Airmart
Airmart
Pre-Owned Inventory · Lexington, KY

Mooney Aircraft for Sale

4.8 / 5 · 151 Verified Reviews

AirMart brokers Mooney aircraft from Lexington Bluegrass Airport in Kentucky and sells nationwide. We currently have three Mooneys available: a turbocharged M20K 231, an M20R Ovation, and an Ovation2 GX with factory Garmin G1000 glass.

View Current Mooney Listings Call (859) 233-9399
3Mooneys Available
190ktTop Cruise
1,100lbUseful Load · Ovation
10gphBest Burn · M20K 231
Why Mooney

Speed a Twin Would Envy

If you are shopping Mooneys you already know the appeal. These airplanes hold speeds that embarrass a lot of twins while burning single-engine fuel and carrying single-engine insurance. What listings rarely tell you is which of these three suits your flying, what each is genuinely worth this year, or how Mooney parts support actually looks in 2026. That is what the rest of this page covers.

Fuel Per Mile, Not Per Hour

The turbocharged M20K 231 cruises in the high 180s on roughly 10 to 12 gallons an hour. That is the best fuel-per-mile figure of anything on our ramp.

Four Seats You Can Actually Fill

The M20R Ovation carries roughly 1,100 pounds of useful load. Four adults and real baggage is an honest conversation, not a fuel-versus-passengers compromise.

Factory Glass, Not a Retrofit

The Ovation2 GX left Kerrville with a Garmin G1000 wired on the production line. Fewer gremlins, cleaner documentation, better resale.

Current Inventory

Three Mooneys On The Ramp

Every aircraft below has complete logbooks with verified airframe and engine times. Call (859) 233-9399 and we will walk you through all three.

Mooney M20K 231 N1047A showing the swept vertical tail and retractable gear N1047A

Mooney M20K 231

  • Turbocharged TSIO-360
  • 210 HP
  • 10–12 GPH
  • 4 Seats
  • GNS 430W WAAS

The M20K 231 is the turbocharged Mooney. A Continental TSIO-360 puts out 210 horsepower and, more to the point, keeps putting it out as you climb. Where a normally aspirated engine is running out of breath at 10,000 feet, the 231 is still making sea-level power and picking up true airspeed with every thousand feet. Cruise runs from the mid 170s down low into the high 180s and beyond up high, on roughly 10 to 12 gallons an hour. That is the best fuel-per-mile figure of anything on our ramp.

N1047A carries Garmin GNS 430W WAAS GPS/COM navigation, retractable gear, four seats, and complete logbooks with verified TTAF and SMOH figures.

The 231 makes the most sense if you fly west of the Mississippi, cross weather regularly, or want the option of getting on top rather than picking through. The tradeoff is that a turbocharger is one more expensive thing to maintain, and turbo overhauls are not cheap. If you fly mostly below 10,000 feet in the eastern half of the country, you are paying for capability you will rarely use.

View N1047A Full Specifications
Mooney M20R Ovation N21625 on the ramp N21625

Mooney M20R Ovation

  • Continental IO-550
  • 280 HP
  • 14–17 GPH
  • ~1,100 LB Useful
  • IFR Certified

The Ovation is the load-hauler. A normally aspirated Continental IO-550 makes 280 horsepower, and the airframe carries roughly 1,100 pounds of useful load, which is a genuinely large number for a four-seat single. This is the Mooney where four adults and real baggage is an honest conversation rather than a fuel-versus-passengers compromise.

Cruise sits around 175 to 190 knots depending on altitude and how aggressively you lean. Fuel burn runs 14 to 17 gallons an hour, so it drinks more than the 231, but it gets there faster at the altitudes most people actually fly, and the engine is simpler. No turbo means one less system to maintain, one less thing to overhaul, and generally lower cost per hour over the life of ownership.

N21625 comes with full maintenance records, verified engine and airframe times, and IFR-certified avionics.

View N21625 Full Specifications
Garmin G1000 glass cockpit panel in Mooney M20R Ovation2 GX N993JT N993JT

Mooney M20R Ovation2 GX

  • Factory G1000
  • Synthetic Vision
  • WAAS GPS
  • Terrain & Traffic
  • 280 HP IO-550

Same airframe and same engine as the Ovation, with a factory-installed Garmin G1000 glass panel. Dual displays, integrated autopilot, WAAS GPS, synthetic vision, terrain awareness, and traffic, all wired on the production line rather than retrofitted afterwards.

