This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/87
$3,500,000
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/87
Property Description
Experience an extraordinary blend of luxury, craftsmanship, and aviation at one of Pegasus Airpark's most exceptional custom estates. Perfectly positioned on more than 1.16 acres with direct taxiway access and on-site fuel availability, this remarkable Rainey Homes custom build residence, completed in 2021, offers an unparalleled fly-in lifestyle within one of Arizona's most prestigious gated aviation communities. Designed for both elegant entertaining and effortless everyday living, this single-level estate spans 3,646 square feet and features four spacious bedrooms, four beautifully appointed bathrooms, a private executive office, an expansive game room, and separate guest quarters ideal for extended family or visitors. Every inch of the home showcases superior craftsmanship and ......timeless design. Stunning rift-sawn inset cabinetry, exquisite quartzite countertops, premium Monogram appliances, designer tile flooring, soaring ceilings, California Closets throughout, climate controlled 3-car garage, and a concealed walk-in pantry create a refined yet highly functional living experience. The expansive great room seamlessly connects to the chef's kitchen, creating an inviting atmosphere that embraces Arizona's indoor-outdoor lifestyle. A true centerpiece of the property is the impressive 50' x 60' fully insulated, climate-controlled aircraft hangar. Designed with versatility in mind, it features a 60-foot one-piece hydraulic aircraft door, an additional front RV door, durable epoxy flooring, spray foam insulation, direct rear taxiway access, and convenient on-site fuel access. Whether you're an aviation enthusiast, aircraft owner, automobile collector, RV owner, or passionate hobbyist, this extraordinary space offers endless possibilities rarely found in residential real estate. Step outside into your own private resort-inspired retreat. Enjoy a heated diving-depth pool and spa, built-in outdoor kitchen with BBQ, expansive covered patio, inviting fire feature, professionally designed desert landscaping, lush synthetic turf, and breathtaking mountain views that provide the perfect backdrop for year-round Arizona living. Located within the exclusive gated Pegasus Airpark in Queen Creek--one of Arizona's premier residential aviation communities--this exceptional estate offers far more than a luxury home. It presents a rare opportunity to embrace a lifestyle defined by freedom, sophistication, adventure, and the convenience of direct fly-in, fly-out access. This is luxury living without compromise.
Full Property Details
Full Property Details for 21257 E Pegasus Pkwy
General
- Price: $3,500,000
- HOA FEE: $109/month
- HOA FEE FREQ.: Quarterly
- Taxes: $7,720 (2025)
- Status: Active
- Type: Single Family
- Source: ARMLS_Arizona_MLS_Phoenix_Area
- MLS ID: 7044856
- Updated: 7/7/2026
- Added to Site: 49 day(s) ago
Interior
- Interior Features: Walk-in Pantry, Non-laminate Counter, High Speed Internet, Double Vanity, Breakfast Bar, 9+ Flat Ceilings, No Interior Steps, Vaulted Ceiling(s), Kitchen Island, Pantry, Full Bth Master Bdrm, Separate Shwr & Tub
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Fire Pit, Gas
- Appliances: Stacked Washer/Dryer, Water Softener Owned, Reverse Osmosis, Refrigerator, Built-in Microwave, Dishwasher, Disposal, Gas Range, Gas Oven
- Flooring: Tile
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 3
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 4
Other Rooms
- Laundry: Inside, Gas Dryer Hookup, Wshr/Dry HookUp Only
Additional Information
- Pool: Yes
