321 Graceland Grove
Colorado Springs, CO, 80904 $ 1,150,000
Bedrooms8 Baths5.0 Sq 3,352 Monthly Estimate*
$ 7,081
Listed by Compass - Boulder
for $1,150,000 with 8 bedrooms and 5 full baths. This 3,352 square foot home was built in 2006 on a lot size of 0.15.
A ONCE IN A LIFETIME PROPERTY! 8 Beds and 5 Baths total in this custom PUD. Located close to everything in OCC with Pikes Peak Views! 321 Graceland is the main home which has a floorplan that works as an SFR or duplex with no modification. 325 Graceland is a spacious garage with a 2B 1B living space above. This unique property has three legal dwellings on one lot! Professional Architect designed, built, owned & impeccably maintained since 2006. Currently a top rated STR. Home is over engineered with 25 helical piers under the foundation of the main house and 14 piers under the garage. This is an extraordinary investment opportunity offering 3 new & permitted living units with full kitchens, including laundries, on an expansive & versatile property. Unit 1 features 2 bedrooms, a full kitchen, a cozy living room, a wood-burning fireplace, real oak flooring, a modern bathroom with a large shower, a laundry, & access to a private yard with a large garden. Unit 2, with tile flooring, 2 bedrooms, a living room, a full kitchen with a large peninsula for bar top dining, & a laundry area. Unit 3 is a showstopper! The main floor, with real oak flooring, includes a full kitchen (2 sinks), a dining area, & a 3/4 bathroom. Upstairs you'll find 3 bedrooms, 2 composite decks, a great room with mountain views, a laundry room, & an impressive primary suite with a large walk-in closet, a nursery or office space, and a luxurious 4-piece in-suite bathroom. Outside, enjoy a large courtyard & composite deck for outdoor entertaining, an oversized fully finished & insulated 3 door yet 2-car garage with a wood-burning stove, & 5 additional parking areas. Every inch of this landscaped property has been thoughtfully upgraded with high-end finishes, expanding foam insulation, modern kitchens & bathrooms, & updated fixtures - all blending contemporary style with comfort.
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FeaturesInteriorInterior Amenities Eat-in Kitchen Open Floorplan Walk-In Closet(s) Wet Bar
Basement Crawl Space
Flooring Wood
Fireplace Features Free Standing
Basement (Y/N) N
Window Features Double Pane Windows Window Coverings
Above Grade Finished Area 3352
Half Baths 0
3/4 Baths 0
Total Bedrooms 8
Below Grade Finished Area 0
Main Level Bedrooms 0
Main Level Bathrooms 0
Total Baths 5
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GeneralSewer Public Sewer
Heating Forced Air Radiant Wood Stove
Cooling Central Air
Utilities Cable Available Electricity Available Natural Gas Available
Possession Closing/DOD
Roof Composition
Appliances Dishwasher Disposal Dryer Oven Refrigerator Washer
Zoning R-2 UV
Garage Spaces 2
Construction Materials Stucco Frame
Year Built 2006
View City Mountain(s)
Levels Two
Property Subtype Single Family Residence
Tax Year 2024
Ownership Individual
County El Paso
Property Type Residential
HOA N
Subdivision Name Gillette Sub
Facing Direction South
Possible Use Multi-Family Residential
Full Baths 0
Status Active
Directions FROM THE INTERSECTION OF I-25 & HWY 24: WEST ON HWY 24 RIGHT ON S. 8TH STREET LEFT ON W. COLORADO AVENUE RIGHT ON N. 15TH LEFT ON GRACELAND GROVE. HOME SITS AT THE CORNER OF N. 15TH & GRACELAND GROVE
High School Other
City Colorado Springs
High School District Colorado Springs 11
Lot Size Square Feet 6384
Listing Terms Cash Conventional VA Loan
Elementary School Other
Tax Annual Amount 2877
Middle/Junior High School Other
Concessions No
Structure Type House
Standard Status Active
Elementary School District Colorado Springs 11
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ExteriorVegetation Grassed Wooded
Lot Features Corner Lot Cul-De-Sac Level
Water Source Public
Total Parking 2
Building Area Total 3352
Lot Size Acres 0.15
Road Surface Type Paved
Road Frontage Type Public
Other Equipment Satellite Dish
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $7,081
- Monthly Property Taxes
- $240
- 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 Colorado Springs, CO
Average List Price $642,975
Percent of Sale Price 44%
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.
3043124 Elementary School
3043903 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 3/28/2026 | $1,150,000 | -4.17% | Price Down |
| 3/16/2026 | $1,200,000 | | Listed Price |