Price Reduction - Views - Lease to Own

Address

400 Valley Crescent Street, Palmer Lake, CO

Listing Type

Active

Price

$ 1,675,000

Property Attributes

MLS#7983934
TypeSingle Family
Listing Status Active
CountyEL PASO
CityPalmer Lake
NeighborhoodPalmer Lake
Zip80133
StyleSingle Family
Year Built2001
Taxes$ 5049
Price$ 1,675,000
Bedrooms5
Full Bathrooms4
Half Bathrooms1
Sqr Footage4459
Lot Size2.21 Acres

Data Source:

elevateMLS

Property Description

Short-term rentals are allowed and owners will consider a lease purchase at this 5-bedroom, 5-bath Palmer Lake property, offering a rare opportunity to own a distinctive Colorado retreat designed to accommodate groups. Inspired by Sarah Susanka’s designs and built by local craftsman Tom Day, the 4,459-square-foot home sits on 2.21 wooded acres with Monument Creek running through the property, combining thoughtful architecture with a floor plan exceptionally well suited for hosting. Handcrafted alder millwork, custom glass transoms, bamboo flooring and built-ins give the home character throughout. Multiple gathering and sleeping areas span three levels, including a private upper guest suite with its own staircase from the garage, bedroom, full bath and sitting area. The walk-out lower level adds another bedroom and full bath, large family room, wood-burning fireplace and wet bar. Bonus and flex spaces offer options for a game room, media room, gym or additional sleeping space. The main level brings everyone together with an open kitchen, dining and living area, oversized island, gas fireplace and deck access. Outside, private trails wind through the property to secluded sitting areas along Monument Creek and direct access to the Palmer Lake Reservoir Trail. Guests can walk to Palmer Lake for kayaking, paddleboarding, fishing and disc golf, Glen Park for tennis and pickleball, or cross the pedestrian bridge into town for restaurants and coffee. Six parking spaces, an oversized garage, covered porch, composite deck and walk-out patio make hosting even easier. Mountain views, radiant heat, tankless hot water, whole-house audio, central vacuum and hardwired internet add comfort and convenience. At night, step onto the back deck beneath the stars and Milky Way—an unforgettable part of the Palmer Lake experience. Enjoy it as a primary home, second home or income-producing short-term rental.

Elementary School	Middle School	High School
Palmer Lake Elementary School	Lewis Palmer Middle School	Palmer Ridge High School

Price History
7/14/2026	Listed $1,795,000
9/3/2026	7$1,675,000

General Features

Living Area	4459.0
Sewer	Sewer
Heating	Hot Water,Radiant
Cooling	Attic Fan,Ceiling Fan(s)
Utilities	Electricity Connected,Natural Gas Connected
Roof	Composite Shingle
Appliances	Dishwasher,Disposal,Double Oven,Dryer,Microwave Oven,Range,Refrigerator,Washer
HOA Fee	0.0
Patio/Porch Features	Composite,Concrete
Year Built	2001
Miscellaneous	Attic Storage,Auto Sprinkler System,Breakfast Bar,Central Vacuum,High Speed Internet Avail.,Kitchen Pantry,RV Parking,Secondary Suite w/in Home,Wet Bar,Workshop
Property Subtype	Single Family
Tax Year	2025
Parcel Number	7105315009
ConstructionStatus	Existing Home
Assoc Fee Paid Per	Not Applicable
County	El Paso
Property Type	Residential
HOA	No
Full Baths	4
Status	Active
High School	Palmer Ridge
City	Palmer Lake
High School District	Lewis-Palmer-38
Lot Size Units	Acres
Lot Size Square Feet	96267.6
Elementary School	Palmer Lake
Property Attached Y/N	No
Tax Annual Amount	5049.26
Middle/Junior High School	Lewis Palmer
Lot Description	360-degree View,Foothill,Mountain View,Sloping,Stream/Creek,Trees/Woods
MLS Area Minor	Willow Hill
Additional Parcels Y/N	No
Virtual Tour	https://vimeo.com/1209025774?share=copy&fl=sv&fe=ci
Assessments Y/N	No
Structure Type	Frame
Standard Status	Active
AttributionContact	720-309-3014

Interior Features

Interior Amenities	5-Pc Bath,6-Panel Doors,9Ft + Ceilings,Crown Molding,French Doors,Great Room
Basement	Partial Basement,Walk Out
Flooring	Carpet,Ceramic Tile,Wood
Fireplace Features	Basement,Gas,Main Level,Wood Burning
Entry	Natural Wood
Above Grade Finished Area	3531.0
Half Baths	1
Laundry Features	Upper
Total Bedrooms	5
Total Baths	5

Exterior Features

Siding	Stucco,Wood
Fencing	Front
Water Source	Municipal
Total Parking	2.0
Landscaped	All
Driveway	Paved
Garage Type	Attached
Lot Location	Hiking Trail,Near Park
Lot Size	2.21
Building Area Total	4459.0
Lot Size Acres	2.21