Downtown Colorado Springs
The Taylor at Greenway: Beautifully appointment apartments with high-end amenities
Courtland: Great location and offering 2 months free rent
Apex Apartment Homes: Offering 2 months free incentives with 12-18 month lease
Aura Crossroads: Current incentives
Creekside at Palmer Park
Upland Flats
Solace at Cimarron Hills
Contact us for more rental options and resources for your rental home search.
Let’s admit it – we got spoiled. The historically low interest rates of 2021 made buyers anxious to find a home, and homeowners dropping everything to refinance their higher-rate mortgages. Now, no one really wants to let go of these rates by selling their current home, only to start a new loan at least 4-5% higher. For instance, on a $500,000 home purchase at 2.5% mortgage interest rates, principle and interest is about $1,876 per month versus a 7% interest rate that puts the monthly payment at $3,160 per month. Plus, you still have property taxes and property insurance on top of that, which have been significantly increasing as well. That’s a big increase to the monthly mortgage payment, and simply not enough reason for homeowners to move. If you want to learn more about real estate transactions, this is a good explanation of a statement of adjustments from a lawyer.
When life drastically and suddenly changed for us all, many homeowners had to make a decision. Do I move or do I stay and improve my home? Those who took the 2nd option just a few years ago, and put money and time into making their home a place that would work for them long-term, are now not wanting to give it up. Whether they added on, renovated, or simply rearranged to make their home fit their lifestyle, it extended their time in their current house by meeting their needs. Plus, the money homeowners put into renovations may not necessarily be recouped in a sale of the home, so they might as well enjoy their recent updates!
Nationwide, homeowner insurance rates has surged in the last few years, and “the price of reinsurance nearly doubled between 2018 and 2023, and this cost was largely passed on to homeowners,” according to Realtor.com. Some stats show Colorado was one of the worst affected states, with nearly 49% increase from 2023 to 2024 (NyPost.com Feb 2024). Not to mention the cost of everyday goods, services, and entertainment that have left us scurrying to find recipes made without eggs and alternative entertainment that’s more affordable. We’re all feeling the pressure of inflation and the financial pinch which requires balancing our spending. Moving can be an expensive journey, especially when there are unplanned costs. Many homeowners are choosing the safe route of staying where they are, even if that means making other sacrifices.
If a new job opportunity comes up out-of-state and you want to give it a go for a year, you may not want to sell your Colorado home. As the market changes and homes in Colorado continue to appreciate in value, there’s a chance you might be priced out of the market and not able to afford to come back. In 2022, the median home price in Colorado was 51% higher than the national median home price (Cost of Living in Colorado, RamseySolutions.com)! That means the odds are you’ll be paying less to purchase a home elsewhere in the United States, but returning to purchase in Colorado might be undoable if your job doesn’t work out. So instead, people are choosing to rent their homes, keeping another home off-market as options for current home buyers.
Granted, every story is different and homeowners may have other reasons for holding onto their homes, but Colorado homeowners specifically have to consider these factors in their decision to put their home up for sale in the current real estate market.
Let’s start with a standard single family home, but this geodesic home is anything buy typical. The unique design alone catches the interest of many buyers online, with triangular shaped roof sections balanced with square window boxes and steep roof lines. Multiple exterior wood decks provide a lookout point to the vast open Colorado landscape surrounding it, with a variety of trees, rolling hills, and mountain views. But perhaps the most incredible aspect of this Cañon City, Colorado home is the meticulously crafted wood interior. It’s a true livable piece of art, so it’s no surprise that it’s been featured in the New York Times. Other perks of this magnificent property are additional garages and outbuildings, which sit on a 35 acre lot.
Located in Star Ranch, this historic property was the original homestead in the Royal Gorge, now a popular tourist area featuring the Royal Gorge Bridge and Park. The sprawling homestead was established in 1910, which includes a main house plus an additional cabin on the serene 48-acre property. In addition to multiple outbuildings there’s a chicken coop, livestock stables, and root cellar on the property as well. The character of the original home is still intact with with features such as original wood accents and walls, and original granite fireplace. It’s a perfect retreat setting as a second home or unique primary residence for those who love access to the outdoors, backing to BLM land with a remote location away from the city lights.
