Prospect Lake Real Estate

**Discover the Charm of Prospect Lake: A Hidden Gem in Colorado Springs**

Nestled in the heart of Colorado Springs, Prospect Lake is a picturesque neighborhood that perfectly blends natural beauty with vibrant community living. This charming area is situated near the stunning backdrop of the Rocky Mountains, offering residents breathtaking views and endless opportunities for outdoor adventures. Whether you enjoy hiking, biking, or simply soaking up the sun, Prospect Lake provides a serene escape from the hustle and bustle of city life.

One of the standout features of Prospect Lake is its namesake, the tranquil Prospect Lake itself. This scenic body of water is a popular spot for fishing, paddle boating, and picnicking with family and friends. The surrounding parkland is well-maintained, featuring walking trails, playgrounds, and open spaces that encourage an active lifestyle and foster a sense of community.

The neighborhood is also conveniently located near a variety of amenities, including shopping centers, dining options, and recreational facilities. Residents can easily access local favorites, from cozy cafes to family-friendly restaurants, ensuring there’s always something to explore.

Families will appreciate the quality schools in the area, which are part of the highly regarded Academy School District 20. With a strong emphasis on education and community involvement, Prospect Lake is an ideal place for families to grow and thrive.

In Prospect Lake, you’ll find not just a home, but a lifestyle that embraces the beauty of nature while providing the comforts of modern living. Come discover this delightful neighborhood and see why so many are proud to call Prospect Lake their home!

Newest Listings in Prospect Lake

$410,000

4 Beds ⋅ 2 Baths ⋅ 1,644 SqFt. ⋅ ACTIVE Status

Beautifully remodeled ranch-style home featuring 4 bedrooms, 2 bathrooms, and 1,644 finished square feet. Updates include new flooring, new carpet, fresh interior paint, and new kitchen appliances, including the range and refrigerator. The finished basement provides additional living space and flexibility. Situated on an approximately 0.3-acre lot with a terrace patio, this home is conveniently located about 0.3 miles from Memorial Park and its lake, with easy access to outdoor recreation and nearby amenities. Move-in ready and thoughtfully updated throughout.

716 S Sheridan Ave, Colorado Springs

Courtesy of You 1st Realty - Unity. 719-308-4642

$549,900

3 Beds ⋅ 4 Baths ⋅ 3,065 SqFt. ⋅ ACTIVE Status

Beautifully maintained luxury stucco, low maintenance home built in 2000 - offering a modern design, abundant natural light, and exceptional flexibility. With 3,048 finished square feet this home provides immediate luxury and comfort. The open-concept main level is filled with natural light from expansive windows and features a spacious living area centered around a cozy gas fireplace. This home has a separate dining area for larger gatherings. The kitchen is designed for entertaining-complete with tile and granite countertops, arge island with grill, ample custom cabinetry, and a custom made pantry. Enjoy the newer frig, trash compactor, dishwasher, double ovens, and microwave. Dedicated master bedroom suite on the main floor. The oversized primary luxury suite offers a peaceful retreat with 4 closets and two separate, spacious en suite baths. The first bath has a separate shower, jetted tub and upgraded custom cabinetry with designer sink. The second bath comes with a walk in tub, custom cabinetry and designer sink. The master bedroom includes remote control designer blinds, gas log fireplace, in room a/c unit, dimmer lighting and ceiling fan. Home comes fully air conditioned, with washer and dryer in the separate laundry room. This home boasts a three car tandem garage, shelving and storage - with an additional 3 car attached carport. Enjoy outdoor living with a private patio complete with a fire pit and covered pergola, ideal for grilling and relaxing, along with convenient sun room access. Located just steps away from Memorial Park Lake-indulge in fishing, boating, kayaking, paddle boarding, playgrounds. This home combines comfort, functionality, and an ideal setting for everyday living and entertaining for any event. Situated in a desirable lake community with easy access to local amenities and annual events. This home is a rare opportunity to own a luxury light-filled property with room to just kick back and relax - optional income opportunities.

1223 E Rio Grande St, Colorado Springs

Courtesy of Angel Realty, LLC. 303-974-7776

$270,000

2 Beds ⋅ 1 Baths ⋅ 972 SqFt. ⋅ ACTIVE Status

Original hardwood flooring on main level. 2 bedrooms 1-bathroom zoned R2.

