Palmer Lake Homes with Full Basement

Palmer Lake Homes with Full Basement

Welcome to Palmer Lake, Colorado – a hidden gem nestled in the heart of El Paso County. This picturesque town, surrounded by the stunning Rocky Mountains, offers a perfect blend of natural beauty and small-town charm. With its serene lakes, lush forests, and breathtaking views, Palmer Lake is an outdoor enthusiast's paradise, providing ample opportunities for hiking, biking, and fishing. The vibrant community is known for its friendly atmosphere and hosts various events throughout the year, fostering a strong sense of belonging among its residents.

When it comes to real estate, Palmer Lake boasts an array of homes that cater to diverse lifestyles and preferences. Among these, you'll find exquisite properties featuring full basements, providing additional living space and endless possibilities. Whether you're looking to create a cozy family retreat, a home gym, or a spacious entertainment area, these basements offer the perfect canvas for your vision.

The homes in Palmer Lake are designed to harmonize with the stunning surroundings, often showcasing charming architectural details, modern amenities, and expansive outdoor spaces. With a range of options from quaint cottages to spacious family homes, there’s something for everyone in this enchanting town.

Living in Palmer Lake means enjoying a tranquil lifestyle while still being conveniently located near larger urban centers like Colorado Springs. Experience the best of both worlds – a peaceful retreat with easy access to city amenities. Discover your dream home with a full basement in Palmer Lake, where comfort meets nature in perfect harmony. Embrace the lifestyle you’ve always desired in this remarkable community!

Newest Palmer Lake Homes with Full Basement

$675,000
4 Beds ⋅ 3 Baths ⋅ 8444360 MLS
**Lakefront living with mountain views in the heart of Palmer Lake!** This inviting ranch-style home offers a wonderful combination of Colorado scenery, flexible living space, and easy outdoor living, all just steps from the lake and Santa Fe Trail. Inside, the open main-level floor plan features vaulted ceilings, hickory flooring, neutral finishes, and a stone and stucco gas fireplace that creates a warm focal point for the living room. The updated kitchen offers hickory cabinetry, granite countertops, tile flooring, and a tasteful backsplash, with the 5-burner gas range, washer, dryer, and other kitchen appliances included. The spacious dining area opens to a newer sunroom, providing even more space to relax and enjoy the outdoors throughout the seasons. The sunroom opens to a generous 36' x 12' deck with a SunSetter awning, creating an ideal spot for outdoor dining and enjoying the surrounding scenery. The main level offers convenient one-level living with a spacious primary suite featuring a large walk-in closet, oversized bathroom, and views through soundproof windows. Bathrooms feature granite countertops and modern tile flooring. The walkout lower level adds considerable flexibility with a large family room, two bedrooms and a full bathroom, plus direct access to the Santa Fe Trail and a covered patio. The lower-level bathroom experienced a water leak and is currently unfinished, and there is some remaining cosmetic work needed in portions of the house. The home is being offered with these conditions reflected in the price, providing an opportunity for the next owner to complete the space to their own taste. Outside, enjoy a low-maintenance yard with artificial turf in both the front and backyard, a private hot tub, covered patio, spacious deck, and an 8' x 15' custom-built shed with plenty of room for outdoor gear, bikes, paddleboards, and lake toys. The property also features 2x6 construction, two 40-gallon water heaters, and central air conditioning.

98 Oakdale Dr, Palmer Lake
$980,000
5 Beds ⋅ 4 Baths ⋅ 8121847 MLS
Exceptional flexibility meets Palmer Lake living in this updated farmhouse ranch style home on a full acre—currently operating as a successful Airbnb and configured for multigenerational living. Tucked away with mountain views to the west, rock formations to the north and city lights to the east, the property offers two distinct living areas and room to spread out. The open main level is designed for everyday living and entertaining offering 3 bedrooms (one non conforming), an office, 3 baths and laundry right off the oversized garage . The large renovated kitchen opens directly to the great room, while large sliding doors bring in natural light and lead to an expansive Trex deck. The main level offers three bedrooms, one non-conforming, plus an office currently used as an additional bedroom and a private primary suite. The finished walkout lower level adds exceptional versatility. A second kitchen, oversized secondary primary suite with zero-entry shower, two additional bedrooms and a large family/game room create comfortable space for extended family, guests or rental use. Warm rustic finishes and built-in shelving add character, and the lower level can be closed off from the main residence when desired. Walkout access leads to the newly built oversized single-car garage, providing parking, workshop or storage space. Outside, enjoy coffee on the covered wraparound front porch, entertain on the back deck, or enjoy the lower patio and fenced backyard. Garden planters, a detached storage shed and an in-ground trampoline are just the beginning of what is possible in this outdoor space. Whether you're looking for a multigenerational home, an established short-term rental, a full-time residence with flexible guest space—or a combination of all three—this property offers options that are hard to find. Palmer Lake's trails, recreation, dining and small-town charm are all close by.

