Briscoe Ellett III

506 Peterson Lake Rd

Collierville, TN
$ 550,000 Beds 3 Baths 3 Sq 3,411
Monthly Estimate* How much can I afford?

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.

Single Family

  • Price
  • $ 550,000
  • City
  • Collierville
  • Bedrooms
  • 3
  • Full Bathrooms
  • 3
  • County
  • SHELBY
  • Half Bathrooms
  • 0
  • Area
  • Collierville - East
  • Lot Size
  • 1.17 Acres
  • Zip
  • 38017
  • Sqr Footage
  • 3,411
  • Year Built
  • 1960
  • Taxes
  • $ 5569
  • Style
  • Traditional
  • MLS#
  • 10229009
Listed By: Hobson, REALTORS
Data Source: Memphis MLS (MAAR)

Features

General

Heating Central
Cooling Central
Roof Composition Shingles
Fireplaces 1
Status Active
Full Baths 3
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
Condo No
Area 873E
Parcel Number C0244P E00002
Status Active
Annual City Tax 2093
Annual County Tax 3476
Sale/Rent For Sale
Area Collierville - East
Service Type Full Service Listing
Neighborhood Association None
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 31

Interior Features

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
MISC. INTERIOR Walk-In Closet(s),Permanent Attic Stairs,Walk-In Attic,Vent Hood/Exhaust Fan
FLOORS/CEILINGS Hardwood Throughout,Tile
INTERIOR EQUIPMENT Range/Oven,Gas Cooking,Disposal,Dishwasher,Microwave,Refrigerator
BEDROOM 3 DESCRIPTION Level 1,Shared Bath
BEDROOM 2 DESCRIPTION Level 1,Private Full Bath

Exterior Features

Foundation Conventional
Pool None
Lot 2
Lot Size Area 1.17
Water & Sewer Public Sewer,Public Water
Lot Size 144X352
Parking Display C2A
Lot Description Some Trees,Level
# Covered Parking Spaces 2
PARKING/STORAGE Driveway/Pad
EXTERIOR/WINDOWS Brick Veneer
Misc. Exterior Other (See REMARKS)

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Memphis, TN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% 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.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

8/24/2026 Listed $550,000

Property vs Zip Code Average in 38017

Price
AVG $670K
$550K
Taxes
AVG $5,589
$5,569
Year Built
AVG 2006
1960
Visits
AVG 89
25
Data Provided by Inside Real Estate®

In The Neighborhood

Areas That We Cover

506 Peterson Lake Rd Collierville, TN is a Single Family Home for sale at $550000 with 3411 sqft and a lot size of 1.17 Acres Acre(s). 506 Peterson Lake Rd Collierville has 3 bedrooms, 3 baths and was built in 1960. The property's zip code is 38017 which is in Collierville, TN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% 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.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided 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.

Briscoe Ellett III

Briscoe Ellett III

901-282-9020

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