Extremely rare mixed-use property with tons of potential, located in the heart of downtown on Main Street! Formerly the popular breakfast and lunch spot, this large street level restaurant space is now available for sale. In addition to the main dining area, there are private meeting and dining spaces for events or large groups. It would make an ideal event space or venue with a full service kitchen and room for storing tables, chairs, and event staging areas. Next door is the former Two Scoops Ice Cream Shop with a separate entrance and separate utilities for a retail space or other commercial options. However, this unique property includes more than just commercial spaces. One the second floor, you’ll find two rented apartments which can provide the new property owner with immediate income and cash flow. Finally, an unfinished 3rd space that was intended for two luxury residential lofts. It’s a lot of square footage, but you’ll be shocked by the low price.
Think of the Berkshire Hathaway Rocky Mountain Realtors PeakDream newsletter as a “Special Membership” to our little club. You’ll get updates about the real estate market and local statistics, but it’s also a valuable tool for homeowner tips and advice, changes and news about Southern Colorado, plus your exclusive invites to events and mixers at our offices. We promise to keep it brief and stick to bi-monthly newsletters so we won’t flood your inbox with useless data. And remember, we curate and create this content for you, so please reach out any time if there’s something you want to know more about or topics you’re interested in – we’ll do the legwork, you just sit back and enjoy the content!
Location: Dublin Manor Condos, 1117 Willow Bend Cir, #4, Colorado Springs, CO 80918 El Paso County
Auction-Reserve Sale: Reserve Price $230,000. Worldbid Auction December 7th 2023 Noon via sealed bid. Pre-Auction offers are accepted with any contingencies up to November 27th 2023 Noon Mountain Time. Auction day bids are non-contingent. If you submit a Pre Auction offer, seller will provide buyer a credit of $5,000 at close of escrow, if buyer submits Pre Auction offer no later than November 27th 2023 and buyer ‘s offer is accepted by the seller and buyer closes escrow no later than November 27th 2023. No exceptions to the date deadlines will be allowed. A 3% buyer’s premium must be added to your offer. Auction day bidding, Buyer’s may obtain financing, though is not a contingency. Proof of funds to close, approval letter, a $3,000 registration deposit is required with your auction day bid. You may conduct your inspections anytime.
Additional Auction Info: https://premiereestates.com/1117-willow-bend-circle-unit-b-colorado-springs-co-80918/
Property Info: https://www.peakdream.com/homes-for-sale-details/1117-WILLOW-BEND-CIRCLE-B-COLORADO-SPRINGS-CO-80918/3515125/68/
Contact the Listing Agent: https://www.peakdream.com/agent-detail/Toby-Lorenc/123657/
Three tiny homes, labeled as the Industrial Hotel, were created from shipping containers and recycled materials. Now, they are for sale in Colorado as well as the 0.5 acres of land where they sit.
When these Colorado developers set out to create a solution for affordable housing in Colorado, little did they know where it would lead. They created these extremely unique tiny homes, made from shipping containers and recycled materials from various sites throughout the state, like the historic Florence High School.
You’ll find innovate and sustainable finishes while still providing modern conveniences. Metal first aide boxes / fire blanket boxes recovered from Florence High School are now medicine cabinets in the tiny house bathroom. Some of the trim, ceiling boards, and walls are collections of rescued and repurposed barn wood from a Main Street building in Cañon City, Colorado. Even the interior décor highlights the best of mid-century modern design with eye-catching pieces like salvaged private jet seats.
Whether you’re looking for an investment opportunity to continue VRBO rentals, or a multi-family living arrangement, the Industrial Hotel will provide and conversation piece and continue to get national media.
For more information on these container homes, please contact Wayne Jennings at Berkshire Hathaway HomeServices Rocky Mountain REALTORS® and reference MLS # 67137.
The process of selling your home doesn’t have to put your health at risk! We can easily do a majority of necessary activities virtually to get your home sold and you moving to the next phase in life.
Virtual Listing Appointment
We’re set up across multiple systems to help talk you through the process of selling. Whether it’s a quick phone call or a virtually meeting on Zoom, we are here to answer all your questions about selling your Colorado home.
