LKV Realty
Logo
$2,900,000
$6,800Reward *
21553 E PEGASUS Parkway, Queen Creek, AZ 85142Listing ID 7026094

21553 E PEGASUS Parkway, Queen Creek, AZ 85142

Active
PEGASUS AIRPARK UNIT 1
Time on site: 100 daysLast updated: 5 days ago
Property Type
Property Type
Residential
Property Sub Type
Property Sub Type
Single Family Residence
Bedrooms
Bedrooms
4
Bathrooms
Bathrooms
5
Square Feet
Square Feet
4,329
Acres
Acres
1.22
Days on Site
Days on Site
79
Cooling
Cooling
Central Air, Ceiling Fan(s)
Heating
Heating
Natural Gas
Year Built
Year Built
2006
Garages
Garages
3
Parking
Parking
Garage Door Opener, Extended Length Garage, Attch'd Gar Cabinets, Hangar, Over Height Garage

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 Information

Property Details

Location

Address
21553 E PEGASUS Parkway
County
Maricopa
City
Queen Creek
Zip Code
85142
Subdivision
PEGASUS AIRPARK UNIT 1
School District
Queen Creek Unified District
High School
Queen Creek High School
Elementary School
Queen Creek Elementary School

Interior Features

Beds and Baths

Bedrooms
4

Building

Building Information

Square Feet
4,329
Year Built
2006
Construction
Stucco, Wood Frame, Block
Roof
Tile, Built-Up
Builder Name
Alden Custom Home

Financial

Special Conditions
N/A

Property Taxes

Tax Annual Amount
$9,092
Tax Year
2025

Homeowner Association

HOA Fee
$326
HOA Fee Frequency
Quarterly
Compass, (480) 776-1555

Market Report for 85142

* The market data shown is based on available information from Multiple Listing Service (MLS) and/or public records. Data provided is for informational and educational purposes only and may not represent the full housing market. For more accurate information, consumers should consult a certified appraiser or licensed real estate agent.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: Arizona Regional MLS
Arizona Regional MLS logo

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

For corrections to this data please contact Brytecore MLS Support.

kg245