Palmer Lake Homes under $400,000

Palmer Lake Homes under $400,000

Welcome to Palmer Lake, Colorado—a hidden gem nestled in the heart of El Paso County. This picturesque town, surrounded by stunning natural beauty, offers a serene escape from the hustle and bustle of city life. With its charming small-town atmosphere, Palmer Lake is the perfect place for families, retirees, and outdoor enthusiasts alike.

One of the most appealing aspects of Palmer Lake is its breathtaking scenery. The town sits at an elevation of over 7,000 feet, providing residents with awe-inspiring views of the Rocky Mountains. Outdoor activities abound here, with hiking, biking, and fishing opportunities just a stone's throw away. The iconic Palmer Lake itself is a local favorite for picnics, kayaking, and leisurely strolls along the scenic trails that wind around its shores.

For those looking to make Palmer Lake their home, you'll be delighted to discover that this enchanting town offers a variety of homes priced under $400,000. Whether you’re searching for a cozy bungalow or a charming single-family home, there are options to suit every taste and budget. These affordable properties not only provide a comfortable living space but also a chance to embrace the vibrant community spirit that Palmer Lake is known for.

With a strong sense of community, excellent schools, and easy access to nearby attractions like Monument and Colorado Springs, Palmer Lake is an ideal location for anyone looking to enjoy the best of Colorado living. Don’t miss your chance to explore this enchanting town and discover your dream home in Palmer Lake, where adventure and tranquility await!

Newest Palmer Lake Homes under $400,000

172 Shady Ln, Palmer Lake
$399,000
2 Beds ⋅ 1 Baths ⋅ 791 SqFt. ⋅ ACTIVE Status
Welcome to the Way Side: a charming cottage with a love story, tucked beneath the towering pines in Palmer Lake’s historic Glen. Known as the “Honeymoon Cottage” beginning in the mid-1930s, this sweet retreat welcomed newlyweds for decades. Recently, two generations of couples returned to share memories of spending their first days of marriage here. Tears flowed as they toured the cottage, remarking that its special energy remained unchanged. You can feel it, too! The Way Side captures a simpler time—mountain getaways, fresh air, starry nights, and afternoons well-spent spent outdoors. Original doors, windows, cabinetry, and other vintage details preserve its character, while thoughtful improvements, including a metal roof, updated electrical and plumbing, new flooring, and lighting, bring modern comfort. A welcoming vestibule opens to true main-level living with a cozy living room featuring classic wainscoting, a spacious kitchen with tile floors, stainless appliances and room for an island, two bedrooms, full bath, and laundry with full-size washer and dryer. The generous enclosed, screened porch practically begs for a good book and an afternoon thunderstorm! Outside, enjoy the sounds of the nearby creek, views of Ben Lomand Mountain and Elephant Rock, mature trees perfect for a hammock, and a storage shed for your gear. Adventure begins at your doorstep! The Creekside Trail is steps away, connecting to National Forest, the reservoirs, and miles of trails. Walk to Palmer Lake for fishing, pickleball, disc golf, volleyball, and community recreation. Across the creek, an emerging eco-spa and outdoor amphitheater add to the area’s appeal. Just a block from the historic Pinecrest wedding venue, the Way Side offers intriguing short-term rental potential. Perhaps it’s time to revive the “Honeymoon Cottage”? Whether this your first home, your mountain escape, or an investment opportunity, the Way Side has a long history of love—and is ready for its next chapter!

172 Shady Ln, Palmer Lake

Courtesy of Main Street Brokers. 719-481-4810

74 Vale Cir, Palmer Lake
$379,000
3 Beds ⋅ 3 Baths ⋅ 1,483 SqFt. ⋅ ACTIVE Status
***$10K towards Buyer’s Choice of rate buy-down, closing costs or pre-paid HOA dues!!!*** Embrace small mountain town living at Willow Creek—where low-maintenance living frees up your time and energy for the “good stuff!” Perfectly positioned in the heart of town, this turnkey townhome-style condo lets you spend less time on upkeep and more time enjoying everything that makes Palmer Lake so special! The kitchen features classic oak cabinetry, a pantry, breakfast bar, and all appliances! The dining area is filled with morning sunshine and showcases gorgeous views of Ben Lomand Mountain! A convenient powder room completes the main level! The inviting living room centers around a cozy gas fireplace, with west-facing windows framing Sundance Mtn. & Mt. Chautauqua, Colorado’s natural beauty. Recent updates include newer paint, carpet, luxury vinyl plank flooring, lighting, disposal, and a water heater (2022), plus a new furnace (2024). Upstairs, the primary suite offers vaulted ceilings and breathtaking views, along with a second bedroom and laundry closet with a new stackable washer and dryer. The finished basement features a third bedroom, private ¾ bath, and garage access—ideal for guests or roommates. Enjoy your private patio, a welcoming community with a playground, and new roofs in progress. Just one block to the lake, the Market, great restaurants, coffee, and the Palmer Lake Recreation Area—with year-round activities and events like the Palmer Lake Wine Festival, the 4th of July Fireworks and the .5K Donut Run! Close to the Santa Fe Trail, National Forest access for miles and miles of trails to explore! Palmer Lake isn’t just a great place to live —it’s a lifestyle! Smiling faces, 4 mountains, 2 reservoirs and a spring-fed lake (a rare occurrence on a mountain divide), and unlimited outdoor recreation like hiking, biking, paddle boarding, fishing, disc golf, pickleball, and so much more! This is where quality of life is abundant, and oh, so easy!

