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$650,000
3 Beds 4 Baths 9676360 MLS
Welcome to 611 Q St, Penrose, CO 81240 — a rare 20-acre retreat with unmatched versatility, panoramic views, and room to grow. Situated on two fully fenced 10-acre parcels, this exceptional property offers the flexibility to add a second residence (potentially eligible for an additional water tap per Penrose Water District—buyer to verify). Whether you're looking for multi-generational living, agricultural use, or a peaceful homestead, this property delivers. The well-maintained home features a thoughtful layout with garden-level windows in the basement, bringing in natural light and mountain views. The primary suite has been upgraded with a walk-in shower, and the kitchen is outfitted with stainless steel appliances, plus washer and dryer included for convenience. Central A/C keeps the home comfortable year-round. Step outside to enjoy a massive rooftop deck—perfect for entertaining or soaking in the breathtaking landscape—and a detached metal shop that can accommodate up to 8 cars or a motorhome. The shop is equipped with a wood stove for heat, a 50-amp circuit for welding or RVs, and even features a mechanic’s pit for working on vehicles. With no HOA, zoning that allows horses and cows, and 20 acres of flat, usable land, this property is a dream come true for hobby farmers, car enthusiasts, and those seeking Colorado country living with room to expand.

611 Q St, Penrose

Courtesy of Pulse Real Estate Group Llc .

$399,999
3 Beds 2 Baths 4935394 MLS
Welcome to this beautiful 3-bedroom, 2-bathroom home nestled in a low-traffic, well-kept neighborhood. Situated on nearly half an acre, this property offers the perfect blend of space, comfort, and modern style. Step inside to an inviting open floor plan featuring gorgeous hardwood floors and abundant natural light. The spacious kitchen is the heart of the home, complete with ample cabinetry, modern appliances, and a large island ideal for entertaining or casual dining. The seamless flow between the kitchen, dining, and living areas makes everyday living and gatherings effortless. The primary suite offers a relaxing retreat with a well-appointed bathroom and generous closet space. Two additional bedrooms provide flexibility for guests, a home office, or hobbies. Enjoy year-round comfort with central air conditioning. Outside, the fully fenced backyard provides privacy plenty of room to play, garden, or unwind. With nearly a half-acre lot, there’s space to create your dream outdoor oasis while still enjoying the charm of a peaceful neighborhood setting. This move-in-ready home combines modern finishes, functional design, and room to grow. Don’t miss your opportunity to make it yours!

215 Sherrill Dr, Penrose

Courtesy of Homesmart Preferred Realty .

$535,000
4 Beds 3 Baths 9249842 MLS
If you’re searching for horse property in Penrose, Colorado with acreage, barn, and usable land, this property at 855 Marilyn Drive checks all the boxes. Situated on 3 acres of fully usable land, this Colorado horse property is already set up for animals with fenced pasture, a barn, horse sheds, and room for additional corrals or riding areas. The home offers 2,952 total finished square feet, including 1,476 square feet on the main level and a fully finished 1,476 square foot basement, providing plenty of flexible space for living, entertaining, hobbies, or guests. The main level features attractive wood-look tile flooring, giving the warmth and appearance of hardwood with the durability and easy maintenance that works perfectly for country living. A major advantage of this acreage property in Fremont County is the excellent water setup. The home is connected to municipal water for household use, while the property also includes two wells, including a dedicated livestock well, making it ideal for horses, livestock, or small agricultural use. Additional improvements include a detached garage for vehicles, equipment, or workshop space, along with established horse facilities that make this a true turnkey horse property. Located in the desirable Penrose, Colorado rural community, this property offers the peaceful lifestyle buyers look for when searching for horse property near Cañon City, Florence, and Colorado Springs. You’ll enjoy wide-open space, room for animals, and the flexibility that comes with owning Colorado acreage with horse facilities and multiple water sources. Horse properties with usable acreage, barns, wells, and a finished home are becoming harder to find in the Penrose and Fremont County area. If you’ve been looking for a move-in ready Colorado horse property, this one deserves a closer look.

855 Marilyn Dr, Penrose

Courtesy of Pikes Peak Dream Homes Realty .

