27

Penrose, CO Homes for Sale under $300,000

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  • /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
  • /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
  • /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
  • /12

    $179,000

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

    4 Lot 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

    4 Lot Iron Handle Rd, Penrose, CO 81240
  • /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
  • /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
  • /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
  • /38

    $259,900

    $15K 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
  • /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
  • /44

    $269,900

    • 3 Beds
    • 2 Baths
    • 1,512 Sq Ft

    685 7th St, Penrose, CO 81240

    Endless Possibilities on 9 Acres in Penrose! Discover the perfect blend of country living and future opportunity at 685 7th Street, Penrose, Colorado. Situated on approximately 9 acres, this property offers abundant space for horses, hobby farming, recreation, or simply enjoying the peaceful Colorado lifestyle with panoramic mountain and rural views. Beyond its existing residential appeal, this

    Tony Casados Real Broker, Llc

    685 7th St, 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
  • /15

    $175,000

    • Land
    • 40 Acres
    • $4,375 per Acre

    0 Unknown Unit 3237167, Penrose, CO 81240

    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

    Travis Fraker Redfin Corporation

    0 Unknown Unit 3237167, Penrose, CO 81240
  • /15

    $199,000

    $26K PRICE DROP
    • 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
  • /5

    $55,500

    $3K PRICE DROP
    • Land
    • 10 Acres
    • $5,550 per Acre

    1374 C St, Penrose, CO 81240

    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

    Jenny Panici HomeSmart Preferred Realty

    1374 C St, Penrose, CO 81240
  • /21

    $275,000

    $10K PRICE DROP
    • 3 Beds
    • 1.5 Baths
    • 1,092 Sq Ft

    474 Grant St, Penrose, CO 81240

    Charming 3-bedroom, 1.5-bath home in a desirable central Penrose location. Conveniently situated within walking distance of the park, this property features new flooring and fresh interior paint, offering a move-in-ready opportunity. The spacious, fenced backyard offers ample room for outdoor enjoyment and showcases beautiful views. An excellent value with great potential for homeowners and

    Sam Banning Homesmart Preferred Realty

    474 Grant St, Penrose, CO 81240
  • /27

    $279,000

    $31K PRICE DROP
    • 4 Beds
    • 2 Baths
    • 1,440 Sq Ft

    1780 14th St, Penrose, CO 81240

    Peaceful Colorado Retreat with Mountain Views w/2026 February appraisal for $310,500.00.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

    Blake Wertz Your Castle Realty LLC

    1780 14th St, Penrose, CO 81240
  • /39

    $225,000

    $10K PRICE DROP
    • 2 Beds
    • 1 Bath
    • 1,116 Sq Ft

    1574 4th St, Penrose, CO 81240

    Tucked back and perched atop, your new home awaits you. This 2 bedroom 1 bath 1116 square foot off grid home sits on 10 acres. The home has had many recent updates such as solid oak flooring through the main portion of the home, all new kitchen cabinets, quartz counters, newer appliances, new solar batteries, mini splits, and water filtration system. There is also a backup generator for that

    Stephanie Scalfri Homesmart Preferred Realty

    1574 4th St, Penrose, CO 81240
  • /15

    $175,000

    • Land
    • 40 Acres
    • $4,375 per Acre

    0 Unknown Unit 5317429, Penrose, CO 81240

    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

    Travis Fraker Redfin Corporation

    0 Unknown Unit 5317429, Penrose, CO 81240
  • /3

    $50,000

    • Land
    • 3,750 Sq Ft
    • $580,720 per Acre

    000 Vietnam Veterans Memorial Hwy, Penrose, CO 81240

    SMALL LOT BUT VERY VISIBLE

    Stephen Cool Properties Of Colorado Inc

    000 Vietnam Veterans Memorial Hwy, Penrose, CO 81240
  • /25

    $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
  • /3

    $54,500

    $3K PRICE DROP
    • Land
    • 10 Acres
    • $5,450 per Acre

    380 13th St, Penrose, CO 81240

    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

    Jenny Panici HomeSmart Preferred Realty

    380 13th St, Penrose, CO 81240
  • /43

    $110,000

    $70K PRICE DROP
    • Land
    • 35 Acres
    • $3,143 per Acre

    TBD County Road 67, Penrose, CO 81240

    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

    Michael Butts Frontier West Realty

    TBD County Road 67, Penrose, CO 81240

Home Price Trends

Median Sale Price
$415,000
Median Single Family Sale Price
$465,000
Median 2 Bedroom Sale Price
$275,000
Median 1 Bedroom Sale Price
$448,500
Average Price Per Sq Ft
$255
Number of Homes for Sale
25
Last 12 months Home Sales
99
Months of Supply
3.00
Median List Price
$438,000
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
5%
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