Recreational & Residential Land for Sale in Penrose, Colorado

Step into Colorado's past with this distinctive land parcel in the historic town of Wilbur. A BLM berm-built stock pond brings both function and character, while the terrain unfolds in a natural blend of open grassland and scattered pines. Some areas invite you to wander, others feel tucked away and quiet, creating a setting that works just as well for an off-grid homesite as it does for a weekend escape. The surrounding landscape carries echoes of the gold rush, with nearby routes once connecting Cripple Creek to Florence along the Phantom Canyon Railroad. Set within GMU 59, the property offers strong potential for hunting, recreation, or simply carving out your own space in a part of Colorado that still feels wide open and untouched.