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Homes for Sale in 81240

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  • /48

    $650,000

    $50K PRICE DROP
    • 3 Beds
    • 4 Baths
    • 2,482 Sq Ft

    611 Q St, Penrose, CO 81240

    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,

    Agent Photo

    Scott Coddington

    Pulse Real Estate Group Llc

    611 Q St, Penrose, CO 81240
  • /48

    $1,300,000

    • 3 Beds
    • 3 Baths
    • 2,915 Sq Ft

    18530 Colorado 115, Penrose, CO 81240

    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

    Agent Photo

    Linda Leslie

    HomeSmart

    18530 Colorado 115, Penrose, CO 81240
  • /50

    $1,199,000

    • 3 Beds
    • 2 Baths
    • 2,833 Sq Ft

    716 Dakota Ln, Canon City, CO 81212

    A standout feature of this amazing 35 acre property is the 1,687 sq ft guesthouse offering 3 bedrooms, 2 bathrooms, a full kitchen, living room, and an additional kitchenette—ideal for guests or multigenerational living. Discover unmatched privacy, comfort, and luxury in the stunning 3 bedroom, 2 bathroom main home, which offers high-end finishes, expansive living spaces and breathtaking views -

    Agent Photo

    DELLA RIEGER

    Real Broker, LLC

    716 Dakota Ln, Canon City, CO 81212
  • /11

    $400,000

    • Land
    • 83.54 Acres
    • $4,788 per Acre

    Lot 6,7 Iron Handle Rd Unit 6,7, Penrose, CO 81240

    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.

    Agent Photo

    Linda Mattson

    HomeSmart Preferred Realty

    Lot 6,7 Iron Handle Rd Unit 6,7, Penrose, CO 81240
  • /50

    $725,000

    • 4 Beds
    • 4 Baths
    • 4,697 Sq Ft

    310 L St, Penrose, CO 81240

    Located in prestigious Apple Valley Estates, the top subdivision in Penrose, this beautiful custom home is one of a kind. Originally built as a private resting place for the owner's clients, it sits on a meticulously manicured, corner rectangular lot featuring a productive apple orchard and irrigated grass hay fields, perfect for the hobby farmer. The grounds showcase mature fruit trees, tall

    Agent Photo

    Tyson Cool

    Properties Of Colorado CC

    310 L St, Penrose, CO 81240
  • /50

    $389,000

    • 3 Beds
    • 2 Baths
    • 1,224 Sq Ft

    1144 4th St, Penrose, CO 81240

    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

    Agent Photo

    Joe Garcia

    Homesmart Preferred Realty

    1144 4th St, Penrose, CO 81240
  • /14

    $179,000

    • Land
    • 36.18 Acres
    • $4,947 per Acre

    TBD Lot 5 Iron Handle Rd, Penrose, CO 81240

    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

    Agent Photo

    Linda Mattson

    Homesmart Preferred Realty

    TBD Lot 5 Iron Handle Rd, Penrose, CO 81240
  • /6

    $1,200,000

    • Land
    • 26.76 Acres
    • $44,843 per Acre

    00 Shoop Dr, Florence, CO 81240

    Unlock an extraordinary investment opportunity with over 26 acres of prime highway-frontage land, perfectly positioned for maximum visibility and accessibility. This rare gem comes with a significant advantage: no need to navigate costly DOT requirements for acceleration or deceleration lanes, as the state has already installed a convenient stoplight, streamlining access for future development.

    Agent Photo

    Tyson Cool

    Properties of Colorado Real Estate Inc

    00 Shoop Dr, Florence, CO 81240
  • /11

    $179,900

    • Land
    • 40.01 Acres
    • $4,496 per Acre

    0 County Road 132 Unit REC8723266, Penrose, CO 81240

    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

    Agent Photo

    Linda Mattson

    HomeSmart Preferred Realty

    0 County Road 132 Unit REC8723266, Penrose, CO 81240
  • /5

    $80,000

    • Land
    • 8,712 Sq Ft
    • $400,000 per Acre

    3604 Telegraph Trail, Canon City, CO 81212

    Nestled along the fairway of Four Mile golf course, this beautiful 0.2-acre parcel offers the perfect canvas for your dream home. Enjoy sweeping golf course and mountain views and a serene setting that blends open green space with everyday convenience. The lot is build-ready, giving you the freedom to design a custom home that takes full advantage of the scenery and peaceful surroundings. This

