Land for sale in Penrose, Colorado. Almost 7 acres of beautiful pasture planted in grass and alfalfa, the land is corrugated and fully fenced. This property is perfect for building your dream home while having several acres for your horses or livestock. Seven shares of water rights with the Beaver Park Irrigation Company, along with the irrigation pipe, are included with the purchase price. There are stunning mountain views of the of the Wet Mountains and the Greenhorn Peak, with distant views of the Sangre de Christo Range and the summit of Pike's Peak. The property has easy access to Penrose Public Water and power with the Blackhills Energy Company. The property is located not far from the Highway 115 and Highway 50 corridors, with easy access to Colorado Springs, Canon City and Pueblo.