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1989 PIPER MALIBU MIRAGE
Starts from the median asking price of 17 comparable PIPER MALIBU MIRAGE listings ($752,500), then adjusts for:
- Year -15 vs comparable listings -20.0%
- Airframe time +2,157 hr vs comps -4.3%
- Engine time +180 hr vs comps -0.5%
- Garmin GTN 750Xi (uncommon in comps) +3.5%
- Garmin G500 glass (uncommon in comps) +2.5%
- Modern GPS navigator (uncommon in comps) +3.0%
- Market supply: 28 for sale of 382 FAA-registered -2.3%
Shown as a range. An estimate from asking-price comparables and FAA supply data — not an appraisal.
Overview
| Make / Model | PIPER MALIBU MIRAGE |
|---|---|
| Type | Single-Engine Piston |
| Airframe time | 4,000 hrs |
| Engine time | 1,200 SNEW |
| Prop blades | 3 |
| Avionics / flight deck | GARMIN G500 |
| Avionics / GPS | Garmin GTN 750Xi, GTN 650 |
| Avionics / Other | Garmin GTN 650Xi, Garmin GSR 56, Garmin G500 |
| ADS-B | Yes |
| Inspection | Annual |
| Airworthy | Yes |
Description
4000h AFTT | TIO-540-AE2A with 1200h SNEW | 3 blade Hartzell propeller with 1520h SNEW | Garmin panel | redone paint/interior Pictures shown are a mix from 05/2024 in Germany when API Aviation was appointed first time to sell the aircraft. We sold the aircraft to its present owner in USA and such owner has appointed us to sell the aircraft again. Pictures taken in USA are from 03/2026. Feel free to call or e-mail us for more information. In case you do not receive an answer to your e-mail within 48h, please check your spam or call us. It will never be the case, that we would not respond to an inquiry. All specifications subject to verification upon inspection, withdrawal from market without prior notice.
Modifications
Ownership Status: The present owner is a US company since 10/2024 and the 4th owner in total. The aircraft was sold NEW from the factory to its first owner in 05/1989 in the USA. In 12/1990 the aircraft was sold to Denmark with a total time of 347h and became Danish registered. The Danish owner then sold this Mirage to a German company in 08/1994 and became “D” registered. Such German company then sold this Mirage onwards to its 3rd owner, a German company which was also an FAA repair station specialized on PA46 maintenance, back in 07/2015. Such FAA repair station owned this Mirage until 10/2024 before it was sold to its present owner, a US company and flown again to the USA. When the FAA repair station purchased the aircraft, the aircraft became “N” registered and the aircraft had undergone a major refurbishment including new paint, interior and avionics upgrade, all completed in 03/2016. The original airframe logbook from 05/1989 – 12/1990 is missing, however, a conformity inspection and additional 1000h according to manufacture requirements following consultation with the FAA had been performed as part of the “N” registration process and has been signed off on behalf of an FAA DAR. The aircraft had a NLG collapse in 12/1995 with a total time of 885h. An extensive repair had been conducted back then resulting in a firewall forward replacement. RH wing tip replaced due to hangar rash in 07/1998. Please inquire for any further details concerning these events. The aircraft is owner flown and always hangared. This Mirage has got a great special inspection Chapter 5-30 maintenance status such as document preparation in general. Information about Piper Malibu Mirage: The Piper Malibu is definitely the right investment to upgrade from the lower single engine piston segment into the world of fast and complex single engine piston travelling. With its avionic equipment and optional equipment, this Piper Malibu Mirage is definitely the right investment to upgrade from the lower