Pegasus Airpark Homes for Sale in Queen Creek, AZ

Pegasus Airpark is a gated fly-in neighborhood in the Town of Queen Creek, near Ellsworth Road and Empire Boulevard. Homes sit on lots of about an acre, many with a large hangar and taxiway access to a private, lighted 5,124-foot paved runway that Town records say is for residents and their invited guests.

I'm Terry Day with DeLex Realty. Fly-in homes are a small, specialized market. This page explains how the airpark works, what the Town's rules for the runway say, and what to check before you buy a hangar home here.

See Pegasus Airpark homes for sale Call Terry: 602-483-4665

Pegasus Airpark homes that are listed for sale show up in the listings below this guide. Only a handful come up at a time. To compare other fly-in communities around Greater Phoenix, see my fly-in and airpark homes guide.

Where Pegasus Airpark is

The airpark is in the southern part of Queen Creek. The runway parcel sits east of the northeast corner of Ellsworth Road and Empire Boulevard, and Town staff reports note that Pinal County land borders the site to the south. Neighboring subdivisions named in a 2021 Town staff report include Bellero to the west, Orchard Ranchettes to the north and Jorde Farms to the east.

Queen Creek has grown up around the airpark. The site was already inside the town when Queen Creek incorporated in 1989, and every Pegasus parcel on the county's records today is listed in the Town of Queen Creek, not unincorporated county land. That matters for zoning, permits and town services. For a wider look at the town, see my Queen Creek moving guide.

A short history

Town records give a clear timeline. The Town Council approved a special use permit for the airstrip in June 1994, and the FAA approved the site that year for visual (VFR) flying. A preliminary plat for 159 lots on about 320 acres followed in May 1995. A 1998 amendment allowed a fixed base operation (the fuel and service side of an airport) and set a cap of 225 aircraft on the airpark. The FAA lists the airport as activated in May 1998.

The plan has been adjusted several times since. A 2007 amended plat reduced the number of aviation lots, and in 2012 the Council approved very light jets and Jet-A fuel. In 2019 the runway parcel itself was rezoned to a mixed-use planned area development. By 2021, Town staff described the airpark as 186 residential lots, a runway and 79 hangars. In 2022 the Town's planning commission approved a further group of 34 large hangars on about 7 acres at Ellsworth and Empire, on land that had been planned for six homes.

The homes and lots

Pegasus homes are custom single-family homes, built a few at a time. County Assessor records show homes on the residential Pegasus Airpark plats (Units 1 through 4) built from the early 2000s through 2026, and some parcels show no home built yet. Lots are typically around an acre, which leaves room for a home, a hangar and a taxiway connection.

Hangar size and layout vary from lot to lot. When you look at a hangar home, check:

• Hangar door width and height, floor size and power, compared with the aircraft you fly or plan to buy
• How the lot connects to the taxiway, and any taxiway easements recorded on the lot
• Whether a lot is an "aviation lot" with runway rights or a residential lot without them, since the plats have changed over the years
• The condition of the taxiway and apron near the lot

The airpark also has hangar condominiums that are separate from the homes. Those are a different type of property with their own associations.

Runway rules in plain words

Pegasus is a private-use airport, and FAA data says pilots need permission before landing. Town documents say the runway is for residents and their invited guests. The rules the Town has approved over the years include:

• A cap of 225 aircraft on the airpark
• Aircraft under 12,500 pounds, with approach speed and wingspan limits that match the FAA's B-II design group
• Aircraft that meet Stage 3 noise standards, and a noise limit at the property line
• No commercial use, charter, flight schools, crop dusting, ultralights or touch-and-go training
• Fuel sold only to Flight Association members

FAA data also notes a power line that runs parallel to the runway about a quarter mile to the south, and pilots coordinate with Phoenix Approach. Phoenix-Mesa Gateway Airport, a busy public airport, is a few miles to the north. These rules can change, so ask the Flight Association for its current rules and any approvals on helicopters or other aircraft before you buy.

HOA and the Flight Association

The runway is owned by the Pegasus Airpark Flight Association, and the neighborhood is gated. Homes also have a homeowners association with recorded CC&Rs. Before you write an offer, ask for the CC&Rs, the Flight Association rules, the budget and reserve study, and any rules about hangar use, aircraft types, home and hangar design, and guests. Fees and assessments vary, so get them in writing for the specific lot.

Schools

Listings for Pegasus Airpark homes most often name Schnepf Elementary and Crismon High School in Queen Creek Unified. School assignments can change, so confirm boundaries with the district for the exact address.

Things to check before you buy

• Runway rights: confirm the lot has runway and taxiway access and what the Flight Association requires to use it.
• Your aircraft: check that it fits the weight, wingspan and noise rules and the hangar size.
• Insurance: talk to your insurance agent about both the home and the hangar.
• Noise and flights: spend time at the home on a weekend morning so you know what a normal day sounds like, including traffic from Gateway Airport.
• Lot and permits: if you plan to build or add a hangar, check Town of Queen Creek zoning and permit rules for that lot.
• Inspection: have the hangar door, electrical and slab inspected along with the home.

If you are using a VA or FHA loan, ask me about assumable mortgages. For the basics of buying here, start with first steps to buying a home in Arizona.

Selling a Pegasus Airpark home

Hangar homes appeal to a narrow group of buyers. Pricing takes care, because there are few recent sales to compare. I start with sales at Pegasus and other Valley airparks, then adjust for the hangar, lot and runway access. My guide on how to price your Arizona home to sell walks through the approach.

Questions buyers ask

Can anyone fly into Pegasus Airpark?
No. Pegasus Airpark is a private-use airport, and FAA data says permission is required before landing. Town documents say the runway is for residents and their invited guests.

Is Pegasus Airpark in Queen Creek?
Yes. Maricopa County Assessor records list every Pegasus Airpark parcel inside the Town of Queen Creek, and the site has been in the town since it incorporated in 1989. Pinal County land borders it to the south.

How long is the runway at Pegasus Airpark?
FAA data lists runway 8/26 at 5,124 feet long and 80 feet wide, paved with asphalt, with edge lights that pilots turn on by radio. Both ends have displaced thresholds.

Can I keep a jet or helicopter at Pegasus?
The Town approved very light jets in 2012, within weight, wingspan and noise limits. Helicopter use has been debated over the years, so ask the Flight Association for its current rules before you buy.

More Queen Creek and airpark pages

• Fly-in and airpark homes in Arizona
• Stellar Airpark homes in Chandler
• Queen Creek homes on 1+ acre
• Queen Creek horse properties
• Luxury homes in Queen Creek ($1M+)
• DeLex Realty listings in Queen Creek
• All Queen Creek listings

Airport details come from FAA data as published by AirNav (effective October 2026), Town of Queen Creek staff reports from 2012, 2019 and 2021, Maricopa County Assessor records and Queen Creek Tribune and FLYING Magazine reporting. Rules, fees and facilities can change. Confirm everything with the Pegasus Airpark Flight Association, the HOA, the Town of Queen Creek and the school district before you buy. Not intended as aviation, legal or tax advice.