Land with Home for Sale in Penrose, Colorado

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 to the family room, indoor-outdoor living with a screened-in porch and covered patio. Situated on a paved road with easy access to Hwy 115, this property blends rural living with convenience to Colorado Springs, Caon City, and Pueblo. The fully fenced acreage is ready for planting or livestock and is separated from the home by a stucco boundary wall. A heated and insulated 4-car detached garage plus a multi-use outbuilding provide endless options for a workshop, storage, or hobby space. Additional features include a greenhouse, raised garden bed, gazebo, and dog kennel. This property delivers remarkable potential and the freedom to create the home you've always envisioned. ***Home condition will not meet FHA or VA loan requirements.