    Agent Photo

    DELLA RIEGER

    Real Broker, LLC

    3604 Telegraph Trail, Canon City, CO 81212
  • /14

    $179,900

    • Land
    • 40.02 Acres
    • $4,495 per Acre

    TBD Lot 1 County Road 132, Penrose, CO 81240

    Kettle Canyon – New 36+ Acre DevelopmentBe 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

    Agent Photo

    Linda Mattson

    Homesmart Preferred Realty

    TBD Lot 1 County Road 132, Penrose, CO 81240
  • /50

    $850,000

    • 4 Beds
    • 3 Baths
    • 3,250 Sq Ft

    570 Valley Dr, Penrose, CO 81240

    Experience the best of country living in Penrose, where breathtaking mountain views, exceptional amenities, & over 35 acres create an extraordinary place to call home. Nestled in the Beaver Creek area, this custom ranch-style home offers 3,400 square feet, featuring 4 bedrooms, 3 bathrooms, & a thoughtfully designed floor plan ideal for everyday living, entertaining, or multigenerational

    Agent Photo

    Kerri Kilgore

    Realty One Group Apex

    570 Valley Dr, Penrose, CO 81240
  • /2

    $50,000

    • Land
    • 3,920 Sq Ft
    • $555,556 per Acre

    000 Vietnam Veterans Memorial Hwy, Penrose, CO 81240

    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

    Agent Photo

    Tyson Cool

    Properties Of Colorado CC

    000 Vietnam Veterans Memorial Hwy, Penrose, CO 81240
  • /43

    $775,000

    • 2 Beds
    • 2 Baths
    • 1,264 Sq Ft

    8200 County Road 132, Penrose, CO 81240

    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

    Agent Photo

    Linda Mattson

    Homesmart Preferred Realty

    8200 County Road 132, Penrose, CO 81240
  • /12

    $400,000

    • Land
    • 83.54 Acres
    • $4,788 per Acre

    Lots 6.7 Iron Handle Rd, Penrose, CO 81240

    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.

    Agent Photo

    Linda Mattson

    Homesmart Preferred Realty

    Lots 6.7 Iron Handle Rd, Penrose, CO 81240
  • /50

    $554,900

    $15K PRICE DROP
    • 3 Beds
    • 2 Baths
    • 2,058 Sq Ft

    116 Top Notch Trail, Penrose, CO 81240

    Surrounded by mountain views and open skies, this well-maintained ranch-style home offers the convenience of true main-level living on a level, usable property designed for both comfort and flexibility. Daily living is effortless with the primary living areas, laundry, and mechanical systems all located on the main floor. The spacious living room features vaulted ceilings, a gas fireplace, and

    Agent Photo

    Scott Coddington

    Pulse Real Estate Group Llc

    116 Top Notch Trail, Penrose, CO 81240
  • /26

    $179,000

    • Land
    • 36.17 Acres
    • $4,949 per Acre

    TBD Lot 4 Iron Handle Rd, Penrose, CO 81240

    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

    Agent Photo

    Linda Mattson

    Homesmart Preferred Realty

    TBD Lot 4 Iron Handle Rd, Penrose, CO 81240
  • /4

    $107,000

    • Land
    • 3.19 Acres
    • $33,542 per Acre

    35 Top Rail Trail, Penrose, CO 81240

    Build-ready 3.19-acre parcel in Penrose, Colorado with expansive mountain views and unforgettable sunsets. The site is ready for construction and features protective covenants with no HOA, offering both flexibility and value protection. Water tap is paid, and electric is available at the property line, reducing upfront development costs. Plenty of room for horses, a custom home, shop, or

    Agent Photo

    Kerri Kilgore

    Realty One Group Apex

    35 Top Rail Trail, Penrose, CO 81240
  • /7

    $170,000

    • Land
    • 8.14 Acres
    • $20,885 per Acre

    15941 Highway 115, Penrose, CO 81240

    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,

    Agent Photo

    Chris Montoya

    Keller Williams Performance Realty

    15941 Highway 115, Penrose, CO 81240
  • /42

    $645,000

    • 4 Beds
    • 3.5 Baths
    • 3,445 Sq Ft

    1000 S St, Penrose, CO 81240

    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

    Agent Photo

    Kristi Meyer

    Real Broker, LLC DBA Real

    1000 S St, Penrose, CO 81240
  • /20

    $285,000

    • 2 Beds
    • 2 Baths
    • 1,520 Sq Ft

    73 8th Ave, Penrose, CO 81240

    Charming and well-maintained 2-bedroom, 2-bath manufactured home in Penrose, CO. This inviting home features rustic wood beams, warm wood paneling, and a cozy covered front porch perfect for relaxing. The property includes a detached 2-car garage and a storage shed, offering plenty of space for parking, hobbies, and storage. Enjoy the comfort, character, and peaceful Colorado lifestyle this

