Penrose Real Estate | Penrose Just Listed Properties for Sale

THIS IS A 14 UNIT MOBILE HOME PARK. 3 MOBILE HOMES ARE OWNED BY THE PARK AND GO WITH THE SALE. 11 SPACES ARE RENTED TO OTHER PRIVATELY OWNED MOBILE HOMES. DOMESTIC WATER IS FROM PENROSE WATER DISTRIC AND THE SEWAGE IS A SEPTIC SYSTEM. THE SEPTIC TANK WAS INSTALLED NEW IN 7/26. THE OWNER RARELY HAS A VACANCY. THE NET INCOME WAS $78250. SELLER PAYS SECURITY LIGHTING, TRASH AND REAL ESTATE TAXES. THE EXPENSES LAST YEAR WERE $1970. THE RENT ROLL IS IN SUPPLEMENTS BELOW THE PHOTO.

833 C St, Penrose

Courtesy of Fremont Realty LLC .

$1,100,000

5 Beds ⋅ 5 Baths ⋅ 8413294 MLS

Discover a distinctive country estate on 4 acres in Penrose, Colorado, conveniently located near Cañon City, Florence, Pueblo, and Colorado Springs. Offering spectacular views of the Sangre de Cristo Mountains and iconic Pikes Peak, this unique property combines country living, beautiful landscaping, and exceptional versatility. The primary home features over 3,000 square feet, 4 bedrooms, 4 bathrooms, three fireplaces, and multiple living areas. The spacious kitchen boasts a double oven, built-in pizza oven, new cooktop, and new dishwasher. New Flooring has been installed in the past few years. The home has undergone numerous tasteful remodeling and new Windows and sliding glass doors. A coffee bar and living room wet bar add special touches, while mountain views from numerous windows bring Colorado's scenery indoors. Beautifully landscaped grounds feature European apple and pear trees, an approximately 9,000-gallon koi pond and a new fountain in the main homes back yard, and drip irrigation supplied by Beaver Park Ditch share water. Multiple spacious patios, three separate courtyards, and an outdoor cooking oven create inviting spaces for outdoor entertaining and enjoying the peaceful surroundings. A second building of over 2,000 square feet includes a full kitchen with a new double drawer Cafe Dishwasher, full bathroom with tub and shower, an upstairs bedroom, and a large great room. This building has housed the successful Brush Hollow Winery for several years. The thriving, growing winery is relocating to a larger location; the real estate is being offered for sale. The fully insulated 30' x 40' garage/shop currently serves the winery's production needs and offers additional potential, subject to applicable approvals. Zoning accommodates livestock such as horses, offering added appeal for those seeking a country lifestyle. Enjoy mountain views, room to spread out, and convenient access to nearby communities at this exceptional Penrose property.

465 D St, Penrose

Courtesy of Keller Williams Performance Realty .

$1,299,000

4 Beds ⋅ 3 Baths ⋅ 8216103 MLS

A once-in-a-lifetime opportunity to own a true piece of the American dream! This beautiful custom home is nestled on over 63 acres and offers privacy, space, and breathtaking 360° mountain views. A charming bell calls everyone together to gather and enjoy the beauty of Colorado. The main residence features a private primary suite secluded from the other bedrooms, plus a private den with slate floors, fireplace, and separate garage entrance. The heart of the home is a cook’s kitchen with commercial refrigerator/freezer, mahogany cabinets, pass-through, and galvanized steel flooring. A family size dining room and main living room open to a composite deck, creating an ideal space for entertaining. A private loft getaway provides children with their own special retreat. Downstairs offers a family room with wood-burning stove, second bedroom with attached ¾ bath, two additional bedrooms, another bath, and abundant storage throughout. Passive solar adds to the home's thoughtful design. Step outside to enjoy stunning mountain views from the deck or patio, stroll the acreage, or gather around the fire pit for an unforgettable evening. A separate Casita features its own kitchen, living room, and bedroom—perfect for guests, a college student, or rental income. Dreaming of a private gym? A dedicated building is ready for your fitness space and includes a mini-split for heating and cooling. History enthusiasts will love the original Trapper Cabin brought to the property from South Park, offering a charming private retreat. The property also includes a graveled RV parking area, grazing land, round pen, and small-animal building secured by a 6-foot chain-link fence. Come live your Colorado dream—where majestic views, clean mountain air, privacy, and endless possibilities await. This is more than a home. It is a place to breathe deeply, slow down, gather

68948 Us Highway 50, Penrose

Courtesy of Keller Williams Clients Choice Realty . 719-660-6071

$90,000

242744 MLS

This parcel is 4.72 acres and is currently be used to grow hay and is fully fenced. There is a water tap on this property and power to the road. Seller is willing to convey 5 shares of Beaver Park Water with an acceptable offer. Parcel #3937090015001 is also being sold with 4.72 acres and there is a home, barn and well on that property (MLS R242134A)

1442 K St, Penrose

Courtesy of RE/MAX Associates .

$1,299,000

4 Beds ⋅ 3 Baths ⋅ 4480405 MLS

once-in-a-lifetime opportunity to own a true piece of the American dream! This beautiful custom home is nestled on over 63 acres and offers privacy, space, and breathtaking 360° mountain views. A charming bell calls everyone together to gather and enjoy the beauty of Colorado. The main residence features a private primary suite secluded from the other bedrooms, plus a private den with slate floors, fireplace, and separate garage entrance. The heart of the home is a cook’s kitchen with commercial refrigerator/freezer, mahogany cabinets, pass-through, and galvanized steel flooring. A family-size dining room and main living room open to a composite deck, creating an ideal space for entertaining. A private loft getaway provides children with their own special retreat. Downstairs offers a family room with wood-burning stove, second bedroom with attached ¾ bath, two additional bedrooms, another bath, and abundant storage throughout. Passive solar adds to the home's thoughtful design. Step outside to enjoy stunning mountain views from the deck or patio, stroll the acreage, or gather around the fire pit for an unforgettable evening. A separate Casita features its own kitchen, living room, and bedroom—perfect for guests, a college student, or rental income. Dreaming of a private gym? A dedicated building is ready for your fitness space and includes a mini-split for heating and cooling. History enthusiasts will love the original Trapper Cabin brought to the property from South Park, offering a charming private retreat. The property also includes a graveled RV parking area, grazing land, round pen, and small-animal building secured by a 6-foot chain-link fence. Come live your Colorado dream—where majestic views, clean mountain air, privacy, and endless possibilities await. This is more than a home. It is a place to breathe deeply, slow down, gather with the people you love, and experience the freedom of wide-open Colorado living. Come live your dream and enjoy life!

68948 Us Highway 50, Penrose

Courtesy of Keller Williams Clients Choice Realty .

