21553 E Pegasus Parkway, Queen Creek, AZ 85142

$2,900,000
4
BD
5
BA
4,329
SqFt

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List Price
$2,900,000
Days on Market
79
Status
ACTIVE
MLS#
7026094
City
Queen Creek
Bedrooms
4
Bathrooms
5
Living SQFT
4,329
Lot Size
53,341
Subdivision
Pegasus Airpark Unit 1
Year Built
2006
Type
Single Family Residence

Property Description

Rare offering in Queen Creek's prestigious Pegasus Airpark, where refined desert living meets private aviation. This estate offers direct taxi access to the private runway, a Santa Barbara-style residence with an appointed finished basement, and an impressive nearly 3,000 sq. ft. hangar with dual offices, kitchenette & bath. With approx. $775K in recent enhancements, the home showcases remodeled kitchen & baths, generous living spaces, elevated finishes, and seamless indoor/outdoor flow. The newly renovated resort-style yard features an expanded pool, new spa, and elegant outdoor spaces designed for entertaining or relaxing. A distinctive lifestyle property offering luxury, privacy, scale, aviation convenience, and everyday comfort in one remarkable setting in a premier fly-in community. Pegasus Airpark Community & Property Highlights Pegasus Airpark is a gated private runway community designed around the aviation lifestyle, offering residents the rare ability to taxi directly from their property to the runway. Known for its longer-than-average runway, reduced fuel costs, and no landing fees, Pegasus remains one of Arizona's most unique residential airpark communities. 21553 E Pegasus Pkwy combines aviation functionality with extensive recent improvements and resort-style living. Property Highlights " Approx. 4,300 sq ft residence including finished basement " Approx. 2,982 sq ft aircraft hangar " Hangar dimensions approx. 68.4' x 42.4' " Hangar includes dual offices, kitchenette, and bathroom " Direct taxiway access from property to runway " Refreshed Santa Barbara-inspired exterior " Recently updated kitchen and bathroom improvements " Andersen sliding doors creating enhanced indoor/outdoor flow " Three new HVAC systems " HVAC added to garage/hangar support areas " New garage doors and entry gates " Extensive front and backyard landscape redesign " Expanded pool and spa renovation " Outdoor Ramada and entertaining spaces " Updated irrigation system " Decorative landscape enhancements throughout property " Oversized homesite with generous outdoor living space Additional Notes The property has undergone approximately $775,000 in recent improvements and enhancements, thoughtfully elevating both the home and grounds while maintaining the warmth and character of the original architecture. The combination of substantial hangar space, finished basement, direct runway access, and extensive recent upgrades creates a rare opportunity within the Pegasus Airpark community.

Additional Information

Elementary School
Queen Creek Elementary School
High School
Queen Creek High School
Middle School
Queen Creek Junior High School
Acres
1.22
Architecture
Spanish
Assoc Fee Includes
Maintenance Grounds, Street Maint
Hoa Fee
$326
Hoa Fee Frequency
Quarterly
Hoa
Yes
Hoa Name
Pegasus Airpark
Basement Description
Finished, Full
Builder Name
Alden Custom Home
Community
Pegasus Air Park
Community Features
Gated, Runway Access
Construction
Block, Wood Frame, Stucco
Cooling
Ceiling Fan(s), Central Air
Exterior Features
Private Yard, Other
Fencing
Wrought Iron, Block
Fireplace
Family Room, Living Room, Gas
Flooring
Carpet, Tile
Garage Spaces
3
Guest House SqFt
2980
Heating
Natural Gas
Laundry
Inside, Gas Dryer Hookup
Living Area
4,329
Lot Size
53,341
New Financing
Cash, Conventional
Other Rooms
Family Room, Great Room, Guest Qtrs-Sep Entrn, Separate Workshop
Parking Features
Over Height Garage, Extended Length Garage, Garage Door Opener, Attch'd Gar Cabinets, Hangar
Lot Features
North/South Exposure, Desert Front, Desert Back, Sprinklers In Front, Sprinklers In Rear, Grass Front, Grass Back
Roofing
Built-Up, Tile
Pool
Yes
Spa
Private, Heated
Stories
1
Style
Spanish
Subdivision
Pegasus Airpark Unit 1
Taxes
$9,092
Tax Year
2025
Water
Public

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