Amy Rauschenberger

21553 E Pegasus Parkway

Queen Creek, AZ
$ 2,900,000 Beds 4 Baths 4 Sq 4,329 Virtual Tour
Monthly Estimate* How much can I afford?

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.

Active

  • Price
  • $ 2,900,000
  • City
  • Queen Creek
  • Bedrooms
  • 4
  • Full Bathrooms
  • 3
  • County
  • MARICOPA
  • Half Bathrooms
  • 2
  • Area
  • Pegasus Air Park
  • Lot Size
  • 1.22 Acres
  • Zip
  • 85142
  • Sqr Footage
  • 4,329
  • Year Built
  • 2006
  • Taxes
  • $ 9092
  • Style
  • Spanish
  • MLS#
  • 7026094
Listed By: Compass; 480-776-1555
Data Source: Arizona Regional MLS (ARMLSN)

Features

General

Sewer Septic Tank
Heating Natural Gas
Cooling Central Air,Ceiling Fan(s)
Utilities SRP
Possession Close Of Escrow
Roof Tile,Built-Up
HOA Fee 326.36
Garage Spaces 3.0
Association Fee Includes Maintenance Grounds,Street Maint
Architectural Style Spanish
Pool Features Diving Pool,Heated
Construction Materials Stucco,Wood Frame,Block
Year Built 2006
View Mountain(s)
Township 2S
Property Subtype Single Family Residence
Tax Year 2025
Ownership Fee Simple
Community Features Gated,Runway Access
Assoc Fee Paid Per Quarterly
County Maricopa
New Construction No
Property Type Residential
HOA Yes
Attached Garage No
Energy Efficient Multi-Zones
Subdivision Name PEGASUS AIRPARK UNIT 1
Other Structures Guest House
Special Listing Conditions N/A
Status Active
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.
High School Queen Creek High School
City Queen Creek
Disclosures Other (See Remarks),Seller Discl Avail,Vicinity of an Airport
Association Name Pegasus Airpark
High School District Queen Creek Unified District
Open Parking Spaces 4.0
Lot Size Units Square Feet
Lot Size Square Feet 53341.0
Carport Spaces 0.0
Carport Y/N No
Spa Features Heated,Private
Elementary School Queen Creek Elementary School
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 9092.0
Home Warranty Y/N No
Middle/Junior High School Queen Creek Junior High School
Lease Renewal Y/N No
Lease Considered Y/N No
Rent Control Y/N No
Virtual Tour https://www.zillow.com/view-imx/66c9ebdb-7de0-40fd-ba74-0de816a8b8b2?initialViewType=pano&utm_source=dashboard
AssociationName2 Pegasus Flight Assoc
Builder Name Alden Custom Home
Standard Status Active
Occupancy Type Owner
Elementary School District Queen Creek Unified District
Tax Lot 40
MobileHomeRemainsYN No
New Financing: Conventional True
Senior Community No
Ttl Monthly Fee Equiv 175.62
New Financing Cash True

Interior Features

Interior Amenities Walk-in Pantry,High Speed Internet,Granite Counters,Double Vanity,Eat-in Kitchen,Central Vacuum,Kitchen Island,Pantry,Separate Shwr & Tub
Basement Finished,Full
Flooring Carpet,Tile
Fireplace Features Family Room,Living Room,Gas
Total Stories 1
Air Conditioning Y/N Yes
Heating Y/N Yes
Window Features Dual Pane,Wood Frames
Fireplace Y/N Yes
Laundry Features Inside,Gas Dryer Hookup
Total Bedrooms 4
LivingAreaSource Assessor
Total Baths 5
Bedrooms Possible 5
Other_sp_Rooms_co_Family_sp_Room True
Other_sp_Rooms_co_Great_sp_Room True
Other_sp_Rooms_co_Guest_sp_Qtrs_hyphen_Sep_sp_Entrn True
Built-in Microwave True
Kitchen Island True
Multiple Ovens True
Pantry True
Reverse Osmosis True
Walk-in Pantry True

Exterior Features

Exterior Amenities Other,Private Yard
Fencing Block,Wrought Iron
Parking Features Garage Door Opener,Extended Length Garage,Attch'd Gar Cabinets,Hangar,Over Height Garage
Lot Features North/South Exposure,Sprinklers In Rear,Sprinklers In Front,Desert Back,Desert Front,Grass Front,Grass Back
Water Source Public
Lot Size Area 53341.0
Spa Yes
Lot Size Acres 1.22
Lot Size Source Assessor
Waterfront Y/N No
Covered Spaces 3.0
Crops Included Y/N No
Road Responsibility Private Maintained Road
Horse Y/N No
Irrigation Water Rights Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Gilbert, AZ office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Queen Creek Elementary School
Middle School Queen Creek Junior High School
High School Queen Creek High School

Price History

5/29/2026 Listed $2,900,000

Property vs Zip Code Average in 85142

Price
AVG $980K
$2.9M
Taxes
AVG $2,822
$9,092
Year Built
AVG 2017
2006
Visits
AVG 236
186
Data Provided by Inside Real Estate®

In The Neighborhood

Areas That We Cover

21553 E Pegasus Parkway Queen Creek, AZ is a Single Family Home for sale at $2900000 with 4329 sqft and a lot size of 1.22 Acres Acre(s). 21553 E Pegasus Parkway Queen Creek has 4 bedrooms, 3 baths and was built in 2006. The property's zip code is 85142 which is in Queen Creek, AZ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Amy Rauschenberger

Amy Rauschenberger

480-406-3335

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