$799,000

5 Beds ⋅ 3 Baths ⋅ 9843746 MLS

Welcome to 2134 Tepley Trail. Set on approximately 35 acres in Penrose, this 5-bedroom, 3-bath home delivers the Colorado lifestyle—privacy, 360-degree views, room for animals, trails and outdoor living, with easy access to Highway 115 to commute to Colorado Springs, Pueblo and Penrose. Inside, natural wood accents, large windows and multiple living spaces create a warm, inviting home. The refreshed kitchen features refinished cabinetry and countertops, updated hardware and stainless appliances. Five bedrooms provide flexibility for family, guests, offices or hobbies, while the upstairs bedroom area includes a rough-in for a future 4th bathroom. A partially finished heated and cooled bonus/storage/workshop space adds even more versatility. Outside, the acreage is ready to enjoy with a goat/chicken barn area, large chicken run and coop, fenced pasture for small livestock, raised garden beds and approximately 2 fenced acres around the home, including a .2-mile walking loop. A south gate provides access to the property's trail system, while multiple pergolas, established landscaping and a hot tub create inviting outdoor spaces. Major improvements include a 30-year warrantied roof, professional-grade septic system, updated windows throughout most of the home, new stucco, serviced and inspected well, improved driveway and road base, updated bathrooms, fixtures, doors and more. A solar system helps offset electric costs, adding another practical benefit to this acreage property. Property owners also enjoy access to approximately 200 additional acres reserved for area landowners. This home offers it all. Space. Privacy. Views. Animals. Trails. This is Colorado acreage living with the big projects already handled. Bring all offers!

2134 Tepley Trl, Penrose

Courtesy of Keller Williams Performance Realty .

$799,000

242584 MLS

160 Acres with trout fishing creek running through it. This is a once-in-a-lifetime opportunity to own your own slice of paradise. Extremely private, bordered by public lands. Incredible views in all directions with multiple building sites for "off-the-grid" living. Great location for Colorado Springs commute. Historical location of the Schaefer dam.

Tbd Highway 115, Penrose

Courtesy of Keller Williams Performance Realty .

$799,000

1248538 MLS

This is a once-in-a-lifetime opportunity to own 160 acres of PRIVATE paradise. Year round water full of trout and bordered by pubic lands including Beaver Creek Wilderness area, State of Colorado and BLM land. Several building sites for "off-the-grid" living. Convenient location for Colorado Springs, Pueblo, or Canon City commuting. The property has historical significance and an important story from over a hundred years ago. Agricultural zoned with affordable property taxes. Wild Wonderful, and ne-of-a-kind!

Tbd Highway 115, Penrose

Courtesy of Keller Williams Performance Realty .

$225,000

3 Beds ⋅ 2 Baths ⋅ 3752581 MLS

Located in Penrose, this 3-bedroom, 2-bath home sits on approximately half an acre and offers plenty of usable space inside and out. The home is purged to the land, providing the benefit of real property status. Outside, the property features an oversized garage along with two additional storage sheds, offering plenty of room for vehicles, tools, equipment, or hobbies. The larger lot provides additional outdoor space with room for parking, storage, gardening, or other uses. Conveniently located next to the Penrose Community Library and close to local amenities, with easy access to Highway 50 for travel throughout the area. A well-rounded property with a half-acre lot, useful outbuildings, and a convenient Penrose location.

33 7th Ave, Penrose

Courtesy of Century 21 Community First . erick@firstcolorado.com,614-440-9031

$490,000

3 Beds ⋅ 3 Baths ⋅ 242540 MLS

Welcome to this beautifully designed 1 owner ranch home in Top Rail Ranch Estates! 3-bedrooms, 3-bathrooms situated on an expansive 2.74-acre lot. This thoughtfully crafted residence features distinctive architecture, a tile roof, stucco exterior, and vaulted ceilings that create an open, airy feel throughout the main living spaces. The inviting living area centers around a gas fireplace and flows seamlessly into the kitchen and dining space—perfect for everyday living and entertaining. The kitchen features abundant cabinetry, including some with glass-front accents, tile countertops, and a convenient breakfast bar. There's a formal dining space plus a dine in kitchen space with a fabulous coffee bar. Designed for easy indoor-outdoor living, the home opens from slider to a covered concrete back patio where you can take in the breath taking mountain views and peaceful surroundings. The backyard is a true retreat, featuring a charming pond with fish and water lilies, raised garden beds for gardening enthusiasts, and a mini putting green for recreation and relaxation! The spacious primary suite includes a walk-in closet plus an additional closet, along with an adjoining three-quarter bath featuring a double-sink vanity and a French door. Additional features include a well-appointed laundry area with a utility sink and built-in cabinetry for added convenience. An attached, finished three-car garage completes this exceptional property. Set an appointment to view today!

72 Pleasure Trl, Penrose

Courtesy of All Seasons LLC. .

$490,000

3 Beds ⋅ 3 Baths ⋅ 2706455 MLS

Welcome to this beautifully designed 1 owner ranch home in Top Rail Ranch Estates! 3-bedrooms, 3-bathrooms situated on an expansive 2.74-acre lot. This thoughtfully crafted residence features distinctive architecture, a tile roof, stucco exterior, and vaulted ceilings that create an open, airy feel throughout the main living spaces. The inviting living area centers around a gas fireplace and flows seamlessly into the kitchen and dining space—perfect for everyday living and entertaining. The kitchen features abundant cabinetry, including some with glass-front accents, tile countertops, and a convenient breakfast bar. There's a formal dining space plus a dine in kitchen space with a fabulous coffee bar. Designed for easy indoor-outdoor living, the home opens from slider to a covered concrete back patio where you can take in the breath taking mountain views and peaceful surroundings. The backyard is a true retreat, featuring a charming pond with fish and water lilies, raised garden beds for gardening enthusiasts, and a mini putting green for recreation and relaxation! The spacious primary suite includes a walk-in closet plus an additional closet, along with an adjoining three-quarter bath featuring a double-sink vanity and a French door. Additional features include a well-appointed laundry area with a utility sink and built-in cabinetry for added convenience. An attached, finished three-car garage completes this exceptional property, offering both functionality and lots of storage. This home delivers scenic beauty with sweeping views of Pikes Peak and the Wet Mountains, unique outdoor amenities, and comfortable single-level living in a highly desirable setting! Set an appointment to view today!

72 Pleasure Trl, Penrose

Courtesy of All Seasons Llc .

$172,500

4 Beds ⋅ 2 Baths ⋅ 3661644 MLS

Enjoy 4.28 acres of usable land in a convenient Penrose location! Large, mature trees are spread throughout the property, providing plenty of shade, privacy, and an established country setting. With ample room for horses, animals, gardens, or a hobby farm, this property offers plenty of opportunities to make the land your own. The purged home features four bedrooms, two bathrooms, a spacious living area, and a small enclosed porch for additional usable space. City water and a newer septic system installed approximately two years ago add to the property’s appeal. If you’re looking for acreage, mature trees, and room to spread out, this Penrose property is worth a look!

