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Sold for $540,285
  • $540,285

    324 Terrace Pl, Manitou Springs, CO 80829

    4beds
    2baths
    1,820sqft
    Single Family Residence
    Built in 1963
    -- sqft lot
    $534,800 Zestimate®
    $297/sqft
    $1,943 Estimated rent

    Home value

    $534,800

    $508,000 - $562,000

    $1,943/mo

    Zestimate® history
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    What's special

    Walkout lower levelHot tubFenced outdoor spaceThree off-street parking spacesGranite countertopsTwo self-contained living levelsNew flooring downstairs
    Versatile Manitou Springs property offering two self-contained living levels with a proven short-term/AirBnb rental history and multiple ways to use the space. Ideal for an investor, house-hacking opportunity, or buyers seeking separate living areas for multigenerational needs. The City of Manitou Springs has indicated the property is eligible for approval of a new STR permit for a future owner, subject to city permitting. Each level features its own kitchen, laundry, two bedrooms, and 3/4 bath, allowing the spaces to function independently. The upper level includes an open living area, granite countertops, two bedrooms, and a private balcony with Garden of the Gods views. The walkout lower level offers a spacious living area, full kitchen, two additional bedrooms, laundry, fenced outdoor space, and hot tub. Lower-level furnishings are negotiable. Three off-street parking spaces provide added flexibility. Significant improvements include a new main breaker panel and wiring, updated bathrooms on both levels, mini-split heating/cooling system on both levels and new flooring downstairs. Located just off Highway 24 near downtown Manitou Springs, Garden of the Gods, Old Colorado City, and Colorado Springs. A unique opportunity for buyers seeking income potential, separate living spaces, or both.

    Zillow last checked:

    Listing updated:

    Listed by:

    Jessica Pero 719-714-2002,

    Redfin Corporation

    Bought with:

    Tulio Pena

    Keller Williams Partners

    Source: elevateMLS,MLS#: 9127942MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    Heating
    • Electric, Other
    Cooling
    • See Prop Desc Remarks
    Appliances
    • Included: Cooktop, Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Self Cleaning Oven, Washer
    • Laundry: Electric Hook-up
    Features
    • Basement: Full
    • Has fireplace: No
    • Fireplace features: None
    Interior area
    • Total structure area: 1,820
    • Total interior livable area: 1,820 sqft

    Property

    Lot
    • Size: 8,415 Square Feet
    Details
    • Parcel number: 7404317030

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Single Family Residence
    Materials
    • Alum/Vinyl/Steel, Frame
    • Roof: Metal
    Condition
    • Existing
    • New construction: No
    • Year built: 1963

    Utilities & green energy

    • Water: Municipal
    • Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected

    Community & HOA

    Location
    • Region: Manitou Springs

    Financial & listing details

    • Price per square foot: $297/sqft
    • Tax assessed value: $473,194
    • Annual tax amount: $2,190
    • Date on market: 8/21/2026
    • Listing terms: Cash,Conventional,FHA
    • Electric utility on property: Yes

    Price history

    DateEventPrice
    10/30/2026Sold$540,285+0.2%$297/sqft
    Source: elevateMLS #9127942 Report a problem
    8/25/2026Pending sale$539,000$296/sqft
    Source: elevateMLS #9127942 Report a problem
    8/12/2026Price change$539,000-1.8%$296/sqft
    Source: elevateMLS #2536115 Report a problem
    8/1/2026Price change$549,000-1.8%$302/sqft
    Source: elevateMLS #2536115 Report a problem
    7/7/2026Price change$559,000-5.3%$307/sqft
    Source: elevateMLS #2536115 Report a problem
    6/16/2026Price change$590,000-4.1%$324/sqft
    Source: elevateMLS #2536115 Report a problem
    6/1/2026Listed for sale$615,000+53.8%$338/sqft
    Source: elevateMLS #2536115 Report a problem
    6/5/2024Listing removed$400,000-10.7%$220/sqft
    Source: elevateMLS #3225732 Report a problem
    6/4/2021Sold$448,000+12%$246/sqft
    Source: Public Record Report a problem
    4/23/2021Listed for sale$400,000+50.9%$220/sqft
    Source: elevateMLS #3225732 Report a problem
    6/29/2016Sold$265,000-3.6%$146/sqft
    Source: Public Record Report a problem
    3/15/2016Listing removed$275,000$151/sqft
    Source: Manitou Springs Real Estate Report a problem
    1/14/2016Listed for sale$275,000$151/sqft
    Source: Manitou Springs Real Estate Report a problem
    11/23/2013Listing removed$800
    Source: Manitou Springs Real Estate #738602 Report a problem
    10/22/2013Listed for rent$800
    Source: Manitou Springs Real Estate #738602 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$2,190 +9.2%$33,360 -0.4%
    2024$2,006 +34.9%$33,510
    2023$1,487 -4.1%$33,510 +66.6%
    2022$1,551 $20,120 -2.8%
    2021-- $20,700 +3.2%
    2020$1,577 -5.8%$20,060
    2019$1,675 +22%$20,060 +13.7%
    2018$1,373 -11.6%$17,650
    2017$1,553 +13.1%$17,650 +1.6%
    2016$1,373 +87.3%$17,380
    2015$733 +24.6%$17,380 +8%
    2014$588 $16,090
    2013-- --
    2012-- --
    2011$681 --
    2010-- $15,980
    2009-- $15,980 +6%
    2008-- $15,070
    2006-- $15,070 +28.5%
    2004-- $11,730
    2003$988 +2.8%$11,730 -8.9%
    2002$961 +24.8%$12,870 +23.2%
    2001$770 $10,450
    Find assessor info on the county website

    Neighborhood: 80829

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Manitou Springs-14

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

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    Estimated market value

    $534,800

    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value

    $534,800