About This Home

This 3-bedroom, 3-bathroom single family at 506 PETERSON LAKE Rd in Collierville, TN is listed for $535,000 ($157 per sqft). Built in 1960, the home offers 3,411 sqft of living space on a 1.17 acres lot.

Key Features

  • Built in 1960
  • 1.17 acre lot
  • Fireplace

Property Details

1 story
3 full
2-car garage
1960

Amenities

FireplaceHardwoodA/C
Listing Description

Move-in ready, totally updated single-level home offers three bedrooms and three full bathrooms, 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 ample space 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.

Monthly Cost Estimate

$2,861/mo

20% down · 6.5% · 30 years

Principal$387
Interest$2,318
Insurance$156

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

HardwoodTile

Parking

Driveway

Heating

Central

Cooling

Central Air

Questions & Answers

This 3-bedroom, 3-bathroom single family at 506 PETERSON LAKE Rd is listed at $535,000 ($157/sqft). The estimated monthly payment is $2,861 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

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.

JW

Jennifer Williams

Agent at Hobson Realtors

Listed by Hobson Realtors · Broker phone: (901) 761-1622 · View on Broker Site · Broker website

MLS# 10233305· Source: Memphis Area Association of Realtors®· 2 days on PropertySimple

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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