660 M St, Penrose

Courtesy of HomeSmart Preferred Realty . ksjkkeller@gmail.com,719-415-9998

$375,000

3 Beds ⋅ 3 Baths ⋅ 3857710 MLS

Enjoy space, versatility, and country living with this beautifully remodeled three-bedroom, three-bathroom home situated on one acre in Penrose. Offering approximately 2,000 square feet, the home has been completely updated within the past five years and features central air conditioning and a forced-air furnace for year-round comfort. The spacious primary suite is a true retreat, complete with a walk-in closet, large bath, and an adjoining office or library. Outside, you’ll find a shop or small barn, an additional metal shed with a lean-to, a carport, and a covered porch area ready for a hot tub. The fully fenced front yard and gated entrance provide added privacy. One Conex container has been converted into a storage workshop, while a second Conex is buried and used as a cellar. An underground shooting range adds an exceptional bonus for recreation and target practice! One share of beaver park water for irrigation keeps the side field nice and green! Conveniently located between Colorado Springs, Pueblo, and Cañon City, this property combines a peaceful rural setting with easy access to surrounding communities. With flexible outbuildings, irrigated ground, and thoughtful updates throughout, this one-of-a-kind Penrose property is ready for its next owner.

1001 I St, Penrose

Courtesy of Custer County Realty, Inc. .

$499,910

2 Beds ⋅ 2 Baths ⋅ 4031182 MLS

Welcome to “LA MILPA,” a truly one-of-a-kind Earthship home on 40.23 private acres in Penrose! Built in 1994, this remarkable 3,022 sq ft home with 2 bedrooms, 1 full & 1 three-quarter bath blends passive-solar design, earth-sheltered construction and renewable energy with warm Southwestern character with A NEW ROOF TO BE INSTALLED! A long wall of south-facing glass fills the home with natural light, while the opposite side is sheltered by the earth and thick walls incorporate earth-packed tires and repurposed materials beneath the stucco finish. Inside, discover beautiful wood ceilings, tile floors, skylights with built-in blinds, architectural planters, 2 Kiva-style fireplaces, a Stow’s Duplex wood-burning stove, Family Room, Office/Den and spacious Kitchen with Sun Frost refrigerator and propane range. Solar with battery backup works alongside the Black Hills Energy grid, with a wind generator also present. Outside, enjoy a courtyard with pergola & Horno pizza/bread oven, 2-car garage/workshop, 2 chicken coops, 2 sheds and an underground cellar. The separate “Lavender Cottage” offers an additional 640 sq ft studio/retreat (included in total above grade sq ft) with exposed beams, skylights, propane heat, screened covered patio/sunroom and space for a future bath & mini kitchen—opening possibilities for guests, extended family or potential rental use, subject to applicable requirements. Private well & septic. Ownership includes a 1/44th interest in approximately 36-acre Rathke Park for additional recreation. This Byway of Colorado makes perfect location for commuting to Colorado Springs, Pueblo, or Canon City, in roughly 30 mins each way, while still enjoying peaceful country living. The private setting becomes even more magical after sunset with spectacular night skies and, at times, views of the Milky Way! La Milpa is not simply a home— it is an opportunity to experience a completely different way of living with the land.

107 Bowie Rd, Penrose

Courtesy of Home Town Real Estate Of Canon City .

$485,000

3 Beds ⋅ 2 Baths ⋅ 3387400 MLS

This custom-built home offers a spacious, open floor plan with plenty of warmth and character throughout. Beautiful eucalyptus wood floors, solid six-panel doors, and cathedral ceilings give the main living areas an open and inviting feel. The large kitchen features rustic hickory cabinets, granite countertops, a pantry, and plenty of room to cook and gather. The primary suite includes a walk-in closet and a roomy bathroom with a walk-in shower. This all-electric home also has solar panels that help keep electric costs very low. Outside, you’ll find an oversized two-car garage, a large covered patio, a fenced backyard, RV parking, a greenhouse with a frost-free hydrant, and an additional storage building. There’s plenty of space here to enjoy the outdoors, take in the views, and settle into a home that has been thoughtfully built and cared for.

1407 Top Notch Trl, Penrose

Courtesy of Real Broker, LLC DBA Real . carla@cominghomerealtypros.com,719-792-1111

$68,000

5841091 MLS

40+ Acres of Privacy, Elbow Room & Natural Beauty! Discover the freedom of owning a substantial piece of land in a peaceful large-lot development just north of Penrose. This property offers the space and seclusion many buyers are looking for, with rolling hills and valleys, natural landscaping, and a seasonal stream creating a varied and scenic setting. There is plenty of room to explore, enjoy the outdoors, and create your own vision for a private rural retreat. The adjacent property has electric service installed, offering nearby utility infrastructure to consider when planning for the future. Conveniently located within reach of Penrose amenities, including a grocery market, elementary school, and fire department. Come experience the quiet, open feel and possibilities!

Bowie Road, Penrose

Courtesy of REMAX PROPERTIES . cheryl@cherylpixley.com,719-548-8600

$485,000

3 Beds ⋅ 2 Baths ⋅ 9775802 MLS

This custom-built home offers a spacious, open floor plan with plenty of warmth and character throughout. Beautiful eucalyptus wood floors, solid six-panel doors, and cathedral ceilings give the main living areas an open and inviting feel. The large kitchen features rustic hickory cabinets, granite countertops, a pantry, and plenty of room to cook and gather. The primary suite includes a walk-in closet and a roomy bathroom with a walk-in shower. This all-electric home also has solar panels that help keep electric costs very low. Outside, you’ll find an oversized two-car garage, a large covered patio, a fenced backyard, RV parking, a greenhouse with a frost-free hydrant, and an additional storage building. There’s plenty of space here to enjoy the outdoors, take in the views, and settle into a home that has been thoughtfully built and cared for.

1407 Top Notch Trl, Penrose

Courtesy of Real Broker, LLC .

$179,900

9614899 MLS

Beautiful 37-Acre Mountain Property with Breathtaking Valley & Sangre de Cristo Views! Discover the beauty and privacy of this exceptional 37-acre parcel, fenced on two sides and offering some of the most impressive mountain and valley views around. A gentle rise to the west naturally elevates the property, creating expansive views of the Sangre de Cristo Mountains and the entire valley below. Underground power is already available in the street, making this an ideal setting for your future mountain home, homestead, or peaceful getaway. Enjoy the outdoors right from your doorstep! The nearby state park area offers horseback riding and fishing, while Brush Hollow Reservoir is close by and Pueblo Reservoir is just down Highway 50 for boating, fishing, and more water recreation. The HOA helps maintain the roads and protects the character of the community, including restrictions that help preserve the peaceful mountain setting. County-maintained roads also help keep dust under control. Beautiful views, usable acreage, water, power nearby, recreation, and privacy—this is truly a special piece of Colorado. Come take a look, breathe in the mountain air, and imagine making this beautiful property your own!