$990,000
5 Beds 3 Baths 3550439 MLS
Welcome home to this magnificent horse property situated on 10 acres with irrigation. This spacious 5 bedroom 3 bath home has many upgrades throughout. Five piece bath off the primary suite with copper tub, double sinks, walk in closet and seperate water closet. Kitchen features two islands with leathered granite countertops. Two spare bedrooms separated by a bathroom. In the walkout basement you are greeted by a large living room with gas fireplace and bar area perfect for entertaining. Two bedrooms one with large walk in closet separated by a bathroom. There is also a large storage room. Solar on the roof of the barn to cut the utility bills down. Beautiful landscaping in the front and backyard with tremendous views off the back porch. 40'x60' horse barn with 5 stalls and pipe runs off each stall. A 12x12 insulated tack room, hay storage and a wash area. Covered area off the back of the barn offers extra storage. Large pipe round pen and 150'x275' pipe roping arena and return alley with three cattle pens each with their own shelter. Automatic waters with electricity in all pens. RV plug for trailers or guests with plenty of parking for all the toys. The hayfield/pasture is approximately 5.5 acres and irrigated with 5 shares of Beaver Park water. You can turn the animals out of cut and bale the hay. There is also a separate pasture about 3/4 of an acre for turnout. This property is a must see for anyone with animals and wanting some elbow room.

1675 M St, Penrose

Courtesy of Re/Max Associates .

$357,000
3 Beds 2 Baths 9428711 MLS
Welcome to this custom ranch style home on a large corner lot. The covered front deck, with Trex deck, is the focal point of the curb appeal. As you enter the home you are greeted by the Brazilian hardwood floors in the living room and front bedroom. The bay window allows for natural light. The kitchen has Birch cabinets and a nice sized pantry with the dining room attached looking out on the back yard. The primary bedroom has a walk-in closet and an en-suite with a jetted tub and separate shower. A bonus room, situated between the dining room and garage has stamped concrete floors, let your imagination run wild on all the different ways you could utilize this space, craft, home school, or play room. The back yard is exerscaped for easy maintenance. Plenty of room for a garden shed. There is an attached oversized 2 car garage. Fresh paint throughout the inside. Metal roof and vinyl siding, radiant baseboard heat, natural gas, sewer connection (no septic), swamp cooler to keep you cool and a solar system that is owned. Conveniently located close to the elementary school and grocery store. Easy commute to Colorado Springs, Pueblo, and Canon City.

117 Hawkins St, Penrose

Courtesy of Reeves Real Estate Llc .

$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 .

$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 .

$635,000
4 Beds 4 Baths 9403060 MLS
Set on 9 acres in Penrose, this spacious 2-story home offers a rare blend of square footage, usable land, and flexibility for a variety of lifestyles. Featuring 4 bedrooms and 4 bathrooms across 3,455 finished square feet, the layout provides separation and functionality with multiple living spaces. The upper-level primary suite is generously sized and includes an adjoining bath, walk-in closet, expansive views and a fireplace—an uncommon and inviting feature. The kitchen is upgraded with solid surface countertops, new appliances and provides ample storage throughout. The fully finished basement expands the living options with a spacious living room, an additional bedroom, bathroom, wet bar or kitchenette, and storage space—well-suited for guests, extended living, or entertaining. Outside, this operational ranch is zoned to allow horses and other animals, mature trees, fruit trees, fencing, large Port-A-Stall barn, loafing shed, 2 chicken coops with separate runs, green house, potting shed, fenced in garden, tool shed and 2 additional storage sheds. Along with ample parking for RV, boat or other outdoor toys and a 2-car attached garage, this property is a dream come true. In addition the sunrises and sunsets are absolutely breathtaking! The acreage provides room to spread out while still maintaining accessibility to Canon City, Florence, Pueblo and Colorado Springs. With a beautiful home, generous square footage, and acreage in a rural setting, this property presents an opportunity for buyers seeking space, flexibility, and long-term potential.

1000 S St, Penrose

Courtesy of Real Broker, LLC .

$475,000
3 Beds 2 Baths 6953232 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 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 .

$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 .

