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For sale
  • $1,300,000

    18530 State Highway 115, Penrose, CO 81240

    3beds
    2,915sqft
    : 
    $7,602/mo
    Get pre-qualified
    Single Family Residence
    Built in 1985
    108 Acres Lot
    $1,252,000 Zestimate®
    $446/sqft
    $-- HOA

    What's special

    Seasonal creekSweeping mountain viewsClassic adobe characterRiding arenaTack roomIrrigated hay fieldPrivate driveway
    Beaver Creek Ranch is a stunning 108-Acres with an Adobe-Style Home, Arena, Barn & More! Tucked away off of Highway 115, down a private driveway, this 2,915 sf adobe-style home sits on 108 acres of ranch land, perfectly equipped for both equestrian and agricultural pursuits. This property offers endless opportunities—whether you're looking for a working ranch, private retreat, or multi-use estate. The main level of the home boasts classic adobe character with beautiful wood beams, tile flooring, and spacious living. A large family room, separate living room, dining room, laundry room, and a kitchen with a walk-in pantry create a functional and inviting layout. The master suite features a generous walk-through closet. New flooring enhances the living space. Upstairs, a third bedroom and full bathroom with its own outdoor entrance provides great flexibility—ideal for guests, rental, multi generational living or can be used as a craft room. The home is largely self-sufficient with 72 solar panels. Sweeping mountain views and a seasonal creek attract abundant wildlife, creating a peaceful, scenic backdrop. For equestrian enthusiasts, this ranch is truly horse-ready. It features a 300' x 155' riding arena, a 50' x 115' barn with 9 stalls, tack room & hay storage. A loafing shed & 4 corrals with shipping chute. Approximately 30 acres of irrigated hay field provide agricultural potential, with hay freshly baled in August. The property comes with 31 shares of irrigated water shares through Beaver Park Water. Additional income is generated by a discreet internet tower leased to SECOM, located out of sight on a near by bluff. There is also a shooting range at the back of the property. With its private setting & wide-open spaces and located just north of downtown Penrose, close to Canon City, Pueblo & Colorado Springs, this unique property is a rare gem!
    313 days
    |
    354
    |
    16
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    Zillow last checked:

    Listing updated:

    Listed by:

    Linda Leslie,

    Homesmart

    Source: Royal Gorge AOR,MLS#: 7957906MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 3
      • Full bathrooms: 2
      • 3/4 bathrooms: 1
      Heating
      • Baseboard, Electric
      Cooling
      • None
      Features
      • Flooring: Ceramic Tile, Laminate
      • Has fireplace: Yes
      • Fireplace features: Wood Burning
      Interior area
      • Total structure area: 2,915
      • Total interior livable area: 2,915 sqft

      Property

      Parking
      • Parking features: Detached, Gravel Driveway
      • Has garage: Yes
      Features
      • Stories: 1.5
      • Patio & porch: Concrete
      • Has view: Yes
      • View description: View of Rock Formations
      • Waterfront features: Stream/Creek
      Lot
      • Size: 108 Acres
      • Features: Level, Meadow
      Details
      • Parcel number: 67080078

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Stucco, Adobe
      Condition
      • Year built: 1985

      Utilities & green energy

      • Sewer: Public Septic
      • Water: WaterRights, Well
      • Utilities for property: Electricity Connected, Propane

      Community & HOA

      Location
      • Region: Penrose

      Financial & listing details

      • Price per square foot: $446/sqft
      • Tax assessed value: $601,858
      • Annual tax amount: $3,459
      • Date on market: 9/17/2025
      • Listing terms: Cash,Conventional
      • Inclusions: Barn with horse stables, outdoor arena, Hay bails, internet tower lease, mobile home on property.

        Estimated market value

        $1,252,000

        $1.19M - $1.31M

        $3,226/mo

        Price history

        DateEventPrice
        12/31/2025Price change$1,300,000-5.5%$446/sqft
        Source: Royal Gorge AOR #7957906 Report a problem
        11/15/2025Price change$1,375,000+3.8%$472/sqft
        Source: Royal Gorge AOR #7957906 Report a problem
        11/4/2025Pending sale$1,325,000$455/sqft
        Source: Royal Gorge AOR #7957906 Report a problem
        10/4/2025Contingent$1,325,000$455/sqft
        Source: elevateMLS #8958188 Report a problem
        9/16/2025Listed for sale$1,325,000+21%$455/sqft
        Source: elevateMLS #8958188 Report a problem
        3/15/2021Sold$1,095,000-8.4%$376/sqft
        Source: Royal Gorge AOR #63215 Report a problem
        8/8/2020Listing removed$1,195,000$410/sqft
        Source: HomeSmart Preferred Realty #62074 Report a problem
        1/30/2020Price change$1,195,000-2.4%$410/sqft
        Source: HOMESMART PREFERRED REALTY #62074 Report a problem
        1/6/2020Listed for sale$1,225,000$420/sqft
        Source: HOMESMART PREFERRED REALTY #62074 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$3,669 +8.3%$57,038 +6.9%
        2023$3,389 +18.4%$53,353 +19.5%
        2022$2,862 -3.9%$44,632 -5.4%
        2021$2,977 +43%$47,199 +18.9%
        2020$2,082 -1.3%$39,709
        2019$2,109 +3.6%$39,709 +4.7%
        2018$2,036 +41%$37,934 +41%
        2017$1,444 +4.7%$26,899 +3.6%
        2016$1,378 +1.1%$25,960
        2015$1,363 $25,960
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 81240

        Getting around

        1 / 100
        Car-Dependent
        9 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Penrose

        Source: Royal Gorge AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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