- Pool Description: Variable Speed Pump, Outdoor, Diving Pool, Fenced, Heated
- Security/Safety: Security System Owned
Exterior
- Exterior Features: Rain Gutters, Other, Private Street(s), Private Yard, Storage, Built-in Barbecue, RV Hookup
Parking
- Garage: Yes
- Garage Spaces: 10
- Parking Features: Attached Garage, Detached Garage, RV Access/Parking, Gated, RV Gate, Garage Door Opener, Extended Length Garage, Direct Access, Attch'd Gar Cabinets, Hangar, Over Height Garage, Rear Vehicle Entry, Separate Strge Area, Temp Controlled, Golf Cart Garage, RV Garage
Location
- County: Maricopa
- Township: 2S
- Subdivision: PEGASUS AIRPARK UNIT 1
- Cross Streets: Ellsworth & Empire
Community
- Association: Yes
- Assoc. Name: Pegasus Airpark
- Assoc. Fees Include: Maintenance Grounds, Street Maint
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s), Programmable Thermostat
- Heating Type: Electric, Natural Gas
Utilities
- Water: City Water
Structural Information
- Architectural Style: Ranch,
- Builder: Rainey Homes
- Exterior Const.: Brick Veneer, Spray Foam Insulation, Stucco, Wood Frame, Painted, Brick
- Roof: Tile
- Windows: Screens, Low-Emissivity Windows, Dual Pane
- Sq. Ft. Source: Assessor
- Year Built: 2021
Manufactured Home
- Mobile Home Type: See Remarks, Other
- Model: Custom
Additional Structures
- Other Structures: Workshop
Lot Features
- Property View: Desert, Mountain(s)
- Mountain views: Yes
- Lot Size (Acres): 1.17
- Lot Size (Sq. Ft.): 50,785
- Lot Size Source: Assessor
- Frontage: Asphalt
- Lot Features: North/South Exposure, Desert Back, Desert Front, Synthetic Grass Back, Auto Timer H2O Front, Auto Timer H2O Back
Green Features
- Energy Efficient: Multi-Zones
- Water Conservation: Tankless Ht Wtr Heat
Financial Considerations
- Association Fee: $326
- Assoc Fee Freq.: Quarterly
- Other Assoc Fees: $201
- Tax Amount: $7,720
- Tax Year: 2025
- Terms: Cash, Conventional, 1031 Exchange, FHA, VA Loan
Disclosures and Reports
- Ownership: Fee Simple
- Legal Description: LOT 16 PEGASUS AIRPARK UNIT 1 MCR 055603
- Property ID: 304-91-305
- Range: 7E
- Section: 34
- Lot Number: 16
Listed by HomeSmart Lifestyles
Get Pre-Approved Today
Schools
Schools serving 21257 E Pegasus Pkwy
School District:Queen Creek Unified District
| Name | Grades | Distance |
|---|---|---|
Schnepf Elementary School 26161 South 231st Street, Queen Creek, AZ 85142 | PK-6 | 2.4 mi |
Crismon High School 21942 East Riggs Road, Queen Creek, AZ 85142 | 7-12 | 1.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 21257 E Pegasus Pkwy
Date
Details
Price
Change
Source
7/07/2026
Listed
$3,500,000
40%
MLS
11/29/2023
Sold
$2,500,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 21257 E Pegasus Pkwy
Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,720
—
$75,882
-59%
2025
$7,720
140%
$186,960
16%
2022
$3,212
—
$161,250
34%
2022
$3,212
—
$120,750
372%
2022
$3,212
40%
$25,590
-21%
2021
$2,301
3%
$32,250
12%
2020
$2,235
3%
$28,890
16%
2019
$2,174
4%
$24,870
23%
2018
$2,095
5%
$20,220
9%
2017
$1,995
1%
$18,480
-7%
2016
$1,974
15%
$19,935
14%
2015
$1,714
3%
$17,472
30%
2014
$1,662
-10%
$13,408
-1%
2013
$1,844
—
$13,520
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 21257 E Pegasus Pkwy
21257 E Pegasus Parkway, Queen Creek, AZ 85142 (MLS# 7044856) is a Single Family property with 4 bedrooms and 3 full bathrooms. 21257 E Pegasus Parkway is currently listed for $3,500,000 and was received on July 07, 2026. Want to learn more about 21257 E Pegasus Parkway? Do you have questions about finding other Single Family real estate for sale in Queen Creek? You can browse all Queen Creek real estate or contact a Coldwell Banker agent to request more information.

