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Northwest Arkansas’ Most Expensive Home Sales of 2023Lock Icon

8 min read

The upscale residential market in northwest Arkansas saw another year of 200 or more homes selling for $1 million or more in 2023.

Benton County saw a drawback in its high-end housing market. There 155 homes sold for $1 million or more last year,  a 13% drop from 178 such homes in 2022. But in Washington County, 56 homes sold for $1 million or more, an increase of 44% from 39 in 2022.

The Arvest Bank Skyline Report, released in mid-March, said the average price for a home sold in Benton County was more than $420,000 in 2023. The average price for a Washington County home was more than $392,000 in the first half of 2023 before dropping to $386,000 in the second half of 2023.

Arkansas Business, for the third consecutive year, increased the floor price of the home sales it follows in northwest Arkansas. The accompanying graphic shows sales of $1.75 million or more; up from $1.5 million in 2022 and $1.25 million in 2021.

In Benton County, 28 homes sold for $1.75 million or more, and Washington County had nine. The two counties, the most populous counties of the northwest Arkansas region, saw a combined 211 homes sell for $1 million or more in 2023, six fewer than in 2022.

“It’s a different market, for sure, but it is a very healthy market,” said Mike Parker, owner of Prime Real Estate & Development in Fayetteville.

“We’re still mostly upside down as far as supply and demand goes. The folks who are in the market to purchase those price range homes, almost every one I did was a cash sale. Those folks have money despite interest rate changes and whatever the times are.”

The prime location in northwest Arkansas continues to be the gated Pinnacle subdivision surrounding the Pinnacle Golf Club in Rogers. The area saw 36 homes sell for $1 million or more in 2023, a 33% increase from 27 in 2022. Pinnacle homes placed four times in the top 10 most expensive homes sold in 2023.

Two of the top 10 homes sold were on the same street in Pinnacle.

For the second consecutive year, the most expensive home sold in northwest Arkansas topped $4 million. The $4.2 million home sold on Beaver Lake, a popular area in northwest Arkansas. Six homes in Beaver Lake were among the 28 most expensive homes sold in the two-county region in 2023.

Fayetteville’s most popular upscale spot was the Clear Creek subdivision that surrounds Tyson Foods Inc. Chairman John Tyson’s Blessings Golf Club. Clear Creek had the fourth-most expensive home sold in 2023 and 10 of $1 million or more.

“It is getting harder to find them on Beaver Lake,” Parker said. “Those are all popular areas that fit into that price range. Those are great areas and always will be.” n

1. $4.2 Million

(Derrick Wilkerson)

Buyer: Tango Foxtrot LLC | Sellers: Derick and Lisa Bores | Neighborhood: Beaver Lake | Date Sold: June 30 | Year Built: 2020 | SF: 7,967

The six-bedroom, seven-bathroom home sits on 4 acres on Beaver Lake and has a two-slip boat dock. It is a three-story home with a walkout basement, guest suite, home gym, game room and four-car garage. The buying LLC is led by Tim Fahler, who is the CEO of Novo Oil & Gas in Oklahoma City. Derick Bores is a senior account manager at Zebra Technologies in Rogers. Lisa Bores is the director of sales for Sazerac Co.

2. $3.25 Million

(Derrick Wilkerson)

Buyer: 401 W. Central Avenue Trust | Seller: Steven & Julie Freeman Living Trust | Neighborhood: Downtown Bentonville | Date Sold: May 16 | Year Built: 1954 | SF: 6,286 

This four-bed, four-bath home was designed by architect Cecil Stanfield in 1954 and underwent an extensive remodel in 2018. It has a climate-controlled four-car garage, five fireplaces, wine cellar and private patio. The 401 W. Central Avenue Trust is associated with Kristin Copher Buse, the co-founder and president of the nonprofit Pure Charity. Silicon Valley Bank is the trustee of the trust. Steve Freeman is a businessman in Bentonville.

3. $2.95 Million

(Derrick Wilkerson)

Buyer: East North Central Real Estate 1 LLC | Seller: Erin Brady | Neighborhood: Candlewood, Fayetteville | Date Sold: Aug. 9 | Year Built: 2007 | SF: 6,340

This two-story home with a basement has five bedrooms, six-and-a-half bathrooms, two fireplaces and a swimming pool. It was the sixth-most expensive home sold in 2021, as well, when it sold for $2.3 million. The buying LLC is a subsidiary linked to David and Doug Hendrix of Bryant, the founders of the Big Red Stores. Erin Brady is a Fayetteville dentist.

