14

Penrose, CO Homes for Sale under $200,000

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  • /10

    $168,000

    • Land
    • 40.27 Acres
    • $4,172 per Acre

    475 P St, Penrose, CO 81240

    Scenic Land with Solar Power, Outbuildings & Valley!This 40 acre AG Forest-zoned property offers a rare combination of space, privacy, and potential. Approximately 7 flat acres sit atop a bluff, featuring a 12x65 mobile home shell—a structure ready for renovation or replacement to suit your needs.The property is equipped with solar power, housed in one of two storage outbuildings, along

    Agent Photo

    Paul Temaat

    Paul Temaat

    (719) 674-0232

    475 P St, Penrose, CO 81240
  • /22

    $199,000

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

    205 Illinois St, Penrose, CO 81240

    Discover this beautifully renovated home in the heart of Penrose, perfect for first-time homeowners or savvy investors. The property features a 6-foot privacy-fenced yard with alley access and a spacious deck ideal for relaxation and entertaining. Inside, you'll find fresh vinyl plank flooring and new paint throughout. The expansive kitchen, complete with a breakfast bar and ample space for a

    Agent Photo

    Tyson Cool

    (719) 689-8780

    205 Illinois 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
  • /45

    $149,999

    • Land
    • 40 Acres
    • $3,750 per Acre

    725 van Egmond Dr, Penrose, CO 81240

    This 40-acre property in Fremont County offers a private setting with diverse terrain, open views, and year-round access. Located about 12 minutes from Cañon City, it provides a balance of seclusion and proximity to town services. The land features rolling hills, natural cover, and clear vantage points across the surrounding mountain ranges. As a true end-of-the-road opportunity, the private

    Rob Herrmann Whitetail Properties Real Estate Llc

    725 van Egmond Dr, Penrose, CO 81240
  • /3

    $120,000

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

    0 J St, Penrose, CO 81240

    Discover the perfect opportunity to own prime farm land! This 5 acre parcel is conveniently located in the heart of Penrose, comes with 5 shares of Beaver Park irrigation and would be a great lot for a new build!! This land offers great mountain views and the space and potential to make your farming vision come true! Check it out today!

    Suzi Adamson All Seasons LLC

    0 J 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
  • /2

    $100,000

    • Land
    • 1.48 Acres
    • $67,568 per Acre

    15900 Vietnam Veterans Memorial Hwy, Penrose, CO 81240

    Vacant land located just a few feet off of State Highway 115. Water tap is present according to Penrose Water District. Colorado Division of water does not show a well permit number. A 1970 built mobile home & shed are on the property and both in poor condition. No value to mobile home or shed is being given, value is for the vacant land, water tap, water share only. However, one would assume

    John Grove RE/MAX Of Pueblo Inc

    15900 Vietnam Veterans Memorial Hwy, Penrose, CO 81240
  • /23

    $200,000

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

    0 Unknown Unit 3456588, Penrose, CO 81240

    Step into history with this remarkable land parcel in the historic town of Wilbur. This north parcel offers a stunning mix of forest, ridgeline rock features, and usable open land, including a prime building pad with an RV site and sweeping Sangre de Cristo and Lake Pueblo views. BLM-built stock ponds with a galley well system enhance the property’s utility and charm. Experience the pioneer

    Travis Fraker Redfin Corporation

    0 Unknown Unit 3456588, Penrose, CO 81240
  • /2

    $200,000

    • Land
    • 19.43 Acres
    • $10,293 per Acre

    TBD Colorado 67, Penrose, CO 81240

    Prime Industrial Land Opportunity 19.43 Acres Total Utilities at Lot Line Unlock the potential of this rare industrial land offering in Fremont County. Comprising three individual parcels totaling 19.43 acres, this property is ideally located just off U.S. Highway 50, adjacent to the U.S. ICE field office and in close proximity to the Fremont County Airport. Zoned industrial, it offers flexible

    Tony Greer Keller Williams Performance Realty

    TBD Colorado 67, Penrose, CO 81240
  • /30

    $177,900

    • Land
    • 35 Acres
    • $5,083 per Acre

    TBD County Road 67, Penrose, CO 81240

    eFind 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

    Michael Butts Frontier West Realty

    TBD County Road 67, Penrose, CO 81240
  • /5

    $199,999

    • Land
    • 4.5 Acres
    • $44,444 per Acre

    730 6th St, Penrose, CO 81240

    Level lot in Penrose with beautiful mountain views! Perfect for building your dream home! Lot located on a corner lot off of paved roads. Within walking distance of the post office, Coyote's Den Cafe, Gooseberry Patch restaurant, and all that downtown Penrose has to offer. Short commute to Canon City, Colorado Springs, Ft. Carson and Pueblo. Land includes a paid in full water contract. Water

    Nicole Lawson Exp Realty LLC

    730 6th St, Penrose, CO 81240
  • /21

    $200,000

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

    0 Unknown Unit 7769860, Penrose, CO 81240

    Step into history with this remarkable land parcel in the historic town of Wilbur. BLM berm built stock pond enhance the properties versatility. This south parcel showcases the remnants of an old homestead, including the main house, an original barn, a food storage building, and Wilbur’s original post office. The land is largely usable with a balanced mix of trees and pasture—perfect for off-grid

    Travis Fraker Redfin Corporation

    0 Unknown Unit 7769860, 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
  • /3

    $120,000

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

    TBD J St, Penrose, CO 81240

    Discover the perfect opportunity to own prime farm land! This 5 acre parcel is conveniently located in the heart of Penrose and comes with 5 shares of Beaver Park irrigation! This land offers great mountain views and the space and potential to make your farming vision come true! Check it out today!

    Suzi Adamson All Seasons Llc

    TBD J St, Penrose, CO 81240

Home Trends in Penrose, CO

Housing Trends

Median Sale Price
$398,500
Median Single Family Sale Price
$398,500
Average Price Per Sq Ft
$266
Number of Homes for Sale
18
Last 12 months Home Sales
70
Months of Supply
3.10
Median List Price
$415,000
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
13%
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