Virtual Open Houses and Showings
As a full service real estate company, we have secured and contracted technology partners that allow us to show your home to potential buyers without putting them or you at risk. From virtual video walk throughs to step-by-step self guided virtual tours with ability to see 360 degrees in any room, we will help coordinate safe and efficient alternatives to traditional old school marketing techniques like open houses.
Virtual Walk-Through and Prep with Social Distancing
You’ll still get our professional advice and recommendations about things to do before listing your home. A virtual walk through will help us indentify and define what needs to be done to make your home the most marketable.
Virtual Meetings, Electronic Negotiations, Contracts and Signatures
Whether you’re across town or across the world, our real estate specific technology for sending, signing, and presenting contracts is easy-to-use software that requires no downloads or additional software. It can be used on any device including laptops, desktops, tablets and smart phones. You’ll have our full dedication to helping you understand all contracts and offers, plus the same diligence in getting you the best price for your home.
Virtual Closing
Our partners at title companies and mortgage lenders allow us to keep final paperwork organized and efficient with electronic signatures, and virtual closing exceptions which can allow for authorization of video notary depending on circumstances. We’re also able to email the final paperwork which often only requires a notary on a few pages, then we make it easy with a printable return label to overnight your completed paperwork.
1003 E Boulder St, Colorado Springs, CO 80903 A charming historic home near downtown Colorado Springs has been in the same family for 83 years, three generations in the family. When they purchased it in 1937, it was being used as a boarding house and over the years they crafted it to meet their family’s needs. As Colorado Springs grew rapidly in the mid 1900’s, there was need for additional housing with the influx of soldiers at the local army base. This unique home on Boulder St is just a mile from the heart of downtown and was a perfect location for a rental property. So, the owners closed of the upstairs from the inside of the home and created an exterior entrance to the 3 bedrooms, full kitchen and bathroom on the upper level to use it as a rental. Throughout the years, they’ve kept the original character and charm by maintaining and preserving this unique property, which still has most of the original hardware, wood trim, solid wood pocket doors, and hardwood flooring. | MLS # 6031664, 3258 sq ft. Listed at $650,000 http://1003-e-boulder-street.htour4u.com/
111 Church Ave, Florence, CO 81226 Located in Fremont County, this building has some significant history in the City of Florence (known as the Antique Capital of Colorado), but more significant is the site it’s located. Before this building was constructed in 1960, the area was a railroad freight yard and interchange for trains for the Florence & Cripple Creek Railroad. After changing hands in ownership, the current building was built as a Safeway grocery store which closed in the 1980’s. The property now houses a large antique store (Willie’s Antiques and Collectables) which also has an attached residence in the back of the store. The residential suite allows the owners to work and live in the same location, and includes a nicely appointed condo with all the amenities like granite countertops and wood floors, in-unit washer and dryer, and a covered porch outside. It’s a prime location for retail, at the end of Main Street right along a popular highway that connects the larger Canon City to Florence. | MLS # 5547826, 8007 sq ft. Listed at $799,500 http://111-church-avenue.htour4u.com/
122 E Main Street, Florence, CO 81226 This work-live concept is a great opportunity to have a prime location for your store or business, plus zero commute to work and the opportunity to live on Main Street in downtown. Located within steps of excellent local restaurants, antique stores, coffee shops and even a bowling alley. The loft above includes 2 bedrooms and 2 bathrooms and about 1200 sq ft of living space, similar to the retail space below. Plus, there’s some great history in this building from 1895, which can be found by contacting the local historic society at the Florence Pioneer Museum and Research Center. You can even have your friend open their business next door and be neighbors, as 124 E Main St is also on the market. | MLS # 1542045, 2580 sq ft. Listed at $430,000 http://122-e-main-street.htour4u.com/
1232 County Road 143, Canon City, CO 81212 Ask a local Fremont County resident and most will remember the Shadow Hills Golf Course. Once a community meeting place and destination for an afternoon in the sunshine playing golf and drinks at the clubhouse, this former golf course is now for sale. Despite the empty pool and overgrown course, there are still signs of the memories and reminders of the opportunity in such an investment. The game room and bar still host pool and ping pong tables, with many of the commercial furnishings still on-site. Plus, the mountain views off the balcony and through the large picture windows in the 10,000 square foot club house keeps investors dreaming about what to do with the 197-acre property. Perhaps a future home community or keeping the grounds commercial as an event center? The location is ideal for easy access to recreation and popular destinations like the City of Florence (known as the Antique Capital of Colorado), and some of the top tourist attractions like Royal Gorge Bridge and Park. There are some many options for how to use this property in the future, but locals will never forget the great memories here. | MLS # 63952 Listed at $2,800,000 https://www.peakdream.com/homes-for-sale-details/1232-CR-143-CANON-CITY-CO-81212/63952/468/
1310 E Columbia captures the character and charm of Golf Club Acres neighborhood, blended with convenience to prime Colorado Springs hotspots.
