Prospect Lake Homes for Sale

Welcome to Prospect Lake, a hidden gem nestled in the heart of Colorado Springs, Colorado. This charming neighborhood is renowned for its picturesque views, serene atmosphere, and strong sense of community. Surrounded by the stunning backdrop of the Rocky Mountains, Prospect Lake offers residents the perfect blend of outdoor adventure and suburban tranquility.

The neighborhood is named after the beautiful Prospect Lake, a popular destination for fishing, picnicking, and leisurely strolls along the scenic paths that encircle the water. Families and nature enthusiasts alike are drawn to the area’s abundant parks and recreational opportunities, making it an ideal place for those who cherish an active lifestyle. The nearby hiking and biking trails offer breathtaking views and a chance to connect with nature, while the local community events foster a warm and welcoming atmosphere.

As for homes for sale in Prospect Lake, you’ll find a variety of options that cater to diverse tastes and budgets. From charming single-family homes with spacious yards to modern townhouses, the real estate offerings in this neighborhood provide something for everyone. Many properties boast stunning views of the lake or the mountains, creating a serene backdrop for your everyday life. With easy access to local amenities, schools, and shopping, Prospect Lake is not just a place to live; it’s a place to thrive.

Whether you're a first-time homebuyer or looking to settle into a peaceful community, Prospect Lake invites you to explore its homes for sale and discover the lifestyle that awaits you in this enchanting neighborhood. Come and experience the charm of Prospect Lake; your dream home is just around the corner!

Newest Prospect Lake Homes for Sale

$410,000

4 Beds ⋅ 2 Baths ⋅ 7713050 MLS

Beautifully remodeled ranch-style home featuring 4 bedrooms, 2 bathrooms, and 1,644 finished square feet. Updates include new flooring, new carpet, fresh interior paint, and new kitchen appliances, including the range and refrigerator. The finished basement provides additional living space and flexibility. Situated on an approximately 0.3-acre lot with a terrace patio, this home is conveniently located about 0.3 miles from Memorial Park and its lake, with easy access to outdoor recreation and nearby amenities. Move-in ready and thoughtfully updated throughout.

716 S Sheridan Ave, Colorado Springs

$549,900

3 Beds ⋅ 4 Baths ⋅ 2075728 MLS

Beautifully maintained luxury stucco, low maintenance home built in 2000 - offering a modern design, abundant natural light, and exceptional flexibility. With 3,048 finished square feet this home provides immediate luxury and comfort. The open-concept main level is filled with natural light from expansive windows and features a spacious living area centered around a cozy gas fireplace. This home has a separate dining area for larger gatherings. The kitchen is designed for entertaining-complete with tile and granite countertops, arge island with grill, ample custom cabinetry, and a custom made pantry. Enjoy the newer frig, trash compactor, dishwasher, double ovens, and microwave. Dedicated master bedroom suite on the main floor. The oversized primary luxury suite offers a peaceful retreat with 4 closets and two separate, spacious en suite baths. The first bath has a separate shower, jetted tub and upgraded custom cabinetry with designer sink. The second bath comes with a walk in tub, custom cabinetry and designer sink. The master bedroom includes remote control designer blinds, gas log fireplace, in room a/c unit, dimmer lighting and ceiling fan. Home comes fully air conditioned, with washer and dryer in the separate laundry room. This home boasts a three car tandem garage, shelving and storage - with an additional 3 car attached carport. Enjoy outdoor living with a private patio complete with a fire pit and covered pergola, ideal for grilling and relaxing, along with convenient sun room access. Located just steps away from Memorial Park Lake-indulge in fishing, boating, kayaking, paddle boarding, playgrounds. This home combines comfort, functionality, and an ideal setting for everyday living and entertaining for any event. Situated in a desirable lake community with easy access to local amenities and annual events. This home is a rare opportunity to own a luxury light-filled property with room to just kick back and relax - optional income opportunities.