703 Platt Ln, Palmer Lake
$495,000
3 Beds ⋅ 2 Baths ⋅ 9380400 MLS
This charming 3 bedroom, 2 bathroom home is surrounded by breathtaking mountain views, offering a serene and inviting setting. The kitchen features all-new appliances, ample cabinet space, and updated flooring, making it both functional and stylish. At the heart of the home, a beautiful fireplace creates a warm and cozy atmosphere—perfect for relaxing evenings. The interior has been freshly painted and updated with new carpeting and modern light fixtures, providing a move-in-ready experience. Situated at the end of a quiet cul-de-sac, the home offers a sense of privacy and tranquility. Conveniently located near local restaurants, shopping, hiking trails, and highly regarded schools, with easy access to I-25, this property combines comfort with accessibility. An unfinished basement provides an excellent opportunity for future expansion, making this an ideal starter home with room to grow. Don’t miss the chance to make these stunning views part of your everyday life. Don't miss out: This is a rare opportunity to own a quiet, view-packed starter home with room to grow. Schedule your tour today and make these mountain views your everyday reality!

38 Mystic Ln, Palmer Lake
$3,450,000
6 Beds ⋅ 6 Baths ⋅ 6276780 MLS
A bespoke English Modern estate spanning over 10,000 square feet on around 5 acre lot with Panoramic views from every direction of the beautiful mountain landscapes. Designed with timeless architecture, authentic natural materials, and exceptional craftsmanship. Inspired by classic European design, this one-of-a-kind residence showcases heirloom-quality finishes, artisan detailing, custom millwork, and sophisticated modern comforts. The chef’s kitchen is the centerpiece of the home, featuring handcrafted inset rift-sawn white oak cabinetry, a stunning 15-foot Carrara marble island, Spanish Zellige tile backsplash, integrated appliances, ILVE professional range, paneled double dishwashers, solid brass fixtures, and concealed storage, large pantry and a coffee/wine area. The dining room features wood ceiling beams and an Arhaus chandelier, while the living room offers a custom stone fireplace, built-ins, designer lighting, and a white oak stair railing. A dramatic 15-foot sliding glass door connects the interior to expansive outdoor living. The primary suite captures breathtaking panoramic views of Pikes Peak and the mountain landscape. Private spa sanctuary with heated marble floors, marble - clad walls and ceilings, double vanity, spa-inspired bath with double walk-in shower, quartzite surfaces, wall - mounted faucets, brass fixtures, custom cabinetry, make up vanity and a walk-in closet with laundry. The main level also offers a bunk bed room, additional bed, two full baths, powder room, mudroom, hallway pantry and office. The lower level has three additional bedrooms, large play room with high ceilings, kitchen, rock-climbing wall, theater, under stair playhouse, gym with rubber flooring, sauna, floor to ceiling mirrors, drinking fountain. There is also two additional basement bathroom. Over garage expansive loft. Three car garage with storage and Porte - cochere as well. Easy access to Santa Fe Trail.

615 Pioneer Camp Vw, Palmer Lake
$1,595,000
3 Beds ⋅ 4 Baths ⋅ 2685113 MLS
Historic Glen Park's most iconic & stunning property is available for the 1st time in 40 years! This enchanting 6.5 AC horse property located at the foot of Mt. Chautauqua has a seasonal pond, aspen groves, meadow & creek crossings all at 7,295 FT above sea level. Custom 1977 mountain contemporary with the perfect floor plan for entertaining! Living room features a remarkable 20' masonry FP, beams, 2 walkouts, plus a wall of windows for natural light. Main-level primary w/luxe retro en suite bath! Updated kitchen w/Brooks Brothers cabinetry, granite counters, stainless appliances, eating nook & built-in hutch! Spacious main family room/dining combo has FP & walks out! Basement is also a walkout & includes a wet bar w/custom woodwork, & FP! Huge storage area! Upper level includes two beds plus a full bath & EZ access attic storage! The huge wraparound deck will be your favorite place to just "be"! Active solar! The 2-story, concrete-block horse barn has 220V, stalls & a hay loft! Fenced for horses! Shed w/220V! Located just 2 blocks to Nat'l. Forest & the reservoir trailhead! Breathtaking views! Nearby park w/playground & pickle ball! Enjoy small town traditions, fun community events & unlimited outdoor recreation! You really can have it all! Strictly sold as-is. This is the ultimate opportunity to "live off the land"...grow a garden, raise horses, chickens & goats! Make this your modern homestead or hobby farm! Build a bunkhouse & offer trail rides up the mountain! Board horses! This is a OIAL opportunity...you have been dreaming it & here it is! For those planning for generational wealth, this property can be subdivided. Palmer Lake's R-3 medium-density zoning allows for 5,000 SF lots! Subdivide into larger custom home lots or smaller parcels for traditional cabins! Coined the Glen's "crown jewel", this is one of very few acreage properties that exist in this area…let alone at the base of a mountain with such easy Nat’l Forest access! No covenants/HOA!

