For sale Home

Listed Oct 21, 2026

$1,495,000 Est. $9,888/mo

1948 East Pegasus Drive

  • 6

    Beds

  • 4

    Baths

The story

  • Pool

1948 E. PEGASUS DRIVE | TEMPE ✨ Some homes have a backyard. Pegasus has a private resort. Set on a nearly half-acre, no-HOA lot, this remarkable property pairs a beautifully remodeled 4-bedroom, 2-bath main home with a fully permitted detached 2-bedroom, 2-bath casita--complete with its own address, electric meter, private entrance and parking. Then step outside: a brand-new pool, two putting greens, a fire-pit gathering area, RV parking with full hookups, and a private lighted combination basketball and pickleball court. It's a setting made for everyday enjoyment, unforgettable weekends and room for everyone. Approximately 3,000 square feet of combined living space. Two separate residences. A backyard built for play, relaxation and entertaining.

Facts & features

Home type

Home

Year built

1973

Floors

1

Parking

2-car garage

Included features

  • Pool

    Yes

  • Fireplace

    1 fireplace

  • Cooling

    Ceiling Fan(s), Central Air, Programmable Thmstat, Heat Pump

  • Heating

    Electric, Heat Pump

  • Appliances

    Dishwasher, Disposal, Refrigerator, Electric Cooktop, Electric Range

  • Flooring

    Tile

  • Roof

    Composition

  • Lot Information

    Cul-De-Sac, North/South Exposure, Alley, Desert Front, Desert Back, Sprinklers In Front, Sprinklers In Rear, Synthetic Grass Frnt, Synthetic Grass Back, Auto Timer H2O Front, Auto Timer H2O Back

  • Exterior

    Sport Court(s), RV Hookup, Private Pickleball Court(s)

  • Water Source

    Public

  • Sewer

    Public Sewer

Mortgage calculator

Estimated monthly payment

$9,888 /mo

7% rate · 30-yr fixed · 20% down

  • Principal & interest $7,957
  • Property tax $1,495
  • Insurance $436

Includes principal, interest, taxes & insurance.

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Listing Broker

HomeSmart

Broker Name

HomeSmart

Agent

Joseph Lee Fraser