3640 Masters Drive
Colorado Springs, CO, 80907 $ 775,000
Bedrooms4 Baths3.0 Sq 3,964 Monthly Estimate*
$ 4,893
for $775,000 with 4 bedrooms and 3 full baths. This 3,964 square foot home was built in 1996 on a lot size of 0.28.
Enjoy spacious ranch-style living just minutes from Palmer Park in this 4-bedroom, 3-bath home with a walk-out basement, oversized 3-car garage, and an assumable loan opportunity for qualified buyers. Set on a .28-acre lot in an established neighborhood near the Colorado Springs Country Club, this home offers mountain and rock formation views, generous indoor and outdoor living space, and a flexible floor plan. Inside, vaulted ceilings, abundant natural light, newer paint, and an open layout create a bright and welcoming feel. The ranch design provides comfortable main-level living, while the finished walk-out basement adds valuable space for guests, multi-generational living, a mother-in-law setup, recreation, or potential rental use. Step outside to a fully fenced backyard with four separate deck, patio, and courtyard areas, giving you plenty of options for entertaining, relaxing, or enjoying the Colorado outdoors. A newer roof with impact-resistant shingles provides added protection against Colorado weather and may offer potential insurance savings. The oversized 3-car garage provides plenty of room for vehicles, storage, outdoor gear, or a workshop. Palmer Park is nearby with miles of hiking, biking, and walking trails, along with playgrounds and a dog park. Shopping, dining, everyday conveniences, and major roads are also easily accessible. With an assumable loan opportunity, mountain views, flexible living space, a walk-out basement, oversized garage, and an excellent location near Palmer Park, this home has a lot to offer. Explore the 3D tour, interactive floor plan, feature video, and highlighted rooms, then schedule your showing today!
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FeaturesGeneralLiving Area 3964.0
Sewer Sewer
Heating Forced Air Natural Gas
Cooling Ceiling Fan(s) Central Air
Utilities Cable Available Electricity Connected Natural Gas Connected Telephone
Roof Composite Shingle
Appliances 220v in Kitchen Dishwasher Microwave Oven Oven Range Refrigerator
HOA Fee 600.0
Association Fee Includes Common Utilities Covenant Enforcement Maintenance Grounds Management Trash Removal
Patio/Porch Features Concrete
Year Built 1996
Miscellaneous Auto Sprinkler System Dry Bar High Speed Internet Avail. HOA Required $ Home Warranty Kitchen Pantry Radon System Smart Home Thermostat Window Coverings
Property Subtype Single Family
Tax Year 2025
Parcel Number 6328307004
Community Features Hiking or Biking Trails
Accessibility Hand Rails
Assoc Fee Paid Per Annual
County El Paso
Property Type Residential
Association Amenities Green Areas
HOA Y
Other Structures Storage Shed
Full Baths 1
Status Active
City Colorado Springs
High School District Colorado Springs 11
Lot Size Units Acres
Lot Size Square Feet 12196.8
Property Attached Y/N N
Tax Annual Amount 2450.03
Lot Description Level Mountain View Sloping View of Rock Formations
MLS Area Minor St Andrews
Additional Parcels Y/N N
Virtual Tour https://www.zillow.com/view-imx/cf2f5c3e-5153-4d1a-8b9c-0329d1c2dd83?initialViewType=pano
Assessments Y/N N
Structure Type Concrete Framed on Lot
Standard Status Active
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InteriorInterior Amenities 5-Pc Bath 6-Panel Doors 9Ft + Ceilings Beamed Ceilings Great Room Vaulted Ceilings
Basement Full Basement Walk Out
Flooring Carpet Tile Wood
Fireplace Features Gas Lower Level Main Level Two
Entry Natural Wood
Window Features Vinyl
Above Grade Finished Area 1998.0
Half Baths 0
3/4 Baths 2
Laundry Features Electric Hook-up Gas Hook-up Main
Total Bedrooms 4
Total Baths 3
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ExteriorSiding Stucco
Fencing Rear
Water Source Municipal
Total Parking 3.0
Driveway Concrete
Garage Type Attached
Lot Location Hiking Trail Near Fire Station Near Hospital Near Park Near Public Transit Near Schools Near Shopping Center
Lot Size 0.28
Building Area Total 3964.0
Lot Size Acres 0.28
Road Frontage Type Paved
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $4,893
- Monthly Property Taxes
- $204
- 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 $640,357
Percent of Sale Price 17%
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 |
|---|
| 8/28/2026 | $775,000 | -1.27% | Price Down |
| 8/12/2026 | $785,000 | -1.87% | Price Down |
| 8/7/2026 | $799,999 | 0.00% | Price Down |
| 7/23/2026 | $800,000 | | Listed Price |