Penrose Properties between $1,000,000 and $1,500,000 for Sale

Our website features the best real estate search for between $1,000,000 and $1,500,000 properties available in Penrose and surrounding areas. It is the only site you will ever need! It is easy-to-use and updated by the official REALTOR®’s database every 15 minutes.

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Newest Penrose Properties between $1,000,000 and $1,500,000 for Sale

$1,095,000

3 Beds ⋅ 3 Baths ⋅ 9660678 MLS

A truly one of kind property, that is in a class of its own. Custom sprawling rancher with over 2,200 sq. ft. with 3 bedrooms and 3 bathrooms. Here is where the uniqueness begins... Home is situated on 10 acres with 10 shares of Beaver Park Ditch Stock, beautiful landscaping, and a large producing hay field. Purchase includes adjoining 10 acre parcel, and comes with 5 shares of Beaver Park Ditch Stock, as well as a water tap. That's not all! The 10 acre parcel across the street, is also included in the purchase, and comes with 5 more shares of Beaver Park Ditch Stock. So altogether, that is 3 parcels, 30 acres, and 20 shares of irrigation. You will not find better or more manicured producing hay fields around! The property gives pride in ownership and entirely new meaning. Inside you are sure to admire the character and personal touches in every room! Storage inside and out will not be an issue. Outside offers an attached 2 car garage, a single detached garage, an oversized carport, and an additional building perfect for storing equipment, a workshop, or anything that would best suit your needs! The iron gated entry gives you an extra sense of privacy and security. Come take a look at this rare find that offers unapparelled hay fields, stunning views, and an overall appreciation for the amount of care and hard work that has been into this property.

1115 M St, Penrose

Courtesy of Re/Max Royal Gorge .

$1,300,000

3 Beds ⋅ 3 Baths ⋅ 7957906 MLS

Beaver Creek Ranch is a stunning 108-Acres with an Adobe-Style Home, Arena, Barn & More! Tucked away off of Highway 115, down a private driveway, this 2,915 sf adobe-style home sits on 108 acres of ranch land, perfectly equipped for both equestrian and agricultural pursuits. This property offers endless opportunities—whether you're looking for a working ranch, private retreat, or multi-use estate. The main level of the home boasts classic adobe character with beautiful wood beams, tile flooring, and spacious living. A large family room, separate living room, dining room, laundry room, and a kitchen with a walk-in pantry create a functional and inviting layout. The master suite features a generous walk-through closet. New flooring enhances the living space. Upstairs, a third bedroom and full bathroom with its own outdoor entrance provides great flexibility—ideal for guests, rental, multi generational living or can be used as a craft room. The home is largely self-sufficient with 72 solar panels. Sweeping mountain views and a seasonal creek attract abundant wildlife, creating a peaceful, scenic backdrop. For equestrian enthusiasts, this ranch is truly horse-ready. It features a 300' x 155' riding arena, a 50' x 115' barn with 9 stalls, tack room & hay storage. A loafing shed & 4 corrals with shipping chute. Approximately 30 acres of irrigated hay field provide agricultural potential, with hay freshly baled in August. The property comes with 31 shares of irrigated water shares through Beaver Park Water. Additional income is generated by a discreet internet tower leased to SECOM, located out of sight on a near by bluff. There is also a shooting range at the back of the property. With its private setting & wide-open spaces and located just north of downtown Penrose, close to Canon City, Pueblo & Colorado Springs, this unique property is a rare gem!

18530 Hwy 115, Penrose

Courtesy of Homesmart .

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