Bull Shoals is a city in Marion County, Arkansas, United States, founded in 1954.

The developers bought several tracts of the former Newton Flat settlement when they learned that the government planned to build a flood-control and power-generating concrete dam at the site.

The southeast border of the city, in the White River, is the Baxter County line.

Highway 178 leads east 9 miles (14 km) to Midway and south the same distance to Flippin.

Liquidforce and Brostock 2010[9] chose Bull Shoals as the location of their professional wakeboarding tournament in July 2010 and June 2011.

Surf the Bull, an annual grassroots wakesurfing event and competition, is hosted by Bull Shoals Lake Boat Dock and presented by several members of the wakesurfing community every summer in late July/early August.

The lake has also hosted numerous professional bass and walleye fishing tournaments over the years.

Incoming District 17 Arkansas State Senator Scott Flippo is a businessman in Bull Shoals but resides in his native Mountain Home.