1284 Red Rock Cir, Penrose

Courtesy of Properties of Colorado Real Estate Inc . 719-431-9164

$179,900

242263 MLS

Beautiful 37-Acre Mountain Property with Breathtaking Valley & Sangre de Cristo Views! Discover the beauty and privacy of this exceptional 37-acre parcel, fenced on two sides and offering some of the most impressive mountain and valley views around. A gentle rise to the west naturally elevates the property, creating expansive views of the Sangre de Cristo Mountains and the entire valley below. Underground power is already available in the street, making this an ideal setting for your future mountain home, homestead, or peaceful getaway. Enjoy the outdoors right from your doorstep! The nearby state park area offers horseback riding and fishing, while Brush Hollow Reservoir is close by and Pueblo Reservoir is just down Highway 50 for boating, fishing, and more water recreation. The HOA helps maintain the roads and protects the character of the community, including restrictions that help preserve the peaceful mountain setting. County-maintained roads also help keep dust under control. Beautiful views, usable acreage, water, power nearby, recreation, and privacy—this is truly a special piece of Colorado. Come take a look, breathe in the mountain air, and imagine making this beautiful property your own!

1284 Red Rocks Cir, Penrose

Courtesy of Properties Of Colorado CC .

$850,000

5 Beds ⋅ 4 Baths ⋅ 2582852 MLS

Rancho Cielo-Where the Colorado Sky Meets the Soul of the Southwest - Some homes offer acreage - Others offer privacy. A select few become destinations in themselves. Beyond a striking Private Estate Gateway, a winding drive carries you through w/ more than 35 acres of Colorado's rugged high-desert landscape revealing a residence that feels as though it has always belonged to the land. Inspired by the enduring beauty of Pueblo Revival architecture, Rancho Cielo blends timeless Southwestern design with modern luxury, creating a retreat unlike anything else in Southern Colorado. From the moment you arrive, the pace of life changes. Morning sunlight stretches across distant mountain ranges. Afternoon thunderstorms dance across the plains. 4,184 square feet, this custom-designed residence offers five spacious bedrooms, four bathrooms, and an oversized three-car attached garage. Every detail reflects thoughtful craftsmanship, from the authentic adobe-inspired exterior & sculpted parapets to the warm knotty pine doors, handcrafted trim, rich architectural finishes that create an atmosphere of understated elegance. A chef-inspired kitchen, anchored by distinctive granite countertops. Renewal by Andersen windows frame Colorado's breathtaking scenery as though each were a living masterpiece. Every room captures panoramic mountain views, inviting natural light. The walk-out lower level offers exceptional flexibility, a wet bar, and private guest accommodations—perfect for multigenerational living, extended family visits. A rare privilege of owning 35.13 private acres, where breathtaking vistas become your daily backdrop, and where peace, privacy, and open skies define a way of life. This is more than an extraordinary home, where every sunrise promises possibility, and where every sunset reminds you why you chose Colorado. Welcome to Rancho Cielo—a timeless Colorado estate where the enduring spirit of the American Southwest meets uncompromising luxury.

507 Van Egmond Dr, Penrose

Courtesy of Berkshire Hathaway Home Services Rocky Mtn Realtors . jpberkshirehathaway@gmail.com,719-761-1910

$52,500

4238931 MLS

Excellent 10-acre parcel in a unbelievably private location in Penrose Colorado, with big sky and mountain views! This 10-acres is being offered alongside the residential listing at 358 13th St, in addition to two other contiguous 10-acre parcels, for a total of 40 acres with all four 10-acre parcels combined. Includes some electric fencing, and is fenced and cross-fenced making it ideal for livestock grazing. Also set up with a 100-meter shooting range ready for responsible and safe target practice. Now is the time to escape the city and find your peace here in rural Penrose!

380 13th St, Penrose

Courtesy of HomeSmart Preferred Realty . Jenny@HeartofHomes.com,719-458-9559

$400,000

3792820 MLS

This PREMIUM 83.54-acre property BORDERING MILES of BLM land offers an extraordinary blend of rolling meadows, steep forested hillsides, dramatic red rock formations, and breathtaking elevated views of the valley below. Private and secluded, it feels like your own personal Garden of the Gods, with endless opportunities to explore and enjoy the surrounding public lands right from your boundary. With no covenants or restrictions, you can camp while planning your dream home or getaway retreat. The property's natural beauty, abundant wildlife, and exceptional solar potential make it a rare find, and with POWER NOW INSTALLED, convenience and off-grid possibilities come together in one remarkable offering.

Penrose

Courtesy of HomeSmart Preferred Realty . coloradoprop@gmail.com,719-276-4226

$475,000

3 Beds ⋅ 2 Baths ⋅ 7862162 MLS

Experience the best of country living just minutes from town. Perfectly situated between Cañon City and Pueblo near Penrose, this private 10-acre retreat offers versatility, wide-open space, and beautiful mountain views. The fully fenced acreage is ideal for horses or livestock and includes a loafing shed/barn for shelter. A seasonal stream with a natural pool meanders through one corner of the property, adding charm, tranquility, and a rare natural feature. The freshly painted 2- bedroom, 2-bath home (with a non-conforming third bedroom) is designed for efficiency, boasting exceptionally low utility costs. The property is serviced by a well equipped with a water-treatment system, ensuring a reliable potable water supply, and multiple hydrants are conveniently located throughout the acreage. Take in the sweeping vistas from the expansive 10' x 28' covered porch, or make use of the large concrete pad—ideal for gatherings, recreation, or future expansion. A long private driveway leads to a spacious 32' x 34' detached 2-car garage, perfect for vehicles, equipment, and storage. The well pump and water-treatment system are thoughtfully housed inside for added protection. Livestock enthusiasts will appreciate the 24' x 40' animal shelter with an attached 16' x 40' leanto, complete with corrals and extra fence panels. Also, an additional 24' x 40' insulated shop with a concrete floor provides excellent space for tools, projects, or hobbies, while its attached leanto offers additional covered parking or equipment storage. For outdoor recreation, the property includes a substantial berm ideal for target practice. With its blend of privacy, functionality, and natural beauty, this property is brimming with potential and ready to welcome your vision of country living.

