Penrose Real Estate

Penrose Real Estate

Welcome to Penrose, Colorado – a hidden gem nestled in the heart of Fremont County. This charming small town is perfectly situated just a short drive from the bustling city of Canon City, offering residents a serene escape while still being close to urban conveniences. With its stunning backdrop of the Rocky Mountains and the Arkansas River, Penrose is a haven for outdoor enthusiasts and nature lovers alike.

The town is steeped in a rich history, with roots that trace back to the late 1800s. Today, Penrose boasts a tight-knit community that embraces its heritage while looking forward to the future. The warm and welcoming atmosphere is evident in the friendly faces you’ll encounter, making it an ideal place for families, retirees, and anyone seeking a tranquil lifestyle.

Penrose is known for its picturesque landscapes, which provide ample opportunities for hiking, fishing, and exploring the great outdoors. The nearby Royal Gorge, with its breathtaking views and thrilling activities, is just a stone's throw away. Residents can enjoy the best of both worlds – a peaceful rural setting combined with easy access to modern amenities, including local shops, restaurants, and schools.

As you consider making Penrose your home, you’ll discover a variety of real estate options that cater to diverse tastes and budgets. From quaint cottages to sprawling ranch-style homes, there’s something for everyone in this idyllic town. Embrace the charm of Penrose and let it become the backdrop for your next chapter in life!

Newest Listings in Penrose

$699,900
3 Beds ⋅ 2 Baths ⋅ 242134 MLS
Updated Brick Rancher on 9.44 Acres with Water Rights & Horse Facilities. Welcome to this beautifully updated brick rancher offering just under 3,600 finished square feet across two parcels totaling 9.44 acres. The open-concept main level features gleaming hardwood floors throughout and a stunning kitchen with granite countertops, tile backsplash, custom cabinetry, black stainless appliances, and counter seating — perfect for entertaining. There are 3 bedrooms and 2 baths on the main level while the fully finished basement offers abundant room to grow. Outside, this property is a true equestrian and hobby-farm dream: fully fenced and cross-fenced for hay production, grazing, and horses, with a barn, corral fencing, and a riding arena already in place. Water is no concern here. The property includes 10 shares of Beaver Park water, TWO water taps, AND a private well, a rare combination that offers exceptional flexibility for irrigation, livestock, and future use. Whether you're looking to run horses, grow hay, or simply enjoy space and privacy without sacrificing modern comforts, this property delivers it all. Schedule your private showing today!

1400 & 1442 K St, Penrose
$1,299,000
4 Beds ⋅ 3 Baths ⋅ 242080 MLS
A once-in-a-lifetime opportunity to own a true piece of the American dream! This beautiful custom home is nestled on over 63 acres and offers privacy, space, and breathtaking 360 mountain views. A charming bell calls everyone together to gather and enjoy the beauty of Colorado. The main residence features a private primary suite secluded from the other bedrooms, plus a private den with slate floors, fireplace, and separate garage entrance. The heart of the home is a cook's kitchen with commercial refrigerator/freezer, mahogany cabinets, pass-through, and galvanized steel flooring. A family-size dining room and main living room open to a composite deck, creating an ideal space for entertaining. A private loft getaway provides children with their own special retreat. Downstairs offers a family room with wood-burning stove, second bedroom with attached bath, two additional bedrooms, another bath, and abundant storage throughout. Passive solar adds to the home's thoughtful design. Step outside to enjoy stunning mountain views from the deck or patio, stroll the acreage, or gather around the fire pit for an unforgettable evening. A separate Casita features its own kitchen, living room, and bedroom—perfect for guests, a college student, or rental income. Dreaming of a private gym? A dedicated building is ready for your fitness space and includes a mini-split for heating and cooling. History enthusiasts will love the original Trapper Cabin brought to the property from South Park,

68948 Hwy 50, Penrose
$325,000
3 Beds ⋅ 2 Baths ⋅ 241995 MLS
Nearly 5 acres, mountain views, owned solar and a home packed with custom touches! Welcome to 325 5th Street in Penrose, a 3-bedroom, 2-bath home situated on 4.88 acres with room for your RV, toys, animals, hobbies and more. Inside, extensive custom beetle-kill pine woodwork gives the home a warm Colorado character you won't find in a cookie-cutter property. The spacious kitchen features abundant cabinetry and a large center island, while a pellet stove adds to the cozy living space. Updates include electrical and plumbing improvements, and on-demand hot water. Outside, enjoy wide-open mountain views from the covered front porch and nearly five acres of usable space. The property includes a detached 1-car garage, 2-car carport, shed with power, RV hookup, built-in fire pit, fenced backyard and separate fenced chicken yard. There's plenty of space here for vehicles, equipment, projects and outdoor living. A ground-mounted solar system is owned outright and conveys with no solar loan or lease to assume. The property is served by Penrose Water and septic, giving you acreage without relying on a private well. With 4.88 acres, owned solar, extensive storage and parking, custom woodwork and beautiful Colorado views, 325 5th Street offers a combination that's difficult to duplicate. Bring your RV, hobbies, chickens, horses and plans for the land?there's room to make this property your own. Central air and heat.

