About This Home

This 6-bedroom, 4-bathroom single family at 1948 E PEGASUS Drive in Tempe, AZ is listed for $1,495,000 ($506 per sqft). Built in 1973, the home offers 2,953 sqft of living space on a 0.46 acres lot.

Key Features

  • Built in 1973
  • 0.46 acre lot
  • Private pool
  • Fireplace

Property Details

1 story
4 full
2-car garage
1973

Amenities

PoolFireplaceA/CRV Parking
Listing 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.

Monthly Cost Estimate

$7,996/mo

20% down · 6.5% · 30 years

Principal$1,081
Interest$6,478
Insurance$436

Estimates only. Actual payments may vary.

Location

1948 E PEGASUS Drive

Tempe, AZ 85283

CONTINENTAL EAST UNIT 6

Features & Amenities

Interior Features

Quartz CountertopsDouble VanityEat-in KitchenBreakfast BarNo Interior StepsKitchen IslandPantry3/4 Bath Master Bdrm

Exterior Features

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

Property Details

Flooring

Tile

Construction

Painted Block

Pool Features

Pool

Outdoor Features

Patio

Parking

OpenGarage - AttachedGatedRV

Heating

Heat Pump (Heating)Electric (Heating)

Cooling

Ceiling Fan(s)Central AirHeat Pump

Appliances

RefrigeratorDishwasherDisposalElectric RangeElectric Cooktop

Questions & Answers

This 6-bedroom, 4-bathroom single family at 1948 E PEGASUS Drive is listed at $1,495,000 ($506/sqft). The estimated monthly payment is $7,996 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1973, 0.46 acre lot, Private pool, Fireplace. Interior Features: Quartz Countertops, Double Vanity, Eat-in Kitchen. Exterior Features: Private Pickleball Court(s), Sport Court(s), RV Hookup.

This property is listed by Joseph Lee Fraser.

JF

Joseph Lee Fraser

Agent at HomeSmart

Listed by HomeSmart · Broker phone: (602) 230-7600 · View on Broker Site · Broker website

MLS# 7097074· Source: Arizona Regional Multiple Listing Service, Inc.· 10 days on PropertySimple

Copyright © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1948 E PEGASUS Drive, Tempe, AZ 85283

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