$269,900
3 Beds 2 Baths 6656031 MLS
Welcome to this well-maintained manufactured home set on a spacious one-acre lot in Penrose, Colorado, with Public/City Water offering endless possibilities for your rural lifestyle. With a convenient circular driveway and some cross-fencing already in place, this property provides an ideal setting for your aspirations—whether it’s raising animals, tending to horses, or having a spot for all of you extra things. The generous outdoor space enhances the value of this home, giving you room to roam, garden, or even build your own workshop. Inside, the thoughtfully designed floor plan is filled with natural light and features three comfortable bedrooms and two bathrooms. The master suite stands out with its large bedroom, expansive walk-in closet, and spacious master bathroom. The open-concept living area seamlessly connects to the kitchen, making it perfect for entertaining or family gatherings. For those summer evenings, relax in the sunroom or on large the covered deck, ideal for enjoying the fresh air and mountain views. This affordable home isn’t just a place to live; it’s an opportunity to embrace the country lifestyle you’ve always desired. Located close to Highway 115 with easy access to Colorado Springs and Pueblo, don’t miss the chance to make it yours!

550 4th St, Penrose

Courtesy of Real Broker, LLC .

$775,000
2 Beds 2 Baths 6735100 MLS
Situated on over 73 acres across two parcels, this exceptional Colorado ranch property offers a rare combination of privacy, recreation, and future development potential. The cozy 2-bedroom, 2-bath ranch home features a covered front deck with stunning views of Table Mountain and the Beaver Creek Wilderness Area, a grid-tied solar system for low utility costs, and a newer pellet stove for year-round comfort.New windows and Luxury Vinyl Plank in the bedrooms. A 10gpm well with a cistern and commercial reverse osmosis system insures pure clean water. The property is fully equipped for ranching or hobby farming with a 30x40 insulated garage/shop, a 30x46 insulated barn, livestock facilities, multiple storage sheds, partial fencing, and an electronic security gate. The second parcel has been thoughtfully prepared as a future dream-home site with underground power, completed septic perk testing. With breathtaking views of dramatic red rock formations and the snow-capped Sangre de Cristo Mountains, plus easy access to fishing, horseback riding, hiking, and trout-filled Beaver Creek, this is a truly unique opportunity to own a well-improved mountain ranch retreat.

8200 County Road 132, 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 .

$635,000
3 Beds 2 Baths 4720347 MLS
Updated Brick Ranch on 4.7 Irrigated Acres with Horse Barn with adjacent 4.7 acre irrigated parcel for sale separately for $125,000, creating a rare opportunity to own a total of 9.4 irrigated acres in Fremont County. This well-maintained brick ranch in Penrose, Colorado, offers move-in-ready comfort on 9.4 irrigated acres, fenced, and cross-fenced acres, complete with a 30x30 horse barn, small corral, and shade trees. Inside, you’ll find 2950 sq ft with 1798 sf on the main level with real hardwood floors and a desirable split-bedroom layout plus a beautifully finished lower level rec room. The open-concept design flows from the living room to the dining area and fully remodeled kitchen featuring AristoKraft cabinets, granite counters, stainless steel appliances, and a glass cooktop. The spacious primary suite offers two walk-in closets and a beautifully updated ensuite bath. Two additional bedrooms and a second full bath are located on the opposite side of the home for privacy and flexibility. A finished basement provides a large rec room ideal for hobbies, a home theater, or extra living space. Comfort is ensured year-round with baseboard heat from a high-efficiency boiler and a roof-mounted evaporative cooler. A new roof was installed in 2021 as part of a full remodel. Solar array was installed in 2023. With a wood stove, a new on-demand hot water system, and updated boiler system ensure that your energy bills will be as low as can be. The acreage is ideal for livestock, gardening, or simply enjoying wide-open space. With its solid construction, thoughtful upgrades, and room to grow, this property offers the best of Colorado living; peaceful, spacious, and practical. Located just minutes from Florence, Canon City, and Pueblo, with Colorado Springs an easy drive away.

1400 K St, Penrose

Courtesy of Keller Williams Performance Realty .