1223 E Rio Grande St, Colorado Springs

$270,000

2 Beds ⋅ 1 Baths ⋅ 7781583 MLS

Original hardwood flooring on main level. 2 bedrooms 1-bathroom zoned R2.

728 Prospect Lake Dr, Colorado Springs

$389,900

3 Beds ⋅ 2 Baths ⋅ 8398236 MLS

Charming ranch bungalow ideally located near downtown Colorado Springs and Memorial Park! This low-maintenance stucco home sits on a desirable R-2 lot with alley access, abundant off-street parking, RV parking, and endless potential. The fully fenced yard offers plenty of space to relax, entertain, or expand. Start your day on the inviting covered front porch before stepping inside to a bright living room that flows into the designated dining area, complete with a charming window seat and abundant natural light. The kitchen offers stainless steel appliances, ample cabinet space, and a functional layout for everyday living. The main level features two bedrooms, including the primary bedroom, and a three-quarter bathroom. Downstairs, the finished basement provides a private second living area that could serve as a mother-in-law suite, guest quarters, or potential rental opportunity. Outside, enjoy a separately fenced patio with a hot tub—perfect for relaxing after a long day while maintaining privacy from the rest of the yard. The R-2 zoning, alley access, and generous parking make this property an excellent fit for those needing space for an RV, additional vehicles, or future possibilities. Just a short walk to Memorial Park, you'll enjoy easy access to trails, Prospect Lake, playgrounds, the annual Balloon Festival, Fourth of July fireworks, and all the recreation and events the park has to offer. With its central location near downtown dining, shopping, and entertainment, this home offers the perfect combination of charm, flexibility, and convenience. Don't miss this fantastic opportunity to own a home in the heart of Colorado Springs!

713 S Sheridan Ave, Colorado Springs

$372,500

4 Beds ⋅ 2 Baths ⋅ 3962525 MLS

This Charming bungalow style home in downtown adjacent historic Hillside. Spacious and bright, this home is zoned R2 and can be converted to a duplex or add an ADU out back! Walking distance to downtown, across from Memorial Park and Prospect Lake, this gem is near it all. Step out your front door to experience the Labor Day liftoff and all that the park has to offer, walking distance to the planned redevelopment of the Union Printers home, easy I-25 access, Playgrounds, trails (Shooks Run), coffee shops, revamped Helen Hunt Campus, and more to this charming downtown neighborhood. Original wood floors, new vinyl windows, new central A/C and heat, freshly painted- this charmer is move-in ready. Grab a scooter and explore all this great location has to offer!

726 Prospect Lake Dr, Colorado Springs

$339,000

2 Beds ⋅ 1 Baths ⋅ 5209981 MLS

Welcome home! This 2-bed, 1-bath home is a scenic beauty, fully renovated with modern luxury in mind. It is located just minutes away from downtown, parks, restaurants, I-25, and so much more! Step inside to find a beautiful interior featuring custom tile work, Caesarstone quartz countertops, LG stainless steel appliances, a custom breakfast nook, walk-in pantry, and a convenient dry bar; ideal for entertaining guests or simply relaxing with loved ones. This home offers more than just stylish living spaces, it includes a 2-car oversized garage complete with a workshop that provides ample room for storage, hobbies, or projects. Don't miss your chance to call this stunning property home. Schedule a showing today and envision yourself enjoying the modern conveniences this home offers.

1220 E Fountain Blvd, Colorado Springs

$279,000

2 Beds ⋅ 1 Baths ⋅ 5442811 MLS

This turnkey home is handicap accessible with permanent concrete ramps into both the front and back of the home. This is a spacious and comfortable two-bedroom home with updated windows, roof, and water heater. There is plenty of off-street parking in the front driveway, and room for an RV to park in the back off of the alley. When you're not enjoying the comfortable interior of the home, you're within easy walking distance of the iconic Prospect Lake. Stroll over to watch the balloons for Labor Day Lift Off without stressing about parking.

1539 Fountain St, Colorado Springs

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