a picture of floor
a living room with furniture and a fireplace
a view of a dining room with furniture and chandelier
a view of a dining room with furniture a potted plant and wooden floor
a view of a dining room with furniture and chandelier
a kitchen with white cabinets and white appliances
a kitchen with stainless steel appliances granite countertop a sink a stove a microwave a counter space and cabinets
a view of a hallway with windows and chandelier fan
a bathroom with a toilet a sink and mirror
a kitchen with a sink and cabinets

Description

This beautifully updated, move-in-ready single-level home offers three bedrooms and three full bathrooms, designed with an open layout that’s perfect for hosting family and friends. Both the primary suite and the guest suite feature private en-suite baths, and the home is finished with hardwood flooring throughout, premium stainless-steel appliances, quartz countertops, a generous kitchen island, and a breakfast bar. Multiple living spaces—including a dining room, living room, gathering room, and...This beautifully updated, move-in-ready single-level home offers three bedrooms and three full bathrooms, designed with an open layout that’s perfect for hosting family and friends. Both the primary suite and the guest suite feature private en-suite baths, and the home is finished with hardwood flooring throughout, premium stainless-steel appliances, quartz countertops, a generous kitchen island, and a breakfast bar. Multiple living spaces—including a dining room, living room, gathering room, and an all-weather sunroom—provide plenty of room to relax or entertain. The primary suite includes a walk-in closet, double-sink vanity, and a spacious walk-in shower. The guest suite also features a walk-in shower and quartz surfaces, while the hall bath offers a tub/shower combination. Set on a landscaped 1.18-acre corner lot, the outdoor space is ideal for gatherings and recreation.
  1. Listed by Jennifer Williams • Hobson, REALTORS

Property Details for 506 Peterson Lake Road

Area
873E
Style
Traditional
MAAR Subdivision Name
COLLIERVILLE HEIGHTS
Legal Subdivision Name
COLLIERVILLE HEIGHTS RE S/D
LISTING UPDATED: 02/28/2026 01:54 PM

Property Details for 506 Peterson Lake Road

StatusActive
MLS #10215638
Days on Market20
Taxes$5,569 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Detached Single Family / No
Year Built1960
Lot Size1.17 AC / 50,965 SF
CountyShelby County
Get preapproved with Rocket Mortgage1

Location

Listing Courtesy of Hobson, REALTORS
Add your commute

Building Information for 506 Peterson Lake Road

Stories1Year Built1960Building Size-Lot Size1.17 AC / 50,965 SF

Payment Calculator

Get preapproved with Rocket Mortgage1

$3,614 per month

30 year fixed, 6.11% Interest

Principal and Interest

$3,150

Property Taxes

$464

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 506 Peterson Lake Road

Summary
Location and General Information
  • Address: 506 PETERSON LAKE RD
  • Address Search Number: 506
  • Directions: I-240 E to 385. Take exit Byhalia Rd. Follow Byhalia Rd to W. Poplar, turn left on Peterson Lake Rd. house on corner
  • Geo Match Code: 0
  • Geo Matched Method: 0
  • Geo Quality: .95
  • Geo Update Timestamp: 02-28-2026
  • Geo Zoom Level: 16.00
  • Map Coordinate: E
  • MLS Map Num: Collierville - East
  • Neighborhood Association: None
Parking
  • Parking Display: C2A
  • Parking/Storage: Driveway/Pad
Taxes and HOA Information
  • LVT Date: 02-28-2026
Property
Lot Information
  • Lot Size: 144X352
  • Acreage: 1.17
  • Lot Num: 2
  • Lot Description: Some Trees, Level
  • Parcel ID: C0244P E00002
Property and Assessments
  • Detached Unit Type: General Residential
  • Foundation: Conventional
  • Prop Construction Status: Existing Property
  • Service Type: Full Service Listing
Utilities
  • Cooling: Central
  • Water & Sewer: Public Water, Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior/Windows: Brick Veneer
  • Misc Exterior: Other (See REMARKS)
  • Misc. Interior: Walk-In Closet(s), Permanent Attic Stairs, Walk-In Attic, Vent Hood/Exhaust Fan
  • Pool Description: None
  • Roof: Composition Shingles
Interior Features
  • Num of Fireplaces: 1.0
  • 1st Story Floor Plan: Living Room, Dining Room, Den/Great Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 1 Bath, 2 or More Baths, Laundry Room, Sun Room
  • Additional Br/Bath Info: All Bedrooms Down, 1 or More BR Down, Primary Down, Renovated Bathroom, Double Vanity Bath, Full Bath Down
  • Bedroom 2 Description: Level 1, Private Full Bath
  • Bedroom 3 Description: Level 1, Shared Bath
  • Bedrooms Down: 3.0
  • Den Great Room Dimensions: 0x0
  • Dining Room Dimensions: 0x0
  • Fireplace: Masonry, Decorative Only
  • Floors/Ceilings: Hardwood Throughout, Tile
  • Heating: Central
  • Interior Equipment: Range/Oven, Gas Cooking, Disposal, Dishwasher, Microwave, Refrigerator
  • Living Room Dimensions: 0x0
  • Living/Dining/Kitchen: Separate Living Room, Separate Dining Room, Separate Den, Updated/Renovated Kitchen, Eat-In Kitchen, Breakfast Bar, Island In Kitchen, Washer/Dryer Connections
  • Other Rooms: Laundry Room, Attic
  • Total Baths: 3

