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$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
$699,900
3 Beds ⋅ 2 Baths ⋅ 242134 MLS
Updated Brick Rancher on 9.44 Acres with Water Rights & Horse Facilities. Welcome to this beautifully updated brick rancher offering just under 3,600 finished square feet across two parcels totaling 9.44 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 10 shares of Beaver Park water, TWO water taps, 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. Schedule your private showing today!

1400 & 1442 K St, Penrose

Courtesy of RE/MAX Associates .

$295,500
3 Beds ⋅ 2 Baths ⋅ 7897799 MLS
Look past the surface! There is more than meets the eye with this one! Two water taps, two septic tanks, two power poles! This property is fully primed for building right away. Unlock the ultimate Colorado potential with this nearly 5-acre Penrose property, beautifully framed by breathtaking, unobstructed mountain views. While the existing 3-bedroom, 1.75-bathroom home is ready for a fresh vision or your own personal updates, the true value here lies in the rare, premium infrastructure already established and fully paid for! You get a tremendous head start with these utilities in place. This is an exceptional, turnkey foundation for your plans, offering the flexibility to live in the current space while you build a custom dream home, add a second dwelling, or set up a multi-home property. Whether you choose to build from the ground up, bring in a modular design, or create a unique setup with a tiny home alongside the current structure, the heavy lifting of utility setup is completely done. Skip the costly, time-consuming utility delays and embrace a rare opportunity to bring your vision to life on your own land. Call now!

828 3rd St, Penrose

Courtesy of Rover Real Estate Company .

$295,500
3 Beds ⋅ 2 Baths ⋅ 7751647 MLS
Look past the surface! There is more than meets the eye with this one! Two water taps, two septic tanks, two power poles! This property is fully primed for building right away. Unlock the ultimate Colorado potential with this nearly 5-acre Penrose property, beautifully framed by breathtaking, unobstructed mountain views. While the existing 3-bedroom, 1.75-bathroom home is ready for a fresh vision or your own personal updates, the true value here lies in the rare, premium infrastructure already established and fully paid for! You get a tremendous head start with these utilities in place. This is an exceptional, turnkey foundation for your plans, offering the flexibility to live in the current space while you build a custom dream home, add a second dwelling, or set up a multi-home property. Whether you choose to build from the ground up, bring in a modular design, or create a unique setup with a tiny home alongside the current structure, the heavy lifting of utility setup is completely done. Skip the costly, time-consuming utility delays and embrace a rare opportunity to bring your vision to life on your own land. Call now!

828 3rd Street, Penrose

Courtesy of Rover Real Estate Company . James@roverrealestateco.com,719-431-1754
$477,000
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 .

$180,000
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 .

$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 .

$325,000
3 Beds ⋅ 2 Baths ⋅ 241995 MLS
Nearly 5 acres, mountain views, owned solar and a home packed with custom touches! Welcome to 325 5th Street in Penrose, a 3-bedroom, 2-bath home situated on 4.88 acres with room for your RV, toys, animals, hobbies and more. Inside, extensive custom beetle-kill pine woodwork gives the home a warm Colorado character you won't find in a cookie-cutter property. The spacious kitchen features abundant cabinetry and a large center island, while a pellet stove adds to the cozy living space. Updates include electrical and plumbing improvements, and on-demand hot water. Outside, enjoy wide-open mountain views from the covered front porch and nearly five acres of usable space. The property includes a detached 1-car garage, 2-car carport, shed with power, RV hookup, built-in fire pit, fenced backyard and separate fenced chicken yard. There's plenty of space here for vehicles, equipment, projects and outdoor living. A ground-mounted solar system is owned outright and conveys with no solar loan or lease to assume. The property is served by Penrose Water and septic, giving you acreage without relying on a private well. With 4.88 acres, owned solar, extensive storage and parking, custom woodwork and beautiful Colorado views, 325 5th Street offers a combination that's difficult to duplicate. Bring your RV, hobbies, chickens, horses and plans for the land?there's room to make this property your own. Central air and heat.

325 5th St, Penrose

Courtesy of Pasternak Properties .

$155,000
2 Beds ⋅ 2 Baths ⋅ 8892232 MLS
Welcome home to this inviting 2-bedroom, 2-bath manufactured home situated on a spacious 0.37-acre corner lot in Penrose. A circular driveway provides convenient access and plenty of parking, while an oversized one-car garage, covered RV parking, and multiple outbuildings offer exceptional space for vehicles, hobbies, and storage. A wheelchair-accessible ramp provides convenient step-free access to the home. Inside, you’ll find a bright and sunny eat-in kitchen with newer appliances and attractive plank flooring that continues through the entry and hallway. Could use new carpeting in the living room & bedrooms. Central air conditioning keeps the home comfortable during the warmer months, and the washer and dryer are included for added convenience. Outside is where this property really shines! The home features newer exterior paint, a large carpeted hobby shed (12 x 18'9), two additional storage sheds, and a fenced backyard area with plenty of room to enjoy the Colorado sunshine. The roof was replaced in 2020, providing added peace of mind. With generous outdoor space, excellent storage, covered RV parking, a circular drive, accessible entry, and a peaceful Penrose setting, this well-cared-for property offers an appealing combination of comfort, functionality, and versatility.

