The Elder Scrolls III: Morrowind/Pegas Ranch

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Pegas Ranch layout

Pegas Ranch is located in the Grazelands Region, directly south of Vos (but if you hit Tel Vos you've come too far).

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Horse breeding chain

Like Pokémon, Pegas Ranch features rare breeds that can only be gained via breeding. The horses in the far-left column are the first evolution, and are the only ones that can be purchased. The others are accessible via breeding only.

Spoilers!

Spoiler warning! This section of the article contains spoilers, or hints about the game's storyline or progression.

You might want to skip down to the next heading if you do not want facts about the game's storyline or plot revealed to you.