340 12th St, Penrose

Courtesy of Sweet Homes Realty . gaylordsweethomes@gmail.com,719-429-1267

$850,000

4 Beds ⋅ 3 Baths ⋅ 6882613 MLS

Experience the best of country living in Penrose, where breathtaking mountain views & over 35 acres create an extraordinary place to call home. This custom ranch-style home offers 3,400 square feet, featuring 4 bedrooms, 3 bathrooms, and a thoughtfully designed floor plan ideal for everyday living, entertaining, or multigenerational households. The main living area showcases expansive windows that frame the surrounding landscape while filling the main living spaces and 2 bedrooms, 2 baths, and kitchen with custom hickory cabinets with tons of light. Enjoy the wood-burning stove on a cozy winter day. The finished walk-out basement expands the living space with 2 additional bedrooms and bath, a spacious family room, an exercise room/office flex space, and generous storage space. Designed for comfortable country living, the property features a high-producing 25+ GPM well, a reverse osmosis drinking water system, and whole-house water treatment equipment, providing exceptional water quality & peace of mind. Horse and animal lovers will appreciate the 3-stall barn with electricity and water, ample storage for toys and equipment AND an RV hookup just outside, while the detached three-car garage offers abundant room for vehicles, equipment, hobbies, or a workshop. This immaculately maintained property features new windows, new front trex deck, 2026 furnace, 2021 AC, and recent exterior paint. Multiple gardening spaces add to the country charm and independence. A seasonal creek winds through the property, attracting wildlife and enhancing the peaceful setting. Spend evenings watching spectacular sunsets, deer, & wild turkeys while enjoying the serenity of Colorado's wide-open skies. Located just minutes from Penrose & within easy reach of Cañon City, Florence, Pueblo and Colorado Springs, this property offers the perfect balance of seclusion and convenience. Whether you're searching for a horse property, hobby ranch, or simply a private retreat this home delivers it all!

570 Valley Dr, Penrose

Courtesy of Realty One Group Apex . thecoloradopropertypros@gmail.com

$179,900

8723266 MLS

KETTLE CANYON – New 36+ Acre Development!! Be among the first to claim your piece of this stunning new rural development featuring only five 36- 40-acre parcels and one exclusive 80-acre parcel. Lot 2 offers direct access from County Road 132 and includes power already on the property. Enjoy breathtaking panoramic views of the majestic 14,000-foot Sangre de Cristo Mountains and surrounding tree-covered peaks in one of Colorado’s most scenic valleys. The land features gently rolling grasslands dotted with a few trees, BORDERING BLM — ideal for livestock, horses, camping, or building your dream retreat. Set up camp in the heart of your acreage and experience unmatched solitude, fresh mountain air, and wide-open skies. With no covenants and no HOA, you’ll enjoy true freedom, privacy, and peace in this remarkable setting. Newly recorded survey plat map is in the photos.

County Road 132, Penrose

Courtesy of HomeSmart Preferred Realty . coloradoprop@gmail.com,719-276-4226

$275,000

3 Beds ⋅ 2 Baths ⋅ 7510447 MLS

Charming 3-bedroom, 1.5-bath home in a desirable central Penrose location. Conveniently situated within walking distance of the park, this property features new flooring and fresh interior paint, offering a move-in-ready opportunity. The spacious, fenced backyard offers ample room for outdoor enjoyment and showcases beautiful views. An excellent value with great potential for homeowners and investors alike.

474 Grant St, Penrose

Courtesy of HomeSmart Preferred Realty . sam@banningteam.com,719-458-1345

$1,299,000

4 Beds ⋅ 3 Baths ⋅ 6980667 MLS

A once-in-a-lifetime opportunity to own a true piece of the American dream! This beautiful custom home is nestled on over 63 acres and offers privacy, space, and breathtaking 360° mountain views. A charming bell calls everyone together to gather and enjoy the beauty of Colorado. The main residence features a private primary suite secluded from the other bedrooms, plus a private den with slate floors, fireplace, and separate garage entrance. The heart of the home is a cook’s kitchen with commercial refrigerator/freezer, mahogany cabinets, pass-through, and galvanized steel flooring. A family-size dining room and main living room open to a composite deck, creating an ideal space for entertaining. A private loft getaway provides children with their own special retreat. Downstairs offers a family room with wood-burning stove, second bedroom with attached ¾ bath, two additional bedrooms, another bath, and abundant storage throughout. Passive solar adds to the home's thoughtful design. Step outside to enjoy stunning mountain views from the deck or patio, stroll the acreage, or gather around the fire pit for an unforgettable evening. A separate Casita features its own kitchen, living room, and bedroom—perfect for guests, a college student, or rental income. Dreaming of a private gym? A dedicated building is ready for your fitness space and includes a mini-split for heating and cooling. History enthusiasts will love the original Trapper Cabin brought to the property from South Park, offering a charming private retreat. The property also includes a graveled RV parking area, grazing land, round pen, and small-animal building secured by a 6-foot chain-link fence. Come live your Colorado dream—where majestic views, clean mountain air, privacy, and endless possibilities await. This is more than a home. It is a place to breathe deeply, slow down, gather with the people you love, and experience the freedom of wide-open Colorado living. Come live your dream and enjoy life!

68948 Us Highway 50, Penrose

Courtesy of Keller Williams Clients Choice Realty . 719-660-6071

$650,000

1 Beds ⋅ 3 Baths ⋅ 1703249 MLS

Custom-built 2,600-square-foot barndominium situated on 37 acres. This thoughtfully designed home features a spacious open floor plan with quality craftsmanship throughout, including custom doors, cabinets, countertops, and extensive live-edge wood accents. The main living area is highlighted by a large roll-up door that opens to a spacious patio, creating seamless indoor-outdoor living and taking advantage of the property's views overlooking the surrounding valley. Additional features include high-end flooring, well-appointed bathrooms, smart appliances, solar panels, and a 1,500-gallon cistern system. The home also includes a garage for additional storage and workspace. Conveniently located near the highway for easy access while maintaining privacy and unobstructed views, this custom-built property offers 37 acres of land and a one-of-a-kind living experience.

470 Bowie Rd, Penrose

Courtesy of Century 21 Community First . erick@firstcolorado.com,614-440-9031

$320,000

6798446 MLS

Prime Commercial Property with Exceptional Visibility Location is everything! This outstanding commercial property is strategically positioned along Highway 115, offering unparalleled visibility with lighted signage. This well-maintained commercial property offers an ideal location with high visibility and accessibility. Inside, you`ll find a fully equipped kitchen area featuring a three-compartment sink, a dedicated hand-wash sink, a refrigerator, and durable tile flooring—perfect for food prep or catering needs. The building includes a spacious bathroom/lobby area, three versatile rooms that can be used as offices or storage, and a flexible multipurpose space to suit a variety of business types. Additional amenities include a washer/dryer hookup, vinyl windows throughout for natural light, and central air conditioning for year-round comfort. With multiple points of entry—including a back door, side entrance, and sliding glass doors—this property offers convenience and flow. Outside, enjoy ample parking, a storage shed, and generous land space ideal for hosting outdoor events, activities, or future expansions. This property is move-in ready and adaptable to your unique business needs. A rare opportunity in a great location!

