I don't know Arkansas laws so check that out first, then explore what size watershed is available to your potential pond and you are on the right track being concerned with the soil types. A 1.5 acre lot probably does not have a lot of options for location and pond size. An excessive watershed will not be a good thing...too much water flow through the pond can be challenging with respect to maintaining the dam/overflow system and can lead to a muddier pond that will fill in sooner than later...too little watershed and the pond dries up or never fills. Not to mention, with a smaller lot (1.5 acres), you will not have much control over the water shed. Of course, these watershed comments only apply to watershed ponds, unlike groundwater ponds.

Welcome to the forums by the way!

Fish on!,
Noel