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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 Type(s):
Single Family
| Last Updated | 5/29/2026 | Tract | PEGASUS AIRPARK UNIT 1 |
|---|---|---|---|
| Year Built | 2006 | Community | PEGASUS AIRPARK UNIT 1 |
| Garage Spaces | 3.0 | County | Maricopa |
SCHOOLS
| Elementary School | Queen Creek Elementary School |
|---|---|
| Jr. High School | Queen Creek Junior High School |
| High School | Queen Creek High School |
Additional Details
| AIR | Ceiling Fan(s), Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AMENITIES | Airport/Runway, Gated |
| APPLIANCES | Dishwasher, Disposal, Dryer, Gas Cooktop, Microwave, Refrigerator, Washer, Water Purifier, Water Softener Owned |
| BASEMENT | Finished, Full, Yes |
| CONSTRUCTION | Block, Frame, Stucco |
| EXTERIOR | Guest House, Other, Private Yard |
| FIREPLACE | Yes |
| GARAGE | 3 Space(s), Attached Garage, Garage Door Opener, Yes |
| HEAT | Natural Gas |
| INTERIOR | Central Vacuum, Double Vanity, Eat-in Kitchen, Granite Counters, High Speed Internet, Kitchen Island, Pantry |
| LOT | 1.22 acre(s) |
| LOT DESCRIPTION | Desert Back, Desert Front, Sprinklers In Front, Sprinklers In Rear |
| PARKING | Garage Door Opener |
| POOL | Yes |
| POOL DESCRIPTION | Heated |
| SEWER | Septic Tank |
| STORIES | 1 |
| STYLE | Spanish |
| SUBDIVISION | PEGASUS AIRPARK UNIT 1 |
| TAXES | 9092 |
| UTILITIES | Cable Available |
| VIEW | Yes |
| VIEW DESCRIPTION | Mountain(s) |
| WATER | Public |
Location
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Listed with Compass
The ARMLS logo indicates a property listed by a real estate brokerage other than Keller Williams.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
Data last updated 9/6/26 3:46 AM PDT.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
Data last updated 9/6/26 3:46 AM PDT.
This IDX solution is (c) Diverse Solutions 2026.
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