1948 E PEGASUS Drive, Tempe, AZ 85283

New Listing
$1,495,000
Property Type: Residential Bedrooms: 6 Baths: 4 Square Footage: 2,953 Lot Size (sq. ft.): 19,990 Status: Active
Current Price: $1,495,000 List Date: 10/30/2026 Last Modified: 10/30/2026

Description

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.

More Information MLS# 7097074

Contract Information

Type: Exclusive Agency Ownership: Fee Simple Co-Ownership (Fractional) Agreement YN: No List Price: $1,495,000 Status: Active Current Price: $1,495,000 List Date: 2026-10-21

Location, Tax & Legal

Assessor's Map #: 1 Legal Description (Abbrev): LOT 1255 CONTINENTAL EAST UNIT 6 MCR 014902 Assessor's Parcel #: 454 Tax Municipality: Tempe Taxes: 3042 House Number: 1948 Compass: E Street Name: PEGASUS St Suffix: Drive City/Town Code: Tempe State/Province: AZ Zip Code: 85283 Zip4: 3237 Country: US County Code: Maricopa Assessor Number: 301-01-454 Subdivision: CONTINENTAL EAST UNIT 6 Tax Year: 2025

General Property Description

Dwelling Styles: Detached # of Interior Levels: 1 # Bedrooms: 6 Full Bathrooms: 4 Half Bathrooms: 0 Total Bathrooms: 4 Approx SQFT: 2953 Price/SqFt: 506.26 Approx Lot SqFt: 19990 Approx Lot Acres: 0.459 Guest House SqFt: 1000 Horses: N Builder Name: Suggs Lead Based Hazard Disclosure: Yes Elementary School District: Tempe School District High School District: Tempe Union High School District Elementary School: Fuller Elementary School Jr. High School: Fees College Preparatory Middle School High School: Marcos De Niza High School Community Pool Y/N: No Private Pool Y/N: Yes Fireplace YN: Yes Fireplaces Total: 1 Dwelling Type: Single Family Residence Exterior Stories: 1 Year Built: 1973

Legal Info

Range: 4E Section: 1 Township: 1S Lot Number: 1255

Special Listing Cond

Owner/Agent: 1

Construction

Block: 1

Const - Finish

Painted: 1

Roofing

Composition: 1

Association & Fees

HOA Y/N: N PAD Fee Y/N: N Land Lease Fee Y/N: N Ttl Mthly Fee Equiv: 0

Showing Notification Methods

Showing Service: Aligned Showings Text: 1 Email: 1 Phone Call: 1

Lockbox Type

Supra: 1

Master Bathroom

3/4 Bath Master Bdrm: 1 Double Vanity: 1 Private Toilet Room: 1

Additional Bedroom

Separate Bedroom Exit: 1 Master Bedroom Walk-in Closet: 1

Fireplace Features

Insert: 1

Flooring

Tile: 1

Window Features

Screens: 1 Dual Pane: 1

Private Pool Features

Play Pool: 1 Variable Speed Pump: 1

Dining Area

Eat-in Kitchen: 1 Breakfast Bar: 1

Heating

Heat Pump: 1 Electric: 1

Kitchen Features

Dishwasher: 1 Disposal: 1 Electric Range: 1 Kitchen Island: 1 Pantry: 1 Refrigerator: 1 Electric Cooktop: 1 Quartz Countertops: 1

Cooling

Ceiling Fan(s): 1 Programmable Thmstat: 1 Central Air: 1 Heat Pump: 1

Interior Features

No Interior Steps: 1

Laundry

Washer Hookup: 1 220 V Dryer Hookup: 1 In Garage: 1

Basement

Basement Y/N: N

Other Rooms

Family Room: 1 Guest Qtrs-Sep Entrn: 1

Separate Den/Office

Sep Den/Office Y/N: N

Road Access Type

Alley: 1 City Street: 1

Road Surface Type

Asphalt: 1

Road Responsibility

City Maintained Road: 1

Fencing

Block: 1

Water Source

City Water: 1

Exterior Features

Separate Guest House: 1 Private Pickleball Court(s): 1 Sport Court(s): 1 Patio: 1 RV Hookup: 1

