Nestled within an exclusive private airpark subdivision, this exceptional property provides the perfect combination of aviation lifestyle, privacy, and country living. Situated on a sprawling 5-acre lot, residents enjoy the tranquility of a rural setting while benefiting from the unique amenities of a fly-in community featuring private roads and a close-knit neighborhood atmosphere. The home's striking A-frame architecture creates a dramatic first impression, highlighted by soaring cathedral and vaulted ceilings that fill the interior with natural light and enhance the spacious feel throughout. The open-concept floor plan seamlessly connects the living, dining, and kitchen areas, creating an inviting space for both entertaining and everyday living. The partial finished basement provides additional versatile living space, suited for a recreation room, home theater, fitness area, guest accommodations, or home office. Whether you're an aviation enthusiast or simply seeking a private retreat with room to roam, this remarkable property delivers a rare opportunity to enjoy luxury, comfort, and freedom in a beautiful country environment. Experience the best of airpark living with expansive acreage, breathtaking architecture, and unmatched privacy in this one-of-a-kind property.
Property Type(s):
Single Family
|
Last Updated
|
6/30/2026
|
Tract
|
Pegasus
|
|
Year Built
|
2011
|
Community
|
5507 - Morgan - Gregg
|
|
Garage Spaces
|
3.0
|
County
|
Morgan
|
SCHOOLS
| Elementary School |
Monrovia Elementary School |
| Jr. High School |
Monrovia Middle School |
| High School |
Monrovia High School |
Additional Details
| AIR |
Central Air |
| AIR CONDITIONING |
Yes |
| APPLIANCES |
Electric Oven |
| AREA |
5507 - Morgan - Gregg |
| BARN/EQUESTRIAN |
Yes |
| BASEMENT |
Yes |
| CONSTRUCTION |
Brick |
| EXTERIOR |
Balcony |
| FIREPLACE |
Yes |
| GARAGE |
Yes |
| HEAT |
Forced Air |
| HOA DUES |
1000|Annually |
| INTERIOR |
Cathedral Ceiling(s), Pantry |
| LOT |
5.05 acre(s) |
| PARKING |
Attached, Carport, Gravel |
| STORIES |
1.5 |
| STYLE |
A-Frame |
| SUBDIVISION |
Pegasus |
| WATER |
Public |
Location
Listed with Beycome Brokerage Realty LLC
Listing information is deemed reliable, but not guaranteed.
© 2026 Metropolitan Indianapolis Board of REALTORS®
This IDX solution is (c) Diverse Solutions 2026.