16575 Pegasus Bay
About This Property
Located in the highly sought-after Gabion Ranch community of North Fontana, this stunning end-unit residence offers exceptional curb appeal, thoughtfully landscaped grounds, and an impressive collection of premium upgrades throughout.
Step inside to discover a beautifully designed open-concept floor plan highlighted by a chef-inspired kitchen featuring granite countertops, stainless steel appliances, and an oversized center island perfect for entertaining, meal preparation, and casual dining. The seamless flow between the kitchen, dining, and living areas creates an inviting space ideal for modern living.
The main floor includes a private bedroom and full bathroom, providing the perfect setup for guests, extended family, or multi-generational living. Upstairs, a spacious loft offers a versatile secondary living area, while the luxurious primary suite serves as a private retreat complete with a spa-like bathroom featuring a soaking tub, separate glass-enclosed shower, dual vanities, and a generous walk-in closet. Two additional bedrooms, a full bathroom, and a conveniently located laundry room complete the upper level.
This home is loaded with valuable upgrades, including six wired 4K Lorex security cameras with mobile app access, a custom Alumawood-covered patio with electrical wiring and ceiling fans, a built-in gas fire pit, and a Tuff Shed for additional storage. Enjoy permanent Trimlights with smartphone control, a MyQ smart garage system, and leased solar panels with pigeon protection. The current owner enjoys an average solar payment of approximately $110 per month.
Take in breathtaking mountain views while enjoying Gabion Ranch's resort-style amenities, including three sparkling community pools, playgrounds, basketball courts, walking trails, and a private dog park. Conveniently located near premier shopping, dining, schools, and major commuter routes, this home perfectly combines luxury, comfort, and convenience.
Back on the market through no fault of the seller. The seller remains highly motivated and ready to work with qualified buyers. Don't miss this rare opportunity to own one of North Fontana's most desirable homes schedule your private showing today.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 23, 2026 | Sold | ||
| Sold | |||
| Jul 8, 2026 | In contract | - | |
| In contract | |||
| Jun 13, 2026 | Relisted | $814,999 | |
| Relisted | |||
| May 10, 2026 | In contract | - | |
| In contract | |||
| Apr 21, 2026 | Listed by True Home Realty | $799,900 | |
| Listed by True Home Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017