Complete with 4 bedrooms, 2 bathrooms and 1752 square feet of living space this 1953 home sits on a flat usable lot just blocks from Patty Jewett Golf Course. Plus, the 2+ car heated garage is perfect for all your toys and even room for a large workshop, motorcycles or storage.
Relax in the fully fenced backyard, ideal for enjoying Colorado nights around a firepit or lounging in the sunshine during the warm days. This house will be the best option when it comes to summer barbecues, with easy access to the kitchen right off the large deck.
Inside, thoughtful updates have been made to the areas you live in most: a newly renovated kitchen with stainless steel appliances, granite countertops, and hardwood flooring. Enjoy the air conditioning throughout the home, and an upgraded main level bathroom. Cruise around on the original hardwood flooring as you make your way through to the basement. Brand new carpet throughout the lower level and a perfect space for guests which includes a bedroom, bathroom, living area and kitchenette.
Upgrades and amenities both inside and out will make this your spot, but perhaps the best part is the spot on the map. Located just blocks from Patty Jewett Golf Course and easy access to plenty of recreation in parks like Palmer Park and trails for biking and fitness. You can easily jump into Downtown Colorado Springs for a night out of entertainment, or hit up your favorite restaurants just around the corner like historic BJ’s Velvet Freeze and Leon Gessi Pizza.
See all the photos and more at https://www.peakdream.com/homes-for-sale-details/1310-E-COLUMBIA-STREET-COLORADO-SPRINGS-CO-80909/2533474/68/
Listed by Toby Lorenc Berkshire Hathaway HomeServices Rocky Mountain Realtors. Pikes Peak MLS # 2533474
You’ll feel like you’re on vacation everyday on this gorgeous Colorado property. The 4,501 square foot home provides all the necessities and more with 5 bedrooms, 5 bathrooms, plus bonus areas for all your hobbies and entertaining needs.
But it doesn’t stop there – the property gives you room to grow and space for any particular interest or hobby. Not only do you get a wonderful, open spread of land with mountain views, the horse barn includes 3 stalls and was recently built to provide comfort and luxury to your treasured horses. From 220V electrical to individually plumbed stalls, hot water and insulation for a comfortable climate. Above the barn, a large finished space is the ideal solution for a business or workshop. The bright open loft creates a creative space for artists, or simply a bonus room as a mancave.
Impress your guests with custom oak hardwood floors, cherry cabinets and a custom gourmet kitchen. Whether you’re hosting a wedding party or simply a relaxing retreat in the moderate Colorado climate you’ll find the space inviting and versatile. Relax on the patio and enjoy mountain views, plus walk into value with the water rights transferred with the property.
Pursue your dreams in the extra spaces, catered to home-based business or artist haven. Everything you need just steps away from the main home to help you focus and complete your goals. The heated and well-appointed studio lets you explore your passions in a private and secluded space. Whether you’re looking for a woodworking shop or an ideal bright and open space to paint the incredible views, you’re right at home…literally.
Whether you choose to live on property, or make it a pure income-generating gathering place for families, events and vacations this ranch gives you flexibility and opportunity. The additional cabin in the woods will serve many purposes, plus the acreage is open for your creative spin.
Multiple patios and versatile landscape provide guests the serene setting to unwind and relax. We won’t tell you what to do with it, but it’s pretty easy to figure out the unlimited options with this intriguing setting. Entertain loved ones or make a true goldmine with the widespread interest in VRBO and AirBnB travelers.
You can’t experience this gem until you see it in person, so book an appointment today for a private personal tour and start imagining the possibilities. Just click on the Schedule a Showing button and we’ll do the rest.
232 E Main St Florence, CO 81226
417 Main Street, Cañon City, CO 81212
(719) 325-4268
