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Foreclosure
    • $895,000

    505 Penrose Blvd, Colorado Springs, CO 80906

    3beds
    2,274sqft
    Single Family Residence
    Built in 1956
    0.95 Acres Lot
    $-- Zestimate®
    $394/sqft
    $-- HOA

    What's special

    Mature treesSpectacular golf course viewsNearly one acre
    An exceptional opportunity to build your dream home in one of Colorado Springs’ most prestigious neighborhoods. Situated on nearly one acre directly overlooking the Broadmoor Golf Club, this rare homesite offers spectacular golf course views, mature trees, privacy, and an unmatched setting just minutes from The Broadmoor Resort. The existing residence is ready for renovation or redevelopment, allowing the next owner to create a custom luxury home designed specifically for this incredible location. With an existing water tap and septic/leach field already in place, if you want to build new much of the groundwork has already been established, and if you just want to renovate, you can move in and have an exceptional lot and home quickly! Whether you’re a custom home builder, investor, or buyer searching for one of the last premier building sites in the Broadmoor area, this property presents an extraordinary opportunity to create a legacy home in one of Colorado’s most sought-after communities. Bank-owned property with the ability to close quickly. Seller financing may be available for qualified buyers.
    112 days
    |
    766
    |
    23
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Charles Wahlen 303-882-0996,

    Wahlen Properties

    Source: elevateMLS,MLS#: 3799803MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 3
      • Full bathrooms: 1
      • 3/4 bathrooms: 2
      Heating
      • Forced Air, Natural Gas
      Cooling
      • Central Air
      Appliances
      • Included: Cooktop, Range, Refrigerator
      Features
      • Has basement: No
      Interior area
      • Total structure area: 2,274
      • Total interior livable area: 2,274 sqft
      • Finished area above ground: 2,274
      • Finished area below ground: 0

      Property

      Parking
      • Parking features: No Garage
      Features
      • Levels: Tri-Level
      • Has view: Yes
      • View description: Golf Course
      Lot
      • Size: 0.95 Acres
      • Features: On Golf Course, Sloped, Wooded, No Landscaping
      Details
      • Additional structures: Storage
      • Parcel number: 7502101004
      • Special conditions: Real Estate Owned

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Stucco, Frame
      • Foundation: Slab
      • Roof: Composite Shingle
      Condition
      • Existing Home
      • New construction: No
      • Year built: 1956

      Utilities & green energy

      • Water: Assoc/Distr
      • Utilities for property: Cable Connected, Electricity Connected, Natural Gas Connected

      Community & HOA

      Location
      • Region: Colorado Springs

      Financial & listing details

      • Price per square foot: $394/sqft
      • Tax assessed value: $911,508
      • Annual tax amount: $4,125
      • Date on market: 4/1/2026
      • Listing terms: Cash,Conventional,Other,Owner Will Carry
      • Electric utility on property: Yes

        Foreclosure details

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        11/5/2025Listing removed$899,000$395/sqft
        Source: elevateMLS #7312970 Report a problem
        10/5/2025Price change$899,000-2.8%$395/sqft
        Source: elevateMLS #7312970 Report a problem
        9/22/2025Listed for sale$925,000-5.1%$407/sqft
        Source: elevateMLS #7312970 Report a problem
        9/1/2025Listing removed$975,000$429/sqft
        Source: elevateMLS #8381454 Report a problem
        6/27/2025Price change$975,000-4.9%$429/sqft
        Source: elevateMLS #8381454 Report a problem
        5/28/2025Price change$1,025,000-6.8%$451/sqft
        Source: elevateMLS #8381454 Report a problem
        4/18/2025Listed for sale$1,100,000$484/sqft
        Source: elevateMLS #8381454 Report a problem
        4/2/2025Listing removed$1,100,000$484/sqft
        Source: elevateMLS #8381454 Report a problem
        2/28/2025Listed for sale$1,100,000$484/sqft
        Source: elevateMLS #8381454 Report a problem
        2/25/2025Contingent$1,100,000$484/sqft
        Source: elevateMLS #8381454 Report a problem
        1/31/2025Price change$1,100,000-4.3%$484/sqft
        Source: elevateMLS #8381454 Report a problem
        1/15/2025Price change$1,150,000-4.2%$506/sqft
        Source: elevateMLS #8381454 Report a problem
        1/8/2025Listed for sale$1,200,000+140%$528/sqft
        Source: elevateMLS #8381454 Report a problem
        10/19/2017Sold$500,000-9.9%$220/sqft
        Source: Public Record Report a problem
        7/8/2017Price change$555,000-1.8%$244/sqft
        Source: RE/MAX Properties Inc #2566133 Report a problem
        4/1/2017Price change$565,000-4.2%$248/sqft
        Source: RE/MAX Properties, Inc. #2566133 Report a problem
        11/15/2016Listed for sale$589,500-0.9%$259/sqft
        Source: RE/MAX Properties, Inc. #2566133 Report a problem
        8/24/2016Listing removed$595,000$262/sqft
        Source: RE/MAX Properties, Inc. #5764346 Report a problem
        6/30/2016Price change$595,000-3.3%$262/sqft
        Source: RE/MAX PROPERTIES, INC #5764346 Report a problem
        3/17/2016Price change$615,500-3.1%$271/sqft
        Source: RE/MAX Properties, Inc. #5764346 Report a problem
        12/18/2015Price change$635,000-2.3%$279/sqft
        Source: RE/MAX Properties, Inc. #5764346 Report a problem
        8/5/2015Price change$650,000-3.7%$286/sqft
        Source: RE/MAX Properties, Inc. #5764346 Report a problem
        7/8/2015Listed for sale$675,000$297/sqft
        Source: RE/MAX PROPERTIES, INC #5764346 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$4,125 +5.9%$61,070
        2023$3,896 -5.2%$61,070 +13.9%
        2022$4,108 $53,640 -2.8%
        2021-- $55,180 +7.7%
        2020$3,907 +1.1%$51,230
        2019$3,865 +6.2%$51,230 +7.6%
        2018$3,640 -0.4%$47,590
        2017$3,654 +0.4%$47,590 -3.4%
        2016$3,640 +18.1%$49,280
        2015$3,082 +6.1%$49,280 +5%
        2014$2,904 $46,940
        2013-- --
        2012-- $47,900
        2011$3,102 $47,900 +0%
        2010-- $47,890
        2009-- $47,890 +6%
        2008-- $45,180
        2006-- $45,180 +34.5%
        2004-- $33,580
        2003$2,405 -20%$33,580 -0.7%
        2002$3,007 +0.8%$33,820 +6.6%
        2001$2,982 $31,730
        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment$1,822
        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.
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        Climate risks

        Neighborhood: Broadmoor

        Getting around

        6 / 100
        Car-Dependent
        13 / 100
        Minimal Transit
        13 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: Cheyenne Mtn-12

        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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