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Penrose, CO Houses for Sale

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  • /48

    $1,300,000

    • 3 Beds
    • 3 Baths
    • 2,915 Sq Ft

    18530 Colorado 115, Penrose, CO 81240

    Beaver Creek Ranch is a stunning 108-Acres with an Adobe-Style Home, Arena, Barn & More! Tucked away off of Highway 115, down a private driveway, this 2,915 sf adobe-style home sits on 108 acres of ranch land, perfectly equipped for both equestrian and agricultural pursuits. This property offers endless opportunities—whether you're looking for a working ranch, private retreat, or multi-use

    Agent Photo

    Linda Leslie

    HomeSmart

    (719) 417-7059

    18530 Colorado 115, Penrose, CO 81240
  • /48

    $685,000

    Open Sat 11AM - 2PM $15K PRICE DROP
    • 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
  • /49

    $645,000

    • 4 Beds
    • 3.5 Baths
    • 3,455 Sq Ft

    1000 S St, Penrose, CO 81240

    Set on 9 acres in Penrose, this spacious 2-story home offers a rare blend of square footage, usable land, and flexibility for a variety of lifestyles.Featuring 4 bedrooms and 4 bathrooms across 3,455 finished square feet, the layout provides separation and functionality with multiple living spaces. The upper-level primary suite is generously sized and includes an adjoining bath, walk-in

    Agent Photo

    Kristi Meyer

    Real Broker, LLC

    (719) 745-4416

    1000 S St, Penrose, CO 81240
  • /50

    $409,000

    $16K PRICE DROP
    • 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
  • /50

    $569,900

    Open Sat 11AM - 2PM
    • 3 Beds
    • 2 Baths
    • 2,058 Sq Ft

    116 Top Notch Trail, Penrose, CO 81240

    Surrounded by mountain views and open skies, this well-maintained ranch-style home offers the convenience of true main-level living on a level, usable property designed for both comfort and flexibility. Daily living is effortless with the primary living areas, laundry, and mechanical systems all located on the main floor. The spacious living room features vaulted ceilings, a gas fireplace, and

    Agent Photo

    Scott Coddington

    Pulse Real Estate Group Llc

    (719) 881-8610

    116 Top Notch Trail, Penrose, CO 81240
  • /50

    $725,000

    • 4 Beds
    • 4 Baths
    • 4,697 Sq Ft

    310 L St, Penrose, CO 81240

    Located in prestigious Apple Valley Estates, the top subdivision in Penrose, this beautiful custom home is one of a kind. Originally built as a private resting place for the owner's clients, it sits on a meticulously manicured, corner rectangular lot featuring a productive apple orchard and irrigated grass hay fields, perfect for the hobby farmer. The grounds showcase mature fruit trees, tall

    Agent Photo

    Tyson Cool

    Properties Of Colorado CC

    (719) 497-2802

    310 L St, Penrose, CO 81240
  • /46

    $349,900

    $10K PRICE DROP
    • 3 Beds
    • 2 Baths
    • 1,216 Sq Ft

    325 5th St, Penrose, CO 81240

    Wonderful 3 Bedroom, 2 Bath Manufactured Home on 4.88 Acres — Custom Woodwork, Solar, and More Discover comfort, character, and wide-open space with this beautifully maintained 3-bedroom, 2 bath manufactured home set on 4.88 private acres. From the moment you step onto the large, covered porch, you’ll feel the warmth and craftsmanship that make this property truly stand out. This property blends

    SHERRI HOOD Homesmart Preferred Realty

    325 5th St, Penrose, CO 81240
  • /38

    $274,900

    • 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, 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 you extra things. The

    Nick Sartori Real Broker, LLC

    550 4th St, Penrose, CO 81240
  • /50

    $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
  • /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
  • /48

    $424,900

    $25K PRICE DROP
    • 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
  • /41

    $495,000

    $5K 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

    Wendy Weber 6035 Real Estate Group, LLC

    575 11th 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
  • /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
  • /50

    $770,000

    • 4 Beds
    • 2.5 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 the entire structure. You can use either the indoor boiler that runs on propane or the exterior wood burning boiler. The booming ceilings in the main part of

    Stephanie Scalfri Homesmart Preferred Realty

    988 P St, Penrose, CO 81240
  • /26

    $385,000

    • 3 Beds
    • 2 Baths
    • 1,713 Sq Ft

    62 9th Ave, Penrose, CO 81240

    Discover the perfect blend of comfort, style, and country living with this exceptional 3 bedroom 2 bath horse property with gorgeous mountain views in Penrose. This beautifully updated ranch-style home features thoughtful upgrades throughout, including stunning tile work in the kitchen and bathrooms, newer luxury vinyl plank flooring, new blinds on all windows and rich hickory cabinetry that adds

    Jodi Sue Gardner HomeSmart

    62 9th Ave, 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
  • /35

    $519,999

    • 3 Beds
    • 2 Baths
    • 1,794 Sq Ft

    1747 16th St, Penrose, CO 81240

    Welcome home to this beautifully updated stucco ranch-style property situated on 10 peaceful acres in Penrose, Colorado. Offering 3 bedrooms and 2 bathrooms, this home combines modern upgrades with country charm and exceptional energy efficiency.Inside, you'll find fresh paint, updated ceiling fans, smart lighting, and a fully remodeled bathroom. Major system updates provide peace of mind,

    Coreena Dones The Cutting Edge

    1747 16th St, Penrose, CO 81240
  • /34

    $429,500

    • 3 Beds
    • 2 Baths
    • 1,639 Sq Ft

    1811 11th St, Penrose, CO 81240

    Welcome to your idyllic retreat, where the serenity of rural living harmonizes with the comforts of a spacious tri-level home. Nestled on a sprawling 10 acres, this property is a canvas for your dreams, complete with outbuildings, former hay fields, and ditch shares, making it the perfect setting for homesteading enthusiasts and nature lovers alike! Step inside to discover a thoughtfully designed

