505 PENROSE Boulevard, Colorado Springs, CO 80906

• 3 beds |
• 3 baths |
• 1,543 sqft

Property Description

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.

Listing Status:

Active

Data Last Updated:

July 5, 2026 at 3:16AM

Listing Office:

Wahlen Properties : 303-882-0996

Listing Agent:

Charles Wahlen : (303) 882-0996

MLS ID:

3799803

Interior

• Appliances: Cook TopRangeRefrigerator
• A/C: Central Air
• Heating: Forced AirNatural Gas

Exterior

• General: Storage Shed
• Other Structures: Storage Shed
• Parking: Parking spaces: 0

Construction

• Roofing: Composite Shingle

Location

• HOA Amenities: 0.0Not Applicable
• Originating MLS: Pikes Peak REALTOR® Services
• School District: Cheyenne Mtn-12
• County: El Paso

Lot

• Zoning: 7502101004

Utilities

• Utilities: Cable ConnectedElectricity ConnectedNatural Gas Connected
• Water: Assoc/Distr
• Sewer: Septic

Financial

• Source: Pikes Peak REALTOR® Services