880 Marilyn Dr, Penrose

Courtesy of Berkshire Hathaway HomeServices Synergy Realty Group . Charles@Synergycolo.com,719-418-5001

$535,000

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 Trl, 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 St, Penrose

Courtesy of The Cutting Edge . 720-425-0851

$179,000

2324385 MLS

Kettle Canyon – New 36+ Acre Development Be among the first to claim your piece of this stunning new rural development featuring only five 36-acre parcels and one exclusive 80-acre parcel. Lot 4 BORDERS BLM and underground power has been installed.. Enjoy breathtaking panoramic views of the majestic 14,000-foot Sangre de Cristo Mountains and surrounding tree-covered peaks in one of Colorado’s most scenic valleys. The land features gently rolling grasslands dotted with a few trees — ideal for livestock, horses, camping, or building your dream retreat. Set up camp in the heart of your acreage and experience unmatched solitude, fresh mountain air, and wide-open skies. With no covenants and no HOA, you’ll enjoy true freedom, privacy, and peace in this remarkable setting. New recorded survey plat map is in the photos. iron handle Road is private and will have a road users agreement in place for maintenance.

4 Iron Handle, Penrose

Courtesy of HomeSmart Preferred Realty . coloradoprop@gmail.com,719-276-4226

$53,500

8480627 MLS

This private, rural 10-acre property in Penrose Colorado has so much to offer and is contiguous and listed alongside residential listing at 358 13th Street, for a total of 40 acres with all four 10-acre parcels combined. You’ll fall in love with the biggest skies and 360-degree mountain views you can imagine. Almost fully fenced and cross fenced, with some electric fencing included along with a storage shed for ready for grazing livestock, or building a new home! Come take a look and start living out your Colorado countryside dreams!

1374 C St, Penrose

Courtesy of HomeSmart Preferred Realty . Jenny@HeartofHomes.com,719-458-9559

$249,000

3 Beds ⋅ 2 Baths ⋅ 6039342 MLS

Endless Possibilities on 9 Acres in Penrose! Discover the perfect blend of country living and future opportunity. Situated on approximately 9 acres, this property offers abundant space for horses, hobby farming, recreation, or simply enjoying the peaceful Colorado lifestyle with panoramic mountain and rural views. Beyond its existing residential appeal, this property presents exciting investment potential. With its location and generous acreage, buyers may wish to explore the possibility of subdivision or future commercial development, subject to Fremont County planning, zoning, and approval requirements. Whether you're looking for a private estate, an income-producing investment, or land with long-term upside, this property offers flexibility that is becoming increasingly difficult to find. Conveniently located with easy access to Highway 50 and Colorado Springs, Penrose continues to experience steady growth, making this a unique opportunity to own acreage with both immediate enjoyment and future potential. Buyer to verify all information, including zoning, land use, subdivision potential, and any future development possibilities with Fremont County.

685 7th St, Penrose

Courtesy of Fathom Realty Colorado LLC . 777Roselle@gmail.com,720-301-5413

$105,000

4730289 MLS

This 5 acre parcel is conveniently located in the heart of Penrose, comes with 5 shares of Beaver Park irrigation with gated irrigation pipes and would be a great lot for a new build with mountain views! No other utilities installed; public water, public gas, public electric, cable, phone, etc. available and are to be installed by buyer. Boundaries are marked and survey recently done and available. Property is fully fenced and has some trees on the boundaries.

J Street, Penrose

Courtesy of Galpin Real Estate . galpinre@comcast.net

$619,000

3 Beds ⋅ 2 Baths ⋅ 242134 MLS

Updated Brick Rancher on 4.72 Acres with Water Rights & Horse Facilities. Welcome to this beautifully updated brick rancher offering just under 3,600 finished square feet one one parcel totaling 4.72 acres. The open-concept main level features gleaming hardwood floors throughout and a stunning kitchen with granite countertops, tile backsplash, custom cabinetry, black stainless appliances, and counter seating — perfect for entertaining. There are 3 bedrooms and 2 baths on the main level while the fully finished basement offers abundant room to grow. Outside, this property is a true equestrian and hobby-farm dream: fully fenced and cross-fenced for hay production, grazing, and horses, with a barn, corral fencing, and a riding arena already in place. Water is no concern here. The property includes 4 shares of Beaver Park water, a connected Penrose water tap AND a private well, a rare combination that offers exceptional flexibility for irrigation, livestock, and future use. Whether you're looking to run horses, grow hay, or simply enjoy space and privacy without sacrificing modern comforts, this property delivers it all. This property can be purchased with the adjacent parcel to have 9.44 acres and a total of 9 shares of Beaver Park Water. Schedule your private showing today!

1400 K St, Penrose

Courtesy of RE/MAX Associates .

$470,000

3 Beds ⋅ 2 Baths ⋅ 10065393 MLS

Welcome to spacious Colorado living in desirable Top Rail Ranch Estates in the town of Penrose! Situated on 2.79 acres, this well-appointed ranch-style home offers comfortable one-level living with 3 bedrooms, 2 bathrooms, an attached 2-car garage, and plenty of room to enjoy the outdoors. Built in 2007, the home features a thoughtfully designed split-bedroom floor plan, with the private primary suite separated from the additional bedrooms. The spacious primary bedroom includes a walk-in closet and five-piece bath, creating a comfortable retreat at the end of the day. At the heart of the home, the kitchen features beautiful granite countertops, stainless steel appliances, and a convenient breakfast bar with plenty of space for gathering and everyday living. Comfort is covered year-round with radiant in-floor heat, central air conditioning, a wood-burning stove, and a tankless water heater. Outside, the 2.79-acre property offers an RV hookup, garden shed, Connex metal storage container, and the space and versatility that make Colorado country living so appealing. Enjoy the privacy and breathing room of acreage living while still being conveniently located in Penrose. This Top Rail Ranch Estates property offers a wonderful combination of space, comfort, storage, and single-level living.

2050 15th St, Penrose

Courtesy of Homesmart Preferred Realty .

$172,500

4 Beds ⋅ 2 Baths ⋅ 1281696 MLS

Enjoy 4.28 acres of usable land in a convenient Penrose location! Large, mature trees are spread throughout the property, providing plenty of shade, privacy, and an established country setting. With ample room for horses, animals, gardens, or a hobby farm, this property offers plenty of opportunities to make the land your own. The purged home features four bedrooms, two bathrooms, a spacious living area, and a small enclosed porch for additional usable space. City water and a newer septic system installed approximately two years ago add to the property’s appeal. If you’re looking for acreage, mature trees, and room to spread out, this Penrose property is worth a look!

660 M St, Penrose

Courtesy of Homesmart Preferred Realty .

