Price Reduction - Views - Lease to Own
Address
400 Valley Crescent Street, Palmer Lake, CO
Price
$ 1,675,000
Property Attributes
- MLS#8052021
- TypeSingle Family
- Listing Status Pending
- CountyEL PASO
- CityPalmer Lake
- NeighborhoodWillow Hill
- Zip80133
- StyleMountain Contemporary
- Year Built2001
- Taxes$ 5049
- Price$ 1,675,000
- Bedrooms5
- Full Bathrooms4
- Half Bathrooms1
- Sqr Footage4459
- Lot Size2.21 Acres
Data Source:
REColorado (MTOMLS)
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 |
| 9/1/2026 | 7$1,675,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Hot Water,Radiant |
| Cooling | Attic Fan,Other |
| Possession | Closing/DOD |
| Roof | Shingle |
| Appliances | Bar Fridge,Dishwasher,Disposal,Double Oven,Dryer,Microwave,Range,Range Hood,Refrigerator,Self Cleaning Oven,Tankless Water Heater,Washer |
| Garage Spaces | 2 |
| Patio/Porch Features | Covered,Deck,Front Porch |
| Architectural Style | Mountain Contemporary |
| Security Features | Video Doorbell |
| Construction Materials | Frame,Stucco,Wood Siding |
| Exclusions | Seller's personal property and any staged items. |
| Year Built | 2001 |
| View | Mountain(s) |
| Levels | Two |
| Property Subtype | Single Family Residence |
| Tax Year | 2025 |
| Ownership | Individual |
| County | El Paso |
| Property Type | Residential |
| HOA | No |
| Attached Garage | Yes |
| Contingency | None Known |
| Subdivision Name | Willow Hill |
| Facing Direction | North |
| Full Baths | 4 |
| Status | Pending |
| Directions | Please use your GPS of choice or call the listing agent directly. |
| High School | Palmer Ridge |
| City | Palmer Lake |
| Senior Community Y/N | No |
| High School District | Lewis-Palmer 38 |
| Lot Size Units | Acres |
| Lot Size Square Feet | 96267.6 |
| Listing Terms | 1031 Exchange,Cash,Conventional,Jumbo,Lease Purchase |
| Elementary School | Palmer Lake |
| Tax Annual Amount | 5049 |
| Home Warranty Y/N | No |
| Middle/Junior High School | Lewis-Palmer |
| Property Condition | Updated/Remodeled |
| Structure Type | House |
| Standard Status | Active Under Contract |
| Middle/Junior School District | Lewis-Palmer 38 |
| Elementary School District | Lewis-Palmer 38 |
Interior Features
| Interior Amenities | Built-in Features,Ceiling Fan(s),Central Vacuum,Entrance Foyer,Five Piece Bath,Granite Counters,High Speed Internet,In-Law Floorplan,Kitchen Island,Open Floorplan,Pantry,Primary Suite,Smoke Free,Soun |
|---|---|
| Basement | Bath/Stubbed,Finished,Partial,Walk-Out Access |
| Flooring | Bamboo,Carpet,Tile |
| Total Fireplaces | 2 |
| Fireplace Features | Basement,Family Room,Gas,Living Room,Wood Burning |
| Basement (Y/N) | Yes |
| Above Grade Finished Area | 3531 |
| Half Baths | 1 |
| Laundry Features | Sink |
| Total Bedrooms | 5 |
| Below Grade Finished Area | 928 |
| Main Level Bathrooms | 1 |
| Total Baths | 5 |
Exterior Features
| Exterior Amenities | Gas Valve,Lighting,Private Yard,Rain Gutters |
|---|---|
| Vegetation | Partially Wooded |
| Fencing | Partial |
| Parking Features | Asphalt,Exterior Access Door,Guest,Heated Garage,Oversized |
| Lot Features | Foothills,Landscaped,Many Trees,Rolling Slope |
| Water Source | Public |
| Total Parking | 6 |
| Lot Size Area | 2.21 |
| Building Area Total | 4459 |
| Lot Size Acres | 2.21 |
| Road Surface Type | Paved |
| Road Frontage Type | Public |
| Builder Model | Sarah Susanka |
| Road Responsibility | Public Maintained Road |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 80133
Price
Taxes
Year Built
Visits
The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO©. Real estate listings held by brokers other than Your Castle Real Estate - Colorado Springs are marked with the IDX Logo. This information is being provided for the consumers' personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified. September 20, 2026
Information deemed reliable but not guaranteed by the MLS. © 2026 Information and Real Estate Services, LLC.
Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules. © Copyright IRES.
The information being provided is for the consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
The IRES, LLC Data on this
The real estate listing information and related content displayed on this site is provided exclusively for consumers� personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information and related content is deemed reliable but is not guaranteed accurate by elevateMLS.
