193 Top Notch Trail
Penrose, CO, 81240 $ 696,000
Bedrooms4 Baths3.1 Sq 3,820 Monthly Estimate*
$ 4,285
Listed by EXIT Elevation Realty
for $696,000 with 4 bedrooms and 3 full baths, 1 half bath. This 3,820 square foot home was built in 1997 on a lot size of 6.21.
Package Deal – Lots 6 & 8 | 6.21 Acres | Top Rail Ranch An exceptional opportunity to own a truly custom-built home offered as a package with both Lots 6 & 8, totaling 6.21 acres in the desirable Top Rail Ranch. Designed for comfort, functionality, and wide-open living, this impressive property blends luxury finishes with space for horses, hobbies, and breathtaking Colorado views. The expansive home features 4 bedrooms, 3.5 baths, and an attached 3-car garage, complemented by a detached 32’ x 48’ shop with an additional 16’ x 48’ covered horse stall area—perfect for equestrian or workshop needs. Inside, you’ll find a one-of-a-kind custom interior with soaring vaulted ceilings, slate and hardwood floors, and beautifully stained solid wood doors and trim throughout. Large bay windows flood the home with natural light while showcasing stunning mountain views, sunrises, and sunsets. The open kitchen is ideal for both everyday living and entertaining, offering solid wood cabinetry, Corian countertops, a large prep island, and a cozy breakfast area. Additional main-level highlights include a formal dining room, a spacious family room with a warming pellet stove, and a private office, perfect for working from home. Upstairs, retreat to the impressive 13’ x 33’ primary suite, featuring a three-way gas fireplace, expansive windows, a private sun deck, and a huge walk-in closet. The five-piece primary bath includes double vanities and an inviting jetted spa tub. The lower level offers a large open recreation room ideal for entertaining, a separate exercise room, and an additional bedroom and full bath, providing flexible living space for guests or family. The additional lot enhances the value even further with a 130’ x 260’ riding arena and a paid Penrose water tap, making this a rare and versatile property. This is a unique chance to own acreage, luxury, and functionality—all in one remarkable package.
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FeaturesGeneralSewer Septic Tank
Heating Forced Air Propane Radiant
Cooling Central Air
Possession Negotiable
Roof Composition
Appliances Dishwasher Microwave Oven Range Refrigerator
Zoning R-1
Garage Spaces 7
Patio/Porch Features Covered Front Porch Patio
Construction Materials Frame Stucco
Exclusions Seller's personal property
Year Built 1997
View Mountain(s)
Levels Two
Property Subtype Single Family Residence
Tax Year 2024
Ownership Individual
County Fremont
Property Type Residential
HOA N
Attached Garage Y
Subdivision Name Top Rail Ranch
Full Baths 2
Status Active
Directions Highway 50 to R Street in Penrose North on R Street to 15th St. East on 15th to Top Notch Trail Left to property
High School Florence
City Penrose
Senior Community Y/N N
High School District Fremont RE-2
Lot Size Units Acres
Lot Size Square Feet 270507.6
Carport Spaces 0
Listing Terms Cash Conventional FHA USDA Loan VA Loan
Elementary School Penrose
Tax Annual Amount 2398
Middle/Junior High School Fremont
Structure Type House
Standard Status Active
Middle/Junior School District Fremont RE-2
Elementary School District Fremont RE-2
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InteriorBasement Finished
Basement (Y/N) Y
Above Grade Finished Area 2352
Half Baths 1
1/4 Baths 0
3/4 Baths 1
Total Bedrooms 4
Below Grade Finished Area 1468
Main Level Bedrooms 0
Main Level Bathrooms 1
Total Baths 4
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ExteriorExterior Amenities Balcony
Fencing Full Partial
Parking Features Gravel
Water Source Public
Total Parking 7
Lot Size Area 6.21
Building Area Total 3820
Lot Size Acres 6.21
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* Excluded FeaturesList ByExit Elevation RealtyBroker
Affordability Calculator
- Monthly Principal & Interest
- $4,285
- Monthly Property Taxes
- $200
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% 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 Penrose, CO
Average List Price $597,133
Percent of Sale Price 14%
About Penrose, CO 3,257 Population
-8% Since 2002
$ 50,511 Median Income
48.99 Median Age
18% Households with Children
Trends Information provided by ATTOM Data Solutions.
3376521 Elementary School
3042966 Middle School
Florence High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 2/28/2026 | $696,000 | | Listed Price |