Penrose Real Estate | Penrose Properties between $500,000 and $600,000 for Sale

Welcome to 760 Grant Street, Penrose, CO—a truly one-of-a-kind property offering an incredible combination of acreage, living space, and versatility. Priced at $525,000, this is a rare opportunity to own the kind of property that seldom becomes available. Situated on 1.9 acres, this unique property provides the space, privacy, and flexibility to fit a wide variety of lifestyles. Whether you're dreaming of a family compound, hobby farm, multi-generational living, or simply owning a property with room to grow, the possibilities here are truly endless. The main residence features an impressive 7 bedrooms and 3 bathrooms, offering abundant living space for large families or those who simply appreciate room to spread out. Beyond the living space, the property's outbuildings add tremendous character and functionality. The combination of the home, barn, loft barn, and expansive acreage creates a setting that is difficult to replicate in today's market.

760 Grant Street, Penrose

Courtesy of JPAR Modern Real Estate . teamgoodvin@gmail.com,970-324-4748

$554,900

3 Beds ⋅ 2 Baths ⋅ 6303050 MLS

Surrounded by mountain views and open skies, this well-maintained ranch-style home offers the convenience of true main-level living on a level, usable property designed for both comfort and flexibility. Daily living is effortless with the primary living areas, laundry, and mechanical systems all located on the main floor. The spacious living room features vaulted ceilings, a gas fireplace, and transom windows that fill the home with natural light. Just beyond, the bright dining area creates a welcoming space for everyday meals and larger gatherings. The kitchen offers extensive custom wood cabinetry, generous counter space, stainless steel appliances, and a highly functional layout with abundant storage. The primary suite enjoys direct access to the backyard patio through a newer Andersen sliding door, while an additional slider off the dining area creates a seamless connection between indoor and outdoor living spaces. Outside, the property's level acreage offers exceptional versatility. The large circular driveway provides convenient access and ample room for guests, RVs, trailers, campers, and equipment. Mountain views can be enjoyed from both the front and rear of the property, while the backyard patio creates an inviting space for relaxing, entertaining. The oversized garage is a standout feature, complete with custom-built workbenches, extensive storage, bright lighting, and durable flooring—ideal for hobbies, projects, or organization. Solar panels help improve energy efficiency and contribute to long-term utility savings. The unfinished basement provides significant storage and future expansion opportunities, featuring a roughed-in bathroom and partitioned areas that could accommodate additional bedrooms, office space, a recreation room, or expanded living quarters. Located in an area known for larger parcels and rural character, the property offers the flexibility many buyers are seeking, including space for horses and animals.

116 Top Notch Trl, Penrose

Courtesy of Pulse Real Estate Group Llc .

$535,000

4 Beds ⋅ 3 Baths ⋅ 9249842 MLS

If you’re searching for horse property in Penrose, Colorado with acreage, barn, and usable land, this property at 855 Marilyn Drive checks all the boxes. Situated on 3 acres of fully usable land, this Colorado horse property is already set up for animals with fenced pasture, a barn, horse sheds, and room for additional corrals or riding areas. The home offers 2,952 total finished square feet, including 1,476 square feet on the main level and a fully finished 1,476 square foot basement, providing plenty of flexible space for living, entertaining, hobbies, or guests. The main level features attractive wood-look tile flooring, giving the warmth and appearance of hardwood with the durability and easy maintenance that works perfectly for country living. A major advantage of this acreage property in Fremont County is the excellent water setup. The home is connected to municipal water for household use, while the property also includes two wells, including a dedicated livestock well, making it ideal for horses, livestock, or small agricultural use. Additional improvements include a detached garage for vehicles, equipment, or workshop space, along with established horse facilities that make this a true turnkey horse property. Located in the desirable Penrose, Colorado rural community, this property offers the peaceful lifestyle buyers look for when searching for horse property near Cañon City, Florence, and Colorado Springs. You’ll enjoy wide-open space, room for animals, and the flexibility that comes with owning Colorado acreage with horse facilities and multiple water sources. Horse properties with usable acreage, barns, wells, and a finished home are becoming harder to find in the Penrose and Fremont County area. If you’ve been looking for a move-in ready Colorado horse property, this one deserves a closer look.

855 Marilyn Dr, Penrose

Courtesy of Pikes Peak Dream Homes Realty .

$554,900

3 Beds ⋅ 2 Baths ⋅ 240426 MLS

Surrounded by mountain views and open skies, this well-maintained ranch-style home offers the convenience of true main-level living on a level, usable property designed for both comfort and flexibility. Daily living is effortless with the primary living areas, laundry, and mechanical systems all located on the main floor. The spacious living room features vaulted ceilings, a gas fireplace, and transom windows that fill the home with natural light. Just beyond, the bright dining area creates a welcoming space for everyday meals and larger gatherings. The kitchen offers extensive custom wood cabinetry, generous counter space, stainless steel appliances, and a highly functional layout with abundant storage. The primary suite enjoys direct access to the backyard patio through a newer Andersen sliding door, while an additional slider off the dining area creates a seamless connection between indoor and outdoor living spaces. Outside, the property's level acreage offers exceptional versatility. The large circular driveway provides convenient access and ample room for guests, RVs, trailers, campers, and equipment. Mountain views can be enjoyed from both the front and rear of the property, while the backyard patio creates an inviting space for relaxing, entertaining. The oversized garage is a standout feature, complete with custom-built workbenches, extensive storage, bright lighting, and durable flooring—ideal for hobbies, projects, or organization. Solar panels help improve energy e

116 Top Notch Trl, Penrose

Courtesy of Pulse Real Estate Group Llc .

