About 21553 E PEGASUS Parkway, Queen Creek, Arizona, 85142
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.
Water Source : Public
Community Features : Gated, Runway Access
HOA :
AssociationFee : 326.36
Association Fee Frequency : Quarterly
Parking Features: Over Height Garage, Extended Length Garage, Garage Door Opener, Attch'd Gar Cabinets, Hangar
3 Garage Spaces
Fencing : Wrought Iron, Block
Exterior Features: Private Yard, Other
Lot Features : North/South Exposure, Desert Front, Desert Back, Sprinklers In Front, Sprinklers In Rear, Grass Front, Grass Back
Patio And Porch Features : Covered Patio(s)
Architectural Style : Spanish
Pool Features: Diving Pool, Heated
Spa Features: Private, Heated
Cooling: Ceiling Fan(s), Central Air
Heating : Natural Gas
Construction Materials: Block, Wood Frame, Stucco
Interior Features: Separate Shwr & Tub, Double Vanity, Eat-in Kitchen, Pantry, Kitchen Island, Walk-in Pantry, Granite Counters, High Speed Internet, Central Vacuum
Fireplace Features: Family Room, Living Room, Gas
Fireplaces Total : 2
Basement Description : Finished, Full
Appliances : Dishwasher, Disposal, Refrigerator, Gas Cooktop, Microwave, Reverse Osmosis, Washer, Dryer, Water Softener Owned, Water Purifier
Windows Features: Wood Frames, Dual Pane
Flooring : Carpet, Tile
LaundryFeatures : Inside, Gas Dryer Hookup
Green Energy Efficient : Multi-Zones
Other Structures: Guest House
Water Source : Public
Community Features : Gated, Runway Access
HOA :
AssociationFee : 326.36
Association Fee Frequency : Quarterly
Parking Features: Over Height Garage, Extended Length Garage, Garage Door Opener, Attch'd Gar Cabinets, Hangar
3 Garage Spaces
Fencing : Wrought Iron, Block
Exterior Features: Private Yard, Other
Lot Features : North/South Exposure, Desert Front, Desert Back, Sprinklers In Front, Sprinklers In Rear, Grass Front, Grass Back
Patio And Porch Features : Covered Patio(s)
Architectural Style : Spanish
Pool Features: Diving Pool, Heated
Spa Features: Private, Heated
Cooling: Ceiling Fan(s), Central Air
Heating : Natural Gas
Construction Materials: Block, Wood Frame, Stucco
Interior Features: Separate Shwr & Tub, Double Vanity, Eat-in Kitchen, Pantry, Kitchen Island, Walk-in Pantry, Granite Counters, High Speed Internet, Central Vacuum
Fireplace Features: Family Room, Living Room, Gas
Fireplaces Total : 2
Basement Description : Finished, Full
Appliances : Dishwasher, Disposal, Refrigerator, Gas Cooktop, Microwave, Reverse Osmosis, Washer, Dryer, Water Softener Owned, Water Purifier
Windows Features: Wood Frames, Dual Pane
Flooring : Carpet, Tile
LaundryFeatures : Inside, Gas Dryer Hookup
Green Energy Efficient : Multi-Zones
Other Structures: Guest House

Street Address: 21553 E PEGASUS Parkway
City: Queen Creek
State: Arizona
Postal Code: 85142
County: Maricopa
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.

Property Information :
Listing Status: Active
Size: 4,329 Sqft
Lot Size: 1.22 Acres
MLS #: 7026094
Bedrooms: 4 bd
Bathrooms: 4 ba
Price: $2,900,000
Tax Amount: 9092
Construction Status: Built in 2006
Last Modified : Jun 14 2026 6:46AM

Courtesy of: Ken Gould, Compass (MLS# laun001)
Source MLS: ARMLS-SA