$1,299,000
About this home
Pegasus Hill Farm is a 25-acre equestrian estate. Discover Pegasus Hill Farm, an established 25-acre equestrian estate in the picturesque countryside of Alexander, just outside Asheville, N.C. Thoughtfully developed for professional and private equestrian pursuits, this distinctive property combines exceptional riding facilities, pastoral beauty and comfortable residential living. Completed in December 2017, the impressive equestrian barn offers approximately 18 stalls, a climate-conditioned office, tack room, feed room and laundry facilities, an interior horse wash stall with hot and cold water, and additional outdoor wash stalls. Storage and conditioned space is above the barn. Outstanding riding amenities include a spacious covered arena and a 200-by-120-foot lighted outdoor arena, both featuring premium GGT (German Geo Textile) footing and sprinkler systems for footing maintenance and dust control. A dedicated flat arena, fenced pastures, turnout paddocks and additional pasture suitable for riding further enhance the property's versatility. Currently accommodating horse boarding and riding lessons, Pegasus Hill Farm presents a compelling opportunity for equestrian professionals, trainers, and private horse enthusiasts or future home/estate development. Complementing the equestrian facilities is a charming single-level residence built in 2019, featuring two bedrooms, a den and one-and-a-half baths. Overlooking the equestrian grounds, the residence offers a wonderful connection to the beauty and daily activity of the farm. Whether continuing its established equestrian use or creating a private equestrian retreat, Pegasus Hill Farm offers a distinctive opportunity to embrace the equestrian lifestyle in Western North Carolina, convenient to Asheville and Tryon, N.C. Pisgah, Biltmore and more.
Property details
- MLS
- Canopy MLS
- MLS #
- CAR4438340
- Property type
- Special Purpose
- Subdivision
- N/A
- Status
- Active
- Days on market
- N/A
- On market date
- October 27, 2026
- Stories
- N/A
- Total bathrooms
- N/A
- Garage spaces
- N/A
- Parking spaces
- N/A
- Lot size
- N/A
Location
Get directions →Nearby schools
Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.
- Enrollment
- 525
- Student:teacher ratio
- 13.5:1
- District
- Buncombe County Schools
- Enrollment
- 485
- Student:teacher ratio
- 12.4:1
- District
- Buncombe County Schools
- Enrollment
- 278
- Student:teacher ratio
- 25.3:1
- District
- Buncombe County Schools
Walkability
Blended score for Alexander's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).
Market position
How this listing compares to current activity in Alexander, from live MLS data.
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Data source: Listing information provided by Canopy MLS (carolina) via Trestle/CoreLogic. Last updated 18 hr ago.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.