    Agent Photo

    Chris Montoya

    Keller Williams Performance Realty

    73 8th Ave, Penrose, CO 81240
  • /15

    $179,900

    • Land
    • 39.01 Acres
    • $4,612 per Acre

    TBD Lot 3 Iron Handle Rd, Penrose, CO 81240

    -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

    Agent Photo

    Linda Mattson

    Homesmart Preferred Realty

    TBD Lot 3 Iron Handle Rd, Penrose, CO 81240
  • /15

    $179,900

    • Land
    • 40.01 Acres
    • $4,496 per Acre

    TBD Lot 2 County Road 132, Penrose, CO 81240

    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

    Agent Photo

    Linda Mattson

    Homesmart Preferred Realty

    TBD Lot 2 County Road 132, Penrose, CO 81240
  • /11

    $260,000

    • Land
    • 80 Acres
    • $3,250 per Acre

    2055 County Road 67, Cañon City, CO 81212

    Discover your private mountain oasis perched high atop the hills, just 10 minutes from all Canon City amenities. This rare 80-acre parcel offers dual access from Dakota Hideout and County Road 67, with pre-cut roads leading to multiple prime home sites. Bordered by thousands of acres of BLM land for ultimate privacy and recreation, the property features a large excavated building pad on the

    Agent Photo

    Tyson Cool

    Properties of Colorado Real Estate Inc

    2055 County Road 67, Cañon City, CO 81212
  • /28

    $275,000

    • 3 Beds
    • 2 Baths
    • 1,280 Sq Ft

    561 County Road 132, Penrose, CO 81240

    Set on 5 open acres in Penrose, this 3-bedroom, 2-bathroom manufactured home offers a solid foundation for buyers ready to put in some work and make it their own. At 1,280 square feet, the 2002-built home gives you the bones and the breathing room — the rest is yours to shape. This is a one-level, split bedroom design with a large master bath with a soaking tub, stand-alone shower, dual vanity

    Dana Dahl-Breske Keller Williams Performance Realty

    561 County Road 132, Penrose, CO 81240
  • /50

    $489,900

    $10K PRICE DROP
    • 3 Beds
    • 2 Baths
    • 1,780 Sq Ft

    824 Pecos Point, Canon City, CO 81212

    Discover the perfect blend of luxury and tranquility in this gorgeous custom-built ranch home, boasting nearly 1,800 square feet of thoughtfully designed living space. Located on the serene backside of the 4th green at 4Mile Golf Course, this three-bedroom, two-bath residence is sure to impress. Set on an elevated and spacious lot with ample off-street parking and RV connections, this property

    Nick Sartori Real Broker, LLC

    824 Pecos Point, Canon City, CO 81212
  • /50

    $384,000

    $41K PRICE DROP
    • 3 Beds
    • 2 Baths
    • 2,356 Sq Ft

    1376 B St, Penrose, CO 81240

    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.

    Nick Sartori Real Broker, LLC

    1376 B St, Penrose, CO 81240
  • /38

    $269,900

    $5K PRICE DROP
    • 3 Beds
    • 2 Baths
    • 1,344 Sq Ft

    550 4th St, Penrose, CO 81240

    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

    Nick Sartori Real Broker, LLC

    550 4th St, Penrose, CO 81240
  • /48

    $435,000

    • 3 Beds
    • 2 Baths
    • 2,271 Sq Ft

    835 3rd St, Penrose, CO 81240

    This charming three-bedroom, two-bath home, sits proudly on 1.15 sprawling acres and retains its authentic character with original features like wood banisters, vintage wall tiles, and classic brick fire place that evoke a warm, nostalgic feel. Inside, the tri-level floor plan offers comfortable living spaces bathed in natural light, while outside, the expansive grounds provide ample room for

