Palmer Lake Homes with Walk-Out Access Basement

Welcome to Palmer Lake, Colorado—a hidden gem nestled in the heart of El Paso County. This charming town, surrounded by the breathtaking beauty of the Rocky Mountains, offers a unique blend of small-town charm and outdoor adventure. With its serene lakes, lush forests, and stunning vistas, Palmer Lake is a haven for nature lovers and those seeking a peaceful lifestyle.

One of the standout features of homes in Palmer Lake is the availability of properties with walk-out access basements. Imagine stepping out from your lower level into a beautifully landscaped backyard, where you can enjoy morning coffee while soaking in the picturesque views or host gatherings with friends and family under the Colorado sun. These basements not only provide additional living space but also enhance the overall functionality of your home, perfect for creating a cozy retreat or a vibrant entertainment area.

The community of Palmer Lake is known for its friendly atmosphere and strong sense of belonging. Residents enjoy a variety of local amenities, including charming shops, delightful eateries, and outdoor recreational opportunities. Hiking, biking, and fishing are just a stone's throw away, making it easy to embrace the Colorado lifestyle.

Whether you're looking for a serene place to call home, a weekend getaway, or an investment opportunity, Palmer Lake offers a unique blend of natural beauty and community spirit. Explore the possibilities of homes with walk-out access basements and discover the perfect setting for your next chapter in this picturesque town. Welcome home to Palmer Lake!

Newest Palmer Lake Homes with Walk-Out Access Basement

$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 Avenue, Palmer Lake

Courtesy of Main Street Brokers . 719-481-4810

$1,675,000

5 Beds ⋅ 5 Baths ⋅ 8052021 MLS

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.

400 Valley Crescent Street, Palmer Lake

Courtesy of Engel & Volkers Denver . Juliee.Ragusa@engelvoelkers.com,228-304-2319

$550,000

5 Beds ⋅ 3 Baths ⋅ 8458227 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

Courtesy of eXp Realty, LLC . karie@kmclainhomes.com,719-213-7414

$609,000

3 Beds ⋅ 2 Baths ⋅ 8883635 MLS

Welcome to "Almost Heaven" beautiful and charming Palmer Lake. This stunning small mountain town is rich in nature with majestic mountains and butte views. It's convenient location at the foothills of the Rocky Mountains provides easy access to both Denver and to Colorado Springs. It is both quiet and peaceful yet filled with a calendar of family friendly events. The great spring-fed lake offers fishing, kayaking, paddle boarding, ice fishing and ice hockey and it is surrounded with a walking path. You can also enjoy the pickle ball court, disc golf, hiking, bike riding and so many other recreational activities that you are only limited by your imagination. This small town Forth of July celebration is a huge blast. This home offers a newly updated kitchen with granite countertops, subway tile, a new sink and garbage disposal and great stainless steel appliances, all new luxury vinyl floors and new carpet, newly renovated bathroom, some new lighting and ceiling fans. The roof has also been upgraded with the highest rated impact-resistant class 4 shingles. The lot is .30 square foot providing plenty of open space. Your evenings can be filled with the serenity of the panoramic views and cool mountain air while you sit out on your deck or patio. This home and location has so much to offer, call now for a showing.

320 Columbine Road, Palmer Lake

Courtesy of Main Street Brokers . realtybyloriebeck@gmail.com,719-641-0477

Start Your Search

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 Max Ferguson Realtor 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. IDX Terms and Conditions