4. $2.9 Million

(Derrick Wilkerson)

Buyers: Brady John and Laura Elizabeth Stewart | Seller: Prestwick South Circle LLC | Neighborhood: Clear Creek, Fayetteville | Date Sold: Aug. 7 | Year Built: 2004 | SF: 7,135

The home sits adjacent to the 12th green of Blessings Golf Club in the gated Clear Creek subdivision. It has five bedrooms, five-and-a-half bathrooms, a five-car garage, three fireplaces and a media room. Brady Stewart is the group president of the fresh meats division of Tyson Foods Inc. of Springdale. The selling LLC was organized by attorney T. Craig Jones and real estate agent Jennifer Banks. It acquired the property in 2020 from Devin Cole, the COO of George’s Inc. of Springdale.

5. $2.86 Million

(Derrick Wilkerson)

Buyer: Michael & Mary Laymon Living Trust | Seller: Michael A. Fyler & Melinda F. Fyler Trust | Neighborhood: Beaver Lake | Date Sold: Aug. 7 | Year Built: 2015 | SF: 5,506

This three-bedroom, seven-bath home is on Beaver Lake in eastern Benton County. It has a private two-slip boat dock, mother-in-law quarters, a 1,800-SF shop and two laundry rooms. It was the eighth-most expensive home bought in 2022, as well, when it sold for $2.5 million. Mike Laymon is a business owner in Yates Center, Kansas. Mike Fyler is the owner of Kansas Chemical in McPherson, Kansas.

6. $2.85 Million

(Derrick Wilkerson)

Buyers: Sherman and Meredith Rogers | Sellers: David and Michelle Bray | Neighborhood: Beau Chene, Rogers | Date Sold: May 19 | Year Built: 2001 | SF: 4,898

The home has four bedrooms, four-and-a-half bathrooms and sits on 2 acres in a gated community. It has a three-car garage, library, wine bar and swimming pool. Sherman Rogers is the CEO and founder of Bloom Insurance in Bloomington, Indiana. David Bray is the former president of the poultry division of Tyson Foods Inc. of Springdale.

7. $2.78 Million

(Derrick Wilkerson)

Buyers: Martin Alan Hannon and Amber Sills | Seller: 62 Buckingham Trust | Neighborhood: Pinnacle, Rogers | Date Sold: April 21 | Year Built: 2007 | SF: 8,911

The three-story home has six bedrooms and seven-and-a-half bathrooms. It has a wine cellar, office, theater, exercise rooms and four-car garage. It was the sixth-most expensive home sold in 2018, when it sold for $1.58 million. Martin Hannon is a family medicine doctor in Rogers. Amber Sills is an OB-GYN in Bentonville. 62 Buckingham Trust is led by Ray Canode Jr. and Michelle Canode of Rogers.

8. $2.71 Million

(Derrick Wilkerson)

Buyers: Craig Edward and Paula Jean Boelte | Sellers: Derek and Shellie Brown | Neighborhood: Pinnacle, Rogers | Date Sold: May 23 | Year Built: 2000 | SF: 8,040

The three-story house sits on a 1.7-acre lot. It has 19 rooms, including four bedrooms and six bathrooms, a private study, library, media room, outdoor spa and pool with a cabana. It was the third-most expensive home sold in 2017 when it sold for $1.98 million. Craig Boelte is the CFO of Paycom Software in Oklahoma City. Derek Brown is the owner of Brown Orthodontics, which has two locations in northwest Arkansas.

9. $2.55 Million

(Derrick Wilkerson)

Buyers: Brandon and Alyssa Williams | Sellers: Ryan and Molly Powers | Neighborhood: Pinnacle, Rogers | Date Sold: May 23 | Year Built: 2017 | SF: 4,779

This two-story home has five bedrooms, four-and-a-half bathrooms and a four-car garage. It has a game room, wet bar, swimming pool and 70 trees on a ¾-acre lot. Brandon Williams had a 10-year NFL career as a defensive lineman, earning Pro Bowl honors in 2018 and winning a Super Bowl in 2022. Ryan Powers is the CEO of Baccus Global LLC of Boca Raton, Florida.

9. $2.55 Million

(Derrick Wilkerson)

Buyer: QSX-300A2 LLC | Sellers: Russ and Karisa Sprague | Neighborhood: Pinnacle, Rogers | Date Sold: March 31 | Year Built: 2013 | SF: 6,697

The five-bedroom, seven-bath home sits on 1 acre. It has a wine room, hardwood floors, two fireplaces and heated marble floors in the master bathroom. It has a pool, pool house with a kitchen and four-car garage. The buying LLC is led by Chris and Lance Beaty of Beaty Capital Group in Fort Smith. Chris Beaty is also the CEO of TeleComp in Rogers. Russ Sprague is a principal with NWA Executive Rentals in Rogers. Karisa Sprague is a senior vice president of fulfillment at Walmart Inc.

