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.

Facts and features

Schools

• North Buncombe Elementary

  elementary · K-4 · 3.1 mi

  8

• North Buncombe High

  high · 9-12 · 3.6 mi

  6

• North Buncombe Middle

  middle · 7-8 · 3.8 mi

  9

• Providence Christian Academy

  elementary · PK-6 · 4.7 mi

• North Windy Ridge

  elementary · 5-6 · 4.0 mi

  6

• Weaverville Primary

  elementary · K-1 · 4.3 mi

Price history

• Oct 19, 2026 · Listed$1,299,000
• Dec 18, 2015 · Sold$520,000

Tax history

• 2025$4,231 tax · $608,300 assessed
• 2024$4,049 tax · $608,300 assessed
• 2023$3,969 tax · $608,300 assessed
• 2022$3,778 tax · $608,300 assessed
• 2021$3,778 tax · $608,300 assessed
• 2020$3,555 tax · $521,600 assessed
• 2019$2,917 tax · $420,500 assessed
• 2018$2,935 tax · $420,500 assessed

Home value

$580,000

• Collateral Analytics$580,000
• Cotality$558,800
• Quantarium$1,265,955

Where it is