$2,900,000
Queen Creek, AZ 85142
MLS# 7026094
4 beds | 4 baths
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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 beautifully upgraded 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 and 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
Details
Maps
Documents
Contract Information
List Price: $2,900,000
Status: Active
Current Price: $2,900,000
List Date: 2026-05-09
Type: Exclusive Right To Sell
Ownership: Fee Simple
Co-Ownership (Fractional) Agreement YN: No
Location Tax Legal
House Number: 21553
Compass: E
Street Name: PEGASUS
St Suffix: Parkway
City/Town Code: Queen Creek
State/Province: AZ
Zip Code: 85142
Zip4: 7963
Country: US
County Code: Maricopa
Assessor Number: 304-91-329
Subdivision: PEGASUS AIRPARK UNIT 1
Tax Year: 2025
General Property Description
Dwelling Type: Single Family Residence
Dwelling Styles: Detached
Exterior Stories: 1
# of Interior Levels: 1
# Bedrooms: 4
Full Bathrooms: 3
Half Bathrooms: 1
Total Bathrooms: 4
Approx SQFT: 4329
Price/SqFt: 669.9
Guest House SqFt: 2980
Horses: Y
Builder Name: Alden Custom Home
Year Built: 2006
Approx Lot SqFt: 53341
Approx Lot Acres: 1.225
Flood Zone: No
Community Pool Y/N: No
Private Pool Y/N: Yes
Fireplace YN: Yes
Fireplaces Total: 2
Planned Comm Name: Pegasus Air Park
Marketing Name: Pegasus Air Park
Elementary School District: Queen Creek Unified District
High School District: Queen Creek Unified District
Elementary School: Queen Creek Elementary School
Jr. High School: Queen Creek Junior High School
High School: Queen Creek High School
Remarks Misc
Cross Street: Ellsworth and Empire
Directions: South on Ellsworth, between San Tan Blvd and Empire. East on Pegasus Parkway, north on S Achilles Way, east on Pegasus. Home is on your right.
Geo Lat: 33.21129
Geo Lon: -111.618022
Legal Info
Township: 2S
Range: 7E
Section: 34
Lot Number: 40
Association Fees
Association Fee 2: 200.5
Basement
Basement Y/N: Y
Items Updated
Plmbg Yr Updated: 2025
Plmbg Partial/Full: Partial
Ht/Cool Yr Updated: 2022
Ht/Cool Partial/Full: Full
Roof Yr Updated: 2022
Roof Partial/Full: Partial
Kitchen Yr Updated: 2026
Kitchen Partial/Full: Full
Bath(s) Yr Updated: 2026
Bath(s) Partial/Full: Full
Pool Yr Updated: 2025
Pool Partial/Full: Full
Parking Spaces
Garage Spaces: 3
Slab Parking Spaces: 4
Total Covered Spaces: 3
Showing Notification Methods
Showing Service: Aligned Showings
Property Features
Special Listing Cond: N/A
Architecture: Spanish
View: Mountain(s)
Master Bathroom: Separate Shwr & Tub; Double Vanity; Private Toilet Room
Master Bedroom: Split
Additional Bedroom: Other Bedroom Split; Other Bedroom Downstairs; Master Bedroom Walk-in Closet
Fireplace Features: Fireplace Family Rm; Fireplace Living Rm; Gas Fireplace
Flooring: Carpet; Wood
Window Features: Dual Pane; Wood Frames
Private Pool Features: Diving Pool; Heated
Spa: Private; Heated
Community Features: Gated; Runway Access
Dining Area: Formal; Eat-in Kitchen; Dining in LR/GR; Dining in FR
Kitchen Features: Gas Cooktop; Disposal; Dishwasher; Built-in Microwave; Refrigerator; Reverse Osmosis; Multiple Ovens; Pantry; Walk-in Pantry; Granite Counters; Kitchen Island
Laundry: Washer Included; Dryer Included; Gas Dryer Hookup; Inside
Basement Description: Finished; Full
Other Rooms: Family Room; Great Room; Guest Qtrs-Sep Entrn; Separate Workshop
Interior Features: Central Vacuum; Fire Sprinkler System; Water Softener Owned; Water Purifier
Technology: Pre-Wire Srnd Snd; Cable TV Avail; High Speed Internet; Ntwrk Wrng Multi Rms
Exterior Features: Covered Patio(s); Pvt Yrd(s)/Crtyrd(s); Separate Guest House; Other
Parking Features: Attch'd Gar Cabinets; Extended Length Garage; Garage Door Opener; Hangar; Over Height Garage
Road Responsibility: Private Maintained Road
Construction: Block; Wood Frame
Const - Finish: Stucco
Roofing: Built-Up; Tile
Cooling: Central Air; Ceiling Fan(s)
Heating: Natural Gas
Plumbing: Gas Hot Water Heater
Utilities: SRP; SW Gas
Water Source: City Water
Sewer: Septic Tank
Services: City Services
Fencing: Wrought Iron; Block
Property Description: North/South Exposure
Landscaping: Desert Front; Desert Back; Grass Front; Grass Back; Yrd Wtring Sys Front; Yrd Wtring Sys Back
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: Supra
Possession: Close of Escrow
Association Fee Incl: Common Area Maint; Street Maint
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; Conventional
Disclosures: Seller Discl Avail; Vicinity of an Airport; Other (See Remarks)
Supplements
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.
Listing Office: Compass
Last Updated: May - 29 - 2026
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