Residential · Active

703 Platt Lane

Palmer Lake, CO 80133

5 Beds · 4 Baths · 3,805 Sq Ft

$980,000

Single Family

Property Type

1 acres

Lot Size

2001

Year Built

$258

Price per Sq Ft

4

Parking Spaces

8121847

MLS #

About This Property

Exceptional flexibility meets Palmer Lake living in this updated farmhouse ranch style home on a full acre—currently operating as a successful Airbnb and configured for multigenerational living. Tucked away with mountain views to the west, rock formations to the north and city lights to the east, the property offers two distinct living areas and room to spread out. The open main level is designed for everyday living and entertaining offering 3 bedrooms (one non conforming), an office, 3 baths and laundry right off the oversized garage . The large renovated kitchen opens directly to the great room, while large sliding doors bring in natural light and lead to an expansive Trex deck.

The main level offers three bedrooms, one non-conforming, plus an office currently used as an additional bedroom and a private primary suite. The finished walkout lower level adds exceptional versatility. A second kitchen, oversized secondary primary suite with zero-entry shower, two additional bedrooms and a large family/game room create comfortable space for extended family, guests or rental use. Warm rustic finishes and built-in shelving add character, and the lower level can be closed off from the main residence when desired.

Walkout access leads to the newly built oversized single-car garage, providing parking, workshop or storage space. Outside, enjoy coffee on the covered wraparound front porch, entertain on the back deck, or enjoy the lower patio and fenced backyard. Garden planters, a detached storage shed and an in-ground trampoline are just the beginning of what is possible in this outdoor space. Whether you're looking for a multigenerational home, an established short-term rental, a full-time residence with flexible guest space—or a combination of all three—this property offers options that are hard to find. Palmer Lake's trails, recreation, dining and small-town charm are all close by.

62 days on market

Listed by Suzanne Holland GRI & Kelly Anne Young GRI · The Platinum Group · 719-536-4444

Last updated: 9/10/2026 11:58 AM · Source: elevateMLS, MLS#: 8121847

Property Details

Key Details

Property Type Residential
Sub Type Single Family Residence
Status Active
Price per Sq Ft $258
MLS # 8121847
Days on Market 62
Bedrooms 5
Full Baths 2
Half Baths 1
Three-Quarter Baths 1

More Details

Above-Grade Sq Ft 2,087
Year Built 2001
Lot Size (Sq Ft) 43,560
Acres 1
HOA Fee $0
Annual Taxes $3,911
Tax Year 2025
State CO
County El Paso

Interior

Total Rooms 16
Interior Features 5-Pc Bath, Great Room
Heating Forced Air
Cooling Ceiling Fan(s), Central Air
Flooring Carpet, Ceramic Tile, Laminate
Fireplace Features Gas, Main Level, One
Appliances Cooktop, Dishwasher, Disposal, Double Oven, Dryer, Microwave, Refrigerator, Washer, Gas in Kitchen

Exterior & Parking

Total Parking 4
Parking Features Attached, Detached
Roof Composite Shingle

Building & Lot

Basement Full Basement, Walk Out
Lot Features Corner Lot, Cul-De-Sac
Construction Wood Siding, Frame
Sewer Sewer
Water Source Public
New Construction No

Terms & Other

Listing Terms Cash, Conventional, FHA, VA Loan

Location

Price History

DateEventPrice
9/10/2026 Listed for sale
Source: elevateMLS #8121847
$980,000 +40.0% $258/sqft
7/15/2020 Sold
Source: elevateMLS #8189582
$700,000 $184/sqft
6/12/2020 Listed for sale
Source: elevateMLS #8189582
$700,000 $184/sqft

The real estate listing information and related content displayed on this site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp.

Listing information last updated September 10, 2026 at 11:58 AM.

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