    Kim Martin Proficient Property Mgmt. Svcs

    1811 11th 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
  • /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
  • /41

    $325,000

    • 3 Beds
    • 1.5 Baths
    • 1,523 Sq Ft

    373 G St, Penrose, CO 81240

    Charming home in Penrose situated on a spacious 0.68-acre lot, offering privacy and room to enjoy the outdoors! There are 3 bedrooms, 2 bathrooms and and office. The kitchen features ample cabinetry with crown molding, tiled backsplash, and stainless-steel appliances. The dining room includes a built-in bar and additional cabinets. Beautiful plank tile throughout. Large living room with a slider

    Suzi Adamson All Seasons Llc

    373 G St, Penrose, CO 81240
  • /27

    $299,000

    $11K 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
  • /43

    $775,000

    • 2 Beds
    • 2 Baths
    • 1,264 Sq Ft

    8200 County Road 132, Penrose, CO 81240

    Situated on over 73 acres across two parcels, this exceptional Colorado ranch property offers a rare combination of privacy, recreation, and future development potential. The cozy 2-bedroom, 2-bath ranch home features a covered front deck with stunning views of Table Mountain and the Beaver Creek Wilderness Area, a grid-tied solar system for low utility costs, and a newer pellet stove for

    Linda Mattson Homesmart Preferred Realty

    8200 County Road 132, Penrose, CO 81240
  • /37

    $379,000

    • 2 Beds
    • 2 Baths
    • 2,040 Sq Ft

    1290 B St, Penrose, CO 81240

    Nestled on 10 tranquil acres, this exceptional property offers a seamless blend of natural beauty and modern comfort. Boasting breathtaking 360-degree mountain views and expansive hardwood floors throughout, this 2-bedroom, 2-bathroom home provides the perfect canvas for your dream lifestyle, with the option to easily create a third bedroom. Step inside to discover bright, sun-filled spaces with

    Sofia Taylor Agents Realty of Colorado

    1290 B St, Penrose, CO 81240
  • /49

    $469,000

    $81K PRICE DROP
    • 2 Beds
    • 2 Baths
    • 1,344 Sq Ft

    21691 County Road 67, Penrose, CO 81240

    Incredible OFF-THE-GRID mountain retreat on 40 acres with BLM land on two sides featuring SOLAR, PROPANE, and NATURAL SPRING. This property allows the hustle and bustle of everyday life to slow down as you soak in the natural beauty of all Colorado has to offer. Tucked away on the land is a two story cabin style home. The main level walks into a covered and heated front porch. Through the front

    Troy MacDonald eXp Realty, LLC

    21691 County Road 67, 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

    $399,999

    $40K PRICE DROP
    • 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
  • /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
  • /59

    $390,000

    $10K PRICE DROP
    • 4 Beds
    • 2 Baths
    • 1,904 Sq Ft

    1055 3rd St, Penrose, CO 81240

    Discover the possibilities on this 4.65-acre property, offering 4 shares of Beaver Park Water and a 4-bedroom, 2-bathroom home that is fully livable but will need some work, providing an opportunity to apply your vision and make it your own. The main living area of the home showcases arched windows that fill the space with natural light, a vintage cast-iron stove adds warmth, charm, and character

    DeeDee Watson Pueblo Home Realty, LLC

    1055 3rd St, Penrose, CO 81240
  • /57

    $660,000

    • 4 Beds
    • 2 Baths
    • 4,999 Sq Ft

    855 5th St, Penrose, CO 81240

    Welcome to your Colorado dream home, a stunning 4-bedroom, 2-bath residence in Penrose that perfectly blends luxury living with unparalleled business potential. This property is a rare find for entrepreneurs and business owners, featuring a massive 2,057 sq. ft. climate-controlled workshop with dual mini-split units, a commercial roll-up door, and multiple 20-amp outlets. It is perfect for a home

    Amber Treadwell REAL Broker, LLC

    855 5th 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

Why Live in Penrose

Penrose, CO, is a rural community situated between Pueblo and Colorado Springs, offering residents a semi-arid landscape with juniper woodlands, hot springs, and proximity to the Arkansas River. The area is known for its spacious acreage, with many properties featuring traditional farmhouses and ranch-style homes on lots ranging from 3 to 40 acres, allowing for agricultural activities such as growing hay and raising livestock. Founded during the gold rush, Penrose provides a quiet environment with stunning views and a moderate heat risk, with summer temperatures reaching the low-to-mid 90s. The community is prone to wildfires, which have a moderate chance of affecting properties over the next 30 years.

Penrose features several outdoor attractions, including the Dakota Hot Springs, Brush Hollow Reservoir, and Florence River Park, which offer opportunities for camping, fishing, paddleboarding, and kayaking. The Penrose Park & Recreation District serves as the main green space, hosting events like the Apple Day Festival. Although Penrose has limited commercial areas, Broadway offers local establishments such as Coyote's Coffee Den and Penrose Pizzeria & Pub, along with the Neighborhood Market for groceries. For additional shopping and dining options, Florence is located about 6 miles southwest.

The Fremont County Transit system provides on-demand transportation, with Pueblo approximately 30 miles east and Colorado Springs about 35 miles north. Pueblo Memorial Airport and Colorado Springs Airport offer flights to various destinations, including international flights starting in June 2025.

Single Family Home Prices in Penrose, CO

Single Family Home Price Trends

Median Home Price
$489,000
Median 3-Bedroom Home Price
$415,000
Median 4-Bedroom Home Price
$635,000
Median 5-Bedroom Home Price
$920,000
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