405 Illinois St, Penrose

Courtesy of EXIT Elevation Realty .

$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 Drive, Penrose

Courtesy of Realty One Group Apex . kerri@rogapex.com
$269,900
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 .

$485,000
3 Beds ⋅ 2 Baths ⋅ 2280262 MLS
What a great custom built home! Nice open floor plan with beautiful Eucalyptus wood floors, solid 6-panel doors throughout, and cathedral ceilings for that big feeling. Large living room with planter ledges opening up into the separate dining room. Really big kitchen with lots of rustic hickory cabinets, a pantry and granite counter tops. Spacious master suite with walk-in closet and large bathroom including a walk-in shower. This is an all electric home with solar panels that make for an almost non-existent electric bill! 28 x 24 oversized 2-car garage so your big SUV or truck will fit nicely. Lots of shelving, and a 56 x 12 covered patio. Fenced back yard and fully fenced on 3 sides. A nice separate greenhouse with a frost-free hydrant and additional storage building and RV parking. Great views all around!

1407 Top Notch Trl, Penrose

Courtesy of Kurt Zerby Real Estate Group .

$269,900
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 Street, Penrose

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

$600,000
4 Beds ⋅ 4 Baths ⋅ 3608125 MLS
Set on 9 picturesque acres in Penrose, this spacious two-story home offers the perfect balance of peaceful country living and modern convenience. Whether you're looking to start a hobby ranch, enjoy wide-open spaces, or simply embrace a quieter lifestyle, this property delivers the flexibility and room you've been searching for. With 3,455 finished square feet, the home features 4 bedrooms, 4 bathrooms, and multiple living areas designed for comfort and functionality. The upper-level primary suite is a true retreat, complete with a private bath, walk-in closet, cozy fireplace, and sweeping views of the surrounding landscape. The thoughtfully updated kitchen features solid surface countertops, new appliances, and abundant storage. The fully finished basement adds exceptional versatility with a spacious family room, additional bedroom and bathroom, wet bar/kitchenette, and ample storage—ideal for guests, multi-generational living, or entertaining. Outside, the possibilities are endless. This operational ranch is zoned for horses and other livestock and includes mature shade trees, fruit trees, fencing, a large Port-A-Stall barn, loafing shed, two chicken coops with separate runs, greenhouse, potting shed, fenced garden, tool shed, and two additional storage sheds. There's also plenty of room to park RVs, trailers, boats, and other recreational equipment, along with a two-car attached garage. Enjoy breathtaking sunrises, spectacular Colorado sunsets, and the peace and privacy that only acreage can provide. Conveniently located near Cañon City, Florence, Pueblo, and Colorado Springs, this property offers the best of rural living while keeping everyday amenities within easy reach. If you've been dreaming of more land, more freedom, and a home that offers room to grow, this exceptional Penrose property is ready to welcome you home.

1000 S Street, Penrose

Courtesy of Real Broker, LLC DBA Real . kristim@meyhamproperties.com,719-315-1814
$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 .

$389,000
3 Beds ⋅ 2 Baths ⋅ 6809589 MLS
Welcome to your new horse property with room for many animals! This well-maintained 3-bedroom, 2-bath manufactured home sits on 5 acres with 5 shares of Beaver Creek flood irrigation water, offering both functionality and stunning views. The home was remodeled in 2015 and features newer cabinets, granite countertops, and a durable metal roof. Energy efficiency is a major bonus with fully paid-off solar and a $10,000 backup battery system, keeping electric bills incredibly low—typically just $10–$20 per month. An electric gate welcomes you onto the property, leading to a carport, detached garage, and RV parking with electricity. Relax and take in the views from the expansive 60' x 12' covered porch. The property is well-equipped for animals with two barns—the main barn offers four interior stalls, one exterior stall, a tack room, and wash area, while the second barn includes three stalls with both electricity and water. Additional improvements include a new round pen for horses, chicken coop, and extensive fencing and cross-fencing with multiple gates to easily manage livestock. Irrigation pipe will stay with the property, and you'll also enjoy 10+ fruit trees adding beauty and productivity to the land. Conveniently located with easy access to Canon City, Pueblo, and Colorado Springs, this property offers the ideal combination of rural lifestyle, equestrian amenities, and modern efficiency.

1144 4th St, Penrose

Courtesy of Homesmart Preferred Realty .

$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 .

