Petrino Breaks Even in Sale of Benton County Lake Home

by Paul Gatling ([email protected]) 171 views 

Former Arkansas head football coach Bobby Petrino has sold his home on Beaver Lake for $600,000.

According to a warranty deed filed Tuesday at the Benton County Courthouse, Duncan MacNaughton, chief merchandising officer for Wal-Mart U.S., and his wife, Cynthia, are the new owners of the lakefront property in eastern Benton County.

Petrino and his wife, Becky, bought the 2,532-SF home and 2.91 acres on Cedar Forest Drive in Garfield for $600,000 in June 2008, the summer before his first season coaching the Razorbacks.

The sellers were William and Lisa McCullough. That purchase was tied to a 30-year mortgage worth $480,000 held by Signature Bank of Arkansas.

The home sits on a 1.07-acre lot and includes two extra lots as well as a private boat dock with four slips.

It didn’t take long for the former coach to get out from under the property. Petrino coached the Razorbacks for four seasons before being fired April 10.

Athletics director Jeff Long cited Petrino’s misleading and deceptive behavior in an attempt to cover up an affair with a female member of his football staff. The revelations came in the wake of a motorcycle crash April 1 in rural Madison County that sent Petrino to the hospital.

Four days later, the accident report released by the Arkansas State Police revealed Petrino had a passenger, Jessica Dorrell, who the coach previously did not mention while recalling the events of the accident.

It was later revealed Petrino, 51, and Dorrell, 25, were having an inappropriate relationship for several months.

Petrino hired the former UA volleyball player in March to serve as student-athlete development coordinator. She had previously worked as a fundraiser for the Razorback Foundation. Dorrell has since resigned from her job with the football staff.

Because he was fired for cause, Petrino forfeited his salary of roughly $3.5 million per year through 2017. The football coach was given a seven-year contract extension at the end of the 2010 regular season, just before coaching the Razorbacks against Ohio State University in the 2011 Sugar Bowl in New Orleans.

Petrino is finding the market significantly tougher to unload his primary residence. The Petrino home at 4518 E. Bridgewater Lane in east Fayetteville, bought in March 2008 for $2.5 million, is still on the market.

It’s been listed for almost two years as the family had hoped to downsize.

The two-story, 8,741-SF home has six bedrooms and is currently listed with Kendall Riggins with Lindsey & Associates in Fayetteville for a reduced price of $1.99 million.