MLS# 7026094 – 21553 E Pegasus Parkway, Queen Creek, AZ 85142

$2,900,000 - 4Br/5Ba - for Sale in Pegasus Airpark Unit 1, Queen Creek
Price: $2,900,000
Beds: 4
Baths: 3 full, 2 half
Living Area SqFt: 4,329
Status: Active
Property Type: Single Family Residence
Lot Size Acres: 1.22
Lot Size SqFt: 53,341
Year Built: 2006
Neighborhood: Pegasus Airpark Unit 1
Days on Website: 27

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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.

Property Details and Features

  • Appliances & Equipment
  • “Dryer”
  • “Washer”
  • “Water Softener Owned”
  • “Reverse Osmosis”
  • “Refrigerator”
  • “Built-in Microwave”
  • “Dishwasher”
  • “Disposal”
  • “Gas Cooktop”
  • “Water Purifier”
  • Basement
  • “Finished”
  • “Full”
  • Bathrooms
  • 2 half bathrooms
  • 3 full bathrooms
  • 5 total bathrooms
  • Bedrooms
  • 4 total bedrooms
  • Building
  • Built in 2006
  • Architectural style: “Spanish”
  • Living area: 4329
  • Construction materials: “Stucco”, “Wood Frame”, “Block”
  • Other structures: “Separate Guest House”
  • Cooling
  • “Central Air”
  • “Ceiling Fan(s)”
  • Exterior Features
  • “Private Yard”
  • Fence
  • “Block”
  • “Wrought Iron”
  • Fireplaces
  • “Family Room”
  • “Living Room”
  • “Gas”
  • 2 total fireplaces
  • Floors
  • “Carpet”
  • “Tile”
  • Garage
  • 3 spaces
  • Heating
  • “Natural Gas”
  • Home Owner’s Association
  • Association fee: $326
  • Association fee frequency: Quarterly
  • Association fee includes: “Maintenance Grounds”, “Street Maint”
  • Interior Features
  • “Walk-in Pantry”
  • “High Speed Internet”
  • “Granite Counters”
  • “Double Vanity”
  • “Eat-in Kitchen”
  • “Central Vacuum”
  • “Kitchen Island”
  • “Pantry”
  • “Separate Shwr & Tub”
  • Laundry
  • “Inside”
  • “Gas Dryer Hookup”
  • Listing
  • Listing ID: 7026094
  • Standard status: Active
  • 25 days on market
  • Location
  • Subdivision name: PEGASUS AIRPARK UNIT 1
  • Lot
  • 1.22 acres
  • 53,341 sqft
  • “North/South Exposure”
  • “Sprinklers In Rear”
  • “Sprinklers In Front”
  • “Desert Back”
  • “Desert Front”
  • “Grass Front”
  • “Grass Back”
  • Energy Saving
  • Green energy efficient: “Multi-Zones”
  • Parking
  • “Garage Door Opener”
  • “Extended Length Garage”
  • “Attch’d Gar Cabinets”
  • “Hangar”
  • “Over Height Garage”
  • Pool
  • “Diving Pool”
  • “Heated”
  • Possession
  • “Close Of Escrow”
  • Property
  • Patio and porch features: “Covered Patio(s)”
  • View: “Mountain(s)”
  • Roof
  • “Tile”
  • “Built-Up”
  • Schools
  • Elementary school: Queen Creek Elementary School
  • High school: Queen Creek High School
  • High school district: Queen Creek Unified District
  • Sewer
  • “Septic Tank”
  • Taxes
  • Annual amount: $9,092
  • Lot: 40
  • Windows
  • “Dual Pane”
  • “Wood Frames”

Property Map

$2,900,000 – 21553 E Pegasus Parkway, Queen Creek, AZ 85142

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This content last updated on June 26, 2026 12:12AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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