Spa

None: 1

Sewer

Sewer - Public: 1

Parking Spaces

Slab Parking Spaces: 4 Total Covered Spaces: 2 Garage Spaces: 2

Parking Features

Electric Vehicle Charging Station(s): 1 Rear Vehicle Entry: 1 RV Gate: 1 Side Vehicle Entry: 1 Attached Garage: 1 Garage Door Opener: 1 Gated: 1 RV Access/Parking: 1

New Financing

Cash: 1 VA: 1 Conventional: 1 FHA: 1

Plumbing

Dual Flush Toilet: 1 Electric Hot Wtr Htr: 1

Utilities

SRP: 1

Existing 1st Loan

Treat as Free&Clear: 1

Property Description

Cul-De-Sac Lot: 1 North/South Exposure: 1 Alley: 1

Landscaping

Desert Front: 1 Desert Back: 1 Synthetic Grass Frnt: 1 Synthetic Grass Back: 1 Yrd Wtring Sys Front: 1 Yrd Wtring Sys Back: 1 Auto Timer H2O Front: 1 Auto Timer H2O Back: 1

Services

City Services: 1

Items Updated

Floor Yr Updated: 2026 Floor Partial/Full: Full Wiring Yr Updated: 2026 Wiring Partial/Full: Partial Plmbg Yr Updated: 2026 Plmbg Partial/Full: Full Kitchen Yr Updated: 2026 Kitchen Partial/Full: Full Bath(s) Yr Updated: 2026 Bath(s) Partial/Full: Full Pool Yr Updated: 2026 Pool Partial/Full: Full

Disclosures

Seller Discl Avail: 1 Agency Discl Req: 1

Possession

Close of Escrow: 1

Association Fee Incl

No Fees: 1

Assoc Rules/Info

None: 1

DPR Eligible

DPR Eligible: No

Remarks Misc

Cross Street: Guadalupe and Country Club Geo Lat: 33.364846 Geo Lon: -111.904453

Property Features

Special Listing Cond: Owner/Agent Master Bathroom: 3/4 Bath Master Bdrm; Double Vanity; Private Toilet Room Additional Bedroom: Separate Bedroom Exit; Master Bedroom Walk-in Closet Fireplace Features: Insert Flooring: Tile Window Features: Screens; Dual Pane Private Pool Features: Play Pool; Variable Speed Pump Spa: None Dining Area: Eat-in Kitchen; Breakfast Bar Kitchen Features: Electric Range; Electric Cooktop; Disposal; Dishwasher; Refrigerator; Pantry; Quartz Countertops; Kitchen Island Laundry: Washer Hookup; 220 V Dryer Hookup; In Garage Other Rooms: Family Room; Guest Qtrs-Sep Entrn Interior Features: No Interior Steps Exterior Features: Patio; Private Pickleball Court(s); RV Hookup; Separate Guest House; Sport Court(s) Parking Features: Attached Garage; Electric Vehicle Charging Station(s); Garage Door Opener; Gated; Rear Vehicle Entry; RV Access/Parking; RV Gate; Side Vehicle Entry Road Access Type: Alley; City Street Road Surface Type: Asphalt Road Responsibility: City Maintained Road Construction: Block Const - Finish: Painted Roofing: Composition Cooling: Central Air; Ceiling Fan(s); Heat Pump; Programmable Thmstat Heating: Heat Pump; Electric Plumbing: Dual Flush Toilet; Electric Hot Wtr Htr Utilities: SRP Water Source: City Water Sewer: Sewer - Public Services: City Services Fencing: Block Property Description: Cul-De-Sac Lot; North/South Exposure; Alley Landscaping: Desert Front; Desert Back; Synthetic Grass Frnt; Synthetic Grass Back; Yrd Wtring Sys Front; Yrd Wtring Sys Back; Auto Timer H2O Front; Auto Timer H2O Back Showing Notification Methods: Text; Email; Phone Call Lockbox Type: Supra Possession: Close of Escrow Association Fee Incl: No Fees Existing 1st Loan: Treat as Free&Clear New Financing: Cash; VA; FHA; Conventional Disclosures: Seller Discl Avail; Agency Discl Req
Listing Office: HomeSmart
IDX
Office Phone: 480-889-3700
Office Email: rlarue@hsmove.com
Last Updated: October - 30 - 2026
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