$2,900,000

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.… Read More $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. Read Less

Courtesy of Compass 480-776-1555

Listing Snapshot

Days Online

136

Last Updated

Sep 12, 2026

Property Type

Single Family Residence

Beds

Full Baths

Partial Baths

Square Ft.

4,329

Lot Size

1.22 Acres

Year Built

2006

MLS Number

7026094

Additional Details

Property Access

Road Responsibility: Private Maintained Road

Appliances & Equipment

Dryer, Washer, Water Softener Owned, Reverse Osmosis, Refrigerator, Built-in Microwave, Dishwasher, Disposal, Gas Cooktop, Water Purifier

Basement

Finished, Full

Building

Built in 2006, Living area: 4329.0, 1 storey, Construction Materials: Stucco, Wood Frame, Block

Community

Gated, Runway Access

Cooling

Central Air, Ceiling Fan(s)

Disclosures

Other (See Remarks), Seller Discl Avail, Vicinity of an Airport

Energy Saving

Energy Efficiency: Multi-Zones

Exterior Features

Patio/Porch Features: Covered Patio(s), Private Yard

Fence

Block, Wrought Iron

Fireplaces

2 fireplaces, Family Room, Living Room, Gas

Floors

Carpet, Tile

Garage

3 spaces

Heating

Natural Gas

Home Owner's Association

Association Fee: $326.36, Fee Frequency: Quarterly, 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

Lot

1.22 acres, North/South Exposure, Sprinklers In Rear, Sprinklers In Front, Desert Back, Desert Front, Grass Front, Grass Back

Parking

3 covered spaces, 4 open parking spaces, Garage Door Opener, Extended Length Garage, Attch'd Gar Cabinets, Hangar, Over Height Garage

Pool

Diving Pool, Heated

Property

Other structures: Separate Guest House, Mountain(s)

Roof

Tile, Built-Up

Sewer

Septic Tank

Taxes

Parcel Number: 304-91-329, Public Survey Range: 7E, Public Survey Section: 34, Annual Amount: $9,092, Tax Book Number: 304.00, Legal Description: LOT 40 PEGASUS AIRPARK UNIT 1 MCR 055603, Lot: 40, Map Number: 91.00, Year: 2025

Utilities

Water Source: City Water

Windows

Dual Pane, Wood Frames

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21553 E PEGASUS Parkway

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