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For sale
  • Price cut: $20K (7/7)
    $1,720,000

    5540 Parapet Ct, Colorado Springs, CO 80918

    6beds
    7,068sqft
    : 
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    Single Family Residence
    Built in 1991
    0.79 Acres Lot
    $-- Zestimate®
    $243/sqft
    $3/mo HOA

    What's special

    Fenced areaLarge private lotOversized attached three-car garageGrand foyerCovered seating areaNew front deckingTwo laundry areas
    Extraordinary property. MULTI GENERATIONAL HOME! Custom-built private sanctuary, perfectly situated on a large, private lot offering exceptional luxury, privacy, and breathtaking city and mountain views. This completely professionally remodeled and updated home is a rare opportunity for elegant living with incredible multi-generational potential. Professionally landscaped front, back, and side yards create a stunning outdoor setting, complete with new front decking, a fenced area, a spacious 20x12 second patio, and an oversized attached three-car garage. The backyard features a private staircase with direct access to the Sunset Mesa trails, allowing you to enjoy gorgeous panoramic views of Colorado Springs and the surrounding mountains right from your own property. Inside, a grand foyer welcomes you into a thoughtfully designed floor plan featuring a spacious home office suitable for two. The gourmet kitchen is truly a chef’s dream, showcasing custom cabinetry, quartz countertops, a built-in double refrigerator, an eight-burner gas stove, a large center island, and a wine refrigerator. The adjacent dining area features a beautiful bay window overlooking the backyard and offers seamless access to outdoor entertaining with two walkouts—one leading to a covered seating area and the other to the garage entry. The main-level mudroom includes one of two laundry areas, custom tile flooring, and a convenient half bath. The formal living room is warm and inviting with a cozy gas fireplace and two additional walkouts for effortless indoor-outdoor living. The luxurious primary suite offers a private sitting area with one of six fireplaces, a large walk-in closet, a spa-inspired shower, and private outdoor access. Two additional bedrooms and a full bath complete the main level. Upstairs, a bright and versatile flex space offers abundant natural light, generous storage, and a gas fireplace, along with a private bedroom and adjoining 3/4 bath—perfect for guests or extended family. The lower level is ideal for multi-generational living, featuring its own private entrance, full kitchen, laundry room, seating area, inviting fireplace, and a tranquil five-piece bath. Additional living space, another full bath, and an additional bedroom provide even more flexibility. Behind a concealed bookcase door, discover a private theater room, or relax and rejuvenate in your own infrared sauna. With two kitchens, two laundry areas, six fireplaces (three gas and three electric), abundant living space, and unmatched privacy throughout, this home offers a truly exceptional lifestyle. Conveniently located near Norwood Recreation Center, residents enjoy access to amenities including a pool, tennis courts, and outdoor grilling areas.
    152 days
    |
    377
    |
    13
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Dawn Haisley CRS 719-351-5821,

    REMAX PROPERTIES

    Source: elevateMLS,MLS#: 8477977MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 6
      • Bathrooms: 6
      • Full bathrooms: 3
      • 3/4 bathrooms: 2
      • 1/2 bathrooms: 1
      Other
      • Level: Main
      • Area: 667 Square Feet
      • Dimensions: 23 x 29
      Heating
      • Forced Air
      Cooling
      • Central Air
      Appliances
      • Included: 220v in Kitchen, Dishwasher, Disposal, Double Oven, Dryer, Gas in Kitchen, Exhaust Fan, Microwave, Other, Refrigerator, Washer
      • Laundry: In Basement, Main Level
      Features
      • 5-Pc Bath, French Doors, Great Room, Other, See Prop Desc Remarks, Breakfast Bar, Sauna, Secondary Suite w/in Home
      • Flooring: Carpet, Ceramic Tile, Wood Laminate
      • Windows: Window Coverings
      • Basement: Finished
      • Has fireplace: Yes
      • Fireplace features: Basement, Electric, Gas
      Interior area
      • Total structure area: 7,068
      • Total interior livable area: 7,068 sqft
      • Finished area above ground: 4,370
      • Finished area below ground: 2,698
      Video & virtual tour

      Property

      Parking
      • Total spaces: 3
      • Parking features: Attached, Garage Door Opener, Oversized, Concrete Driveway
      • Attached garage spaces: 3
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Concrete, Covered
      Lot
      • Size: 0.79 Acres
      • Features: Backs to Open Space, Cul-De-Sac, Hiking Trail, Near Schools, Near Shopping Center, Landscaped
      Details
      • Parcel number: 6314311043
      • Other equipment: Home Theater

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Stucco, Framed on Lot
      • Foundation: Walk Out
      • Roof: Tile
      Condition
      • Existing Home
      • New construction: No
      • Year built: 1991

      Utilities & green energy

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

      Community & HOA

      HOA
      • Has HOA: Yes
      • HOA fee: $40 annually
      Location
      • Region: Colorado Springs

      Financial & listing details

      • Price per square foot: $243/sqft
      • Tax assessed value: $995,442
      • Annual tax amount: $3,453
      • Date on market: 2/16/2026
      • Listing terms: Cash,Conventional,VA Loan
      • Electric utility on property: Yes

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        7/7/2026Price change$1,720,000-1.1%$243/sqft
        Source: elevateMLS #8477977 Report a problem
        4/27/2026Price change$1,740,000-2.8%$246/sqft
        Source: elevateMLS #8477977 Report a problem
        3/23/2026Price change$1,790,000-3.2%$253/sqft
        Source: elevateMLS #8477977 Report a problem
        2/16/2026Listed for sale$1,850,000+94.7%$262/sqft
        Source: elevateMLS #8477977 Report a problem
        7/17/2024Listing removed$950,000+3.3%$134/sqft
        Source: elevateMLS #7830420 Report a problem
        7/19/2021Sold$920,000-3.2%$130/sqft
        Source: Public Record Report a problem
        6/6/2021Contingent$950,000$134/sqft
        Source: elevateMLS #7830420 Report a problem
        5/14/2021Listed for sale$950,000$134/sqft
        Source: elevateMLS #7830420 Report a problem
        1/2/2021Listing removed--
        Source: HomeSmart Report a problem
        7/7/2020Listed for sale$950,000+61.3%$134/sqft
        Source: Homesmart Realty Group #7238111 Report a problem
        6/3/2005Sold$589,000$83/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$3,318 +7.3%$66,690
        2023$3,092 -7.8%$66,690 +20.7%
        2022$3,354 $55,260 -2.8%
        2021-- $56,840 -1.1%
        2020$3,698 +0.5%$57,500 +5.5%
        2019$3,678 +12.3%$54,480 +15.6%
        2018$3,275 -5.3%$47,120
        2017$3,457 +5.6%$47,120 -3.7%
        2016$3,275 +15.5%$48,910
        2015$2,835 +4%$48,910 +8%
        2014$2,725 $45,290
        2013-- --
        2012-- $45,290
        2011$3,155 $45,290 -6%
        2010-- $48,180
        2009-- $48,180
        2008-- $48,180
        2006-- $48,180 +18.5%
        2004-- $40,660
        2003$2,812 +1.6%$40,660 -6.2%
        2002$2,766 -13.9%$43,330 -8.3%
        2001$3,214 $47,240
        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.
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        Climate risks

        Neighborhood: Northeast Colorado Springs

        Getting around

        8 / 100
        Car-Dependent
        0 / 100
        No Nearby Transit
        6 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: Colorado Springs 11

        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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