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Land with Home for Sale in Penrose, Colorado

1487 5th St, Penrose, CO 81240

$598,888
10 acres
Active sale
ago
Est $3,466/mo

Colorado Mountain Views, 10 Acres & Room to Roam! Discover the Colorado homestead lifestyle on this exceptional 10-acre property offering privacy, functionality, and breathtaking mountain views. Situated at the end of the street in an elevated setting, this 4-bedroom, 2-bath ranch-style home captures sweeping vistas of the Wet Mountains, Front Range, Pikes Peak, and Sangre de Cristo Mountains-all while providing convenient access to Canon City, Florence, Colorado Springs, and Pueblo. The fully fenced property features gated access, established trails, and an impressive collection of outbuildings designed to accommodate a variety of hobbies, projects, and rural living needs. Highlights include an oversized, heated 38' x 29' shop with parking for up to 6 cars, an insulated chicken or animal coop, a detached two-car garage, and an additional garden shed/barbecue hut. A fenced front yard, mature landscaping, and a spacious front porch create a welcoming first impression. Inside, the updated, open-concept kitchen, dining, and living areas provide an inviting space to gather and entertain. Enjoy the warmth and ambiance of the wood-burning fireplace, or step out onto the rear deck to take in the spectacular mountain scenery. The main level features two generously sized bedrooms and a full bathroom. Downstairs, the finished basement offers two additional spacious bedrooms, a three-quarter bathroom, a large laundry/mudroom, and a sizable bonus room providing flexible space for hobbies, storage, recreation, or a workspace. The laundry/mudroom also offers access to the pull-under garage. Whether you're envisioning a small homestead, room for animals, a dedicated workshop, or simply a peaceful retreat with wide-open views, this property offers the space and versatility to make your Colorado lifestyle a reality. Enjoy the privacy and expansive feel of country living with access to the amenities and outdoor recreation of Fremont County within easy reach.

2,156
Sq feet
4
Beds
2
Full baths
1978
Built

Location

Street address
1487 5th St
Zip code
81240
Elevation
5,458 feet
Coordinates
38.4406, -104.9836

Property details

Acreage
10 acres
MLS #
RGAR 9294193
Posted

Property taxes

2025
$2,182

Details and features

Listing

Type
Residential

Lot

Features
360-Degree View, Mountain View, Rural, Sloping, Trees/Woods, View of Pikes Peak, View of Rock Formations

Exterior

Parking Spaces
9

Structure

Style
Ranch
Stories
1
Heating
Baseboard, Hot Water
Cooling
Ceiling Fan(s), Evaporative Cooling
Roof
Metal

Interior

Room Count
11
Rooms
Basement, Bathroom x 2, Bedroom x 4, Dining Room, Laundry Room x 2
Fireplaces
Yes

Listing history

DateEventPriceChangeSource
Nov 2, 2026New listing$598,888—RGAR
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This 10-acre property is located at 1487 5th St in Penrose, CO 81240. The property is available for sale, priced at $598,888. It has a 2,156 square foot 4-bedroom, 2-bath house built in 1978.

Listed by Berkshire Hathaway HomeServices Rocky Mountain Florence, (719) 372-1788

Checked 1 hour agoUpdated Source

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Copyright © 2026 Royal Gorge Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Daniel Ullery-Oatney
Berkshire Hathaway HomeServices Rocky Mountain Florence
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