$179,900

7003117 MLS

Beautiful 37-Acre Mountain Property with Breathtaking Valley & Sangre de Cristo Views! Discover the beauty and privacy of this exceptional 37-acre parcel, fenced on two sides and offering some of the most impressive mountain and valley views around. A gentle rise to the west naturally elevates the property, creating expansive views of the Sangre de Cristo Mountains and the entire valley below. Underground power is already available in the street, making this an ideal setting for your future mountain home, homestead, or peaceful getaway. Enjoy the outdoors right from your doorstep! The nearby state park area offers horseback riding and fishing, while Brush Hollow Reservoir is close by and Pueblo Reservoir is just down Highway 50 for boating, fishing, and more water recreation. The HOA helps maintain the roads and protects the character of the community, including restrictions that help preserve the peaceful mountain setting. County-maintained roads also help keep dust under control. Beautiful views, usable acreage, water, power nearby, recreation, and privacy—this is truly a special piece of Colorado. Come take a look, breathe in the mountain air, and imagine making this beautiful property your own!

1284 Red Rock Cir, Penrose

Courtesy of Properties Of Colorado Inc .

$1,299,000

4 Beds ⋅ 3 Baths ⋅ 242080 MLS

A once-in-a-lifetime opportunity to own a true piece of the American dream! This beautiful custom home is nestled on over 63 acres and offers privacy, space, and breathtaking 360 mountain views. A charming bell calls everyone together to gather and enjoy the beauty of Colorado. The main residence features a private primary suite secluded from the other bedrooms, plus a private den with slate floors, fireplace, and separate garage entrance. The heart of the home is a cook's kitchen with commercial refrigerator/freezer, mahogany cabinets, pass-through, and galvanized steel flooring. A family-size dining room and main living room open to a composite deck, creating an ideal space for entertaining. A private loft getaway provides children with their own special retreat. Downstairs offers a family room with wood-burning stove, second bedroom with attached bath, two additional bedrooms, another bath, and abundant storage throughout. Passive solar adds to the home's thoughtful design. Step outside to enjoy stunning mountain views from the deck or patio, stroll the acreage, or gather around the fire pit for an unforgettable evening. A separate Casita features its own kitchen, living room, and bedroom—perfect for guests, a college student, or rental income. Dreaming of a private gym? A dedicated building is ready for your fitness space and includes a mini-split for heating and cooling. History enthusiasts will love the original Trapper Cabin brought to the property from South Park,

68948 Hwy 50, Penrose

Courtesy of Keller Williams Clients Choice .

$275,000

3 Beds ⋅ 2 Baths ⋅ 9365914 MLS

Charming 3-bedroom, 1.5-bath home in a desirable central Penrose location. Conveniently situated within walking distance of the park, this property features new flooring and fresh interior paint, offering a move-in-ready opportunity. The spacious, fenced backyard offers ample room for outdoor enjoyment and showcases beautiful views. An excellent value with great potential for homeowners and investors alike.

474 Grant St, Penrose

Courtesy of Homesmart Preferred Realty .

$249,000

3 Beds ⋅ 2 Baths ⋅ 3419959 MLS

Endless Possibilities on 9 Acres in Penrose! Discover the perfect blend of country living and future opportunity at 685 7th Street, Penrose, Colorado. Situated on approximately 9 acres, this property offers abundant space for horses, hobby farming, recreation, or simply enjoying the peaceful Colorado lifestyle with panoramic mountain and rural views. Beyond its existing residential appeal, this property presents exciting investment potential. With its location and generous acreage, buyers may wish to explore the possibility of subdivision or future commercial development, subject to Fremont County planning, zoning, and approval requirements. Whether you're looking for a private estate, an income-producing investment, or land with long-term upside, this property offers flexibility that is becoming increasingly difficult to find. Conveniently located with easy access to Highway 50 and Colorado Springs, Penrose continues to experience steady growth, making this a unique opportunity to own acreage with both immediate enjoyment and future potential. Buyer to verify all information, including zoning, land use, subdivision potential, and any future development possibilities with Fremont County.

685 7th St, Penrose

Courtesy of Real Broker, Llc .

$475,000

3 Beds ⋅ 2 Baths ⋅ 241560 MLS

Experience the best of country living just minutes from town. Perfectly situated between Canon City and Pueblo near Penrose, this private 10-acre retreat offers versatility, wide-open space, and beautiful mountain views. The fully fenced acreage is ideal for horses or livestock and includes a loafing shed/barn for shelter. A seasonal stream with a natural pool meanders through one corner of the property, adding charm, tranquility, and a rare natural feature. The freshly painted 2- bedroom, 2-bath home (with a non-conforming third bedroom) is designed for efficiency, boasting exceptionally low utility costs. The property is serviced by a new water heater, well with a new well pump, equipped with a new water-treatment system, ensuring a reliable potable water supply, and multiple hydrants are conveniently located throughout the acreage. House also has a new ac/furnace system. Take in the sweeping vistas from the expansive 10' x 28' covered porch, or make use of the large concrete pad—ideal for gatherings, recreation, or future expansion. A long private driveway leads to a spacious 32' x 34' detached 2-car garage, perfect for vehicles, equipment, and storage. The well pump and water-treatment system are thoughtfully housed inside for added protection. Livestock enthusiasts will appreciate the 24' x 40' animal shelter with an attached 16' x 40' leanto, complete with corrals and extra fence panels. Also, an additional 24' x 40' insulated shop with a concrete floor provides excelle

340 12th St, Penrose

Courtesy of Sweet Homes Realty .

$650,000

2 Beds ⋅ 3 Baths ⋅ 5142744 MLS

Custom-built 2,600-square-foot barndominium situated on 37 acres. This thoughtfully designed home features a spacious open floor plan with quality craftsmanship throughout, including custom doors, cabinets, countertops, and extensive live-edge wood accents. The main living area is highlighted by a large roll-up door that opens to a spacious patio, creating seamless indoor-outdoor living and taking advantage of the property's views overlooking the surrounding valley. Additional features include high-end flooring, well-appointed bathrooms, smart appliances, solar panels, and a 1,500-gallon cistern system. The home also includes a garage for additional storage and workspace. Conveniently located near the highway for easy access while maintaining privacy and unobstructed views, this custom-built property offers 37 acres of land and a one-of-a-kind living experience.

470 Bowie Rd, Penrose

Courtesy of Century 21 Community First .