    JONI STEVENS EXIT Elevation Realty

    835 3rd St, Penrose, CO 81240
  • /61

    $475,000

    • 3 Beds
    • 2 Baths
    • 1,568 Sq Ft

    340 12th St, Penrose, CO 81240

    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

    GAYLORD KNEPP Sweet Homes Realty

    340 12th St, Penrose, CO 81240
  • /30

    $3,450,000

    • 1,518 Sq Ft

    1000 County Road 108, Florence, CO 81226

    Willow Spring Ranch is a diverse 1,872± acre agricultural and recreational property located just southeast of Florence, Colorado, offering a rare combination of productive farmland, water rights, horse facilities, livestock grazing, wildlife habitat, and development potential. Historically operated as an organic farm and horse operation for nearly 20 years, the ranch includes up to 200 acres of

    SCOT OLIVER Mason & Morse Ranch Co

    1000 County Road 108, Florence, CO 81226
  • /24

    $249,000

    $46K PRICE DROP
    • 3 Beds
    • 2 Baths
    • 1 Sq Ft

    33 7th Ave, Penrose, CO 81240

    Cozy 3BD/2BA home on 0.51 acres in Penrose! Features an oversized garage, two storage sheds (one with loft), fenced yard, and new furnace tune-up. Plenty of room for a garden and easy access to Brush Hollow Reservoir, Dakota Hot Springs, and local wineries. Close to Ft. Carson, Canon City, Pueblo & Colorado Springs-country comfort with town convenience! A Simple Life with Big Possibilitie Set

    Twila Geroux Hayden Outdoors Real Estate

    33 7th Ave, Penrose, CO 81240
  • /8

    $120,000

    • Land
    • 5 Acres
    • $24,000 per Acre

    0 J St, Penrose, CO 81240

    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

    Michael D Galpin Galpin Real Estate

    0 J St, Penrose, CO 81240
  • /43

    $535,000

    • 3 Beds
    • 2 Baths
    • 1,845 Sq Ft

    1335 Apple Ln, Penrose, CO 81240

    Enjoy the privacy and quiet on this beautiful property, and marvel at the stars at night! Inviting rancher on irrigated 5.13 acres with a detached 2-car garage, plus a carport, plus an insulated shed/shop w/ electricity, AND a huge RV garage complete w/ RV outlet. This property has everything you need! Enjoy low utility bills with paid off solar panels; utilize the 5 shares of Beaver Park Water

    Valerie Ochsendorf Valor Properties, LLC

    1335 Apple Ln, Penrose, CO 81240
  • /24

    $45,000

    • Land
    • 2.2 Acres
    • $20,455 per Acre

    TBD County Road 123, Penrose, CO 81240

    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

    Lance Tomar Frontier West Realty

    TBD County Road 123, Penrose, CO 81240
  • /24

    $160,000

    • 3 Beds
    • 2 Baths
    • 1,216 Sq Ft

    205 Illinois St, Penrose, CO 81240

    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

    Tina Smith TINA SMITH REAL ESTATE

    205 Illinois St, Penrose, CO 81240
  • /3

    $69,000

    • Land
    • 12,924 Sq Ft
    • $232,558 per Acre

    3562 Saddle Dr, Cañon City, CO 81212

    Great views from this Building Lot in the award winning Four Mile Ranch Golf Course Community. Great oversized building site and one of the only lots left for a walk out basement. Only blocks to the golf course and located on a quiet street.

    KAREN SWEENEY Four Mile Realty Llc

    3562 Saddle Dr, Cañon City, CO 81212
  • /28

    $415,000

    New Construction $10K PRICE DROP
    • 3 Beds
    • 2 Baths
    • 1,329 Sq Ft

    776 S Broadway, Penrose, CO 81240

    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,

    Suzi Adamson All Seasons LLC.

    776 S Broadway, Penrose, CO 81240
  • /45

    $900,000

    • 5 Beds
    • 4 Baths
    • 4,184 Sq Ft

    507 van Egmond Dr, Penrose, CO 81240

    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

    JP Speers Berkshire Hathaway HomeServices Rocky M

    507 van Egmond Dr, Penrose, CO 81240
  • /50

    $1,095,000

    • 3 Beds
    • 3 Baths
    • 2,218 Sq Ft

    1115 M St, Penrose, CO 81240

    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

    Tim Ritter RE/MAX ROYAL GORGE

    1115 M St, Penrose, CO 81240

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