Property History for 506 Peterson Lake Road

DateEvent & SourcePriceAppreciation
Feb 28, 2026

Listed (Active)

MAARMLS #10215638

$649,000—
May 23, 2025

Sold

MAARMLS #10194296

$525,000—
May 20, 2025

Sold (Public Record)

Public Record #1559000425

$525,000

+8.1% / yr

May 9, 2025

Contract Signed

MAARMLS #10194296

—
Apr 15, 2025

Listed (Active)

MAARMLS #10194296

$599,000—
Nov 11, 2024

Temporarily Off Market

MAARMLS #10183012

—
Oct 10, 2024

Listed (Active)

MAARMLS #10183012

$665,000—
Oct 10, 2024

Temporarily Off Market

MAARMLS #10181017

—
Sep 11, 2024

Temporarily Off Market

MAARMLS #10178933

—
Sep 9, 2024

Listed (Active)

MAARMLS #10181017

$670,000—
Aug 10, 2024

Temporarily Off Market

MAARMLS #10160629

—
Aug 10, 2024

Listed (Active)

MAARMLS #10178933

$670,000—
Jun 3, 2024

Price Change

MAARMLS #10160629

$670,000—
Mar 6, 2024

Price Change

MAARMLS #10160629

$675,000—
Feb 6, 2024

Price Change

MAARMLS #10160629

$699,900—
Nov 9, 2023

Price Change

MAARMLS #10160629

$750,000—
Nov 9, 2023

Price Change

MAARMLS #10160629

$699,900—
Nov 9, 2023

Price Change

MAARMLS #10160629

$675,000—
Nov 9, 2023

Listed (Active)

MAARMLS #10160629

$670,000—
Jun 26, 2023

Sold (Public Record)

Public Record #1514285586

$452,500—
Jun 26, 2023

Sold

MAARMLS #10134105

$452,500—
Jun 13, 2023

Contract Signed

MAARMLS #10134105

—
Jun 7, 2023

Contract Out

MAARMLS #10134105

—
May 29, 2023

Price Change

MAARMLS #10134105

$500,000—
Mar 26, 2023

Price Change

MAARMLS #10134105

$550,000—
Oct 20, 2022

Price Change

MAARMLS #10134105

$590,000—
Sep 22, 2022

Price Change

MAARMLS #10134105

$600,000—
Sep 22, 2022

Price Change

MAARMLS #10134105

$590,000—
Sep 22, 2022

Price Change

MAARMLS #10134105

$550,000—
Sep 22, 2022

Permanently Off Market

MAARMLS #10134037

—
Sep 22, 2022

Listed (Active)

MAARMLS #10134105

$500,000—
Sep 22, 2022

Listed (Active)

MAARMLS #10134037

$600,000—
DateEvent & SourcePrice
02/28/2026

Listed (Active)

MAARMLS #10215638

$649,000
05/23/2025

Sold

MAARMLS #10194296

$525,000
05/20/2025

Sold (Public Record)