$554,900

3 Beds ⋅ 2 Baths ⋅ 2880809 MLS

Surrounded by mountain views and open skies, this well-maintained ranch-style home offers the convenience of true main-level living on a level, usable property designed for both comfort and flexibility. Daily living is effortless with the primary living areas, laundry, and mechanical systems all located on the main floor. The spacious living room features vaulted ceilings, a gas fireplace, and transom windows that fill the home with natural light. Just beyond, the bright dining area creates a welcoming space for everyday meals and larger gatherings. The kitchen offers extensive custom wood cabinetry, generous counter space, stainless steel appliances, and a highly functional layout with abundant storage. The primary suite enjoys direct access to the backyard patio through a newer Andersen sliding door, while an additional slider off the dining area creates a seamless connection between indoor and outdoor living spaces. Outside, the property's level acreage offers exceptional versatility. The large circular driveway provides convenient access and ample room for guests, RVs, trailers, campers, and equipment. Mountain views can be enjoyed from both the front and rear of the property, while the backyard patio creates an inviting space for relaxing, entertaining. The oversized garage is a standout feature, complete with custom-built workbenches, extensive storage, bright lighting, and durable flooring—ideal for hobbies, projects, or organization. Solar panels help improve energy efficiency and contribute to long-term utility savings. The unfinished basement provides significant storage and future expansion opportunities, featuring a roughed-in bathroom and partitioned areas that could accommodate additional bedrooms, office space, a recreation room, or expanded living quarters. Located in an area known for larger parcels and rural character, the property offers the flexibility many buyers are seeking, including space for horses and animals.

116 Top Notch Trail, Penrose

Courtesy of Pulse Real Estate Group LLC . coddingtonscott@gmail.com,719-238-3536

$519,999

3 Beds ⋅ 2 Baths ⋅ 4487813 MLS

Welcome home to this beautifully updated stucco ranch-style property situated on 10 peaceful acres in Penrose, Colorado. Offering 3 bedrooms and 2 bathrooms, this home combines modern upgrades with country charm and exceptional energy efficiency. Inside, you'll find fresh paint, updated ceiling fans, smart lighting, and a fully remodeled bathroom. Major system updates provide peace of mind, including a brand-new heat pump and A/C, a 2022 water heater, and a 2023 energy-certified wood-burning fireplace. The exterior is equally impressive with a durable 2023 metal roof, solar power system, and new windows installed in 2023, helping maximize comfort and efficiency year-round. Whether you're looking for room for animals, outdoor recreation, or simply space to enjoy Colorado's wide-open skies, this 10-acre property offers endless possibilities. Experience the perfect blend of modern convenience, energy-conscious living, and rural tranquility.

1747 16th Street, Penrose

Courtesy of The Cutting Edge . 720-425-0851

$575,000

3 Beds ⋅ 2 Baths ⋅ 4779726 MLS

Wonderful 10 acre horse facility for sale in Penrose C0. Great location 30 minutes to both Colo Springs and Pueblo. This property has gorgeous mountain views a mild climate, and is close to many riding trails including Brush Hollow Reservoir. The 36 x 84 barn is a one of a kind structure custom built by the previous owner. Inside there are 5 stalls with attached runs, wash bay, heated tack room, ample hay storage, and lofts on each end. The 12' breezeway leaves plenty of room for tractor or utility vehicle access. The barn has several electrical outlets and lighting installed for tank heaters and late night winter feedings. In addition to the fantastic barn this property boasts 3 other paddocks each with a Shelter Logic Shelter, and one other enclosure with a 10 x 20 metal loafing shed. For hay storage there is a 30 x 40 metal building on the east side of the property. The outdoor arena measures 100 x 200 and is located close to the barn, round pen and other enclosures. In front of the barn there is a centrally located 60' round pen and a property security light. 4 water spigots and electricity are available throughout the property, and there is a 30 amp RV hook up and a dump site location (Great for hosting visitors!) The 8 acre hay field is currently planted with a grass alfalfa mixture and has 8 shares of irrigation water included. It is being used as pasture at this time but has also been cut for hay in years past. The 3 bedroom 2 bath modular home is a recent addition to this property and received its final CO Inspection of May of 2024.. The 1440 square foot home is a renovated commercial building (built in 2000) with a brand new interior. All flooring, electrical, plumbing, septic, appliances heating and cooling systems are brand new. The mini split system is working efficiently and is a cost effective way to heat and cool each room individually. The homes exterior has been recently painted and a 10 x 16 deck has been added to the front of the home.

895 B Street, Penrose

Courtesy of Home Sold Realty, LLC . HOMESOLDREALTY@gmail.com,833-700-2782

Penrose Properties between $500,000 and $600,000 for Sale

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