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Land with Home for Sale in Penrose, Colorado

699 Cedar Hills Rd, Penrose, CO 81240

$530,000
40 acres
Pending sale
Under contract

True Colorado off-grid living on 40 acres with perimeter fence, views of multiple mountain ranges, and mature ponderosa pines along the side of the property. Self-sustaining property is equipped with upgraded solar power system featuring new panels, inverter, and battery storage, plus propane & generator backup for reliable, redundant energy production. Battery backup system housed in a dedicated rear storage structure for protection and organization. Private well & septic system further enhance independent living without traditional utility reliance. The ranch-style home offers a functional open layout with vaulted ceilings and abundant natural light. Recent improvements include new interior paint, updated trim, vinyl plank flooring in bathrooms and main living areas, and new carpet installed in 2022. The remodeled kitchen blends function and style with upgraded cabinetry, tile backsplash, under-cabinet and bar-top lighting, stainless steel appliances, and a distinctive live-edge wood bar top that creates a warm focal point. The spacious primary suite includes a walk-in closet, soaking tub, separate shower, and dual vanities. Additional bedrooms provide flexibility for guests, office space, or hobbies. A water softener, reverse osmosis system, and energy-efficient combination washer/dryer designed for solar compatibility. New roof is scheduled for installation. Outdoor living, wood deck positioned to capture expansive views and quiet surroundings. The property features a 30’ x 50’ multi-functional outbuilding configured as one cohesive structure under a single roofline. The attached 19’ x 30’ garage section includes three separate bays for vehicles and equipment, while the adjoining pole barn area provides additional open storage space with a 13-foot-high sliding door designed to accommodate larger vehicles, trailers, or machinery. An approximately 15’ x 20’ shop space is integrated within the structure, offering dedicated workspace for projects or storage.

2,016
Sq feet
4
Beds
2
Full baths
1998
Built

Location

Street address
699 Cedar Hills Rd
Community
Penrose
School district
Fremont RE-2
Elevation
5,721 feet
Coordinates
38.4811, -105.0223

Directions

Penrose, CO Highway 115, Turn West onto 3rd Street. Turn right onto E Street. Turn right onto Cedar Hills Road. Continue approx. 0.7 miles. Turn left onto the unnamed road. At the fork in the road, stay left — the property entrance will be on the left.

Property details

Acreage
40 acres
Access
Easement
MLS #
REcolorado 2239762
Posted

Property taxes

2024
$1,073

Parcels

  • 98404151

Legal description

Resources

Details and features

Listing

Type
Residential
Subtype
Single Family Residence
Current Use
Agricultural
Terms
Cash, Conventional, FHA, VA Loan
Possession
Closing/DOD

Lot

Road Frontage
Easement
Road Surface
Dirt, Gravel
Road Responsibility
Private Maintained Road, Public Maintained Road
View
Mountain(s), Valley
Well Type
Private
Well Permits
215866
Features
Level, Many Trees, Meadow

Exterior

Parking Spaces
6
Parking
Circular Driveway, Oversized, Oversized Door, RV Garage, Unpaved
Fencing
Full
Horses Allowed
Yes
Outdoor Spaces
Deck, Patio
Features
Rain Gutters

Structure

Type
Manufactured House
Style
Modular
Levels
One
Basement
Crawl Space
Water
Well
Sewer
Septic Tank
Heating
Forced Air, Propane, Wood Stove
Materials
Frame, Vinyl Siding
Roof
Composition
Windows
Double Pane Windows
Mobile Home Type
Double Wide
Foundation
Concrete Perimeter

Interior

Rooms
Bathroom Full x 2, Bedroom x 4, Dining Room, Family Room, Kitchen, Laundry, Living Room
Flooring
Carpet, Laminate, Tile
Fireplace Count
1
Fireplaces
Wood Burning Stove
Appliances
Dishwasher, Dryer, Microwave, Oven, Range, Refrigerator, Washer
Security
Smart Cameras, Video Doorbell
Features
Ceiling Fan(s), Five Piece Bath, Open Floorplan

Property utilities

CategoryTypeStatus
SewageSeptic SystemConnected
WaterPrivate WellConnected
GasPropaneConnected

Nearby schools

NameTypeDistrict
PenroseElementaryFremont RE-2
FremontMiddleFremont RE-2
FlorenceHighFremont RE-2

Listing history

DateEventPriceChangeSource
Mar 20, 2026Under contract$530,000PAR
Mar 13, 2026New listing$530,000PAR
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This 40-acre property is located at 699 Cedar Hills Rd in Penrose, CO 81240. The property is pending sale. It has a 2,016 sq ft 4 bedroom, 2 bath house built in 1998.

Checked 2 hours ago — Updated

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REcolorado

Based on information submitted to the MLS GRID as of Apr 19, 2026 5:00 am MT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. View more

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