This is the large yard, on the sides and back of the Pegasus Dormitory building. In the very middle of the backyard, there is a large, white limestone waterfountain, that is gracefully shooting water no matter the weather. Following the unscathed, red brick path that starts at the doors placed on both sides of the building, and winds down, around the waterfountain, and out in four different directions, you will see many white granite benches. Also placed on both of the yards beside the buildings, are two large, fully grown oak trees--- perfect for reading under, and so on.
Special to the Pegasus Yard, there is a trail running from this particular yard, straight to the Stables. It is a dirt trail, nothing special, but is especially made for a nice stroll on a horse's back. Be careful, though, some of the horses are ill-tempered, and the trail is mostly isolated.