Penrose Real Estate | Penrose Land for Sale

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 .

$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 Lot Iron Handle Road, Penrose

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

$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

$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

$45,000

9025253 MLS

PICK YOUR LOT!! Eighteen 1.98 acre to 2.51 acre lots individually priced at $45,000 each. Located only 10 minutes from Canon City, offering quiet rural living with 360 degree views of the surrounding Colorado mountains. Exceptional sunrises & sunsets await! Great place for new home or shop location. No HOA or covenants to allow more uses of the land. Electricity is being install within 330 feet of all lots (some closer).

Tbd County Road 123, Penrose

Courtesy of Frontier West Realty .

$225,000

4894168 MLS

Discover the unmatched potential of this stunning 20-acre property, split evenly on each side of 11th Street and nestled in the heart of Colorado’s serene high desert landscape. With 10 acres on either side, this unique parcel offers flexibility for a variety of uses — build your dream home, establish a hobby farm, or develop a retreat that embraces the peace and beauty of the surrounding mountains. Call today for details!

Tbd 11th St, Penrose

Courtesy of Homesmart Preferred Realty .

$175,000

3237167 MLS

Step into Colorado’s past with this distinctive land parcel in the historic town of Wilbur. A BLM berm-built stock pond brings both function and character, while the terrain unfolds in a natural blend of open grassland and scattered pines. Some areas invite you to wander, others feel tucked away and quiet, creating a setting that works just as well for an off-grid homesite as it does for a weekend escape. The surrounding landscape carries echoes of the gold rush, with nearby routes once connecting Cripple Creek to Florence along the Phantom Canyon Railroad. Set within GMU 59, the property offers strong potential for hunting, recreation, or simply carving out your own space in a part of Colorado that still feels wide open and untouched.

Unknown Na, Penrose

Courtesy of Redfin Corporation .

$199,000

1450117 MLS

The property at 1390 K Street in Penrose, Colorado, offers 2.72 acres of picturesque land. This expansive lot provides ample space for various outdoor activities and potential development. The property includes a substantial shop, ideal for storage, hobbies, or business operations. Located on the corner of highway 50 and 1 mile from from Highway 115, it offers convenient access to Colorado Springs, Pueblo, and Cañon City. This property has electric paid water tap and and perk test, enhancing the property’s appeal for residential or commercial use.

1390 K St, Penrose

Courtesy of Properties Of Colorado Inc .

$179,900

2943107 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 1 offers direct access from County Road 132 and includes power already on the property and access to BLM. 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.

Tbd County Road 132, Penrose

Courtesy of Homesmart Preferred Realty .

$179,900

3186142 MLS

-Kettle Canyon – New 36-40+ 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, all with BLM access. Lot 3 offers direct access from County Road 132 or Iron Handle Road 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 — 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.

Tbd Iron Handle, Penrose

Courtesy of Homesmart Preferred Realty .

$75,000

2664783 MLS

PICK YOUR LOT!! Sixteen 5.01 acre to 5.06 acre lots individually priced at $75,000 each. Located 10 minutes from Canon City offering quiet rural living with 360 degree views of the surrounding Colorado mountains. Exceptional sunrises and sunsets await! Great place for new home or shop location. No HOA or covenants to allow more uses of the land. Electricity is being installed within 330 feet of each lot (some closer)

Tbd Highway 67, Penrose

Courtesy of Frontier West Realty .

$179,900

3080727 MLS

Public Remarks: 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.

Tbd County Road 132, Penrose

Courtesy of Homesmart Preferred Realty .

$55,500

8112708 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 .

$400,000

2525451 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.

Lots 6.7 Lots 6.7 Iron Handle Road, Penrose

Courtesy of Homesmart Preferred Realty .

$54,500

6427881 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 .

$179,000

5328209 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.

Tbd Iron Handle, Penrose

Courtesy of Homesmart Preferred Realty .

$100,000

5396495 MLS

Premier 2.78 acre lot in Top Rail Ranch Estates! Beautiful mountain views along with gorgeous sunrises and sunsets. Centrally located between Canon City, Pueblo & Colorado Springs. Protective covenants which will help protect your homes value. No HOA! Wide open spaces with room for your horses and RVs. Under ground utilities! Drive-by and see where your next dream home will be located!!

83 Top Rail Trl, Penrose

Courtesy of All Seasons Llc .

$110,000

8479911 MLS

Find your private escape at SPUR CROSS RANCH, a new 35-acre mountain subdivision with six exclusive parcels. Imagine waking up to sweeping views of the Arkansas River Valley and the Wet Mountain Range from your custom-built dream home. Each property offers abundant space and distinct natural features, ensuring privacy and tranquility. Located just a short drive from U.S. Highway 50 on County Road 67, this is the perfect balance of seclusion and convenience. The interior ranch roads are well graveled and accessible year-round, even in the wettest of rains. With agricultural status for the vacant land the current tases are stated to be $22.00 per parcel annually. The prices of the six different parcels varies - they are all 35 acre tracts priced individual or combined pricing for multiple lot purchases below. Parcels, 1 & 2 to be priced at $110,000.00 each without electricity. Parcel 3, to be priced at $180,000.00 with electricity installed to the property. Parcel 4, to be priced at $150,000.00 with electricity installed to the property. Parcel 5, to be priced at $130,000.00 with electricity installed to the property. Parcel 6 to be priced at $110,000.00 each without electricity. Parcels 1, 2 & 6 to be priced at $320,000.00 without electricity.