Public Record #1559000425

$525,000

+8.1% / yr

05/09/2025

Contract Signed

MAARMLS #10194296

—
04/15/2025

Listed (Active)

MAARMLS #10194296

$599,000
11/11/2024

Temporarily Off Market

MAARMLS #10183012

—
10/10/2024

Listed (Active)

MAARMLS #10183012

$665,000
10/10/2024

Temporarily Off Market

MAARMLS #10181017

—
09/11/2024

Temporarily Off Market

MAARMLS #10178933

—
09/09/2024

Listed (Active)

MAARMLS #10181017

$670,000
08/10/2024

Temporarily Off Market

MAARMLS #10160629

—
08/10/2024

Listed (Active)

MAARMLS #10178933

$670,000
06/03/2024

Price Change

MAARMLS #10160629

$670,000
03/06/2024

Price Change

MAARMLS #10160629

$675,000
02/06/2024

Price Change

MAARMLS #10160629

$699,900
11/09/2023

Price Change

MAARMLS #10160629

$750,000
11/09/2023

Price Change

MAARMLS #10160629

$699,900
11/09/2023

Price Change

MAARMLS #10160629

$675,000
11/09/2023

Listed (Active)

MAARMLS #10160629

$670,000
06/26/2023

Sold (Public Record)

Public Record #1514285586

$452,500
06/26/2023

Sold

MAARMLS #10134105

$452,500
06/13/2023

Contract Signed

MAARMLS #10134105

—
06/07/2023

Contract Out

MAARMLS #10134105

—
05/29/2023

Price Change

MAARMLS #10134105

$500,000
03/26/2023

Price Change

MAARMLS #10134105

$550,000
10/20/2022

Price Change

MAARMLS #10134105

$590,000
09/22/2022

Price Change

MAARMLS #10134105

$600,000
09/22/2022

Price Change

MAARMLS #10134105

$590,000
09/22/2022

Price Change

MAARMLS #10134105

$550,000
09/22/2022

Permanently Off Market

MAARMLS #10134037

—
09/22/2022

Listed (Active)

MAARMLS #10134105

$500,000
09/22/2022

Listed (Active)

MAARMLS #10134037

$600,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 506 Peterson Lake Road

Taxable ValueLand$28,500Additions$100,725Total$129,225
Tax Record2024$6,758 ($563 / month)
Home Facts
Beds3Baths2Total Finished SqFt3,456 SqFtAbove Grade Finished SqFt3,456 SqFtStories1Lot Size51,314 SqFtStyleSingle Family ResidenceYear Built1959ZoningR-1CountySHELBYAPNC02-44P- -E-00002Fireplace TypeHas Fireplace

Schools near 506 Peterson Lake Road

This home is within Collierville Schools.
Rating
School
Type
Grades
Distance
Collierville Elementary School
Public - PK to 5
Collierville Middle School
Public - 6 to 8
Collierville High School
Public - 9 to 12
Collierville Virtual Academy
Public - 3 to 12
Rating
School
Distance
Collierville Elementary School
PublicPK to 5

Collierville Middle School
Public6 to 8

Collierville High School
Public9 to 12

Collierville Virtual Academy
Public3 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

Explore Nearby Homes

More information about 506 Peterson Lake Road, Collierville, TN 38017

506 Peterson Lake Road is a single family home for sale in Collierville, TN 38017. This property was listed for sale on February 28, 2026 by Hobson, REALTORS, it's currently listed at $649,000. It has been on the market for a total of 20 days and was last sold on May 23, 2025. This listing's school district is Collierville Schools. Nearby schools include Collierville Elementary School, Collierville Middle School and Collierville High School. 506 Peterson Lake Road is a 3-bed, 3-bath, single family home built in 1960.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Hobson, REALTORS

The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Services of MAAR and Central West Tennessee Association of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than Compass are identified with the MAAR and Central West Tennessee Association of Realtors logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. All information should be verified by the recipient and none is guaranteed as accurate by MAAR and Central West Tennessee Association of Realtors. Listing information Copyright© 2026 MLS of MAAR and Central West Tennessee Association of Realtors, Inc. All Rights Reserved.