325 5th St, Penrose
$475,000
3 Beds ⋅ 2 Baths ⋅ 241560 MLS
Experience the best of country living just minutes from town. Perfectly situated between Canon City and Pueblo near Penrose, this private 10-acre retreat offers versatility, wide-open space, and beautiful mountain views. The fully fenced acreage is ideal for horses or livestock and includes a loafing shed/barn for shelter. A seasonal stream with a natural pool meanders through one corner of the property, adding charm, tranquility, and a rare natural feature. The freshly painted 2- bedroom, 2-bath home (with a non-conforming third bedroom) is designed for efficiency, boasting exceptionally low utility costs. The property is serviced by a new water heater, well with a new well pump, equipped with a new water-treatment system, ensuring a reliable potable water supply, and multiple hydrants are conveniently located throughout the acreage. House also has a new ac/furnace system. Take in the sweeping vistas from the expansive 10' x 28' covered porch, or make use of the large concrete pad—ideal for gatherings, recreation, or future expansion. A long private driveway leads to a spacious 32' x 34' detached 2-car garage, perfect for vehicles, equipment, and storage. The well pump and water-treatment system are thoughtfully housed inside for added protection. Livestock enthusiasts will appreciate the 24' x 40' animal shelter with an attached 16' x 40' leanto, complete with corrals and extra fence panels. Also, an additional 24' x 40' insulated shop with a concrete floor provides excelle

340 12th St, Penrose
$850,000
5 Beds ⋅ 4 Baths ⋅ 241164 MLS
Rancho Cielo-Where the Colorado Sky Meets the Soul of the Southwest - Some homes offer acreage - Others offer privacy. A select few become destinations in themselves. Beyond a striking Private Estate Gateway, a winding drive carries you through w/ more than 35 acres of Colorado's rugged high-desert landscape revealing a residence that feels as though it has always belonged to the land. Inspired by the enduring beauty of Pueblo Revival architecture, Rancho Cielo blends timeless Southwestern design with modern luxury, creating a retreat unlike anything else in Southern Colorado. From the moment you arrive, the pace of life changes. Morning sunlight stretches across distant mountain ranges. Afternoon thunderstorms dance across the plains. 4,184 square feet, this custom-designed residence offers five spacious bedrooms, four bathrooms, and an oversized three-car attached garage. Every detail reflects thoughtful craftsmanship, from the authentic adobe-inspired exterior & sculpted parapets to the warm knotty pine doors, handcrafted trim, rich architectural finishes that create an atmosphere of understated elegance. A chef-inspired kitchen, anchored by distinctive granite countertops. Renewal by Andersen windows frame Colorado's breathtaking scenery as though each were a living masterpiece. Every room captures panoramic mountain views, inviting natural light. The walk-out lower level offers exceptional flexibility, a wet bar, and private guest accommodations—perfect for multigenerati

507 Van Egmond Dr, Penrose
$275,000
3 Beds ⋅ 2 Baths ⋅ 240949 MLS
Charming 3-bedroom, 1.5-bath home in a desirable central Penrose location. Conveniently situated within walking distance of the park, this property features new flooring and fresh interior paint, offering a move-in-ready opportunity. The spacious, foncerd h fenced backyard offers ample room for outdoor enjoyment and showcases beautiful views. An excellent value with great potential for homeowners and investors alike.

474 Grant St, Penrose
$400,000
3 Beds ⋅ 2 Baths ⋅ 240827 MLS
Brand new construction on 4.94 acres in Penrose. This beautifully designed 3-bedroom, 2-bath home features a desirable split-bedroom floor plan that offers privacy and comfort. The spacious primary suite includes an adjoining bathroom with dual vanities, and an expansive tiled shower. The kitchen is equipped with granite countertops, an island with breakfast bar, and plenty of cabinet space, making it ideal for both everyday living and entertaining. The new stainless steel kitchen appliances will be included. The dining area provides a slider to the rear concrete patio, perfect for enjoying the peaceful surroundings and expansive acreage. The primary bedroom and living room have convenient plug ins for TVs. Additional features include a 2-car attached finished garage, no maintenance exterior with stucco, metal soffits and stone accents, cultured marble window seals, granite counters in the bathrooms and central air conditioning. Enjoy the benefits of country living while remaining close to amenities, school and park in the heart of Penrose!

