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Penrose Homes for Sale

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  • /50

    $424,900

    • 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

    (719) 427-4526

    1144 4th St, Penrose, CO 81240
  • /2

    $50,000

    • Land
    • 0.09 Acre
    • $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

    (719) 417-9057

    000 Vietnam Veterans Memorial Hwy, Penrose, CO 81240
  • /48

    $700,000

    • 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

    (719) 568-9053

    611 Q St, Penrose, CO 81240
  • /7

    $170,000

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

    15941 Vietnam Veterans Memorial Hwy, 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

    (719) 826-6823

    15941 Vietnam Veterans Memorial Hwy, Penrose, CO 81240
  • /24

    $295,000

    • 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
  • /47

    $770,000

    • 4 Beds
    • 3 Baths
    • 3,527 Sq Ft

    988 P St, Penrose, CO 81240

    Welcome home to your custom built ICF adobe style home sitting on 10 acres. Whether you're looking for room to spread out or a multigenerational setup this home is for you and it was built with everything in mind. In floor heat throughout with option of indoor or outdoor boiler. The ceilings in the main home are cladded in aspen wood and the trim and doors are knotty alder pine. The rest of the

    Stephanie Mirowski HomeSmart Preferred Realty

    988 P St, Penrose, CO 81240
  • /39

    $630,000

    • 4 Beds
    • 2 Baths
    • 1,953 Sq Ft

    875 7th St, Penrose, CO 81240

    Quality custom home on over 4.4 acres offering peaceful rural living and exceptional privacy, perfectly positioned back from the road. This inviting 4-bedroom, 2-bath home features over 1,950 square feet of thoughtfully designed living space with quality upgrades throughout. A bright, formal entry welcomes you into the expanded living room, highlighted by a beautiful gas-log fireplace, vaulted

    Lance Tomar Frontier West Realty

    875 7th St, Penrose, CO 81240
  • /50

    $619,900

    • 3 Beds
    • 2.5 Baths
    • 2,356 Sq Ft

    909 K St, Penrose, CO 81240

    Irrigated Horse Property with Lester Barn, Producing Hay Field, Paid-Off Solar & Private 1-Bedroom ADU Exceptional opportunity to own a truly functional 5-acre ranchette in Penrose. This well-maintained property includes water shares, fenced irrigated pasture, and a producing hay field — ideal for horse owners or small-scale agricultural use. The impressive 4+ stall Lester barn is equipped with

    Peggy Ritter RE/MAX ROYAL GORGE

    909 K St, Penrose, CO 81240
  • /33

    $719,000

    • 3 Beds
    • 3 Baths
    • 2,175 Sq Ft

    445 G St, Penrose, CO 81240

    Welcome to one of the best-designed five-acre horse properties in Penrose! Pull in through the remote-controlled gate and drive slowly to take it all in! Nestled attractively on the east end of the property is this charming rancher, detached 38x17 garage, 60x40 heated shop with built-in air compressor, 220 electric, (2) 20 x 60 storage on each side of the shop with loft, (2) 12 x12 horse stalls

    Kimberly Powers Summit & Main Realty Group

    445 G St, Penrose, CO 81240
  • /50

    $540,000

    • 4 Beds
    • 3 Baths
    • 2,952 Sq Ft

    855 Marilyn Dr, Penrose, CO 81240

    If you’re searching for horse property in Penrose, Colorado with acreage, barn, and usable land, this property at 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

    John Liese Pikes Peak Dream Homes Realty

    855 Marilyn Dr, Penrose, CO 81240
  • /49

    $649,000

    • 4 Beds
    • 3.5 Baths
    • 3,820 Sq Ft

    193 Top Notch Trail, Penrose, CO 81240

    Package Deal – Lots 6 & 8 | 6.21 Acres | Top Rail Ranch An exceptional opportunity to own a truly custom-built home offered as a package with both Lots 6 & 8, totaling 6.21 acres in the desirable Top Rail Ranch. Designed for comfort, functionality, and wide-open living, this impressive property blends luxury finishes with space for horses, hobbies, and breathtaking Colorado views. The expansive

    Jennifer Vernetti EXIT Elevation Realty

    193 Top Notch Trail, Penrose, CO 81240
  • /3

    $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. Electricity is being install within 330 feet of all lots (some closer).