That distinction matters more than people expect. Aftermarket glass conversions are common and many are done well, but factory installations use harnesses and interfaces engineered for the airframe. Fewer gremlins, cleaner documentation, and better resale.

Performance is identical to the standard Ovation. What you are buying is a substantially lower workload in IMC and a panel that will still look current in ten years. N993JT has complete logbooks and documented maintenance history.

View N993JT Full Specifications
231 vs Ovation

Which Of The Three Fits Your Mission

The Ovation and the Ovation2 GX fly identically. Choose between them on panel and budget, not performance. The real decision is the 231 versus the Ovations, and it comes down to altitude and load.

Specification M20K 231 M20R Ovation / Ovation2 GX
Engine Continental TSIO-360, turbocharged, 210 hp Continental IO-550, normally aspirated, 280 hp
Cruise ~175–190 KTAS, faster as you climb ~175–190 KTAS at typical altitudes
Fuel burn ~10–12 gph ~14–17 gph
Useful load ~900 lb ~1,100 lb
Best for High-altitude and weather flying Carrying people and bags
Maintenance Turbo adds cost and complexity Simpler, lower cost per hour

Take the 231 if…

Efficiency and altitude capability matter most and you usually fly with one or two people.

Take an Ovation if…

You regularly load four seats, or if you would rather not own a turbocharger.

How Mooneys compare to other types

A Beechcraft Bonanza gives you a wider cabin and better rear-seat comfort, but burns noticeably more fuel for comparable speed. A Cirrus SR22 brings the airframe parachute and fixed gear that keeps insurance cheaper, but it is slower than an Ovation on more fuel. The Mooney trades cabin width for efficiency. How you feel about that trade should decide your purchase, and it is worth sitting in all three before you commit. If you are still narrowing the field, browse our full range of small planes for sale.

Market Pricing

What These Mooneys Cost

Within any one model, panel condition and engine time move price far more than the year on the registration. Two Ovations of the same vintage can be six figures apart.

Model Typical market range
M20K 231$110,000 – $180,000
M20R Ovation$180,000 – $330,000
M20R Ovation2 GX$250,000 – $400,000

Call for current pricing

Asking prices move with the market and we would rather quote you something accurate than post a number that ages badly. Reach us on (859) 233-9399.

Running Costs

Budget $18,000 to $30,000 a year depending on which airplane and how much you fly. Two line items catch people out. The first is the annual inspection, which runs higher on a Mooney than on a fixed-gear Cessna because of the retractable gear and tight cowling access. The second is the fuel tank reseal. Mooney wet wings eventually weep, and a reseal is a five-figure job, so on any Mooney you are considering, find out when it was last done.

Engine Reserve

Set aside roughly $25 to $35 per hour on the Ovations and somewhat more on the turbocharged 231, since turbo overhauls carry their own cost.

The Question Everyone Asks

The Parts Question, Answered Honestly

Every Mooney buyer asks about this and most sellers dodge it. Here is the actual state of play.

2019

Production Stops

Mooney stopped building airplanes. The Kerrville, Texas factory laid off most of its workforce.

2020–2025

Supply Genuinely Bad

Owners waited months for components and some aircraft sat grounded. This is the period the reputation comes from.

2026

LASAR Takes Distribution

Mooney reopened its Kerrville Factory Service Center under owner Jonny Pollack. In January 2026 LASAR, a Mooney specialist in Prineville, Oregon, became primary parts distributor under a formal agreement.

Mooney still holds the type certificate and still manufactures certified parts. LASAR is funding a rebuild of the parts operation and has spent recent months revalidating engineering drawings, rebuilding tooling, and re-engaging suppliers. Their first-year production programme is worth around $3 million, sequenced so the low-volume "grounding" parts that make an aircraft unairworthy sit at the front of the queue. A new service centre portal gives shops real-time inventory visibility and AOG prioritisation.

Our read is that fleet support is in better shape now than at any point since 2019. There are roughly 35 authorised Mooney service centres in the US and 10 abroad, plus a deep salvage and aftermarket network and an unusually active owner community. Common consumables are not a problem. Some model-specific structural parts can still take time.

The catch

Mooney-built parts went up 30 percent in price at the same time. LASAR's position is that these components had been sold below cost for years, which is part of how the supply chain broke in the first place.

If you want a straight answer about a particular aircraft's parts exposure before you commit, ask us. We will tell you if we think it is a risk.