776 S Broadway, Penrose
$775,000
2 Beds ⋅ 2 Baths ⋅ 240592 MLS
Situated on over 73 acres across two parcels, this exceptional Colorado ranch property offers a rare combination of privacy, recreation, and future development potential. The cozy 2-bedroom, 2-bath ranch home features a covered front deck with stunning views of Table Mountain and the Beaver Creek Wilderness Area, a grid-tied solar system for low utility costs, and a newer pellet stove for year-round comfort.New windows and Luxury Vinyl Plank in the bedrooms. A 10gpm well with a cistern and commercial reverse osmosis system insures pure clean water. The property is fully equipped for ranching or hobby farming with a 30x40 insulated garage/shop, a 30x46 insulated barn, livestock facilities, multiple storage sheds, partial fencing, and an electronic security gate. The second parcel has been thoughtfully prepared as a future dream-home site with underground power, completed septic perk testing. With breathtaking views of dramatic red rock formations and the snow-capped Sangre de Cristo Mountains, plus easy access to fishing, horseback riding, hiking, and trout-filled Beaver Creek, this is a truly unique opportunity to own a well-improved mountain ranch retreat.

8200 County Road 132, Penrose
$850,000
4 Beds ⋅ 3 Baths ⋅ 240585 MLS
Exceptional 4 bedroom, 3-bathroom custom log home on 28.4 acres! Surrounded by wide-open space and breathtaking mountain views, this unique log home estate is ideal for those seeking a rural retreat, equestrian property, or multi-use lifestyle. The home showcases quality craftsmanship throughout. The dine in kitchen features beautiful custom cabinetry with crown molding and pull outs, sleek granite countertops, breakfast bar, and thoughtful touches including a pot hanger, under cabinet lighting and a large prep room/ pantry! Large living room with vaulted ceilings, floor to ceiling rock accented wood burning fireplace and nice bay window. The primary bedroom has 2 closets, a bay window and adjoining 5-piece bathroom including a linen closet and double sink vanity. Additional highlights include a spacious basement with a safe room, office, full bathroom, and big family room with a wood burning stove. Upgrades include a new furnace, new central air system, and a new roof installed in 2025. Energy efficiency is enhanced with a solar system, while an attached greenhouse provides year-round growing potential. Step outside onto the expansive front deck and take in the stunning mountain views. A well-appointed barn includes five stalls and a tack room, making it ideal for horse enthusiasts. A heated workshop with a half bath adds versatility for projects or storage. The property also features two private shooting ranges!!

86 K St, Penrose
$225,000
2 Beds ⋅ 1 Baths ⋅ 240556 MLS
Tucked back and perched atop, your new home awaits you. This 2 bedroom 1 bath 1116 square foot off grid home sits on 10 acres. The home has had many recent updates such as solid oak flooring through the main portion of the home, all new kitchen cabinets, quartz counters, newer appliances, new solar batteries, mini splits, and water filtration system. There is also a backup generator for that extra piece of mind. There are a few projects left, giving you the opportunity to make it your own, but a lot of the major items have been completed. Schedule your showing today and call it home tomorrow.

1574 4th St, Penrose
$550,000
3 Beds ⋅ 2 Baths ⋅ 240426 MLS
Surrounded by mountain views and open skies, this well-maintained ranch-style home offers the convenience of true main-level living on a level, usable property designed for both comfort and flexibility. Daily living is effortless with the primary living areas, laundry, and mechanical systems all located on the main floor. The spacious living room features vaulted ceilings, a gas fireplace, and transom windows that fill the home with natural light. Just beyond, the bright dining area creates a welcoming space for everyday meals and larger gatherings. The kitchen offers extensive custom wood cabinetry, generous counter space, stainless steel appliances, and a highly functional layout with abundant storage. The primary suite enjoys direct access to the backyard patio through a newer Andersen sliding door, while an additional slider off the dining area creates a seamless connection between indoor and outdoor living spaces. Outside, the property's level acreage offers exceptional versatility. The large circular driveway provides convenient access and ample room for guests, RVs, trailers, campers, and equipment. Mountain views can be enjoyed from both the front and rear of the property, while the backyard patio creates an inviting space for relaxing, entertaining. The oversized garage is a standout feature, complete with custom-built workbenches, extensive storage, bright lighting, and durable flooring—ideal for hobbies, projects, or organization. Solar panels help improve energy e

116 Top Notch Trl, Penrose
$179,900
240247 MLS
Kettle Canyon – New 36+ Acre Development Be among the first to claim your piece of this stunning new rural development featuring only five 36-acre parcels and one exclusive 80-acre parcel. Lot 1 offers direct access from County Road 132 and includes power already on the property and access to BLM. Enjoy breathtaking panoramic views of the majestic 14,000-foot Sangre de Cristo Mountains and surrounding tree-covered peaks in one of Colorado's most scenic valleys. The land features gently rolling grasslands dotted with a few trees — ideal for livestock, horses, camping, or building your dream retreat. Set up camp in the heart of your acreage and experience unmatched solitude, fresh mountain air, and wide-open skies. With no covenants and no HOA, you'll enjoy true freedom, privacy, and peace in this remarkable setting. New recorded survey plat map is in the photos.

Tbd County Road 132, Penrose
Start Your Search