    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
  • /2

    $250,000

    • Land
    • 20 Acres
    • $12,500 per Acre

    000 11th St, Penrose, CO 81240

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

    Sam Banning HomeSmart Preferred Realty

    000 11th St, Penrose, CO 81240
  • /48

    $424,900

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

    1044 P St, Penrose, CO 81240

    Nice Horse property set up with stalls , steel pipe arena , frost free water faucets and gates at both ends . Very roomy 3 bedroom 2 bathroom home with cathedral ceilings and Luxury Plank flooring, and new appliances in 2020. Central Air installed in 2023. Nice master suite with full bathroom, spacious living room, and nice kitchen with granite counters and lots of cabinets. Large fenced in dog

    Kurt Zerby Kurt Zerby Real Estate Group

    1044 P St, Penrose, CO 81240
  • /47

    $1,250,000

    • 8,660 Sq Ft

    708 Fremont St, Penrose, CO 81240

    Rare opportunity to own a historic South Colorado building with a lot of history. It has become a landmark with the Billboard and one of the World's largest Rocking Chairs. One of a kind building with high ceilings, wood beams, and brick. Muriel's inside and out. Many upgrades, including electric, plumbing and roof. It would be a great event center or restaurant with opportunities to make it your

    Sam Banning Homesmart Preferred Realty

    708 Fremont St, Penrose, CO 81240
  • /15

    $199,000

    • Land
    • 2.72 Acres
    • $73,162 per Acre

    1390 K St, Penrose, CO 81240

    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

    Sandy Smith Properties Of Colorado Inc

    1390 K St, Penrose, CO 81240
  • /5

    $245,000

    • Land
    • 27.93 Acres
    • $8,772 per Acre

    2 8th St, Penrose, CO 81240

    Welcome to LightSpring Property with 28 acres of fenced land. Features a non-sulfur 92 degree Hot Mineral Artesian Well flowing continuously from 980 feet below. The well boasts 75 gallons per minute adjudicated water right that is purposed for medicinal and irrigation. An annual 121 AF per year! Multiple possibilities including an excellent location for Solar and Wind farm/agrivoltiac/indoor

    Randy Brady BRADY REALTY

    2 8th St, Penrose, CO 81240
  • /46

    $350,000

    • 3 Beds
    • 1 Bath
    • 960 Sq Ft

    490 A St, Penrose, CO 81240

    LOTS OF SPACE SITTING ON 10 ACRES. A LARGE SHOP AND OUTBUILDINGS PERFECT FOR ALL YOUR HOBBIES.

    Jeff Divelbiss RE/MAX Of Pueblo Inc

    490 A St, Penrose, CO 81240
  • /11

    $205,000

    • Land
    • 5 Acres
    • $41,000 per Acre

    958 L St, Penrose, CO 81240

    Fully fenced for any livestock 5 acres with 5 shares of beaver park water irrigation. Located in quiet well established Penrose neighborhood all nice houses. Water tap included and 3 hydrants on property already. Welded pipe roping arena at the back of the property with horse paddocks and small storage shed. Would make a great lot for a new home. Large trees surround the property, and all

    Brandon Angel Keller Williams Performance Realty

    958 L St, Penrose, CO 81240
  • /13

    $100,000

    • Land
    • 2.78 Acres
    • $35,971 per Acre

    83 Top Rail Trail, Penrose, CO 81240

    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!!

    Suzi Adamson All Seasons LLC.

    83 Top Rail Trail, Penrose, CO 81240
  • /49

    $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
  • /30

    $350,000

    • 3 Beds
    • 2 Baths
    • 1,740 Sq Ft

    106 Grant St, Penrose, CO 81240

    If you've been searching for a home that feels welcoming the moment you walk in, this beautifully updated corner lot property is one you'll want to see. With a bright and open layout, the home offers comfortable living spaces designed for both everyday life and entertaining. The main living area is filled with natural light and features a wood burning fireplace that creates a warm and inviting

    The Blickenstaff Group Keller Williams Performance Realty

    106 Grant St, Penrose, CO 81240
  • /19

    $635,000

    • 3 Beds
    • 2 Baths
    • 2,950 Sq Ft

    1400 K St, Penrose, CO 81240

    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

    Tony Greer Keller Williams Performance Realty

    1400 K St, Penrose, CO 81240
  • /2

    $100,000

    • Land
    • 1.37 Acres
    • $72,993 per Acre

    100 Broadway, Penrose, CO 81240

    Prime Highway 115 frontage in the growing community of Penrose presents a rare opportunity to secure a highly visible commercial site with exceptional accessibility and long-term upside. This approximately 1.5-acre parcel is zoned Business and offers egress from at least two sides, making it ideal for a wide range of commercial uses that benefit from strong traffic flow and easy customer access.

