Northwest Arkansas’ Most Costly House Gross sales of 2022 | Arkansas Enterprise Information

The upscale residential market in northwest Arkansas continued to burn sizzling in 2022, with greater than 60 properties promoting for $1.5 million or extra.

It was a 3rd consecutive document yr for Benton and Washington counties, the 2 most populous counties that make up the area. The 2022 numbers doubled the earlier yr’s whole of 30 properties bought for $1.5 million or extra.

The area’s mixture of robust financial base and rising inhabitants makes it a well-liked place to dwell in a tightening housing market. The Arvest Financial institution Skyline Report, launched in mid-March, mentioned that the typical house bought in Benton County bought for greater than $400,000 in 2022, whereas the typical Washington County house bought for $362,000 within the first half of the yr earlier than rising to $376,000 within the second half of 2022.

“The expansion of the northwest Arkansas housing market continues to speed up,” mentioned Kristen Boozman, the proprietor of Portfolio Sotheby’s Worldwide Realty in Rogers. “Along with Tyson Meals, Walmart and J.B. Hunt Transport’s job progress inside our area, we’re seeing an rising variety of individuals shifting right here who’ve jobs unrelated to our main employers. Individuals are shifting right here by selection — not as a result of they had been transferred right here.

“Folks had been shifting right here to flee the bigger metro areas with greater prices of residing, lots of whom do business from home and are drawn to the standard of life northwest Arkansas offers. This has put extra strain on our already low stock, which then pushed house values greater than we have now ever seen.”

The preferred areas for the most costly properties remained the identical. The gated neighborhood surrounding the Pinnacle Nation Membership and golf course in Rogers once more led the best way, whereas properties on Beaver Lake and gated communities in Bentonville corresponding to Talamore and Scissortail had been additionally common.
Pinnacle had one other strong yr with 5 properties bought for $1.5 million or extra, with one other 21 properties promoting for no less than $1 million.

It was a Fayetteville subdivision, although, that topped the checklist in 2022, not within the variety of properties bought however within the worth of those that did. Clear Creek, which is constructed round Tyson Meals Chairman John Tyson’s Blessings Golf Course, had three of the 5 costliest properties bought in 2022, together with the most costly, and 6 of the highest 28.

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1. $4 Million

The most costly home bought final yr in northwest Arkansas is within the upscale, gated Clear Creek neighborhood surrounding Tyson Meals Chairman John Tyson’s Blessings Golf Membership. The three-story house has seven bedrooms, eight bogs, three fireplaces and a four-car storage, together with a bunch of different facilities. Patrick Cameron, a former two-year letterman as a deep snapper for the Arkansas Razorbacks, is a monetary adviser and actual property investor. Trevor Lavy is the chairman of the board of Precedence Financial institution, and he and his spouse, Kellie, have 5 daughters, a number of of whom performed golf for the College of Arkansas, whose house course is Blessings.

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2. $3.6 Million

This five-bedroom, six-and-a-half-bath house sits on 43 acres. Its facilities embody a mud room and recreation room with a playground. It has a pool, pool home, two barns and an outside basketball courtroom. Jim and Holly Harp are the homeowners of High quality Millwork in Springdale. Buck Ortega is a former NFL participant and Planet Health franchisee in northwest Arkansas. 

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3. $3.31 Million

One other house within the Clear Creek subdivision surrounding Blessings, this five-bedroom, seven-bath home sits on a 3.3-acre lot and has a pool, four-car storage and three fireplaces. CNAK is led by Charles Dawson, the CEO of GeoSurfaces of Baton Rouge, an organization that installs synthetic turfs at athletic venues. Bobby Ralston is a former govt with J.B. Hunt Transport Providers Inc. in Lowell.

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4. $3.2 Million

The four-bedroom, seven-bath house sits on practically 2-and-a-half acres on Beaver Lake and has a two-slip boat dock. It has three fireplaces, a store, two workplaces, a theater and sport rooms and a health club. Alexander Prentice is an govt with Techemet Metallic Buying and selling in Pasadena, California. Kevin and Traci Fuksa are actual property traders from Oklahoma.

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4. $3.2 Million

One other house in Blessings’ Clear Creek subdivision, this one has 5 bedrooms, six bogs, a pool and a four-car storage. It additionally has a wine cellar, a sport room and two laundry rooms, together with one with a canine bathe. Sound Gambit is led by Joe Morse Jr., the COO of Pepper Supply in Rogers. Nathan Hodne is a senior vp at Tyson Meals Inc. of Springdale and Tina Hodne is an actual property agent.

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6. $3 Million

This four-bed, four-bath house is in a gated neighborhood on Beaver Lake. It has a two-slip boat dock, three fireplaces, two laundry rooms and a canine kennel. It sits on 3 acres. Randy Salley is head of Salley LLC, an IT firm, and is a former govt with Walmart Inc. of Bentonville. John Blassingame is a monetary adviser in Southlake, Texas.

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7. $2.65 Million

This seven-bed, eight-bath house sits on 33 acres. It has a theater, sport room, health club, wine cellar and spa, together with a barn and a pond. There’s additionally a 1,110-SF condominium. Russ Sprague is an govt with NWA Govt Leases in Rogers. Vickie Tilley is the vp of growth of MS Graphics and president of Dynamic Vitality Ideas, each in Decatur. 

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8. $2.5 Million

This three-bedroom, seven-bath house is on Beaver Lake on the far japanese fringe of Benton County. It has a personal two-slip boat dock, mother-in-law quarters, a 1,800-SF store and two laundry rooms. Mike Fyler is the proprietor of Kansas Chemical in McPherson, Kansas. Jennifer Arndt is the proprietor of JLA Development in Brookline, Missouri. 

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9. $2.4 Million

This new four-bedroom, six-bath house is in downtown Bentonville, simply off the sq.. It has a 927-SF condominium, two-car storage, a pool and sizzling tub and two fireplaces. Oso Toro is managed by Mandy Lindeman and its mailing handle is that of Walmart CFO John Rainey, the previous CFO at PayPal and Lindeman’s brother-in-law. Mark Melton is a Bentonville homebuilder.

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10. $2.34 Million

This four-bedroom, five-bath house is simply off the downtown Bentonville sq.. It has a three-car storage, a pool with an computerized cowl system and an train room. Daniel Wilcox is an lawyer with Tyson Meals. Amanda Whalen is the CFO of Klaviyo in Boston and was beforehand the CFO of Walmart Worldwide. 

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House Gross sales of $1.5 Million or Extra in 2022 in Benton and Washington Counties