$1,300,000
3 Beds 3 Baths 7957906 MLS
Beaver Creek Ranch is a stunning 108-Acres with an Adobe-Style Home, Arena, Barn & More! Tucked away off of Highway 115, down a private driveway, this 2,915 sf adobe-style home sits on 108 acres of ranch land, perfectly equipped for both equestrian and agricultural pursuits. This property offers endless opportunities—whether you're looking for a working ranch, private retreat, or multi-use estate. The main level of the home boasts classic adobe character with beautiful wood beams, tile flooring, and spacious living. A large family room, separate living room, dining room, laundry room, and a kitchen with a walk-in pantry create a functional and inviting layout. The master suite features a generous walk-through closet. New flooring enhances the living space. Upstairs, a third bedroom and full bathroom with its own outdoor entrance provides great flexibility—ideal for guests, rental, multi generational living or can be used as a craft room. The home is largely self-sufficient with 72 solar panels. Sweeping mountain views and a seasonal creek attract abundant wildlife, creating a peaceful, scenic backdrop. For equestrian enthusiasts, this ranch is truly horse-ready. It features a 300' x 155' riding arena, a 50' x 115' barn with 9 stalls, tack room & hay storage. A loafing shed & 4 corrals with shipping chute. Approximately 30 acres of irrigated hay field provide agricultural potential, with hay freshly baled in August. The property comes with 31 shares of irrigated water shares through Beaver Park Water. Additional income is generated by a discreet internet tower leased to SECOM, located out of sight on a near by bluff. There is also a shooting range at the back of the property. With its private setting & wide-open spaces and located just north of downtown Penrose, close to Canon City, Pueblo & Colorado Springs, this unique property is a rare gem!

18530 Hwy 115, Penrose

Courtesy of Homesmart .

$384,000
3 Beds 2 Baths 6732566 MLS
Discover your slice of paradise in this beautifully maintained 3 Bedroom, 2 Bath, move in ready manufactured home with over 2300 square feet of living space. Perfectly positioned on a serene mesa with 10 Acres of breathtaking landscapes, this property also includes an oversized detached three-car garage with an RV-sized bay and additional workspace providing ample room for vehicles and hobbies. The spacious floor plan features an open kitchen with a large island and tons of counter space that flows seamlessly into two generously sized living areas, one equipped with a cozy wood-burning stove, creating an inviting atmosphere for relaxation and entertainment. The luxurious master suite is one of a kind, complete with a huge master bath featuring a freestanding tub and dual sinks, perfect for unwinding after a long day. Enjoy magnificent mountain vistas and unforgettable sunsets from your patio, offering daily doses of natural beauty from every angle. Modern amenities include a new septic system, a new water purification system and a tankless hot water heater ensuring peace of mind along with a new hot tub for the next lucky owner. Located in a peaceful rural setting on a quiet dirt road, this property provides the perfect blend of privacy and quick accessibility to major highways heading to Colorado Springs, Pueblo, Canon City and Florence. This home is truly a gem—don't miss your chance to make it yours!

1376 B St, Penrose

Courtesy of Real Broker, LLC .

$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 .

$690,000
4 Beds 4 Baths 1132033 MLS
Located in prestigious Apple Valley Estates, the top subdivision in Penrose, this beautiful custom home is one of a kind. The property sits on a meticulously manicured, rectangular corner lot measuring 2.26 acres, featuring a productive apple orchard and irrigated grass hay fields, perfect for the hobby farmer. The grounds showcase mature fruit trees, tall pines, and beautifully established landscaping. A stucco wall fence borders the west side, while cross-fencing in the hay field makes it easy to graze animals. Two flagpoles stand in the xeroscaped front yard, ready for your choice of flags. Key features include an approximately 1,000-sq.-ft. ADU with a kitchenette, restroom, and dry sauna. There is a three-car garage with a rear tool area and an adjacent carport for equipment and toys. The main floor offers a spacious master bedroom (18 × 23 feet) with an attached 5-piece bath, a walk-in closet, and a huge patio. The main floor also has a guest bath, utility room, and covered entry porches on both the front and rear, with access from the west, south, and east. The rear porch doubles as a bright sunroom and features all-new double windows and a dramatic floor-to-ceiling bay window that floods the space with natural light. Upstairs you’ll find three additional bedrooms served by two baths (one full and one ¾). Flexible dining options include formal areas, or you can continue using the owners’ eat-in kitchen with quartz countertops. Downstairs, approximately 1,000 sq. ft. of unfinished basement space currently serves as 2 workshop rooms, complete with a large brick hearth and fireplace in a family-room-type setting. Additional conveniences include a puppy-fenced backyard off the back doors. The home is heated by natural-gas hot water with a newer boiler, and wood is already on hand for the master retreat and basement stove. All buildings, the home, and the stucco wall fence were freshly painted just two years ago. This is Apple Valley exactly as you dreamed it.

310 L St, Penrose

Courtesy of Properties Of Colorado Inc .

$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 .

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