    Tony Greer Keller Williams Performance Realty

    100 Broadway, Penrose, CO 81240
  • /27

    $353,000

    • 3 Beds
    • 2 Baths
    • 1,350 Sq Ft

    103 Illinois St, Penrose, CO 81240

    Welcome home to this brand new charming 3 bedroom 2 bath home located in the peaceful community of Penrose. This inviting property offers comfortable living with a spacious layout designed for both relaxation and entertainment. The living areas offer warm and welcoming atmosphere, while the functional floor plan makes everyday living easy and convenient. There is Luxury vinyl through out with

    Sandy Smith Properties Of Colorado Inc

    103 Illinois St, Penrose, CO 81240
  • /27

    $310,000

    • 4 Beds
    • 2 Baths
    • 1,440 Sq Ft

    1780 14th St, Penrose, CO 81240

    Peaceful Colorado Retreat with Mountain Views Escape the noise and enjoy small-town living in this well-maintained 4-bedroom, 2-bath single-story home in Penrose. Set on a spacious lot with open mountain views, this property offers privacy, functionality, and room to breathe. Nearly 4 acres and detached garage and flex-use carports, you can expand your hobbies as you wish. The home features a

    Blake Wertz Your Castle Realty LLC

    1780 14th St, Penrose, CO 81240
  • /2

    $225,000

    • Land
    • 20 Acres
    • $11,250 per Acre

    TBD 11th St, Penrose, CO 81240

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

    Sam Banning Homesmart Preferred Realty

    TBD 11th St, Penrose, CO 81240
  • /25

    $595,000

    • 3 Beds
    • 2 Baths
    • 1,440 Sq Ft

    895 B St, Penrose, CO 81240

    Wonderful 10 acre horse facility for sale in Penrose C0. Great location 30 minutes to both Colo Springs and Pueblo. This property has gorgeous mountain views a mild climate, and is close to many riding trails including Brush Hollow Reservoir. The 36 x 84 barn is a one of a kind structure custom built by the previous owner. Inside there are 5 stalls with attached runs, wash bay, heated tack room,

    Camilo Perez Home Sold Realty, LLC

    895 B St, Penrose, CO 81240
  • /38

    $395,000

    • 4 Beds
    • 3 Baths
    • 2,383 Sq Ft

    207 Fremont St, Penrose, CO 81240

    Fully Renovated Home with an Efficiency Apartment & Exceptional Features – Prime Central Location! Welcome to this beautifully renovated 4-bedroom, 3-bathroom home, thoughtfully designed for comfort, functionality, and flexibility. Ideally situated in a central location just minutes from HWY 115 and HWY 50, this property provides convenient access to Colorado Springs, Florence, Cañon City, and

    Sam Banning HomeSmart Preferred Realty

    207 Fremont St, Penrose, CO 81240
  • /41

    $359,000

    • 3 Beds
    • 2 Baths
    • 1,504 Sq Ft

    117 Hawkins St, Penrose, CO 81240

    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

    Katharine Wiltfong Reeves Real Estate Llc

    117 Hawkins St, Penrose, CO 81240
  • /34

    $434,900

    • 3 Beds
    • 2 Baths
    • 1,600 Sq Ft

    215 Sherrill Dr, Penrose, CO 81240

    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,

    Ryan Hand Homesmart Preferred Realty

    215 Sherrill Dr, Penrose, CO 81240
  • /11

    $50,000

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

    0 14th St, Penrose, CO 81240

    Fabulous 10-acre property !! Remote parcel yet minutes from the highway! Would be decent travel times to the Colorado Springs, Pueblo and Canon. Creek access and lots of trees and vegetation toward the East side. Great Mountain views!

