# 506 PETERSON LAKE Rd, Collierville, TN 38017 > **TL;DR:** 3bd/3ba single family, $535,000 ($157/sqft), built 1960, 3,411 sqft. > Fireplace, Hardwood, A/C, 2-car garage. Est. $2,861/mo. Listed 3 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $535,000 | | Price/sqft | $157 | | Bedrooms | 3 | | Bathrooms | 3 full | | Square Feet | 3,411 | | Year Built | 1960 | | Lot Size | 50,965 sqft (1.17 acres) | | Stories | 1 | | Garage | 2-car | | Property Type | Single Family (Other) | | Status | Active | | Days on Market | 3 | ## Why This Home Stands Out - **Hardwood Floors** - Hardwood flooring listed ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $2,705 | | Estimated Insurance | $156 | | **Total** | **$2,861** | ## Key Amenities - Fireplace - Hardwood - A/C - 2-car garage ## Property Highlights - Built in 1960 - 1.17 acre lot - Fireplace ## Description ### Agent 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. ## Location - **Address:** 506 PETERSON LAKE Rd, Collierville, TN 38017 - **County:** Shelby - **Neighborhood:** COLLIERVILLE HEIGHTS RE S/D - **Coordinates:** 35.053728, -89.667518 - **Google Maps:** https://www.google.com/maps?q=35.053728,-89.667518 ## Listing Agent - **Name:** Jennifer Williams - **Brokerage:** Hobson Realtors - **Broker Phone:** (901) 761-1622 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/506-Peterson-Lake-Rd_Collierville_TN_38017_M78772-80340?f=listhub&s=MAARTN&m=10233305&c=propsimple) ## Photos ![506 PETERSON LAKE Rd - Photo 1](http://lh.rdcpix.com/cf4c9977ecd2ef8d5e857c6a0a94fcb6l-f3473717245r.jpg) ![506 PETERSON LAKE Rd - Photo 2](http://lh.rdcpix.com/cf4c9977ecd2ef8d5e857c6a0a94fcb6l-f2743906173r.jpg) ![506 PETERSON LAKE Rd - Photo 3](http://lh.rdcpix.com/cf4c9977ecd2ef8d5e857c6a0a94fcb6l-f2979448432r.jpg) ![506 PETERSON LAKE Rd - Photo 4](http://lh.rdcpix.com/cf4c9977ecd2ef8d5e857c6a0a94fcb6l-f1120932620r.jpg) ![506 PETERSON LAKE Rd - Photo 5](http://lh.rdcpix.com/cf4c9977ecd2ef8d5e857c6a0a94fcb6l-f506229950r.jpg) ![506 PETERSON LAKE Rd - Photo 6](http://lh.rdcpix.com/cf4c9977ecd2ef8d5e857c6a0a94fcb6l-f1126865672r.jpg) ![506 PETERSON LAKE Rd - Photo 7](http://lh.rdcpix.com/cf4c9977ecd2ef8d5e857c6a0a94fcb6l-f3407942048r.jpg) ![506 PETERSON LAKE Rd - Photo 8](http://lh.rdcpix.com/cf4c9977ecd2ef8d5e857c6a0a94fcb6l-f503901772r.jpg) ![506 PETERSON LAKE Rd - Photo 9](http://lh.rdcpix.com/cf4c9977ecd2ef8d5e857c6a0a94fcb6l-f3306811933r.jpg) ![506 PETERSON LAKE Rd - Photo 10](http://lh.rdcpix.com/cf4c9977ecd2ef8d5e857c6a0a94fcb6l-f1082859139r.jpg) ![506 PETERSON LAKE Rd - Photo 11](http://lh.rdcpix.com/cf4c9977ecd2ef8d5e857c6a0a94fcb6l-f1592619577r.jpg) ![506 PETERSON LAKE Rd - Photo 12](http://lh.rdcpix.com/cf4c9977ecd2ef8d5e857c6a0a94fcb6l-f960973132r.jpg) ![506 PETERSON LAKE Rd - Photo 13](http://lh.rdcpix.com/cf4c9977ecd2ef8d5e857c6a0a94fcb6l-f3205772563r.jpg) ![506 PETERSON LAKE Rd - Photo 14](http://lh.rdcpix.com/cf4c9977ecd2ef8d5e857c6a0a94fcb6l-f1327837731r.jpg) ![506 PETERSON LAKE Rd - Photo 15](http://lh.rdcpix.com/cf4c9977ecd2ef8d5e857c6a0a94fcb6l-f2280094161r.jpg) ![506 PETERSON LAKE Rd - Photo 16](http://lh.rdcpix.com/cf4c9977ecd2ef8d5e857c6a0a94fcb6l-f3696572233r.jpg) ![506 PETERSON LAKE Rd - Photo 17](http://lh.rdcpix.com/cf4c9977ecd2ef8d5e857c6a0a94fcb6l-f253669825r.jpg) ![506 PETERSON LAKE Rd - Photo 18](http://lh.rdcpix.com/cf4c9977ecd2ef8d5e857c6a0a94fcb6l-f2204412357r.jpg) ![506 PETERSON LAKE Rd - Photo 19](http://lh.rdcpix.com/cf4c9977ecd2ef8d5e857c6a0a94fcb6l-f402364742r.jpg) ![506 PETERSON LAKE Rd - Photo 20](http://lh.rdcpix.com/cf4c9977ecd2ef8d5e857c6a0a94fcb6l-f2147793893r.jpg) ![506 PETERSON LAKE Rd - Photo 21](http://lh.rdcpix.com/cf4c9977ecd2ef8d5e857c6a0a94fcb6l-f660431360r.jpg) ![506 PETERSON LAKE Rd - Photo 22](http://lh.rdcpix.com/cf4c9977ecd2ef8d5e857c6a0a94fcb6l-f676378117r.jpg) ![506 PETERSON LAKE Rd - Photo 23](http://lh.rdcpix.com/cf4c9977ecd2ef8d5e857c6a0a94fcb6l-f853302167r.jpg) ![506 PETERSON LAKE Rd - Photo 24](http://lh.rdcpix.com/cf4c9977ecd2ef8d5e857c6a0a94fcb6l-f2243560200r.jpg) ![506 PETERSON LAKE Rd - Photo 25](http://lh.rdcpix.com/cf4c9977ecd2ef8d5e857c6a0a94fcb6l-f3327495166r.jpg) ![506 PETERSON LAKE Rd - Photo 26](http://lh.rdcpix.com/cf4c9977ecd2ef8d5e857c6a0a94fcb6l-f3825054608r.jpg) ![506 PETERSON LAKE Rd - Photo 27](http://lh.rdcpix.com/cf4c9977ecd2ef8d5e857c6a0a94fcb6l-f2608565566r.jpg) ![506 PETERSON LAKE Rd - Photo 28](http://lh.rdcpix.com/cf4c9977ecd2ef8d5e857c6a0a94fcb6l-f339013268r.jpg) --- **MLS#:** 10233305 | **Updated:** 2026-10-28 **Source:** listhub *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.* [View on PropertySimple](https://www.propertysimple.ai/listing/506-peterson-lake-rd-collierville-tn-38017-edea9918a2954b249bf4d79e49ea4622) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/506-peterson-lake-rd-collierville-tn-38017-edea9918a2954b249bf4d79e49ea4622#listing", "url": "https://www.propertysimple.ai/listing/506-peterson-lake-rd-collierville-tn-38017-edea9918a2954b249bf4d79e49ea4622", "name": "506 PETERSON LAKE Rd, Collierville, TN 38017", "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. 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