728 Prospect Lake Dr, Colorado Springs

Courtesy of RE/MAX Real Estate Group LLC. 719-534-7900

$389,900

ACTIVE Status

Charming ranch bungalow ideally located near downtown Colorado Springs and Memorial Park! This low-maintenance stucco home sits on a desirable R-2 lot with alley access, abundant off-street parking, RV parking, and endless potential. The fully fenced yard offers plenty of space to relax, entertain, or expand. Start your day on the inviting covered front porch before stepping inside to a bright living room that flows into the designated dining area, complete with a charming window seat and abundant natural light. The kitchen offers stainless steel appliances, ample cabinet space, and a functional layout for everyday living. The main level features two bedrooms, including the primary bedroom, and a three-quarter bathroom. Downstairs, the finished basement provides a private second living area that could serve as a mother-in-law suite, guest quarters, or potential rental opportunity. Outside, enjoy a separately fenced patio with a hot tub—perfect for relaxing after a long day while maintaining privacy from the rest of the yard. The R-2 zoning, alley access, and generous parking make this property an excellent fit for those needing space for an RV, additional vehicles, or future possibilities. Just a short walk to Memorial Park, you'll enjoy easy access to trails, Prospect Lake, playgrounds, the annual Balloon Festival, Fourth of July fireworks, and all the recreation and events the park has to offer. With its central location near downtown dining, shopping, and entertainment, this home offers the perfect combination of charm, flexibility, and convenience. Don't miss this fantastic opportunity to own a home in the heart of Colorado Springs!

713 S Sheridan Ave, Colorado Springs

Courtesy of The Cutting Edge. 719-999-5067

$389,900

3 Beds ⋅ 2 Baths ⋅ 1,677 SqFt. ⋅ ACTIVE Status

713 S Sheridan Ave, Colorado Springs

Courtesy of The Cutting Edge. 719-999-5067

$372,500

4 Beds ⋅ 2 Baths ⋅ 2,150 SqFt. ⋅ ACTIVE Status

This Charming bungalow style home in downtown adjacent historic Hillside. Spacious and bright, this home is zoned R2 and can be converted to a duplex or add an ADU out back! Walking distance to downtown, across from Memorial Park and Prospect Lake, this gem is near it all. Step out your front door to experience the Labor Day liftoff and all that the park has to offer, walking distance to the planned redevelopment of the Union Printers home, easy I-25 access, Playgrounds, trails (Shooks Run), coffee shops, revamped Helen Hunt Campus, and more to this charming downtown neighborhood. Original wood floors, new vinyl windows, new central A/C and heat, freshly painted- this charmer is move-in ready. Grab a scooter and explore all this great location has to offer!

726 Prospect Lake Dr, Colorado Springs

Courtesy of RE/MAX Real Estate Group LLC. 719-534-7900

$330,000

2 Beds ⋅ 1 Baths ⋅ 966 SqFt. ⋅ ACTIVE Status

Welcome home! This 2-bed, 1-bath home is a scenic beauty, fully renovated with modern luxury in mind. It is located just minutes away from downtown, parks, restaurants, I-25, and so much more! Step inside to find a beautiful interior featuring custom tile work, Caesarstone quartz countertops, LG stainless steel appliances, a custom breakfast nook, walk-in pantry, and a convenient dry bar; ideal for entertaining guests or simply relaxing with loved ones. This home offers more than just stylish living spaces, it includes a 2-car oversized garage complete with a workshop that provides ample room for storage, hobbies, or projects. Don't miss your chance to call this stunning property home. Schedule a showing today and envision yourself enjoying the modern conveniences this home offers.

1220 E Fountain Blvd, Colorado Springs

Courtesy of Venterra Real Estate LLC. (719) 368-7639

$279,000

2 Beds ⋅ 1 Baths ⋅ 943 SqFt. ⋅ ACTIVE UNDER CONTRACT Status

This turnkey home is handicap accessible with permanent concrete ramps into both the front and back of the home. This is a spacious and comfortable two-bedroom home with updated windows, roof, and water heater. There is plenty of off-street parking in the front driveway, and room for an RV to park in the back off of the alley. When you're not enjoying the comfortable interior of the home, you're within easy walking distance of the iconic Prospect Lake. Stroll over to watch the balloons for Labor Day Lift Off without stressing about parking.

1539 Fountain St, Colorado Springs

Courtesy of Trent Properties Group. (719) 630-1600

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