Lake Park Homes under $500,000

Welcome to Lake Park, a hidden gem nestled in the heart of Colorado Springs, Colorado. This vibrant neighborhood offers a unique blend of natural beauty, community spirit, and convenient living, making it an ideal place for families, professionals, and retirees alike.

Lake Park is characterized by its stunning landscapes, featuring picturesque parks, serene lakes, and scenic walking trails that invite residents to enjoy the great outdoors. The area is known for its friendly atmosphere, where neighbors become friends and community events foster a strong sense of belonging. With its close proximity to the majestic Rocky Mountains, outdoor enthusiasts can easily partake in hiking, biking, and winter sports, all just a short drive away.

For those seeking affordable housing options, Lake Park has a variety of homes available for under $500,000. Whether you're looking for a cozy single-family residence or a charming townhouse, the neighborhood offers a diverse selection of properties that cater to different lifestyles and budgets. Many homes in Lake Park boast modern amenities, spacious layouts, and beautiful backyards, perfect for entertaining or enjoying quiet evenings under the stars.

Additionally, Lake Park is conveniently located near shopping centers, restaurants, and schools, ensuring that residents have easy access to everything they need. With its combination of affordability, community charm, and breathtaking surroundings, Lake Park is not just a place to live—it's a place to call home. Discover the beauty and warmth of Lake Park today, and make your dream of homeownership a reality!

Newest Lake Park Homes under $500,000

$435,000

3 Beds ⋅ 2 Baths ⋅ 1,440 SqFt. ⋅ ACTIVE Status

Welcome home to this beautifully updated corner lot 3-bedroom, 2-bathroom property. 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, new windows, new gutters 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 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. This property is zoned R-2 with Income Potential! This property offers a variety of possibilities, whether you're looking to generate rental income, create a mother-in-law suite, or explore the potential to convert the home into a duplex. The possibilities make this an exciting opportunity for homeowners and investors alike! The seller is offering $10,000 in seller concessions that may be used toward eligible buyer expenses, including loan closing costs, title and settlement fees, prepaid expenses, mortgage discount points, or mortgage insurance costs, subject to lender approval. Take advantage of this opportunity to make your next home or investment work for you!

947 E Costilla St, Colorado Springs

Courtesy of Exp Realty LLC. 888-440-2724

$495,000

ACTIVE Status

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

Courtesy of Keller Williams Clients Choice Realty. 719-535-0355

$429,900

3 Beds ⋅ 3 Baths ⋅ 2,203 SqFt. ⋅ ACTIVE Status

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

Courtesy of REMAX PROPERTIES. 719-548-8600

$339,000

4 Beds ⋅ 2 Baths ⋅ 2,160 SqFt. ⋅ ACTIVE Status

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

Courtesy of Pink Realty Inc. 719-888-7465

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Lake Park Homes under $500,000

Newest Lake Park Homes under $500,000

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