29

Penrose, CO Homes for Sale under $300,000

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  • /27

    $290,000

    • 3 Beds
    • 2 Baths
    • 1,760 Sq Ft

    4200 County Road 123, Penrose, CO 81240

    Enjoy peaceful country living in this spacious 3-bedroom, 2-bath modular home perfectly situated on 5 beautiful acres. The home features brand-new flooring throughout and has been freshly cleaned and move-in ready—perfect for those seeking comfort and space. The open floor plan offers a welcoming living area, bright kitchen with plenty of cabinet space, and a roomy dining area for family

    Agent Photo

    Chris Montoya

    Keller Williams Performance Realty

    4200 County Road 123, 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

    $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
  • /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
  • /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
  • /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

    $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
  • /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
  • /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
  • /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
  • /2

    $250,000

    $50K PRICE DROP
    • 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
  • /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
  • /20

    $75,000

    • Land
    • 5 Acres
    • $15,000 per Acre

    TBD Colorado 67, Penrose, CO 81240

    PICK YOUR LOT!! Sixteen 5.01 acre to 5.06 acre lots individually priced at $75,000 each. Located 10 minutes from Canon City offering quiet rural living with 360 degree views of the surrounding Colorado mountains. Exceptional sunrises and sunsets await! Great place for new home or shop location. No HOA or covenants to allow more uses of the land. Electricity is being installed within 330 feet of

    Lance Tomar Frontier West Realty

    TBD Colorado 67, 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
  • /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 Gatzke HomeSmart Preferred Realty

    1374 C St, Penrose, CO 81240
  • /20

    $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

    $288,000

    $22K 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 your

    Blake Wertz Your Castle Realty LLC

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

    $235,000

    • 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
  • /2

    $225,000

    $75K PRICE DROP
    • 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
  • /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 Gatzke 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
  • /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

Home Price Trends

Median Sale Price
$398,500
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
$260
Number of Homes for Sale
30
Last 12 months Home Sales
100
Months of Supply
3.60
Median List Price
$425,000
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
2%
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