Home Sales of $1.75 Million or More in 2023 in Benton and Washington Counties

Ranked by price






Date Sold

 Year Built

$4.20 mil. Tango Foxtrot LLC, led by Tim Fahler Derick and Lisa Bores Beaver Lake 7,967 June 30 2020
$3.25 mil. 401 W. Central Avenue Trust, led by Kristin Copher Buse Steven & Julie Freeman Living Trust Downtown Bentonville 6,286 May 16 1954
$2.95 mil. East North Real Estate 1 LLC, led by David and Doug Hendrix Erin Brady Candlewood 6,340 Aug. 9 2007
$2.90 mil. Brady John and Lauren Elizabeth Stewart Prestwick South Circle LLC, led by Craig Jones and Jennifer Banks Clear Creek 7,135 Aug. 7 2004
$2.86 mil. Michael & Mary Laymon Living Trust Michael & Melinda Fyler Trust Beaver Lake 5,496 Aug. 7 2015
$2.85 mil. Sherman and Meredith Rogers David and Michelle Bray Beau Chene 4,898 May 19 2001
$2.78 mil. Martin Alan Hannon and Amber Sills 62 Buckingham Trust, led by Ray & Michelle Canode Pinnacle 8,911 April 21 2007
$2.71 mil. Craig Edward and Paula Jean Boelte Derek and Shellie Brown Pinnacle 8,040 May 23 2000
$2.55 mil. Brandon and Alyssa Williams Ryan and Molly Powers Pinnacle 4,779 May 23 2017
$2.55 mil. QSX-300A2 LLC, led by Chris and Lance Beaty Russ and Karissa Sprague Pinnacle 6,697 March 31 2013
$2.54 mil. Kellina Annette Ceola Revocable Trust Kay J. Palmer Revocable Trust Fayetteville Outlots 8,500 Nov. 30 1994
$2.50 mil. Steven & Cammy Schrobilgen Family Trust Darren and Leah Carithers Crow’s Nest 5,704 Sept. 28 2020
$2.49 mil. Darren and Donna Field Brian & Peggy Arend Revocable Trust Beaver Lake 3,322 Nov. 16 2022
$2.47 mil. James Matthew and Stacy Jurado Miller Carenda Cobb Living Trust Downtown Bentonville 4,886 Oct. 2 2023
$2.36 mil. Volz Interests LLC, led by Rachael Volz Jeff and Tammy Moles Downtown Bentonville 4,183 Nov. 27 2016
$2.33 mil. Lago Castor LLC, led by Brian Cleary Douglass Family Trust Beaver Lake 3,640 Oct. 27 1999
$2.30 mil. Dalwarr LLC, led by Rex Warr Joe Don and Jennifer Joyce Downtown Bentonville 4,326 June 21 2009
$2.14 mil. Derek and Mary Glaze Roberts Lodge Bed & Breakfast LLC, led by Brad & Michele Roberts Little Sugar Estates 5,688 Aug. 25 2008
$2.10 mil. Ryan J. Efurd Revocable Trust Kendal and Sarah Briles Waterford Estates at Hissom Ranch 5,864 May 5 2016
$2.00 mil. Andrew Brown and Lauren Collins Courtney Schiro Beaver Lake 5,326 Feb. 23 2012
$2.00 mil. Riverwoods NWA5O Trust, led by Tom Baxter John and Celestine Eichler Bordeaux Village 6,000 Jan. 24 2007
$1.98 mil. Mario Augusto Neves and Danyela Salomao Lima Morhy John David and Rebecca Diane Mullins Estates at Southgate 4,500 Aug. 30 2020
$1.95 mil. Cristy Rutledge Revocable Trust Jesse Taylor Churchill 12,298 Nov. 21 2005
$1.94 mil. Frank & Ramsay Gorham Revocable Trust Marcus and Peggy Killebrew Estates at Southgate 4,684 May 3 2020
$1.93 mil. Naomi Smith Living Trust William McKinnie Revocable Trust West Wind 4,276 May 25 1979
$1.93 mil. Lisa and Mark Lemons William Blair Brady Holt 6,250 Jan. 3 2019
$1.85 mil. Ralph and Laura Pike Bryan Landen Portsmouth 5,129 May 30 2020
$1.80 mil. Jason and Lori Keathley Jack Bedford Beaver Lake 3,260 April 28 1999
$1.80 mil. Marcus and Peggy Killebrew Jianfei and Rong Lin Ozark Acres 4,483 June 15 2022
$1.80 mil. Christopher Haller Trust Charles and Shannon Holley Pinnacle 5,598 May 31 1996
$1.80 mil. Shannon Michael and Kristina Lambert Jeff and Wendy Martin Fayetteville Outlots 4,200 March 28 2022
$1.80 mil. Aaron Dewayne and Erin Lee Crawley Hunter and Jennifer Yurachek Summersby 7,068 Oct. 25 2009
$1.78 mil. Colin John and Danielle Marie Ryan Darren and Donna Field Pinnacle 6,557 Dec. 15 2010
$1.75 mil. Erik Trexler and Lorrie Brooke Mills Living Trust, led by David and Rebecca Mills Eddleston 5,060 July 17 1990
(Source: Benton & Washington counties’ real estate records; Researched by Marty Cook)
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