Tbd County Road 67, Penrose

Courtesy of Frontier West Realty .

$125,000

3254044 MLS

This parcel is offered exclusively as a package with the adjacent 4.7-acre residential property MLS#4720347 , creating a rare opportunity to own a total of 9.4 irrigated acres in Fremont County. Discover the perfect opportunity to expand your rural lifestyle with this 4.7-acre irrigated parcel just outside Penrose, Colorado. Whether you're seeking more space for livestock, a productive hay field, or room to roam, this fully fenced property is ready to support your agricultural goals. With level terrain, quality soil, and a reliable irrigation source, the land is ideal for pasture, hay production, or 4-H projects, making it a great fit for hobby farmers, horse owners, or anyone looking to enjoy a little more elbow room in the countryside. Together, these parcels provide an outstanding foundation for a small farm or equestrian setup, with ample space for barns, corrals, gardens, and outdoor recreation. The combined acreage is cross-fenced for flexibility and ease of management. Located just minutes from Highway 50, this property offers a peaceful setting with easy access to Canon City, Pueblo, and Colorado Springs. Enjoy wide open skies, sweeping mountain views, and the freedom to live a rural lifestyle without sacrificing convenience. Whether you're planning to raise animals, grow crops, or simply enjoy the extra space, this irrigated land delivers the functionality and flexibility you’ve been looking for. Don’t miss this chance to secure additional acreage and create the lifestyle you’ve been dreaming of paired perfectly with the move-in ready home next door.

1442 K St, Penrose

Courtesy of Keller Williams Performance Realty .

$50,000

4869357 MLS

SMALL LOT BUT VERY VISIBLE

000 Hwy 115, Penrose

Courtesy of Properties Of Colorado Inc .

$179,000

8014486 MLS

Public Remarks: 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 5 offers access from County Road 132 onto Iron Handle Road and will now has power installed. It has pinons, junipers and rolling grass with unique red rock formations to explore. Enjoy breathtaking panoramic views of the surrounding tree-covered peaks in one of Colorado’s most scenic valleys. The land features gently rolling grasslands dotted with about 50% 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. Newly recorded survey plat map is in the photos. The best part is that it BORDERS MILES OF BLM!

Tbd Iron Handle, Penrose

Courtesy of Homesmart Preferred Realty .

$245,000

6397946 MLS

Welcome to LightSpring Property with 28 acres of fenced land. Features a non-sulfur 92 degree Hot Mineral Artesian Well flowing continuously from 980 feet below. The well boasts 75 gallons per minute adjudicated water right that is purposed for medicinal and irrigation. An annual 121 AF per year! Multiple possibilities including an excellent location for Solar and Wind farm/agrivoltiac/indoor therapy pool/ Permaculture/underground living site/Geothermal heated home and a Greenhouse! Brush Creek runs through the Southwesterly portion of the property. The owner allows responsible grazing that keeps taxes at a minimum. Easily visible from highway 50 on the north side. Just 12 miles east of Canon City and 1 mile west of of Highway 115 interchange. The south property line adjoins Highway 50 but currently does not have access. Deeded Access 30 Ft Easement that leads to the NE corner of property.

2 8th St, Penrose

Courtesy of Brady Realty .

$179,900

240247 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 1 offers direct access from County Road 132 and includes power already on the property and access to BLM. 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.

Tbd County Road 132, Penrose

Courtesy of HomeSmart Preferred Realty .

$120,000

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

$250,000

233891 MLS

Discover the unmatched potential of this stunning 20-acre property, split evenly on each side of 11th Street and nestled in the heart of Colorado's serene high desert landscape. With 10 acres on either side, this unique parcel offers flexibility for a variety of uses — build your dream home, establish a hobby farm, or develop a retreat that embraces the peace and beauty of the surrounding mountains. Call today for details!

Tbd 11th St, Penrose

Courtesy of HomeSmart Preferred Realty .

$54,500

235194 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 .

$50,000

233714 MLS

Prime Highway 115 Visibility – Small Lot, Big Opportunity! Don't let the size fool you—this small but mighty lot offers exceptional visibility right off Highway 115, making it a strategic spot for signage, small business potential, or investment. With high traffic exposure and easy access, it's an ideal location to get noticed. Whether you're looking to advertise, build, or hold, this highly visible parcel delivers big impact in a compact footprint.

000 Hwy 115, Penrose

Courtesy of Properties Of Colorado CC .

$55,500

235198 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 .

$55,500

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 Street, Penrose

Courtesy of HomeSmart Preferred Realty . jenny@gatzkehomes.com,719-458-9559

$54,500

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 Street, Penrose

Courtesy of HomeSmart Preferred Realty . jenny@gatzkehomes.com,719-458-9559

$250,000

7059918 MLS

Discover the unmatched potential of this stunning 20-acre property, split evenly on each side of 11th Street and nestled in the heart of Colorado’s serene high desert landscape. With 10 acres on either side, this unique parcel offers flexibility for a variety of uses — build your dream home, establish a hobby farm, or develop a retreat that embraces the peace and beauty of the surrounding mountains. Call today for details!

000 11th Street, Penrose

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

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