506 PETERSON LAKE RD Collierville, TN $ 649,000
506 PETERSON LAKE RD
$ 649,000
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506 PETERSON LAKE RD

Collierville, TN, 38017
$ 649,000
Bedrooms3 Baths3.0 Sq 3,411

Monthly Estimate*

$ 3,996

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Single Family Home for sale in Collierville, TN

for $649,000 with 3 bedrooms and 3 full baths. This 3,411 square foot home was built in 1960 on a lot size of 1.17.

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.

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Single Family Active

Price

$ 649,000

Bedrooms

3

Full Bath

3

Property Type

Single Family

Taxes

$ 5,569

Style

Traditional

Lot Size

1.17

Year Built

1960

Town/City

Collierville

County/Region

Shelby

MLS | Web ID

10215638

Features
General
Heating Central
Cooling Central
Roof Composition Shingles
Fireplaces 1
Status Active Active
Full Baths 3
Half Baths 0
Other Rooms Laundry Room Attic
Legal Subdivision Name COLLIERVILLE HEIGHTS RE S/D
Style Traditional
Stories Count 1
County Shelby
Class Residential
Type Detached Single Family
Area 873E Collierville - East
Parcel Number C0244P E00002
Sale/Rent For Sale
Status Detail 0
Year Built 1960
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
City Collierville
DOM 0
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Interior
Living Room Separate Living Room Separate Dining Room Separate Den Updated/Renovated Kitchen Eat-In Kitchen Breakfast Bar Island In Kitchen Washer/Dryer Connections
Beds 3
Total Baths 3
Fireplace Masonry Decorative Only
Number of Rooms 9
Downstairs Bedrooms 3
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Exterior
Foundation Conventional
Pool None
Lot 2
Lot Size Area 1.17
Water & Sewer Public Water Public Sewer
Lot Size 144X352
Lot Description Some Trees Level
Misc. Exterior Other (See REMARKS)
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* Excluded Features
List By
Hobson, Realtors

Broker

Affordability Calculator

$4,460
Per Month
90%
10%
0%
Monthly Principal & Interest
$3,996
Monthly Property Taxes
$464
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
460623 Elementary School
460624 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/28/2026$649,000 Listed Price

Map


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506 PETERSON LAKE RD, Collierville, TN, 38017 is a Single Family Home for sale at $649,000 with 3,411 sqft and a lot size of 1.17. 506 PETERSON LAKE RD has 3 bedrooms, 3.0 baths, and was built in 1960. The property's zip code is 38017 which is in Collierville, TN