single engine piston class into the higher single engine piston class, offering a spacy pressurized cabin, enabling private and business trips across all over Europe. The pressurized cabin permits to travel at high altitudes achieving satisfying cruising speeds and being able to achieve great take-off and landing performance with an existing FIKI certification. Performance Parameters and W&B Status: Cruises FL200 | 200KTAS | using 22GAL/h (ROP) | Initial climb rate 1000fpm | FL200 in 28 minutes MRW 1958kg/4318bs MTOW 1950kg/4300Ibs EW 1374kg/3028Ibs MUL 584kg/1288Ibs MUF 529l/140GAL PFF 203kg/447Ibs
Avionics
Autopilot: King KFC 150 with GAD43e 2 x PFD/MFD: Garmin G500 with Synthetic Vision on LH side 2 x COM/NAV/GPS: Garmin GTN750Xi and GTN 650Xi Satellite Weather: Garmin GSR 56 Datalink: Garmin GDL 60 Datlink for PlaneSync Engine Instruments: Garmin EIS TXi Traffic: Garmin GTS 825 Stormscope: BF Goodrich WX 500 Radar Altimeter: All provisions for Garmin GRA 5500 DME: King KN 63 Audio: Garmin GMA 35 ELT: Artex ELT ME406 with 406mHz Transponder: Garmin GTX 300ES (ADSB-Out) Mode S Standby Instruments: SAM MD302 Additional Features: Long range tanks (140GAL) Beringer Wheels and Brakes LED Taxi, Landing and NAV light Garmin Engine Instruments Air Condition
How this aircraft compares
Where this PIPER MALIBU MIRAGE lands versus other PIPER MALIBU MIRAGE listings on fyiAero.
Price
35th pct$579k · 35th percentile of 17 listings
Airframe time
90th pct4,000 hours total (TTAF) · 90th percentile of 20 listings
Engine time
63rd pct1,200 hours since new · 63rd percentile of 19 listings
Percentile = share of comparable listings at or below this value. Lower airframe/engine hours are generally fresher; price reflects the asking price only.
General
| Year | 1989 |
|---|---|
| Manufacturer | PIPER |
| Model | MALIBU MIRAGE |
| Serial Number | 4622043 |
| Registration # | N188LG |
| Condition | Used |
| FlightRules | IFR |
| Based at | Melbourne (FL), USA |
Airframe
| Total Time | 4,000 |
|---|---|
| Auxiliary Fuel Tank | Yes |
| Speedbrakes | Yes |
Engine
| Engine 1 Make/Model | LYCOMING TIO-540-AE2A |
|---|---|
| Engine 1 Time | 1,200 SNEW |
| Engine TBO | 2000 |
| Turbocharged | Yes |
Props
| Prop Manufacturer | HARTZELL |
|---|---|
| Prop Model | HC-I3YR-1N |
| Number of Blades | 3 |
| Blade Composition | Composite |
| Swept Blade Propellers | Yes |
Avionics
| Flight Deck Manufacturer/Model | GARMIN G500 |
|---|---|
| ADS-B Equipped | Yes |
| WAAS | Yes |
| LPV | Yes |
| SVT | Yes |
| Yaw Damper | Yes |
| Active Traffic | Yes |
| Terrain Warning System | Yes |
| Engine Monitor | Yes |
| Avionics/Radios | Autopilot: King KFC 150 with GAD43e 2 x PFD/MFD: Garmin G500 with Synthetic Vision on LH side 2 x COM/NAV/GPS: Garmin GTN750Xi and GTN 650Xi Satellite Weather: Garmin GSR 56 Datalink: Garmin GDL 60 Datlink for PlaneSync Engine Instruments: Garmin EIS TXi Traffic: Garmin GTS 825 Stormscope: BF Goodrich WX 500 Radar Altimeter: All provisions for Garmin GRA 5500 DME: King KN 63 Audio: Garmin GMA 35 ELT: Artex ELT ME406 with 406mHz Transponder: Garmin GTX 300ES (ADSB-Out) Mode S Standby Instruments: SAM MD302 Additional Features: Long range tanks (140GAL) Beringer Wheels and Brakes LED Taxi, Landing and NAV light Garmin Engine Instruments Air Condition |
Additional Equipment
| Oxygen System | Yes |
|---|---|
| Flight Into Known Icing (FIKI) | Yes |
| A/C | Yes |
