Lake Park Homes under $500,000

Welcome to Lake Park, a hidden gem nestled in the heart of Colorado Springs, Colorado. This vibrant neighborhood seamlessly blends the charm of suburban living with the convenience of city amenities. Known for its picturesque landscapes and friendly community, Lake Park is an ideal place for families, first-time homebuyers, and anyone looking to enjoy a relaxed lifestyle.

One of the standout features of Lake Park is its accessibility to outdoor recreation. Residents can take advantage of nearby parks, trails, and scenic lakes, perfect for hiking, biking, or simply enjoying a leisurely stroll. The area is also well-served by schools, shopping centers, and dining options, ensuring that everything you need is just a stone's throw away.

For those seeking affordable housing options, Lake Park offers a variety of homes priced under $500,000. Here, you'll find charming single-family homes, cozy townhouses, and well-maintained properties that cater to diverse tastes and budgets. Whether you’re looking for a starter home or a place to settle down, Lake Park’s real estate market has something for everyone.

With its welcoming atmosphere, beautiful surroundings, and affordable housing, Lake Park is more than just a neighborhood; it’s a community where you can build lasting memories. Discover what makes Lake Park a wonderful place to call home, and explore the opportunities waiting for you in this delightful part of Colorado Springs!

Newest Lake Park Homes under $500,000

$435,000

3 Beds ⋅ 2 Baths ⋅ 8884972 MLS

Welcome home to this beautifully updated 3-bedroom, 2-bathroom property situated on a corner lot near Memorial Park! From the moment you arrive, you’ll love the inviting front porch, perfect for enjoying your morning coffee or relaxing at the end of the day. Inside, you’ll find a fresh, modern feel with new paint and new flooring throughout. The updated kitchen features brand-new appliances, including a dishwasher, stove, microwave, and refrigerator. The basement has a brand new washer/dryer combo making this home truly move-in ready. The home also offers a 1-car garage and a convenient location close to Memorial Park, Downtown, shopping, dining, recreation, and all that Colorado Springs has to offer. With its charming curb appeal, thoughtful updates, and convenient location, this home is ready for its next chapter.

947 E Costilla St, Colorado Springs

$495,000

8994137 MLS

Three-unit investment property located near Memorial Park is ready for you! "Main House" has 2 bedrooms and 1 bath, "Long House" has 1 bedroom and 1 bathroom, "Cottage" has 1 bedroom and 1 bathroom. All units come with refrigerator, stove, washer, & dryer. Tenants are currently on month-to-month lease.

426 S Hancock Ave, Colorado Springs

$429,900

3 Beds ⋅ 3 Baths ⋅ 2473496 MLS

Main-Level Living, Nicely Updated...Charming 3-Bedroom 2-1/2 Bath Home With A Detached 4-Car Garage, Ideally Located On A Quiet, Tree-Lined Street Just Outside Of Historic Downtown Colorado Springs...Inside, You'll Find Hardwood Floors, High Ceilings, And An Oversized Living Room Featuring A Rustic Stone Fireplace And Elegant French Doors That Open To The Spacious Dining Room... The Bright Kitchen Offers New Granite Countertops, A Gas Range, Updated Stainless Steel Appliances, Timeless Tile Accents, And Luxury Vinyl Flooring...The Main-Level Bedroom Includes Hardwood Flooring And An Updated Bath With Vintage Charm...Upstairs, The Generous Primary Suite Features Hardwood Floors, Dual Closets, A Private Sitting Area, And An Attached Bath And Shower...An Additional Half Bath And Upper Level Guest Bedroom With Ample Storage Space Complete The Upper Level...Outside, Enjoy Outdoor Living And Relax On The Covered Front Porch Or The 25x17 Private Back Patio, Perfect For A BBQ With Family Or Friends...Additional Highlights Include A Versatile Four-Season Room On The Main Level, Ideal For A Home Office, Study, Or Hobby Space, Efficient Hot-Water Heat, A Basement With Exterior Access, An Enclosed Back Entry, R-2 Zoning, And A Detached 4-Car Garage (28x31) With Easy Alley Access...The Location Is Hard To Beat...Walk To The Neighborhood Coffee Shop Just A Block Away, Or Head To Memorial Park And Lake, Where You'll Find Open Green Spaces, Picnic Areas, Playgrounds, A Paved Trail, Fitness Stations, Fishing, Paddle Boarding, Swimming, And More. Downtown Is Just One Mile Away, Offering Restaurants, Breweries, Shopping, And Entertainment...Centrally Located This Lovely Home Is Full Of Character, With Easy Access To Ft. Carson, Schriever And Peterson Air Force Bases...This Move-In-Ready Home Is A Rare Opportunity You Won't Want To Miss!

1025 E Moreno Ave, Colorado Springs

$350,000

4 Beds ⋅ 2 Baths ⋅ 8258386 MLS

Located right by Memorial Park and Prospect Lake with R2 zoning and over 2,000 sqft, this is one you don’t see come up often in this area. This 4 bed, 2 bath home with a 2 car carport is in a prime location just minutes from the park and lake. Zoned R2 with over 2,000 sqft, which is hard to find in this area where most homes are smaller ranch style properties. The main level features original Douglas Fir hardwood floors and a spacious layout. The kitchen has been updated with newer cabinets, granite countertops, and a huge walk in pantry that still showcases the original woodwork. There is great storage throughout the home with multiple built in areas plus an unfinished basement for even more space. Washer and dryer are located downstairs as well. AC has already been added for comfort. Off the back of the home is a sunroom overlooking a fully fenced yard that offers a good amount of space to enjoy. The 2 car carport is accessed from the alley, making parking easy with plenty of additional room if needed. This home has a unique floorplan, solid square footage, and a location that is hard to beat.

511 S Hancock Ave, Colorado Springs

$349,900

3 Beds ⋅ 2 Baths ⋅ 6895759 MLS

OWNER MOTIVATED, SUBMIT YOUR HIGHEST AND BEST OFFER FOR CONSIDERATION! Welcome to a charming 1928 stucco bungalow in one of central Colorado Springs’ most inviting locations—just one block from Prospect Lake and Memorial Park. Step outside and enjoy easy access to scenic walking, jogging and biking trails, neighborhood green spaces, public transportation and nearby urban amenities. From the welcoming front porch, take in Front Range and Pikes Peak views, or unwind on the spacious backyard patio around the barbecue and fire pit. Inside, this 3-bedroom, 2-full-bath home offers 1,408 square feet of character and comfort, with hard wood floors on the main level, a refreshed kitchen and updated bathrooms. An oversized detached single-car garage with convenient alley access adds valuable room for storage, hobbies or a workshop. Blending timeless Colorado Springs charm with thoughtful updates and an exceptional Prospect Lake setting, this warm and inviting home makes it easy to enjoy both everyday comfort and the best of the neighborhood. Come experience this special location for yourself!

523 S Hancock Ave, Colorado Springs

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