1978 Piper Cheyenne for sale

1978 Piper Cheyenne

Multi Engine Turboprop

FOR SALE
$995,000Overpriced
Location Tampa, FL
Total Time 8,477 hrs
Engine SMOH 1,386 hrs
Seats 8
Serial # 31T-7820025
Reg # N53MC
Engine Turbo-prop ×2
Cruise 240 kts (444 km/h)
✓ FAA Valid ✓ Clean NTSB ✓ Verified recently

Aircraft Details

Seller reported

Avionics & Equipment

BTH

New avionics 2x Garmin GTN 750s WAAS/LPV 2x Garmin G600 TXI ADSB In and Out-2xGTX-345 Garmin GMA 345 Audio Panel Bluetooth Garmin GI275 Attitude Indicator. Garmin GWX

75 Weather Radar coated panel. Bandix/King KFC200 Auto Pilot Stratus USB (Pilot/Co-Pilot) Overhauled

Description

PIPER CHEYENNE II PA-31T • $995,000 • AVAILABLE FOR IMMEDIATE SALE • Completely remodeled Piper Cheyenne II AFTT 8477 PT6A-28 Engine 1 TSHSI 1386 Engine 2 TSHSI 1386 Overhaul 3-blad prop Fresh paint Fresh Interior Event 1,2,3,4 04/22/2025 New avionics 2x Garmin GTN 750s WAAS/LPV 2x Garmin G600 TXI ADSB In and Out-2xGTX-345 Garmin GNA- 345 Audio panel with Bluetooth, Garmin GI-275 Attitude Indicator, Garmin GWX - 75 Weather Radar Bandix/King KFC200 Auto Pilot Stratus USB (Pilot/Co-Pilot) Overhauled generators New hoses New tires New LED lights aircraft is in pristine condition and ready to fly.

Engine

PT6-28 with Overhauled generators New hoses

Interior

Complete new leather interior on passenger seats, new carpet, and sheep skin on pilot seats. New curtains, new headliner, and soundproofing with new speakers and lighting.

Exterior

Fresh Interior Event 1,2,3,4 04/22/2025 New

Description and equipment details provided by the seller. AeroGurus does not verify seller-provided information.

Price Comparison 1 active offer

Source Price Action
Marc Bruzzi
trade-a-plane.com
$995,000
Marc Bruzzi
aircraftdealer.com
$995,000
Fresh New Avionics
globalplanesearch.com
$995,000

Estimate Monthly Payment

Piper Cheyenne loan calculator

AeroGurus

AeroGurus Data & Analysis

Independent data from FAA, NTSB, and market analysis

About This Piper Cheyenne

This 1978 Piper Cheyenne (N53MC) is a 8-seat multi engine turboprop with 8,477 hours on the airframe. There are currently 24 Cheyenne aircraft listed for sale with asking prices ranging from $495,000 to $1,514,887. This aircraft is priced above the market average at $995,000.

The Cheyenne cruises at 240 kts (444 km/h) with a range of 1,400 nm (2,593 km) — suitable for regional and medium-distance travel. Service ceiling of 31,000 ft allows operation above most weather.

Operating costs: Fuel burn is 55 GPH (208 L/h), which at current Jet-A prices (~$5.50/gal) means approximately $302/hr in fuel alone. Total variable cost including maintenance reserves is approximately $650/hr. Annual fixed costs (hangar, insurance, crew, annual inspection) average $100,000. With 8,477 hours on the airframe, this aircraft has exceeded TBO (3,500 hrs) — verify engine status and overhaul reserve.

FAA registration status: Valid. NTSB records show 0 incidents for this airframe — a clean safety record.

Pre-Purchase Checklist

FAA registration: Valid (GULF AIR AVIATION INC)
Safety record: 0 NTSB incidents
Airframe: 8,477 hours — verify engine time vs TBO (3,500 hrs)
Budget $825 for pre-purchase inspection

Piper Cheyenne — Model Specs

Model specification

Standard specs for this model. Actual aircraft may differ.

Seats
8
Cruise Speed
240 kts (444 km/h)
Max Speed
262 kts (485 km/h)
Range
1,400 nm (2,593 km)
Ceiling
31,000 ft (9,449 m)
Max Weight
9,050 lbs (4,105 kg)
Useful Load
2,900 lbs (1,315 kg)
Fuel Capacity
365 gal (1382 L)
Fuel Burn
55 GPH (208 L/h)
Engines
2
TBO
3,500 hrs

Estimated Cost of Ownership

AeroGurus estimate

PIPER Cheyenne

Fuel Burn
55.0 GPH
~$358/hr
Variable Cost
$650/hr
fuel + mx + reserves
Annual Fixed
$100,000/yr
hangar + insurance + annual
Engine Overhaul
$300,000
every 3,500 hrs

AeroGurus estimates based on industry averages for the PIPER Cheyenne. Actual costs vary by location, usage, maintenance history, and configuration. Not a financial quote.

Ownership & Registration

Registered Owner

GULF AIR AVIATION INC

Registration Address

WILMINGTON, DE

Certificate Issued

2023-05-28

Airworthiness

1978-01-31

FAA Status

Valid

Source: FAA Aircraft Registry, updated Mar 15, 2026

Location & Ownership

FAA records

Aircraft Location

Tampa, FL

Seller reported 1014 more aircraft in FL →

Title Status

No FAA title records

Available for US-registered aircraft only

Location note: Listed in Tampa, FL but FAA registration shows WILMINGTON, DE. Aircraft may have been relocated. Confirm current location with seller.

Source: FAA Aircraft Registry, FAA Civil Aviation Registry (DocIndex). Title data may be delayed. Always verify with an aviation attorney before purchase.

Safety Record

No incidents found

NTSB database checked for N53MC.

AeroGurus Market Estimate AME

$995,000
Range: $995,000 — $995,000
Confidence: 40%
vs. Market
0%
Fair Price

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Prices and listings updated daily · Data: FAA Registry, NTSB · About our data
Disclaimer: All prices, cost estimates, and market values shown are based on asking prices from third-party sources and are provided for informational purposes only. AeroGurus is not an appraiser, broker, or financial advisor. Always obtain a professional appraisal and independent inspection before making a purchase decision. Actual transaction prices may differ from asking prices.