    Suzi Adamson All Seasons LLC

    0 14th St, Penrose, CO 81240
  • /12

    $324,900

    • 3 Beds
    • 2 Baths
    • 1,086 Sq Ft

    358 Illinois St, Penrose, CO 81240

    newly updated one level living with paid off solar...A MUST SEE TO APPRECIATE...large primary bedroom with separate adjoining bath nicely updated...luxury vinyl throughout...easy access to large fenced in back yard via separate laundry room door...

    Claudia Banza Homes of Colorado, LLC

    358 Illinois St, Penrose, CO 81240
  • /11

    $50,000

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

    TBD 14th St, Penrose, CO 81240

    Fabulous 10-acre property priced to sell!! Remote parcel yet minutes from the highway! Would be decent travel times to the Colorado Springs, Pueblo and Canon. Creek access and lots of trees and vegetation toward the East side. Great Mountain views!

    Suzi Adamson All Seasons Llc

    TBD 14th St, 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

    Kerri Kilgore Realty One Group Apex

    35 Top Rail Trail, Penrose, CO 81240
  • /11

    $125,000

    • Land
    • 4.7 Acres
    • $26,596 per Acre

    1442 K St, Penrose, CO 81240

    This parcel is offered exclusively as a package with the adjacent 4.7-acre residential property MLS#4720347 , creating a rare opportunity to own a total of 9.4 irrigated acres in Fremont County. Discover the perfect opportunity to expand your rural lifestyle with this 4.7-acre irrigated parcel just outside Penrose, Colorado. Whether you're seeking more space for livestock, a productive hay field,

    Tony Greer Keller Williams Performance Realty

    1442 K St, Penrose, CO 81240
  • /54

    $990,000

    • 5 Beds
    • 3 Baths
    • 3,870 Sq Ft

    1675 M St, Penrose, CO 81240

    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

    Brice Ingo RE/MAX Associates

    1675 M St, Penrose, CO 81240

Frequently Asked Questions Why Live in Penrose

Is Penrose a good place to live?
Penrose is a good place to live. Penrose is considered very car-dependent and somewhat bikeable. Penrose is a neighborhood with a crime score of 2, making it safer than the average neighborhood in the U.S. Penrose has 1 park for recreational activities. It has a median age of 50. The average household income is $94,061 which is below the national average. College graduates make up 30.8% of residents. A majority of residents in Penrose are home owners, with 16.6% of residents renting and 83.4% of residents owning their home. A local real estate agent serving Penrose can help you decide if this neighborhood is the right one for you. Learn more on our Penrose neighborhood guide.
Is Penrose, CO a safe neighborhood?
Penrose, CO is safer than the average neighborhood in the United States. It received a crime score of 2 out of 10.
How much do you need to make to afford a house in Penrose?
The median home price in Penrose is $438,000. If you put a 20% down payment of $87,600 and had a 30-year fixed mortgage with an interest rate of 6.46%, your estimated principal and interest payment would be $2,210 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $95K a year to afford the median home price in Penrose. Learn how much home you can afford with our Home Affordability Calculator. The average household income in Penrose is $94K.
What are the best public schools in Penrose?
The best public schools that serve Penrose are:
  • Penrose Elementary School has a C+ Niche grade, a student teacher ratio of 16:1 and an average review score of 3.3.
  • Florence High School has a C+ Niche grade, a student teacher ratio of 17:1 and an average review score of 3.1.
What are the most popular zip codes in Penrose, Penrose, CO?
The most popular zip codes in Penrose, Penrose, CO include 81240, 81226, 81212, 81253 and 81007.
What are the most popular neighborhoods near Penrose, Penrose, CO?
The most popular neighborhoods near Penrose, Penrose, CO are Park West, Ridge, Hyde Park, Sunny Heights and Skyview.

Home Trends in Penrose, CO

Housing Trends

Median Sale Price
$398,500
Median Single Family Sale Price
$419,950
Average Price Per Sq Ft
$261
Number of Homes for Sale
23
Last 12 months Home Sales
83
Months of Supply
3.30
Median List Price
$438,000
Median Change From 1st List Price
5%
Median Home Sale Price YoY Change
4%
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