Gated Private Peninsula On Milwood Lake In Arkansas


Teaming with fish, deer, turkey, ducks, alligators, and outdoor recreation opportunities. This property forms a private peninsula on Millwood Lake.  It has creeks, large deep ponds, timber, pasture, trails, and lots of privacy. Build your dream home on a hillside overlooking your own private lake, start your own hunting lodge or commercial big game ranch, or simply enjoy all this large rural has to offer the choices are unlimited. Develop food plots, fish the lakes, hunt alligators, construct duck blinds in flooded timber, this property is large enough to accommodate any plans you can imagine. The property is mostly woody with several acres of brushy pasture that can easily be cleaned up with some mowing to start a small cattle operation or plant some food plots along the creek to start growing better deer and turkey populations. Few properties of this size come up for sale in the state especially with water frontage along Millwood Lake.

Millwood Lake is mainly recognized for its beauty and fishing. There are 15 recreational parks around the lake to provide campers with picnic areas, boat ramps, swimming areas, showers, and restrooms. Millwood is a superb place to fish, mainly due to its 35,000 acres of submerged timber. Millwood has also been known as one of the best bass fishing lakes in the United States.

Until the late 1980s, this property and the town of Okay was home to a major limestone mining operation located on this peninsula on the east side of Millwood Lake. Most of what remained of the once-thriving company town, founded in the late 1920s, had almost disappeared. In 1926, Ideal Cement Company, purchased this remote site in Howard County and was chosen due to its rich deposits of limestone and chalk. A railroad spur necessary for moving in equipment was first built connecting the site to the main railroad line. Cement foundations were poured in November 1928. Almost a year later, the $1 million Arkansas Portland O. K. Cement Company was dedicated with an explosion of a 20,200-pound dynamite blast at the new quarry. On October 2, 1929, less than a month before the stock market crash, the plant began production.  October 2, the first 125 carloads of cement were shipped. The original capacity of the plant was approximately 4 million sacks a year. While the plant was under construction, an employee village of some forty small homes was also built. Named after the company’s OK brand cement, it included everything needed by residents. Indoor water, sewer, electricity, and gas were available, with water and electricity provided free by the company. On February 11, 1930, a post office opened. The Okay Mercantile, provided shopping opportunities for the residents. On the second floor of the store was a meeting hall, and church services were held there for a time. A separate clubhouse was provided for management. Recreational facilities were built for tennis, golf, croquet, basketball, and baseball. On May 24, 1936, a baseball diamond, home of the company team the Okay Cementers, opened. The Cementers became one of the area’s best semi-professional teams. During plant construction, an agreement was struck with the nearby Saratoga Special District to build a school for grades 1–6 at Okay on land donated by the company. The Depression-era Works Progress Administration (WPA) constructed a gym in 1939. In 1963, as the company began to cut back, all students were sent to Saratoga. During the Great Depression, the plant was forced to close intermittently. The plant remained in operation for more than sixty years. By 1959, the size of the Okay plant had doubled. In the early 1960s, the self-contained company town was slowly disappearing, and employees were encouraged to live elsewhere. In 1960, the clubhouse and store were demolished. By the end of 1972, only the plant, a church, and the manager’s house remained. The town had never numbered more than 150 citizens, but, by 1977, it was home to only two.

The rich history adds value to this large tract along with rail access, utilities, cement access road, wildlife habitat, and beautiful lake views create and truly dynamic and unique outdoor recreational property. This property has been under commercial ownership since 1926 and is now available for purchase. Call today to request a tour and discuss land improvement possibilities. 

Property Details

  • Gated entrance and concrete driveways
  • Two large resersoirs stocked with fish and very suitable new home sites along its shoreline
  • Older pasture area suitable for livestock or wildlife food plots
  • Mostly timber across entire farm with a diverse age class structure and species composition
  • Ideal hunting stand and food plot locations
  • Private peninsula on Millwood Lake
  • Property is suitable to be split into smaller manageable timber and hunting farms

Okay Road
Okay, Arkansas 71859