Homes for Sale in Pegasus Airpark | Queen Creek, AZ

Below are ALL of the Homes for Sale and Recently Sold in Pegasus Airpark in Queen Creek, Arizona from our Realtor MLS — updated every 5 minutes. Every home from every real estate company currently listed is shown here.

About Pegasus Airpark | Queen Creek's Fly-In Community

Pegasus Airpark is one of the most unique residential communities in all of Arizona — a private fly-in neighborhood in Queen Creek where pilots can taxi directly from their hangars to the runway and take off from their own backyard. It's the kind of community that doesn't exist in most cities: a thoughtfully designed airpark where aviation is built into the neighborhood's DNA, not an afterthought. For private pilots and aviation enthusiasts searching the Phoenix metro, Pegasus Airpark is the destination.

The community is built around a private runway and taxiway system, with homes oriented so that hangars open directly to the taxiway. Residents can store their aircraft at home — no need for off-site storage, no morning drives to the airport, no scheduling conflicts with commercial traffic. You walk out your door, pre-flight your plane in your own hangar, taxi to the runway, and you're airborne. It's a lifestyle that serious pilots dream about, and Pegasus Airpark makes it a daily reality in the East Valley.

Beyond the aviation infrastructure, Pegasus Airpark is a genuine neighborhood with a strong sense of community among residents who share a passion for flying. It sits in Queen Creek — one of the fastest-growing and most desirable communities in the Southeast Valley — which means residents enjoy not just the unique airpark lifestyle but also access to excellent schools, expanding retail, and a broader community that has matured considerably in recent years.

Pegasus Airpark Homes & Prices

Homes at Pegasus Airpark are unlike standard residential properties — each is designed around hangar integration, with aviation-specific construction requirements that accommodate aircraft doors, taxiway access, and the structural demands of hangar space. Homes range from more modest builds with single-aircraft hangars to expansive estate-style properties with multi-aircraft capacity, workshop space, and premium residential finishes throughout.

Square footage varies significantly by property: the residential living space typically runs from 2,000 to 5,000+ square feet, but total structure size including hangar space can be considerably larger. Lot configurations are designed with taxiway frontage in mind, and many properties back directly to the taxiway with large hangar doors that open to aircraft access. Aviation-specific features like fuel storage, tiedowns, aircraft lifts, and pressurized hangar systems are found throughout the community depending on the property.

Price range at Pegasus Airpark typically starts in the high $600s and runs to $2 million+ depending on hangar size, aircraft capacity, residential finishes, and lot position relative to the runway. Properties with larger multi-aircraft hangars, updated residential builds, and premium taxiway access command the top of the market. Inventory is consistently limited — this is a small, specialized community with a highly specific buyer pool — which means quality properties move quickly when they do come available.

Amenities & Lifestyle

The centerpiece of life at Pegasus Airpark is the private runway and taxiway system maintained by the community's HOA. The airpark holds FAA designation and is designed for private single and twin-engine aircraft. The HOA manages runway maintenance, taxiway upkeep, and the operational standards that keep the airpark safe and functional for all residents. Monthly and annual dues cover this infrastructure along with community common areas.

The lifestyle at Pegasus Airpark is fundamentally shaped by aviation. Weekend fly-outs to Sedona, Prescott, Flagstaff, or across the Southwest are part of everyday life for residents. The community has a culture of shared knowledge and mutual support among pilots — neighbors who understand the logistical and practical realities of aircraft ownership in a way that no standard neighborhood can replicate. Community fly-ins and informal gatherings are a regular part of the social fabric.

Outside the airpark itself, Queen Creek's amenities have grown substantially. Queen Creek Marketplace offers national retail and dining. Schnepf Farms brings seasonal events, u-pick produce, and a beloved local tradition to the neighborhood. A growing restaurant and entertainment scene along Ellsworth Road and the broader Queen Creek corridor has made the area far more self-sufficient than it was even five years ago. For aviation-focused buyers who also value quality suburban amenities, Pegasus Airpark's Queen Creek location hits a rare sweet spot.

Location & Commute

Pegasus Airpark is located in the eastern portion of Queen Creek near Combs Road and Ellsworth Road, in the southeastern corner of the Phoenix metro. Ground-based commute times reflect the community's location at the edge of the developed Valley: Gilbert employment centers are 25–35 minutes northwest, Chandler's tech corridor is 30–40 minutes, and Downtown Phoenix is 50+ minutes. Sky Harbor Airport is approximately 45–50 minutes by car.

For residents who commute by air, the calculus changes entirely. With a private runway in your backyard, the entire Southwest becomes your commute zone. Scottsdale Airport, Falcon Field, Mesa Gateway, and Phoenix Deer Valley are all short hops away, dramatically expanding the practical range of daily travel for pilots. Many Pegasus residents fly to business meetings, weekend properties, and regional destinations that would take hours to reach by ground.

The community is best suited for buyers who either work locally in Queen Creek or San Tan Valley, work remotely, or whose aviation lifestyle makes ground-based commute times a secondary consideration. The trade-off for the distance is one of the most unique living experiences available anywhere in the Phoenix metro.

Schools Serving Pegasus Airpark

Pegasus Airpark is served by Queen Creek Unified School District (QCUSD), a well-regarded and fast-growing district that has expanded alongside one of Arizona's fastest-developing communities. QCUSD consistently earns strong marks from the Arizona Department of Education and is known for newer facilities, engaged parent communities, and solid academic programming at all grade levels.

Students in the Pegasus Airpark area typically attend schools within QCUSD's network, which includes newer campuses like Ellsworth Elementary, Newell Barney Middle School, and Casteel High School or Queen Creek High School — both of which have strong academic and extracurricular reputations. Verify your specific school assignments with QCUSD directly, as the district's boundaries continue to evolve alongside community growth.

Pegasus Airpark FAQs

What types of aircraft can be kept at Pegasus Airpark?
Pegasus Airpark is designed for single and twin-engine piston aircraft, as well as light sport and experimental aircraft. The runway dimensions and taxiway system accommodate most general aviation aircraft. Larger turboprops and jets may have limitations based on runway length and weight bearing — prospective buyers with larger aircraft should verify compatibility with the HOA and current runway specs before purchasing.

Does every home at Pegasus Airpark have a hangar?
Most homes at Pegasus Airpark are built with integrated hangar space with taxiway access. Hangar size varies by property — some accommodate a single aircraft while others can house two or more planes plus workshop and storage space. Always confirm the hangar specifications and taxiway access for any specific property you're considering.

What are the HOA fees at Pegasus Airpark?
HOA fees at Pegasus Airpark cover runway and taxiway maintenance, common area upkeep, and airpark operational costs. Dues vary based on the current budget and any special assessments — confirm current fees directly with the HOA or through your agent's disclosure process before closing.

How do I get notified when a home comes up for sale at Pegasus Airpark?
Inventory at Pegasus Airpark is very limited — this is a small community with a highly specific buyer pool. The best approach is working with an agent who actively monitors aviation community listings and can set up instant alerts for new inventory. Reach out to us and we'll make sure you're first to know when a property becomes available.

Ready to explore Pegasus Airpark? Contact Megan & Jason Williams — call or text us at 480-618-1890. We specialize in Queen Creek and unique East Valley communities and can help you find the right property or navigate a sale.