5540 Parapet Court
Colorado Springs, CO, 80918 $ 1,720,000
Bedrooms6 Baths5.1 Sq 7,068 Monthly Estimate*
$ 10,860
for $1,720,000 with 6 bedrooms and 5 full baths, 1 half bath. This 7,068 square foot home was built in 1991 on a lot size of 0.79.
MULTI GENERATIONAL HOME! MCustom-built private sanctuary, perfectly situated on a large, private lot offering exceptional luxury, privacy, and breathtaking city and mountain views.Extraordinary property This completely professionally remodeled and updated home is a rare opportunity for elegant living with incredible multi-generational potential. Professionally landscaped front, back, and side yards create a stunning outdoor setting, complete with new front decking, a fenced area, a spacious 20x12 second patio, and an oversized attached three-car garage. The backyard features a private staircase with direct access to the Sunset Mesa trails, allowing you to enjoy gorgeous panoramic views of Colorado Springs and the surrounding mountains right from your own property. Inside, a grand foyer welcomes you into a thoughtfully designed floor plan featuring a spacious home office suitable for two. The gourmet kitchen is truly a chef’s dream, showcasing custom cabinetry, quartz countertops, a built-in double refrigerator, an eight-burner gas stove, a large center island, and a wine refrigerator. The adjacent dining area features a beautiful bay window overlooking the backyard and offers seamless access to outdoor entertaining with two walkouts—one leading to a covered seating area and the other to the garage entry. The main-level mudroom includes one of two laundry areas, custom tile flooring, and a convenient half bath. The formal living room is warm and inviting with a cozy gas fireplace and two additional walkouts for effortless indoor-outdoor living. The luxurious primary suite offers a private sitting area with one of six fireplaces, a large walk-in closet, a spa-inspired shower, and private outdoor access. Two additional bedrooms and a full bath complete the main level. Upstairs, a bright and versatile flex space offers abundant natural light, generous storage, and a gas fireplace, along with a private bedroom and adjoining 3/4 bath—perfect for guests or extended family. The lower level is ideal for multi-generational living, featuring its own private entrance, full kitchen, laundry room, seating area, inviting fireplace, and a tranquil five-piece bath. Additional living space, another full bath, and an additional bedroom provide even more flexibility. Behind a concealed bookcase door, discover a private theater room, or relax and rejuvenate in your own infrared sauna. With two kitchens, two laundry areas, six fireplaces (three gas and three electric), abundant living space, and unmatched privacy throughout, this home offers a truly exceptional lifestyle. Conveniently located near Norwood Recreation Center, residents enjoy access to amenities including a pool, tennis courts, and outdoor grilling areas.
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FeaturesGeneralLiving Area 7068.0
Sewer Sewer
Heating Forced Air
Cooling Central Air
Utilities Electricity Connected Natural Gas Connected
Roof Tile
Appliances 220v in Kitchen Dishwasher Disposal Double Oven Dryer Gas in Kitchen Kitchen Vent Fan Microwave Oven Other Refrigerator Washer
HOA Fee 40.0
Patio/Porch Features Concrete Covered
Year Built 1991
Miscellaneous Breakfast Bar Home Theatre Sauna Secondary Suite w/in Home See Prop Desc Remarks Window Coverings
Property Subtype Single Family
Tax Year 2024
Parcel Number 6314311043
Assoc Fee Paid Per Annual
County El Paso
Property Type Residential
HOA Y
Full Baths 3
Status Active
City Colorado Springs
High School District Colorado Springs 11
Lot Size Units Acres
Lot Size Square Feet 34412.4
Property Attached Y/N N
Tax Annual Amount 3453.0
Lot Description Backs to Open Space Cul-de-sac
MLS Area Minor Sunset Mesa
Additional Parcels Y/N N
Virtual Tour https://my.matterport.com/models/qTaCeS9p7Eb?organization=fYX5WyDHt9a
Assessments Y/N N
Structure Type Framed on Lot
Standard Status Active
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InteriorInterior Amenities 5-Pc Bath French Doors Great Room Other See Prop Desc Remarks
Basement Walk Out
Flooring Carpet Ceramic Tile Wood Laminate
Fireplace Features Basement Electric Gas Main Level Upper Level
Entry Wood Laminate
Above Grade Finished Area 4370.0
Half Baths 1
3/4 Baths 2
Laundry Features Basement Main
Total Bedrooms 6
Total Baths 6
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ExteriorSiding Stucco
Water Source Municipal
Total Parking 3.0
Driveway Concrete
Garage Type Attached
Lot Location Hiking Trail Near Schools Near Shopping Center
Lot Size 0.79
Building Area Total 7068.0
Lot Size Acres 0.79
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $10,860
- Monthly Property Taxes
- $288
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% 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 $649,134
Percent of Sale Price 62%
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.
3784392 Elementary School
3784391 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/7/2026 | $1,720,000 | -1.15% | Price Down |
| 4/27/2026 | $1,740,000 | -2.79% | Price Down |
| 3/23/2026 | $1,790,000 | -3.24% | Price Down |
| 2/16/2026 | $1,850,000 | | Listed Price |