222 Clio Ave, Palmer Lake
$410,000
3 Beds ⋅ 2 Baths ⋅ 2469592 MLS
Sitting in the heart of Palmer Lake, and just 1 block from the elementary school! Welcome to this charming 3-bedroom, 2 bath home offers the perfect blend of small-town living and outdoor adventure. Enjoy peace of mind with new vinyl windows, a newer on demand hot water heater, and a brand-new deck that's ideal for relaxing while taking in the surrounding scenery. Hot water baseboard heating as a wonderful upgrade. This would be a great first time home buyers property. Property is located at the base off Star Hill, known for the lights shining on the star above the town through the holiday! The property is just minutes from 'Palmer Lake', where you can enjoy fishing, swimming, paddleboarding, hiking, and year-round recreation. Experience this close-knit mountain community while still enjoying convenient access to I-25 and nearby amenities!

410 Thompson Pl, Palmer Lake
$3,450,000
6 Beds ⋅ 6 Baths ⋅ 9639683 MLS
An English Modern estate spanning over 10,000 square feet on around 5 acre lot with Panoramic views from every direction of the beautiful mountain landscapes. Designed with timeless architecture, authentic natural materials, and exceptional craftsmanship. Inspired by classic European design, this one-of-a-kind residence showcases heirloom-quality finishes, artisan detailing, custom millwork, and sophisticated modern comforts. The chef’s kitchen is the centerpiece of the home, featuring handcrafted inset rift-sawn white oak cabinetry, a stunning 15-foot Carrara marble island, Spanish Zellige tile backsplash, integrated appliances, ILVE professional range, paneled double dishwashers, solid brass fixtures, and concealed storage, large pantry and a coffee/wine area. The dining room features wood ceiling beams and an Arhaus chandelier, while the living room offers a custom stone fireplace, built-ins, designer lighting, and a white oak stair railing. A dramatic 15-foot sliding glass door connects the interior to expansive outdoor living. The primary suite captures breathtaking panoramic views of Pikes Peak and the mountain landscape. Private spa sanctuary with heated marble floors, marble - clad walls and ceilings, double vanity, spa-inspired bath with double walk-in shower, quartzite surfaces, wall - mounted faucets, brass fixtures, custom cabinetry, make up vanity and a walk-in closet with laundry. The main level also offers a bunk bed room, additional bed, two full baths, powder room, mudroom, hallway pantry and office. The lower level has three additional bedrooms, large play room with high ceilings, kitchen, rock-climbing wall, theater, under stair playhouse, gym with rubber flooring, sauna, floor to ceiling mirrors, drinking fountain. There is also two additional basement bathroom. Over garage expansive loft. Three car garage with storage and Porte - cochere as well. Easy access to Santa Fe Trail. Set your showing today!

615 Pioneer Camp Vw, Palmer Lake
$579,000
4 Beds ⋅ 4 Baths ⋅ 1983694 MLS
Nestled in the highly desirable Palmer Lake area, this beautifully maintained two-story home offers stunning mountain views and shows like new. Featuring 4 bedrooms, 3.5 bathrooms, and an ideal floor plan, this home blends comfort, style, and functionality. The inviting main level showcases engineered hardwood floors throughout, highlighted by a cozy gas fireplace in the dining area. The gourmet kitchen features granite countertops, abundant cabinetry, and a walkout to the spacious deck where you can relax and enjoy picturesque mountain views. Upstairs, you'll find three bedrooms plus a versatile loft, perfect for a home office, playroom, or additional living space. The spacious primary suite is a true retreat with a large walk-in closet and a luxurious five-piece ensuite bath. The professionally finished basement expands your living space with a generous family room, a fourth bedroom, and a full bathroom, making it ideal for guests, multi-generational living, or entertaining. Pride of ownership shines throughout this exceptionally well-cared-for home. Located in one of the area's most sought-after neighborhoods with easy access to hiking, parks, schools, shopping, and I-25, this move-in-ready property offers the perfect combination of scenic beauty, quality finishes, and everyday convenience. Don't miss your opportunity to own this exceptional Palmer Lake home!