$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 Drive, Penrose

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

Courtesy of HomeSmart Preferred Realty . sam@banningteam.com,719-458-1345
$275,000
3 Beds ⋅ 2 Baths ⋅ 6245939 MLS
Some people want a yard. Others want land. If you're in the second group, 561 CR 132 in Penrose is worth your time. Five acres of Southern Colorado ground gives you the kind of space where you can actually spread out — park the RV on the dedicated pad with hookup, let the animals roam the partially fenced acreage, plant something, build something, or simply enjoy having room between you and the rest of the world. Colorado mountain views come with the territory. The home itself is a 3-bedroom, 2-bathroom manufactured home at 1,280 square feet — built in 2002, move-in ready, and waiting on someone to put their mark on it. Nothing flashy, but a solid place to land while you settle into the land around it. Location works in your favor too. Penrose sits within an easy drive of Cañon City, Pueblo, and Colorado Springs — close enough to everything you need, far enough to feel like you've actually left it behind. If putting down roots on real ground in Southern Colorado is what you've been after, this is a straightforward opportunity to do exactly that.

561 County Road 132, Penrose

Courtesy of Keller Williams Performance Realty .

$399,500
3 Beds ⋅ 2 Baths ⋅ 2236864 MLS
Beautiful horse property on just under 10 fenced acres with stunning mountain views. The property is well-equipped with horse stalls, a steel pipe arena, frost-free water faucets, gates at both ends, a loafing shed, and chicken shed. The roomy 3-bedroom, 2-bath home features cathedral ceilings, luxury plank flooring, newer appliances (2020), central air (2023), a spacious living room, and a kitchen with granite countertops and plenty of cabinet space. The private master suite includes a full bathroom. Additional amenities include a large fenced dog kennel, oversized 32x24 garage with 10x36 enclosed stalls, and a 40x20 RV garage. This property offers the perfect combination of comfortable living, functionality, and country charm.

1044 P St, Penrose

Courtesy of Kurt Zerby Real Estate Group .

$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 Road, Penrose

Courtesy of Century 21 Community First . erick@firstcolorado.com,614-440-9031
$400,000
3 Beds ⋅ 2 Baths ⋅ 1662143 MLS
Brand new construction on 4.94 acres in Penrose. This beautifully designed 3-bedroom, 2-bath home features a desirable split-bedroom floor plan that offers privacy and comfort. The spacious primary suite includes an adjoining bathroom with dual vanities, and an expansive tiled shower. The kitchen is equipped with granite countertops, an island with breakfast bar, and plenty of cabinet space, making it ideal for both everyday living and entertaining. The new stainless steel kitchen appliances will be included. The dining area provides a slider to the rear concrete patio, perfect for enjoying the peaceful surroundings and expansive acreage. The primary bedroom and living room have convenient plug ins for TVs. Additional features include a 2-car attached finished garage, no maintenance exterior with stucco, metal soffits and stone accents, cultured marble window seals, granite counters in the bathrooms and central air conditioning. Enjoy the benefits of country living while remaining close to amenities, school and park in the heart of Penrose!

776 S Broadway Na, Penrose

Courtesy of All Seasons Llc .

$400,000
3 Beds ⋅ 2 Baths ⋅ 240827 MLS
Brand new construction on 4.94 acres in Penrose. This beautifully designed 3-bedroom, 2-bath home features a desirable split-bedroom floor plan that offers privacy and comfort. The spacious primary suite includes an adjoining bathroom with dual vanities, and an expansive tiled shower. The kitchen is equipped with granite countertops, an island with breakfast bar, and plenty of cabinet space, making it ideal for both everyday living and entertaining. The new stainless steel kitchen appliances will be included. The dining area provides a slider to the rear concrete patio, perfect for enjoying the peaceful surroundings and expansive acreage. The primary bedroom and living room have convenient plug ins for TVs. Additional features include a 2-car attached finished garage, no maintenance exterior with stucco, metal soffits and stone accents, cultured marble window seals, granite counters in the bathrooms and central air conditioning. Enjoy the benefits of country living while remaining close to amenities, school and park in the heart of Penrose!

776 S Broadway, Penrose

Courtesy of All Seasons LLC. .

$1,095,000
3 Beds ⋅ 3 Baths ⋅ 9660678 MLS
A truly one of kind property, that is in a class of its own. Custom sprawling rancher with over 2,200 sq. ft. with 3 bedrooms and 3 bathrooms. Here is where the uniqueness begins... Home is situated on 10 acres with 10 shares of Beaver Park Ditch Stock, beautiful landscaping, and a large producing hay field. Purchase includes adjoining 10 acre parcel, and comes with 5 shares of Beaver Park Ditch Stock, as well as a water tap. That's not all! The 10 acre parcel across the street, is also included in the purchase, and comes with 5 more shares of Beaver Park Ditch Stock. So altogether, that is 3 parcels, 30 acres, and 20 shares of irrigation. You will not find better or more manicured producing hay fields around! The property gives pride in ownership and entirely new meaning. Inside you are sure to admire the character and personal touches in every room! Storage inside and out will not be an issue. Outside offers an attached 2 car garage, a single detached garage, an oversized carport, and an additional building perfect for storing equipment, a workshop, or anything that would best suit your needs! The iron gated entry gives you an extra sense of privacy and security. Come take a look at this rare find that offers unapparelled hay fields, stunning views, and an overall appreciation for the amount of care and hard work that has been into this property.

1115 M St, Penrose

Courtesy of Re/Max Royal Gorge .

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