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About This Home

This 3-bedroom, 3-bathroom single family at 506 PETERSON LAKE Rd in Collierville, TN is listed for $595,000 ($174 per sqft). Built in 1960, the home offers 3,411 sqft of living space on a 1.17 acres lot.

Agent 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 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.

Key Features

  • Built in 1960
  • 1.17 acre lot
  • Fireplace

Property Details

1 story
3 full
1960

Amenities

FireplaceHardwoodA/C

Monthly Cost Estimate

$3,182/mo

20% down · 6.5% · 30 years

Principal$430
Interest$2,578
Insurance$174

Estimates only. Actual payments may vary.

Location

506 PETERSON LAKE Rd

Collierville, TN 38017

COLLIERVILLE HEIGHTS RE S/D

Features & Amenities

Interior Features

Permanent Attic StairsVent Hood/Exhaust FanWalk-In AtticWalk-In Closet(s)

Property Details

Flooring

TileHardwood

Parking

Driveway

Heating

Central

Cooling

Central Air

Questions & Answers

This 3-bedroom, 3-bathroom single family at 506 PETERSON LAKE Rd is listed at $595,000 ($174/sqft). The estimated monthly payment is $2,578 based on 20% down at 6.5% interest.

Key features include: Built in 1960, 1.17 acre lot, Fireplace. Interior Features: Permanent Attic Stairs, Vent Hood/Exhaust Fan, Walk-In Attic.

This property is listed by Jennifer Williams and can be reached at 9018250044 or jdandjpwilliams@aol.com.

JW

Jennifer Williams

Agent at Hobson, REALTORS

(901) 825-0044

Listed by Hobson, REALTORS · View on Broker Site

MLS# 10215638· Source: listhub· Updated 93 days ago

Copyright © 2026 Memphis Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

506 PETERSON LAKE Rd, Collierville, TN 38017

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