859 Circle Rd, Palmer Lake
$410,000
3 Beds ⋅ 2 Baths ⋅ 1095980 MLS
Fantastic location sitting in the heart of Palmer Lake, and just 1 block from the elementary school! Welcome to this charming 3-bedroom, 2 bath home offers the perfect blend of small-town living and outdoor adventure. Enjoy peace of mind with new vinyl windows, a newer on demand hot water heater, and a brand-new deck that's ideal for relaxing while taking in the surrounding scenery. Hot water baseboard heating as a wonderful upgrade. This would be a great first time home buyers property. Property is located at the base off Star Hill, known for the lights shining on the star above the town through the holiday! The property is just minutes from 'Palmer Lake', where you can enjoy fishing, swimming, paddle-boarding, hiking, and year-round recreation. Experience this close-knit mountain community while still enjoying convenient access to I-25 and nearby amenities!

410 Thompson Pl, Palmer Lake
$570,000
4 Beds ⋅ 4 Baths ⋅ 1521682 MLS
Beautiful home in picturesque Palmer Lake! Main-level great room w/tall ceilings is swimming in natural light & is an inviting place to entertain! The gourmet kitchen is the center of the home with granite counters, a pantry & island seating! The dining space walks out to the composite south-facing deck where you will love to drink coffee & meet the morning sun! Expansive living room for gathering! Cozy gas fireplace, recessed lighting & a wall of windows showcases the views of the Front Range! The adorable powder room is uniquely placed off the stairway to the upper level! Upper level includes the primary bedroom with a walk-in closet and an en suite spa-like bath with a soaking tub, water closet, custom tile shower and a double vanity! There are two other bedrooms and another full bath on the upper level plus the sunny laundry room includes the washer & dryer! Brand NEW QUALITY FLOORING and NEW INTERIOR PAINT thru-out! New furnace in 2022! Central air! The lower level was utilized as office space for a family tech business…it includes one bedroom, a full bath, plus TWO offices or craft rooms, plus a game/flex room that walks out to the flagstone patio! Well water! Private, fenced back yard for pets & play! Attached 2-car garage! Extra wide concrete driveway provides ample parking with a spot for your RV (reinforced for a heavier rig), plus a 50-amp power supply! Well-built storage shed! Enjoy views that will replenish your peace! NO COVENANTS or HOA! Close to shopping & easy access to I-25! Excellent Lewis-Palmer schools! Palmer Lake is a little mountain paradise with two reservoirs, the Lake, unlimited outdoor recreation & smalltown traditions that are second to none! Walk to yoga or ride your bike up the Santa Fe Trail to the Palmer Lake Rec Area where you will find fishing, kayaking, paddle boarding, ice skating, disc golf, pickle ball, volleyball, a playground, trails & more! Palmer Lake is where love lives™?…and you should live here too!

861 Circle Rd, Palmer Lake
$550,000
5 Beds ⋅ 3 Baths ⋅ 5837812 MLS
Welcome to this beautifully updated 5-bedroom rancher with breathtaking views in historic Palmer Lake, now priced to make it yours. Tucked away on a quiet cul-de-sac, this home offers the perfect blend of peaceful living and everyday functionality. From the moment you step inside, you’ll notice the vaulted ceilings, engineered wood flooring, and a light-filled layout designed for connection and entertaining. The updated kitchen features quartz countertops, stainless steel appliances, and a stylish subway tile backsplash, opening seamlessly to a dining space that easily accommodates gatherings of 10+. The inviting living room centers around a cozy gas fireplace and walks out to a spacious deck, perfect for taking in mountain views and the iconic Palmer Lake Star. With two primary suites, this home offers flexibility for multi-generational living, guests, or short-term rental potential. The garden-level basement is filled with natural light and provides additional space for recreation, media, or relaxation. Step outside to a south-facing deck and fenced backyard where you can garden, keep chickens, or simply enjoy the Colorado lifestyle with frequent wildlife sightings. No HOA. No covenants. Just freedom and opportunity. Located just blocks from the Palmer Lake Recreation Area and National Forest trails, you’ll have access to paddle boarding, hiking, biking, pickleball, and year-round community events. Zoned for award-winning Lewis-Palmer School District and offering easy access to I-25. This property has been operated as a successful short term rental. All furniture and washer and dryer are negotiable. This is one of the best values currently available in Palmer Lake. Opportunities like this don’t last, schedule your showing and see the difference for yourself.

25 Sailing Way, Palmer Lake
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