$850,000

4 Beds ⋅ 3 Baths ⋅ 1197684 MLS

Experience the best of country living in Penrose, where breathtaking mountain views & over 35 acres create an extraordinary place to call home. This custom ranch-style home offers 3,400 square feet, featuring 4 bedrooms, 3 bathrooms, and a thoughtfully designed floor plan ideal for everyday living, entertaining, or multigenerational households. The main living area showcases expansive windows that frame the surrounding landscape while filling the main living spaces and 2 bedrooms, 2 baths, and kitchen with custom hickory cabinets with tons of light. Enjoy the wood-burning stove on a cozy winter day. The finished walk-out basement expands the living space with 2 additional bedrooms and bath, a spacious family room, an exercise room/office flex space, and generous storage space. Designed for comfortable country living, the property features a high-producing 25+ GPM well, a reverse osmosis drinking water system, and whole-house water treatment equipment, providing exceptional water quality & peace of mind. Horse and animal lovers will appreciate the 3-stall barn with electricity and water, ample storage for toys and equipment AND an RV hookup just outside, while the detached three-car garage offers abundant room for vehicles, equipment, hobbies, or a workshop. This immaculately maintained property features new windows, new front trex deck, 2026 furnace, 2021 AC, and recent exterior paint. Multiple gardening spaces add to the country charm and independence. A seasonal creek winds through the property, attracting wildlife and enhancing the peaceful setting. Spend evenings watching spectacular sunsets, deer, & wild turkeys while enjoying the serenity of Colorado's wide-open skies. Located just minutes from Penrose & within easy reach of Cañon City, Florence, Pueblo and Colorado Springs, this property offers the perfect balance of seclusion and convenience. Whether you're searching for a horse property, hobby ranch, or simply a private retreat this home delivers it all!

570 Valley Dr, Penrose

Courtesy of Realty One Group Apex .

$850,000

5 Beds ⋅ 4 Baths ⋅ 4259090 MLS

Rancho Cielo-Where the Colorado Sky Meets the Soul of the Southwest - Some homes offer acreage - Others offer privacy. A select few become destinations in themselves. Beyond a striking Private Estate Gateway, a winding drive carries you through w/ more than 35 acres of Colorado's rugged high-desert landscape revealing a residence that feels as though it has always belonged to the land. Inspired by the enduring beauty of Pueblo Revival architecture, Rancho Cielo blends timeless Southwestern design with modern luxury, creating a retreat unlike anything else in Southern Colorado. From the moment you arrive, the pace of life changes. Morning sunlight stretches across distant mountain ranges. Afternoon thunderstorms dance across the plains. 4,184 square feet, this custom-designed residence offers five spacious bedrooms, four bathrooms, and an oversized three-car attached garage. Every detail reflects thoughtful craftsmanship, from the authentic adobe-inspired exterior & sculpted parapets to the warm knotty pine doors, handcrafted trim, rich architectural finishes that create an atmosphere of understated elegance. A chef-inspired kitchen, anchored by distinctive granite countertops. Renewal by Andersen windows frame Colorado's breathtaking scenery as though each were a living masterpiece. Every room captures panoramic mountain views, inviting natural light. The walk-out lower level offers exceptional flexibility, a wet bar, and private guest accommodations—perfect for multigenerational living, extended family visits. A rare privilege of owning 35.13 private acres, where breathtaking vistas become your daily backdrop, and where peace, privacy, and open skies define a way of life. This is more than an extraordinary home, where every sunrise promises possibility, and where every sunset reminds you why you chose Colorado. Welcome to Rancho Cielo—a timeless Colorado estate where the enduring spirit of the American Southwest meets uncompromising luxury.

507 Van Egmond Dr, Penrose

Courtesy of Berkshire Hathaway HomeServices Rocky M .

$850,000

5 Beds ⋅ 4 Baths ⋅ 241164 MLS

Rancho Cielo-Where the Colorado Sky Meets the Soul of the Southwest - Some homes offer acreage - Others offer privacy. A select few become destinations in themselves. Beyond a striking Private Estate Gateway, a winding drive carries you through w/ more than 35 acres of Colorado's rugged high-desert landscape revealing a residence that feels as though it has always belonged to the land. Inspired by the enduring beauty of Pueblo Revival architecture, Rancho Cielo blends timeless Southwestern design with modern luxury, creating a retreat unlike anything else in Southern Colorado. From the moment you arrive, the pace of life changes. Morning sunlight stretches across distant mountain ranges. Afternoon thunderstorms dance across the plains. 4,184 square feet, this custom-designed residence offers five spacious bedrooms, four bathrooms, and an oversized three-car attached garage. Every detail reflects thoughtful craftsmanship, from the authentic adobe-inspired exterior & sculpted parapets to the warm knotty pine doors, handcrafted trim, rich architectural finishes that create an atmosphere of understated elegance. A chef-inspired kitchen, anchored by distinctive granite countertops. Renewal by Andersen windows frame Colorado's breathtaking scenery as though each were a living masterpiece. Every room captures panoramic mountain views, inviting natural light. The walk-out lower level offers exceptional flexibility, a wet bar, and private guest accommodations—perfect for multigenerati

507 Van Egmond Dr, Penrose

Courtesy of BHHS Rocky Mountain, REALTORS .

$170,000

6421577 MLS

Discover the perfect blend of rural charm and agricultural opportunity with this 8.14-acre parcel located in the heart of Penrose, Colorado. Offering expansive views of the surrounding countryside and Pikes Peak in the distance, this level, usable land is ideal for building your dream home, starting a hobby farm, or investing in Colorado land this property has plenty of space for a custom home, barns, gardens, and more! What sets this property apart are the included ditch shares, providing valuable irrigation rights — a rare and highly sought-after feature in the region. Whether you’re looking to grow crops, support livestock, or simply maintain lush landscaping, these water rights offer both flexibility and long-term value. Don’t miss this rare opportunity to own acreage with water rights in one of Colorado’s most welcoming small-town communities and just a short drive to Canon City, Florence, and Pueblo.

15941 Hwy 115, Penrose

Courtesy of Keller Williams Performance Realty .

$275,000

3 Beds ⋅ 2 Baths ⋅ 240949 MLS

Charming 3-bedroom, 1.5-bath home in a desirable central Penrose location. Conveniently situated within walking distance of the park, this property features new flooring and fresh interior paint, offering a move-in-ready opportunity. The spacious, foncerd h fenced backyard offers ample room for outdoor enjoyment and showcases beautiful views. An excellent value with great potential for homeowners and investors alike.

474 Grant St, Penrose

Courtesy of HomeSmart Preferred Realty .

$275,000

3 Beds ⋅ 2 Baths ⋅ 6245939 MLS

Five acres of wide open Colorado ground with no HOA and no restrictions gives you the kind of freedom that's getting harder to find. The land is partially fenced and ready for animals, a garden, or simply the quiet of open space. A dedicated RV pad with hookup means your rig has a proper home. And Colorado mountain views come standard — the kind that remind you every morning why you made the move. The home is a 3-bedroom, 2-bathroom manufactured home at 1,280 square feet, built in 2002 and move-in ready. It's a comfortable, livable space with room to personalize over time — solid bones, plenty of potential, and land that more than carries its weight. Rural living doesn't have to mean remote. Penrose puts you within easy commuting distance of Cañon City, Pueblo, and Colorado Springs — so you get the wide open spaces without giving up everyday conveniences. Affordable rural property with acreage, mountain views, and room for animals or recreational toys doesn't sit long in this market. If this checks your boxes, schedule a showing before someone else does.

561 County Road 132, Penrose

Courtesy of Keller Williams Performance Realty .

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