7340 Waterwheel Street
Colorado Springs, CO, 80911 $ 385,000
Bedrooms5 Baths3.0 Sq 2,529 Monthly Estimate*
$ 2,402
for $385,000 with 5 bedrooms and 3 full baths. This 2,529 square foot home was built in 1987 on a lot size of 0.1585.
Spacious and Inviting 5-Bedroom Home with Exceptional Features Near Ft. Carson! Welcome to this beautifully appointed and thoughtfully designed four-level residence, offering the perfect blend of comfort, functionality, and style. With 5 generous bedrooms, 3 full bathrooms, and over 2,500 square feet of versatile living space, this home is an exceptional opportunity for those seeking space, convenience, and character—all within minutes of Ft. Carson. Upon entering, you’re greeted by gleaming LVP floors, an abundance of natural light, and a fluid open-concept layout that effortlessly connects the living, dining, and kitchen areas. The kitchen is equipped with new granite countertops, and newer stainless steel appliances ideal for everyday living or entertaining guests. Upstairs, you’ll find three well-appointed bedrooms, including a private primary suite featuring an elegant travertine fireplace, creating a cozy retreat. A second full bathroom completes the upper level. The lower levels expand the home's livability with a spacious family room centered around a gas fireplace, two additional bedrooms, another full bathroom, and a dedicated office space—perfect for remote work or study. Step outside to enjoy a fully fenced backyard, complete with a newer oversized deck, ideal for entertaining, outdoor dining, or relaxing under the Colorado sky. An oversized two-car garage provides ample storage, plus additional off-street parking suitable for a truck or trailer. Bonus features include an archery block, basketball hoop (no backboard), and solar panels covering approximately 90% of utility cost. A truly rare combination of space, upgrades, and location—this home is a must-see.
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FeaturesGeneralUtilities Cable Available Electricity Connected Natural Gas Available
Roof Composite Shingle
Appliances Dishwasher Microwave Oven Oven Range Refrigerator
Water Municipal
Assoc Fees 0.00
Number of Garage Spaces 2
School District Widefield-3
Construction Status Existing Home
Property Type Residential
Yearly Taxes 1871.00
Tax Year 2024
Status Pending
Sub Type Single Family
High School Widefield
Junior High School Janitell
Elementary School Sunrise
Covenants Y/N 0
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ExteriorSiding Wood
Garage Type Attached
Driveway Concrete
Fence Rear
Structure Frame
Lot Size 6906.0000
Foundation Crawl Space
Lot Description Level
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InteriorFull Baths 3
Floor Plan 4-Levels
Half Baths 0
Three Quarter Bath 0
Laundry Facility Basement Electric Hook-up
Fireplace Basement Electric Two Upper Level Wood Burning
Total Baths 3
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* Excluded FeaturesList ByErica@militaryhomesearch.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $2,402
- Monthly Property Taxes
- $156
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Colorado Springs, CO
Average List Price $615,773
Percent of Sale Price 60%
About Colorado Springs, CO 461,521 Population
27% Since 2002
$ 57,575 Median Income
36.95 Median Age
30% Households with Children
Trends Information provided by ATTOM Data Solutions.
3074853 Elementary School
3074848 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 11/13/2025 | $385,000 | -3.51% | Price Down |
| 10/16/2025 | $399,000 | -3.86% | Price Down |
| 10/2/2025 | $415,000 | -2.35% | Price Down |
| 9/13/2025 | $425,000 | | Listed Price |