Land with Home for Sale in Penrose, Colorado

Beautifully updated 3,800 sq. ft. ranch-style home with a finished walkout basement set on a fully fenced 5-acre horse property with 4 irrigated acres and 5 shares of Beaver Creek Ditch included - where elevated living meets productive equestrian acreage. This exceptional residence offers vaulted ceilings, expansive windows, and a bright, open layout designed for both everyday comfort and effortless entertaining. Natural light fills the main living spaces, creating a warm and inviting atmosphere throughout. The kitchen features solid wood cabinetry, newer stainless steel appliances, generous counter space, and a sunlit breakfast nook. Just off the kitchen, the private dining room with French doors provides flexibility for formal gatherings or intimate meals. The spacious primary suite includes direct access to the back deck, a beautifully appointed en suite with walk-in shower and double vanity, and a large walk-in closet. Two additional spacious bedrooms and a full bath complete the main level. A mudroom with main-level laundry (1 of 2 laundry areas) adds convenience. The fully remodeled walkout basement expands the home significantly, offering a large open great room, dedicated media space, additional bedrooms, 3/4 bath, second laundry area, and flexible options for guests, recreation, or multi-generational living. New flooring throughout enhances the home's modern appeal. Major system upgrades include a new furnace, new air conditioning unit, upgraded UV sanitation system, and a new main water supply line. Outside, the 44x80 Cleary barn includes three horse stalls, a tack room and RV hookup. The hay field historically produces approximately 120-150 bales per cutting, with up to three cuttings per season. Ideally located near renowned wineries, cideries, and a state-of-the-art equine veterinary facility, this property delivers a rare combination of refined residential living and fully functional equestrian infrastructure.