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Land with Home for Sale in Penrose, Colorado

5101 County Road 123, Penrose, CO 81240

$370,000
9.78 acres
Active sale
$10k drop
Est $1,922/mo

The seller agrees to a $10,000 flooring concession! Discover the perfect blend of rural charm and modern amenities on this 9.7-acre parcel near Penrose, Colorado. Zoned AR (Agricultural Residential), this property offers endless possibilities, whether you're looking for a private retreat, a hobby farm, or a space to build your dream home. Enjoy breathtaking mountain and plains views from your own slice of Colorado paradise. The property features a house with a new metal roof and newly installed vinyl siding. Included with the property is a freezer, and a 2,750 gallon underground water cistern, offering convenience and readiness for rural living. A highlight of the property is the impressive 30ft x 60ft shop/garage building. Built with functionality in mind, it boasts 13ft 6in sidewalls and a convenient 10ft wide x 13ft high sliding door, making it ideal for large vehicles, equipment, or workshop needs. This building features a new metal roof and skylights. There is an insulated room with a mezzanine above, perfect for extra storage or a workspace. Located in the quaint, unincorporated community of Penrose, this property is just a short drive from Canon City and Pueblo, providing easy access to amenities while preserving the peace and quiet of rural living. Do not miss your chance to own this unique property. Contact us today for more information or to schedule a private showing!

1,456
Sq feet
3
Beds
1
Full bath
1
3/4 bath
1999
Built

Location

Street address
5101 County Road 123
Zip code
81240
Elevation
5,546 feet
Coordinates
38.4607, -105.0863

Property details

Acreage
9.78 acres
MLS #
RGAR 4222812
Posted

Property taxes

2024
$379

Parcels

  • 98704434

Legal description

Details and features

Listing

Type
Residential
Subtype
Single Family Residence

Lot

Features
360-Degree View, Backs to Open Space, Level, Meadow, Mountain View, Rural, Sloping

Exterior

Parking Spaces
3
Pool
Deck

Structure

Heating
Central, Forced Air, Propane
Cooling
Central Air
Windows
Aluminum Frames, Single Pane Window(s)

Interior

Rooms
Bathroom x 2, Bedroom x 3
Flooring
Carpet, Carpet-Full, Vinyl

Property utilities

CategoryTypeStatus
GasPropaneConnected

Nearby schools

NameType
PenroseElementary

Listing history

DateEventPriceChangeSource
July 22, 2026New listing$370,000RGAR
Dec 21, 2025Listing removed$370,000Listing agent
Dec 1, 2025Under contract$370,000RGAR
Sept 9, 2025Price drop$370,000$10,000 -2.6%RGAR
July 28, 2025New listing$380,000RGAR
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This 9.78-acre property is located at 5101 County Road 123 in Penrose, CO 81240. The property is available for sale, priced at $370,000. It has a 1,456 square foot 3-bedroom, 2-bath house built in 1999.

Listed by Sweet Homes Realty, (719) 429-1267

Checked 2 hours agoUpdated Source

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