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Residential Land with Home for Sale in Penrose, Colorado

4200 County Road 123, Penrose, CO 81240

$325,000
5 acres
Active
$25k drop
Est $1,678/mo

Enjoy peaceful country living in this spacious 3-bedroom, 2-bath modular home perfectly situated on 5 beautiful acres. The home features brand-new flooring throughout and has been freshly cleaned and move-in ready-perfect for those seeking comfort and space. The open floor plan offers a welcoming living area, bright kitchen with plenty of cabinet space, and a roomy dining area for family gatherings. The primary suite includes a private bath and generous closet space, while the additional bedrooms provide flexibility for guests, home office, or hobbies. Outside, you'll find a detached garage and multiple outbuildings, ideal for storage, a workshop, or small livestock. The property offers endless possibilities-gardening, recreation, or simply enjoying the peace and privacy of rural life. FHA financing welcome! Don't miss your chance to own this well-maintained country retreat-clean, ready to go, and waiting for its next owner.

1,760
Sq feet
3
Beds
2
Full baths
1985
Built

Location

Street address
4200 County Road 123
Elevation
5,526 feet
Coordinates
38.4579, -105.1068

Property details

Acreage
5 acres
MLS #
RGAR 9298392
Posted

Property taxes

2024
$1,021 - LOTS 3 & 4 BLK 36 WATERSVILLE SUB TOG WITH N2 VACATED ALLISON AVE & W2 VAC DOWLING AVE

Parcels

  • 40001020

Legal description

Details and features

Listing

Type
Residential
Subtype
Single Family Residence
Franchise
Keller Williams Realty

Lot

Features
Level, Mountain View

Exterior

Parking Spaces
2

Structure

Stories
1
Heating
Natural Gas
Cooling
Evaporative Cooling

Interior

Rooms
Bathroom x 2, Bedroom x 3, Dining Room, Laundry Room x 2
Flooring
Carpet, Vinyl

Property utilities

CategoryTypeStatusDescription
PowerGridAvailable
GasNatural GasConnected

Listing history

DateEventPriceChangeSource
Dec 1, 2025Price drop$325,000$25,000 -7.1%RGAR
Oct 29, 2025New listing$350,000RGAR
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This 5-acre property is located at 4200 County Road 123 in Penrose, CO 81240. The property is available for sale for $325,000. It has a 1,760 sq ft 3 bedroom, 2 bath house built in 1985.

Checked 7 hours ago — Updated

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