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Land with Home for Sale in Penrose, Colorado

770 Cedar Hills Rd, Penrose, CO 81240

$659,750
20.5 acres
Active sale
$15.2k drop
Est $3,556/mo

Priced to sell!!! Get settled before the Holidays. Calling all hobby farmers, outdoor enthusiasts, homesteaders or anyone seeking privacy with all the modern comforts. Updated in 2025, this spacious 1.5 story home is a blend of modern upgrades and rural charm and sits on 20+ private acres backing to almost 900 acres of state land, and just minutes from Brush Hollow Reservoir and Penrose Commons ATV Park. The well-designed interior features a fully remodeled kitchen with quartz countertops, custom cabinetry, waterproof laminate flooring, and new appliances including an induction cooktop and convection oven. The main-level primary ensuite includes a luxurious 5-piece bath with a soaker tub and newly tiled shower. The main floor also features solid hickory floors and a pellet stove for supplemental heat and a cozy atmosphere. The three additional bedrooms include hidden storage/play areas behind the bookshelves. The upstairs living area offers skylights for additional natural lighting and beautiful built-in bookcases. These are just a few of the many special features this home has to offer! In addition, energy-efficient upgrades have been installed including a new heat pump HVAC, 80-gallon heat pump water heater, new insulation, and a whole home circulation fan to help increase energy efficiency. Just a few of the many exterior highlights include views of Pikes Peak and the Sangre de Cristo Mountains, a fully fenced backyard (separate from the areas fenced for animals), wraparound concrete patio with pergola, raised garden beds, greenhouse. Multiple outbuildings include a 45'x54' Cleary building with stalls, chicken coop, loafing shed, carport, and 18' x 21' metal shed. An oversized 3-car garage offers additional space for tools and toys or workshop area. This property is zoned for horses/livestock and is located 30 mins from Colorado Springs, 20 mins from Canon City and 30 mins from Pueblo.

2,290
Sq feet
4
Beds
2
Full baths
1
1/2 bath
1999
Built

Location

Street address
770 Cedar Hills Rd
Zip code
81240
Elevation
5,686 feet
Coordinates
38.4717, -105.0183

Property details

Acreage
20.52 acres
MLS #
RGAR 3381906
Posted

Property taxes

2024
$2,222

Parcels

  • 99804429

Legal description

Details and features

Listing

Type
Residential
Subtype
Single Family Residence

Lot

Features
Backsto City/Cnty/State/Natl OS, Mountain View, Trees/Woods

Exterior

Parking Spaces
3

Structure

Water
Well
Heating
Electric, Heat Pump
Cooling
Ceiling Fan(s), Central Air
Windows
Double Pane Windows, Vinyl Frames

Interior

Rooms
Bathroom x 3, Bedroom x 4
Flooring
Carpet, Parquet Wood, Tile-Ceramic, Wood
Fireplaces
Yes

Property utilities

CategoryTypeStatus
GasPropaneConnected

Nearby schools

NameType
PenroseElementary

Listing history

DateEventPriceChangeSource
July 22, 2026New listing$659,750RGAR
Dec 2, 2025Listing removed$659,750Listing agent
Sept 24, 2025Price drop$659,750$15,150 -2.2%RGAR
Aug 26, 2025Price drop$674,900$3,600 -0.5%RGAR
July 3, 2025Price drop$678,500$20,000 -2.9%RGAR
May 16, 2025New listing$698,500RGAR
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This 20.52-acre property is located at 770 Cedar Hills Rd in Penrose, CO 81240. The property is available for sale, priced at $659,750. It has a 2,290 square foot 4-bedroom, 2.5-bath house built in 1999.

Listed by Real Broker, (303) 898-0598

Checked 2 hours agoUpdated Source

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