Pre-Buy

What To Check Before You Buy

Whether you buy from us or somewhere else, get eyes on these.

Fuel Tank Reseal History

Ask when, ask who did it, ask for the invoice.

Gear Rigging & No-Back Spring

Mooney gear is electric and type-specific. It needs a mechanic who knows the system.

Corrosion In The Steel Cage

The cabin structure is welded steel, not aluminium, and corrosion can hide under the interior.

Turbocharger & Exhaust

On the 231, where heat cycling is hard on everything downstream of the engine.

Logbooks & Damage History

Gaps matter and they show up again at resale.

Autopilot Supportability

An unsupported legacy autopilot is a five-figure surprise waiting to happen.

Use a shop that works on Mooneys specifically

A good general A&P will miss things a Mooney service centre catches in an hour. We can arrange the pre-buy at a facility that knows the type.

Working With Us

Buying Through AirMart

We handle the parts of an aircraft purchase that go wrong when nobody is watching them.

Valuation

Against real market comparables rather than wishful asking prices.

Pre-Buy Inspection

At a shop that knows Mooneys, not a general A&P seeing one for the first time.

Title, Escrow & Closing

Title and lien searches, escrow, and closing handled end to end.

Financing Introductions

Lenders who write aircraft paper at terms typically running 10 to 20 years for qualified buyers.

Not seeing the right airplane?

If none of these three is the right airplane for you, tell us what is. A meaningful share of good used aircraft trade before they are ever advertised, and we know who is thinking about selling. That is most of what a broker is actually for. You can also browse everything currently on our ramp on the aircraft for sale page.

FAQ

Frequently Asked Questions

The M20K 231 generally trades between $110,000 and $180,000. The M20R Ovation runs $180,000 to $330,000, and an Ovation2 GX with the factory G1000 sits higher, typically $250,000 to $400,000. Engine time and panel condition move price more than model year. Call us for current pricing on our aircraft.

For most low-time pilots, no, and your insurer will say the same. Retractable gear and a slippery airframe means the aircraft is unforgiving if you get behind it on approach. With 200 hours or more and proper transition training, a Mooney is very manageable. Below that, insurance gets expensive if you can get it at all. Get a quote before you sign a purchase agreement, not after.

Yes, and it is easier now than two years ago. Mooney holds the type certificate and manufactures certified parts, and since January 2026 LASAR has handled distribution under a formal agreement, backed by a roughly $3 million first-year parts programme that prioritises airworthiness-critical items. Factory parts prices rose about 30 percent at the same time. Salvage and aftermarket sources cover much of the rest.

The 231 is turbocharged with a 210hp Continental TSIO-360, so it holds power as it climbs and gets faster with altitude. The Ovation is normally aspirated with a 280hp IO-550, so it is quicker at typical altitudes, simpler to maintain, and carries roughly 200 pounds more. The 231 burns less fuel. The Ovation carries more and generally costs less per hour to keep running.

Factory-installed Garmin G1000 with dual displays, integrated autopilot, WAAS GPS, synthetic vision, terrain awareness, and traffic. Because it was fitted on the production line rather than retrofitted, the wiring and system integration tend to give fewer problems than aftermarket glass conversions.

Around 175 to 190 knots true, depending on altitude and leaning. The Ovation2 GX performs identically since it shares the same engine and airframe.

We work with lenders who specialise in aircraft. Terms typically run 10 to 20 years for qualified buyers. Call and we will make the introduction and help with the application.

Talk To Us About These Aircraft

Call AirMart to discuss the M20K 231, the M20R Ovation, or the Ovation2 GX. We can send full specifications, arrange a viewing, or set up a pre-buy inspection. If none of the three fits your mission, we will say so and go find what does.

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AirMart · Lexington Bluegrass Airport · Lexington, Kentucky
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AIRMART AIRCRAFT SALES & BROKERAGE

4144 Aviator Rd #150
Lexington, KY 40510

Located at the Blue Grass Airport (KLEX)

Specifications for this aircraft are believed to be accurate but are not warranted. It is the responsibility of the buyer to confirm all specifications, equipment, and times. AirMart does not represent or warrant the working order, merchantability, or operability of any equipment. Airplanes are dynamic assets whose condition, availability, and details may change without notice. All information is subject to independent verification and inspection by the buyer. Availability cannot be guaranteed, as the aircraft may be sold, leased, or withdrawn from the market at any time.
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Based on 158 reviews
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