Falcon Homes under $500,000

Welcome to Falcon, Colorado – a hidden gem nestled in the heart of El Paso County. Just a stone's throw away from the bustling city of Colorado Springs, Falcon offers the perfect blend of serene suburban living and easy access to urban amenities. With stunning views of the Rocky Mountains and a friendly community atmosphere, Falcon is an ideal place for families, young professionals, and retirees alike.

One of the most appealing aspects of Falcon is its diverse housing market. If you're searching for your dream home without breaking the bank, you’ll be delighted to discover that Falcon boasts a variety of homes priced under $500,000. From charming single-family residences to modern townhomes, there’s something for everyone. These homes often feature spacious layouts, beautiful yards, and access to excellent community amenities, ensuring you can enjoy both comfort and convenience.

Falcon is not just about beautiful homes; it’s also about lifestyle. Residents enjoy access to top-rated schools, parks, and recreational facilities. Whether you’re hiking the scenic trails at nearby Pikes Peak or enjoying a weekend picnic at the local parks, there’s no shortage of outdoor activities to keep you active and engaged.

With its affordable housing options, vibrant community spirit, and stunning natural surroundings, Falcon, Colorado, is truly a place you can call home. Come explore what Falcon has to offer and discover why so many are choosing to make this charming town their own!

Newest Falcon Homes under $500,000

$449,000

5 Beds ⋅ 4 Baths ⋅ 2,083 SqFt. ⋅ ACTIVE Status

Welcome to in Falcon! This 5-bedroom, 4-bath home offers updates and distinctive character—with NO HOA! The main level features LVP flooring, high ceilings, abundant natural light, a gas fireplace, and earth-tone finishes. The kitchen offers tile countertops, and breakfast nook. An antler chandelier accents the dining room, with a convenient half bath nearby. Upstairs, the spacious primary suite includes a walk-in closet and private bath with double vanity. Two additional bedrooms are similar in size and separated by their closets for added privacy and noise reduction. New carpet was installed summer 2026, with newer Andersen windows throughout all three upstairs bedrooms. Full secondary bath, laundry, and linen storage complete the level. The finished basement, completed in 2022, adds two large bedrooms and a full bath, offering flexible space for guests, an office, hobbies, or additional living. Recent improvements include a new furnace and A/C (2025), garage door opener (2025), upstairs carpet (2026), and roof (September 2026). Outside, the front yard features a perennial wildflower garden with colorful blooms throughout summer, a young tree, mature lilacs, and a covered porch with sliding gates to enclose porch, and hooks for a porch swing. The re-landscaped backyard includes a patio, sandbox, garden, firepit, compost area, two sheds, lilacs, trumpet vines, and a fast-growing tree. A manual sprinkler system and a backflow prevention and is ready to be connected for irrigation if desired; it is currently winterized. 2-car attached garage, driveway, and street parking. No HOA fees; water, sewer, parks/recreation, and street lighting are included with the water bill. Community covenants are owner-enforced rather than HOA/Metro District enforced. Near Woodmen Hills recreation amenities, parks, trails, shopping, dining, and schools. A rare combination of updates, flexible space, and outdoor character!

8059 Oliver Rd, Falcon

Courtesy of Double L Realty. 719-644-6362

$499,560

3 Beds ⋅ 3 Baths ⋅ 2,782 SqFt. ⋅ ACTIVE Status

Don’t miss this exceptional opportunity to own a brand-new Charleston plan in a quiet community, set on a spacious, fully landscaped lot with privacy fencing already installed. This home offers a thoughtful, modern layout with high-end finishes throughout- truly move-in ready. Step inside to a bright, open main level featuring LVP flooring throughout the main areas, a dedicated front study ideal for remote work or hobbies, and a welcoming great room with abundant natural light. The chef-inspired kitchen takes center stage with stainless steel appliances, including a French door refrigerator, a separate gas range, quartz countertops, tile backsplash, and a sunny bay-window dining nook with a picturesque view of Pike's Peak that flows effortlessly onto the covered patio, perfect for everyday living or hosting. Upstairs, the expansive loft provides an additional gathering space, while the two secondary bedrooms offer generous dimensions. The private primary suite features double doors, another stunning view, a large walk-in closet, linen closet and a spa-style bath with dual quartz vanities and a soaking tub along with an oversized shower. A 3-car tandem garage provides outstanding storage and parking options, ideal for vehicles, gear, or future workshop space. Additional features include central A/C, full yard landscaping, fencing, and access to the Woodmen Hills Rec Centers, parks, and trail system- all adding to the comfort and convenience of this outstanding home.

8243 Henzlee Pl, Falcon

Courtesy of New Home Star LLC. (719) 330-1445

$489,900

3 Beds ⋅ 3 Baths ⋅ 2,661 SqFt. ⋅ ACTIVE Status

Introducing the brand new Ashford floor plan in Bent Grass and one of the final opportunities to own in this highly sought-after community. Perfectly positioned backing to open space, this home offers breathtaking, unobstructed views of Pikes Peak and the entire Front Range from nearly every window. This home features 3 bedrooms upstairs, a spacious loft, and a dedicated main-level study, creating the perfect setup for working from home, guests, or additional living space. Expansive windows fill the home with natural light while perfectly framing the mountain views from the living and dining areas. The kitchen was thoughtfully designed for everyday living and entertaining alike, featuring quartz countertops, a gas range, stylish backsplash, an undermount single-basin sink, and a spacious, true walk-in pantry. Upstairs, the private primary suite offers a spa-inspired ensuite bathroom with an oversized shower and built-in seat, along with separate his and hers walk-in closets for added convenience and storage. Built by a trusted local builder, this home includes air conditioning, full front and back landscaping, privacy fencing, and an included 1-2-10 warranty. Located in Bent Grass with access to nearby recreation centers, pools, fitness facilities, parks, and walking trails, this home combines elevated finishes, exceptional functionality, and some of the best views in the community. Only a few opportunities remain in Bent Grass.

8222 Lemon Grass Rd, Falcon

Courtesy of New Home Star LLC. (719) 330-1445

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Falcon Homes under $500,000

Newest Falcon Homes under $500,000

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