1987 Piper Cheyenne
Multi Engine Turboprop
Aircraft Details
Seller reportedAvionics & Equipment
IFRDescription
Impressive turbo-prop performance. Certified to 41,000 ft. in pressurized comfort. More than 5 hours endurance with near 350 kt cruise speed. One owner airplane, same pilot since 1993. Originally a factory demonstrator.See below for digitized logbooks.
Propeller
Counter-rotating Both props 653 hrs since new Carbon fiber spinners
Interior
Headliner, seats and carpeting updated over time with approved materials Inverter current to provide AC power in the club seating section. Creative Interiors Mid-ship cabinet assembly Leather seats Hot coffee in forward beverage pyramid Wine bottle storage and crushed ice in aft pyramid
Exterior
3-color modern paint scheme Whelen LED Anti-collision lights
Inspection
I/R/W Piper Progressive Inspection Program. Event 1 completed 10/2023. Next due in 98 hrs. or 3/2026. Event 2 completed 3/2025. Next due in 198 hrs. NOTE: These specifications are presented as introductory information only. They do not constitute representations or warranties of any kind. Accordingly, you should rely on your own inspection of this aircraft to verify correctness. The aircraft is subject to prior sale, and/or removal from the market
Modifications / STCs
• Spares and tools included with sale:
• Honeywell OEM Audio Panel (Serviceable and working when removed/replaced) (2)
• Incandescent digital display capsules for Collins Proline Nav/com Radio (3)
• Garrett/Honeywell Integrated Engine Control (IEC) Service Analyzer and Diagnostic Tool (1)
• OEM Engine Oil Pressure/Temperature Indicator (2)
• OEM Engine Oil Pressure Transducer (1)
• Nosewheel Rim and Tire (Serviceable when removed) (1)
• 400LS Tail Jack Pad Appliance (1)
• M-T Propeller Service and Removal Tool (2)
Description and equipment details provided by the seller. AeroGurus does not verify seller-provided information.
Price Comparison 1 active offer
| Source | Price | Location | Listed | Days on Market | Status | Action |
|---|---|---|---|---|---|---|
|
T J Neff
trade-a-plane.com
|
$999,000
|
Novato, CA | Mar 30, 2026 | — | Active | |
|
T.J Neff Aircraft Sales
aircraftdealer.com
|
$999,000
|
Novato, SC | Mar 15, 2026 | 1 days | Active | |
|
Listing Source
globalplanesearch.com
|
$999,000
|
Novato, CA | Mar 17, 2026 | — | Active | |
|
Tj Neff Aircraft Sales
controller.com
|
$999,000
|
Novato, CA | Mar 25, 2026 | — | Active | |
|
Tj Neff Aircraft Sales
controlleremea.co.uk
|
$1,016,588 *
GBP £755,000
|
Novato, CA | Apr 08, 2026 | — | Active | |
|
Tj Neff Aircraft Sales
aviationtrader.com.au
|
$1,032,039
|
Novato, California, Australia | Apr 06, 2026 | — | Active |
* Converted to USD at daily European Central Bank (ECB) exchange rates
Estimate Monthly Payment
Piper Cheyenne loan calculator
AeroGurus Data & Analysis
Independent data from FAA, NTSB, and market analysis
About This Piper Cheyenne
This 1987 Piper Cheyenne (N400VB) is a 8-seat multi engine turboprop with 7,352 hours on the airframe. There are currently 25 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 $999,000.
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 7,352 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
Piper Cheyenne — Model Specs
Model specificationStandard specs for this model. Actual aircraft may differ.
Estimated Cost of Ownership
AeroGurus estimatePIPER Cheyenne
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
KELLEHER CORPORATION
Registration Address
SAN RAFAEL, CA
Certificate Issued
1987-03-12
Airworthiness
1985-12-09
FAA Status
Valid
Source: FAA Aircraft Registry, updated Mar 15, 2026
Location & Ownership
Title Status
No FAA title records
Available for US-registered aircraft only
Source: FAA Aircraft Registry, FAA Civil Aviation Registry (DocIndex). Title data may be delayed. Always verify with an aviation attorney before purchase.
Safety Record
NTSB database checked for N400VB.
Price History
AeroGurus Market Estimate AME
Similar Aircraft for Sale
