Located in Pegasus Bay 25 kilometres north of Christchurch in North Canterbury , Pegasus is just 20 minutes drive from Christchurch International Airport.

Built around a beautifully designed feature lake and extending to the sandy surf beach in Pegasus Bay the town has been designed to offer residents a lifestyle built on a remarkable array of attractions, entertainment and community resources.

The centrepiece of the town is a 14 hectare feature lake - Lake Pegasus - with 11 sandy and pebbled beaches, a central island in the lake with waterfall, and a unique pedestrian swingbridge to access the island. There is also a superb surf beach, an 18-hole championship golf course and associated golf club facilities.

Development of the town commenced in 2006, all major infrastructure works were completed by 2012 and the remaining part of the project was acquired by an Auckland developer in December 2012.