This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/61
$2,900,000 Just Listed
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/61
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 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.
Full Property Details
Full Property Details for 21553 E Pegasus Pkwy
General
- Price: $2,900,000
- HOA FEE: $109/month
- HOA FEE FREQ.: Quarterly
- Taxes: $9,092 (2025)
- Status: Active
- Type: Single Family
- Source: ARMLS_Arizona_MLS_Phoenix_Area
- MLS ID: 7026094
- Updated: Today (5/29/2026)
- Added to Site: Today
Interior
- Interior Features: Walk-in Pantry, High Speed Internet, Granite Counters, Double Vanity, Eat-in Kitchen, Central Vacuum, Kitchen Island, Pantry, Separate Shwr & Tub
- Fireplace: Yes
- Number of Fireplaces: 2
- Fireplace(s): Family Room, Living Room, Gas
- Appliances: Dryer, Washer, Water Softener Owned, Reverse Osmosis, Refrigerator, Built-in Microwave, Dishwasher, Disposal, Gas Cooktop, Water Purifier
- Flooring: Carpet, Wood
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 3
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 4
Other Rooms
- Laundry: Inside, Gas Dryer Hookup
Additional Information
- Pool: Yes
- Pool Description: Diving Pool, Heated
- Security/Safety: Fire Sprinkler System
Exterior
- Exterior Features: Other, Private Yard
Parking
- Garage: Yes
- Garage Spaces: 3
- Parking Features: Garage Door Opener, Extended Length Garage, Attch'd Gar Cabinets, Hangar, Over Height Garage
Location
- County: Maricopa
- Township: 2S
- Subdivision: PEGASUS AIRPARK UNIT 1
- Cross Streets: Ellsworth and 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)
- Heating Type: Natural Gas
Utilities
- Water: City Water
Structural Information
- Architectural Style: Spanish,
- Builder: Alden Custom Home
- Exterior Const.: Stucco, Wood Frame, Block
- Roof: Tile, Built-Up
- Windows: Dual Pane, Wood Frames
- Sq. Ft. Source: Assessor
- Year Built: 2006
Additional Structures
- Other Structures: Separate Guest House
Lot Features
- Property View: Mountain(s)
- Mountain views: Yes
- Lot Size (Acres): 1.22
- Lot Size (Sq. Ft.): 53,341
- Lot Size Source: Assessor
- Lot Features: North/South Exposure, Sprinklers In Rear, Sprinklers In Front, Desert Back, Desert Front, Grass Front, Grass Back
Horse Property
- Horse Property: Yes
Green Features
- Energy Efficient: Multi-Zones
Financial Considerations
- Association Fee: $326
- Assoc Fee Freq.: Quarterly
- Other Assoc Fees: $201
- Tax Amount: $9,092
- Tax Year: 2025
- Terms: Cash, Conventional
Disclosures and Reports
- Ownership: Fee Simple
- Legal Description: LOT 40 PEGASUS AIRPARK UNIT 1 MCR 055603
- Property ID: 304-91-329
- Range: 7E
- Section: 34
- Lot Number: 40
Listed by Compass
Get Pre-Approved Today
Schools
Schools serving 21553 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 mi |
Crismon High School 21942 East Riggs Road, Queen Creek, AZ 85142 | 7-12 | 1.1 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 21553 E Pegasus Pkwy
Date
Details
Price
Change
Source
5/29/2026
Listed
$2,900,000
38.13%
MLS
3/22/2022
Sold
$2,099,500
—
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 21553 E Pegasus Pkwy
Year
Property Taxes
Change
Tax Assessment
Change
2025
$9,092
-4%
$190,330
7%
2024
$9,510
-2%
$178,080
1%
2023
$9,705
3%
$175,670
33%
2022
$9,393
—
$131,880
31%
2022
$9,393
-1%
$100,330
8%
2021
$9,516
3%
$93,250
14%
2020
$9,222
3%
$82,130
4%
2019
$8,941
4%
$79,000
14%
2018
$8,610
5%
$69,100
7%
2017
$8,168
-7%
$64,530
-13%
2016
$8,761
24%
$74,350
-1%
2015
$7,070
1%
$74,800
16%
2014
$6,976
-18%
$64,580
18%
2013
$8,458
—
$54,560
—
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 21553 E Pegasus Pkwy
21553 E Pegasus Parkway, Queen Creek, AZ 85142 (MLS# 7026094) is a Single Family property with 4 bedrooms and 3 full bathrooms. 21553 E Pegasus Parkway is currently listed for $2,900,000 and was received on May 29, 2026. Want to learn more about 21553 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.

