Timeless architectureModern designUpscale finishesStylish second office
Exceptional Value in Castle Pines Village
A rare opportunity to own a beautifully finished ranch-style home in Castle Pines Village at an exceptional new price.
With approximately 4,300 finished square feet, 5 bedrooms, 4 baths, a 3-car garage and a finished walkout basement, 5074 Covelo Drive offers the space, flexibility and newer construction that can be difficult to find at this price point in the Village.
Built in 2014, this thoughtfully designed home combines the ease of main-level living with an expansive lower level, creating room for everyday life, entertaining, guests, work and recreation.
Step inside to an open, inviting floor plan filled with natural light and designed for the way people live today. The main level offers comfortable, connected living spaces and the convenience of ranch-style living, while the finished walkout basement dramatically expands the home's usable space.
With five bedrooms, there is flexibility for family, guests, home offices, fitness space or hobbies without sacrificing the rooms you use every day.
Outside, enjoy Colorado living from a home located within the distinctive setting of Castle Pines Village, with walkable access to the community, amenities and lifestyle that make this one of the area's most sought-after neighborhoods.
Why this home stands out
• Approximately 4,300 finished square feet
• 5 bedrooms and 4 bathrooms
• Desirable ranch-style floor plan
• Finished walkout basement
• 3-car garage
• Built in 2014
• Flexible spaces for guests, work, fitness and recreation with lots of upgrades
• Castle Pines Village location
• Newly repositioned at an exceptional value
If you've been waiting for the right combination of space, newer construction, main-level living and value in Castle Pines Village, this is a home worth seeing in person.
More home. More flexibility. An exceptional opportunity in Castle Pines Village.
Utilities for property: Electricity Connected, Natural Gas Connected
Community & HOA
Community
Subdivision: Castle Pines Village
HOA
Has HOA: Yes
Amenities included: Gated, Golf Course, Pool, Tennis Court(s)
Services included: Maintenance Grounds
HOA fee: $300 monthly
HOA name: Castle Pines Village
HOA phone: 303-814-1345
Second HOA fee: $200 monthly
Second HOA name: Village Lake
Second HOA phone: 303-980-0700
Location
Region: Castle Rock
Financial & listing details
Price per square foot: $268/sqft
Tax assessed value: $1,115,480
Annual tax amount: $6,770
Date on market: 2/10/2026
Listing terms: Cash,Conventional,Jumbo,VA Loan
Exclusions: Seller's Personal Property, Washer And Dryer, Curtain Rods And Valances And Garage Cabinets, Hanging Light Fixtures In Main Level Bedrooms.
Ownership: Individual
Electric utility on property: Yes
Road surface type: Paved
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
Date
Event
Price
8/22/2026
Price change
$1,274,900-3.7%$268/sqft
Source: REcolorado as distributed by MLS GRID #2237542Report a problem
7/17/2026
Price change
$1,324,000-1.9%$278/sqft
Source: REcolorado as distributed by MLS GRID #2237542Report a problem
5/16/2026
Price change
$1,349,000-1.9%$283/sqft
Source: REcolorado as distributed by MLS GRID #2237542Report a problem
2/10/2026
Listed for sale
$1,375,000$289/sqft
Source: REcolorado as distributed by MLS GRID #2237542Report a problem
12/29/2025
Listing removed
$1,375,000$289/sqft
Source: REcolorado as distributed by MLS GRID #2237542Report a problem
10/11/2025
Listed for sale
$1,375,000+134.3%$289/sqft
Source: REcolorado as distributed by MLS GRID #2237542Report a problem
Source: REcolorado as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.