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Land with Home for Sale in Penrose, Colorado

988 P St, Penrose, CO 81240

$770,000
10 acres
Active sale
Est $3,991/mo

Welcome home to your custom built ICF adobe style home sitting on 10 acres. Whether you’re looking for room to spread out or a multigenerational setup this home is for you and it was built with everything in mind. In floor heat throughout the entire structure. You can use either the indoor boiler that runs on propane or the exterior wood burning boiler. The booming ceilings in the main part of the home are cladded in aspen wood and the trim and doors are knotty alder pine. Because of the ICF construction the rest of the home has 9 foot ceilings. There are 4 bedrooms, 3 bathrooms, with 3 additional flex spaces. 2 of the flex spaces are currently used as home offices and the third is the unfinished room in the basement . One of the main level flex spaces has its own exterior entrance. The oversized septic can accommodate additional bedrooms if needed. The giant crawl space is fully finished out for extra storage. Your new homes kitchen has a new 46” range, plenty of cabinet space, large center island, and mountain views. Moving outside your home has gone past the standard flat roof and has a metal roof. The barn has water close by and power along with a partial cement floor that can be used as a workshop. The coral has been freshly painted. There is also a chicken coop neighboring the barn. Next to the home is an oversized 3 car garage. Garage floor is setup for in floor heat as well but is not hooked up to a boiler currently. But wait, that’s not all, there is also a RV station, 4 shares of beaver creek ditch to irrigate the just over 3 acre pasture, and mountain views around. This property has too many features to list and is a must see. Schedule your showing today, and call it home tomorrow.

4,633
Sq feet
4
Beds
2
Full baths
1
1/2 bath
2003
Built

Location

Street address
988 P St
Community
Beaver Park
School district
Fremont RE-2
Elevation
5,303 feet
Coordinates
38.4216, -104.9774

Directions

Heading East on Hwy 50, turn left onto M Street (right if heading West on Hwy 50). Turn right onto 9th street. Turn Right onto P Street. Home will be on the left.

Property details

Acreage
10 acres
MLS #
REcolorado 6288250
Posted

Property taxes

2024
$3,576

Parcels

  • 69080014

Legal description

Details and features

Listing

Type
Residential
Subtype
Single Family Residence
Terms
Cash, Conventional, FHA, VA Loan
Conditions
None
Possession
Negotiable

Lot

Irrigation Source
Ditch
Road Surface
Dirt, Gravel
Features
Irrigated

Exterior

Parking Spaces
3
Parking
Concrete, Oversized, Unpaved
Fencing
Fenced Pasture
Horses Allowed
Yes
Equestrian
Corral(s), Loafing Shed, Pasture
Hot Tub
Bath
Outdoor Spaces
Covered

Structure

Type
House
Levels
One
Basement
Crawl Space, Partial, Unfinished
Water
Public
Sewer
Septic Tank
Heating
Forced Air, Propane, Radiant Floor, Wood
Cooling
Central Air
Materials
Adobe, IC Fs (Insulated Concrete Forms)
Roof
Metal
Windows
Egress Windows

Interior

Above Grade
3,527 sq ft
Below Grade
1,106 sq ft
Rooms
Bathroom Full, Bathroom Half, Bedroom x 3, Bonus Room x 3, Dining Room, Kitchen, Laundry, Living Room
Flooring
Tile
Appliances
Dishwasher, Dryer, Range, Refrigerator, Washer
Features
Ceiling Fan(s), Entrance Foyer, Kitchen Island, Walk-In Closet(s)

Property utilities

CategoryTypeStatus
PowerGridConnected
WaterPublicAvailable
SewageSeptic SystemConnected
GasPropaneConnected

Nearby schools

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

Listing history

DateEventPriceChangeSource
Aug 28, 2025New listing$770,000PAR
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This 10-acre property is located at 988 P St in Penrose, CO 81240. The property is available for sale for $770,000. It has a 4,633 sq ft 4 bedroom, 2 bath house built in 2003.

Checked 1 hour ago — Updated

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REcolorado

Based on information submitted to the MLS GRID as of May 6, 2026 1:00 pm 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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