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$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 .

$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 .

$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 .

$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 .

$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
$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
$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 .

$160,000
3 Beds ⋅ 2 Baths ⋅ 9160392 MLS
Move-In Ready and VA friendly. Stop paying rent and invest in your future with this updated home on its own land. This 3-bedroom, 2-bath has been refreshed from top to bottom, featuring a new roof, fresh interior and exterior paint, and stylish luxury vinyl flooring. Both bathrooms have been completely modernized. Enjoy the perfect balance of quiet, small-town charm and peaceful country living while staying perfectly connected. Centrally located within a 30-45 minute commute of Fort Carson, Colorado Springs, and Pueblo. The Seller is motivated and looking forward to reviewing all reasonable offers. Back on the market due to buyer's inability to secure financing.

205 Illinois St, Penrose

Courtesy of Tina Smith Real Estate .

$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 .

$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 .

$53,500
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 .

$52,500
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 .

$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 .

$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 .

$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
$52,500
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 .

$100,000
232631 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. .

$53,500
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 .

$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 Street, Penrose

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

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