| Additional Equipment | Ownership Status: The present owner is a US company since 10/2024 and the 4th owner in total. The aircraft was sold NEW from the factory to its first owner in 05/1989 in the USA. In 12/1990 the aircraft was sold to Denmark with a total time of 347h and became Danish registered. The Danish owner then sold this Mirage to a German company in 08/1994 and became “D” registered. Such German company then sold this Mirage onwards to its 3rd owner, a German company which was also an FAA repair station specialized on PA46 maintenance, back in 07/2015. Such FAA repair station owned this Mirage until 10/2024 before it was sold to its present owner, a US company and flown again to the USA. When the FAA repair station purchased the aircraft, the aircraft became “N” registered and the aircraft had undergone a major refurbishment including new paint, interior and avionics upgrade, all completed in 03/2016. The original airframe logbook from 05/1989 – 12/1990 is missing, however, a conformity inspection and additional 1000h according to manufacture requirements following consultation with the FAA had been performed as part of the “N” registration process and has been signed off on behalf of an FAA DAR. The aircraft had a NLG collapse in 12/1995 with a total time of 885h. An extensive repair had been conducted back then resulting in a firewall forward replacement. RH wing tip replaced due to hangar rash in 07/1998. Please inquire for any further details concerning these events. The aircraft is owner flown and always hangared. This Mirage has got a great special inspection Chapter 5-30 maintenance status such as document preparation in general. Information about Piper Malibu Mirage: The Piper Malibu is definitely the right investment to upgrade from the lower single engine piston segment into the world of fast and complex single engine piston travelling. With its avionic equipment and optional equipment, this Piper Malibu Mirage is definitely the right investment to upgrade from the lower single engine piston class into the higher single engine piston class, offering a spacy pressurized cabin, enabling private and business trips across all over Europe. The pressurized cabin permits to travel at high altitudes achieving satisfying cruising speeds and being able to achieve great take-off and landing performance with an existing FIKI certification. Performance Parameters and W&B Status: Cruises FL200 | 200KTAS | using 22GAL/h (ROP) | Initial climb rate 1000fpm | FL200 in 28 minutes MRW 1958kg/4318bs MTOW 1950kg/4300Ibs EW 1374kg/3028Ibs MUL 584kg/1288Ibs MUF 529l/140GAL PFF 203kg/447Ibs |
Interior
| Year Interior | 2016 |
|---|---|
| Number of Seats | 6 |
| Configuration | Passenger |
Exterior
| Year Painted | 2016 |
|---|
Inspection Status
| Inspection Status | 03/2016 performed major avionics upgrade, aircraft repaint, interior refurbishment and “N” registration 07/2021 performed 500h magnetos inspection 08/2021 performed 240M fuselage and wing fluid hoses replacement 10/2020 performed 120M oxygen generators replacement 03/2021 performed 60M tail corrosion inspection 09/2021 performed 1000h flap tracks, flap roller bolts and aileron hinge bolts inspection 08/2022 performed 96M/1000h engine oil and fuel hoses and NLG hydraulic hoses replacement 08/2022 performed 240M fluid hoses replacement 08/2022 performed 72M/2400h propeller governor overhaul 05/2024 performed 84M/2000h aircraft structure inspection 06/2024 performed RH turbo charger replacement 10/2024 performed 600h vacuum pump replacement 10/2024 performed 120M airborne check valve 1H5-18 and 1H5-20 replacement 11/2024 performed spark plugs replacement 02/2025 performed 2000h fuel boost bump replacement 06/2025 performed annual/100h inspection 08/2025 performed sequence valve replacement 09/2025 performed 600h vacuum pump replacement 11/2025 performed 120M/2000h alternator replacement 12/2025 performed starter replacement 03/2026 performed LH pilot windshield replacement All mandatory SB and AD complied with. |
|---|---|
| Airworthy | Yes |
