20

Penrose, CO Homes for Sale under $500,000

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  • /45

    $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
  • /39

    $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

    $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
  • /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
  • /47

    $470,000

    $7K PRICE DROP
    • 3 Beds
    • 2 Baths
    • 1,800 Sq Ft

    2050 15th St, Penrose, CO 81240

    Welcome to spacious Colorado living in desirable Top Rail Ranch Estates in the town of Penrose! Situated on 2.79 acres, this well-appointed ranch-style home offers comfortable one-level living with 3 bedrooms, 2 bathrooms, an attached 2-car garage, and plenty of room to enjoy the outdoors. Built in 2007, the home features a thoughtfully designed split-bedroom floor plan, with the private primary

    Allison Fuhrman Homesmart Preferred Realty

    2050 15th St, Penrose, CO 81240
  • /28

    $275,000

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

    561 County Road 132, Penrose, CO 81240

    Five acres of wide open Colorado ground with no HOA and no restrictions gives you the kind of freedom that's getting harder to find. The land is partially fenced and ready for animals, a garden, or simply the quiet of open space. A dedicated RV pad with hookup means your rig has a proper home. And Colorado mountain views come standard — the kind that remind you every morning why you made the

    Dana Dahl-Breske Keller Williams Performance Realty

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

    $465,000

    $85K PRICE DROP
    • 3 Beds
    • 2 Baths
    • 1,845 Sq Ft

    1335 Apple Ln, Penrose, CO 81240

    Fantastic, irrigated property that is also zoned for horses would be perfect for a hobby farm or to just enjoy the privacy and quiet on this beautiful property. This acreage home has irrigated 5.13 acres with a large RV garage (complete w/ RV outlet), a detached 2-car garage plus a carport, an insulated shed/shop with electricity, and Solar Panels (paid off). This property has everything you

    Valerie Ochsendorf Valor Properties, LLC

    1335 Apple Ln, Penrose, CO 81240
  • /40

    $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. 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 property presents

    Roselle Campbell Fathom Realty Colorado LLC

    685 7th 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

    $325,000

    $25K PRICE DROP
    • 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
  • /43

    $490,000

    $10K PRICE DROP
    • 3 Beds
    • 2 Baths
    • 1,524 Sq Ft

    575 11th St, Penrose, CO 81240

    Horse property with nearly four acres, mountain views, and room for RVs, animals, and hobbies—this Penrose property offers the space and freedom many buyers are searching for. Located just 35 minutes from Colorado Springs and about 25 minutes to Pueblo or Cañon City, you can enjoy peaceful rural living while staying close to city conveniences.The attractive stucco home welcomes you with a

    Andrew James Weber Home at 6035 LLC

    575 11th St, Penrose, CO 81240
  • /47

    $485,000

    $15K PRICE DROP
    • 3 Beds
    • 2 Baths
    • 1,786 Sq Ft

    1407 Top Notch Trail, Penrose, CO 81240

    What a great custom built home! Nice open floor plan with beautiful Eucalyptus wood floors, solid 6-panel doors throughout, and cathedral ceilings for that big feeling. Large living room with planter ledges opening up into the separate dining room. Really big kitchen with lots of rustic hickory cabinets, a pantry and granite counter tops. Spacious master suite with walk-in closet and large

    Kurt Zerby Kurt Zerby Real Estate Group

    1407 Top Notch Trail, Penrose, CO 81240
  • /34

    $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
  • /21

    $275,000

    • 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
  • /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
  • /35

    $400,000

    $25K 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
  • /41

    $357,000

    $2K PRICE DROP
    • 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
  • /13

    $304,900

    $25K PRICE DROP
    • 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
  • /60

    $325,000

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

    325 5th St, Penrose, CO 81240

    Nearly 5 acres, mountain views, owned solar and a home packed with custom touches! Welcome to 325 5th Street in Penrose, a 3-bedroom, 2-bath home situated on 4.88 acres with room for your RV, toys, animals, hobbies and more. Inside, extensive custom beetle-kill pine woodwork gives the home a warm Colorado character you won't find in a cookie-cutter property. The spacious kitchen features abundant

    Chris Pasternak Pasternak Properties

    325 5th St, Penrose, CO 81240

Home Price Trends

Median Sale Price
$425,000
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
$251
Number of Homes for Sale
20
Last 12 months Home Sales
90
Months of Supply
3.30
Median List Price
$427,250
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
9%
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