74 Vale Cir, Palmer Lake

Courtesy of Main Street Brokers. 719-481-4810

42 Vale Cir, Palmer Lake
$374,000
3 Beds ⋅ 3 Baths ⋅ 1,464 SqFt. ⋅ ACTIVE Status
Experience charming mountain town living in this beautiful Townhome featuring 3 bedrooms and 3 bathrooms across 1,438 square feet. Well taken care of with granite counters and LVP updates you are looking for. Enjoy stunning mountain views from your private setting walkout back patio and relax in the inviting living area with a cozy fireplace. The kitchen opens to the living room and dining area with granite counters, stainless steel appliances, a stylish farmhouse sink, kitchen pantry, and luxury vinyl plank flooring for durability and elegance. Upper level includes the primary suite with a adjoining full bathroom, another bedroom/office and stackable washer and dryer. The basement bedroom also includes a adjoining 3/4 bathroom. Granite countertops are throughout the kitchen and bathrooms. West facing oversized one car garage providing natural sunlight to melt the snow and plenty of guest parking to include a parking spot in front of the home. Enjoy the ease of maintenance-free living in a great location—close to Palmer Lake, parks, restaurants, and D38 Schools. With an easy commute to Denver or Colorado Springs and proximity to the United States Air Force Academy, this home truly has it all!

42 Vale Cir, Palmer Lake

Courtesy of Keller Williams Clients Choice Realty. 719-535-0355

47 Vale Cir, Palmer Lake
$365,000
3 Beds ⋅ 3 Baths ⋅ 1,122 SqFt. ⋅ ACTIVE Status
Experience the best of Colorado mountain town living in this beautifully located Palmer Lake townhome! Just moments from Palmer Lake, scenic hiking and biking trails, parks, and local dining, this home places outdoor adventure right outside your door. Enjoy low-maintenance living in one of the Front Range's most sought-after communities, conveniently situated between Colorado Springs and Denver. Whether you're looking for your first home, a weekend getaway, or an investment property, you'll love the combination of charm, convenience, and year-round recreation this location provides

47 Vale Cir, Palmer Lake

Courtesy of Keller Williams Premier Realty. 719-445-0234

76 Vale Cir, Palmer Lake
$379,000
3 Beds ⋅ 3 Baths ⋅ 1,417 SqFt. ⋅ ACTIVE Status
Easy living Palmer Lake condo! Lots of natural light & mountain views from every window. Brand NEW CARPET. Main level 3rd Bedroom or Office. Ample eat-in Kitchen. Cozy Living Room w/gas fireplace! Primary Bedroom w/vaulted ceiling & ensuite full Bath. This END UNIT has 3 full Baths and a great floorplan for families or roommates. Laundry Room with storage space and a TWO-CAR Garage. Come enjoy the Palmer Lake lifestyle; mountains, reservoirs, creeks, a waterfall, hiking trails and the Lake! Outdoor recreation is second to none! Fishing, hiking, biking, kayaking, disc golf are all outside your front door! Walk to quality restaurants, a coffee shop, museum & library. Conveniently located with easy access to I-25 for Colo Springs or south Denver commuters and close to Tri-Lakes shopping, dining, entertainment and recreation. Great District 38 schools (easy walk to the elementary school!). Enjoy a great mountain town lifestyle right on the front range that you will love coming home to!

76 Vale Cir, Palmer Lake

Courtesy of Assist-2-Sell Buyers & Sellers Choice. 719-487-1777

30 Vale Cir, Palmer Lake
$375,000
3 Beds ⋅ 3 Baths ⋅ 1,236 SqFt. ⋅ ACTIVE Status
Nestled in the scenic charm of Palmer Lake, this beautifully maintained two-story end-unit townhouse offers comfort, space and exception mountain views. Unlike most units in the community, this home features a rare two car garage, complete with added cabinetry and shelving for extra storage. The laundry area is located off the garage - washer and dryer included. Upstairs, the main level welcomes you with laminate flooring and an inviting, open layout. The kitchen is thoughtfully designed with granite countertops, electric range, microwave, dishwasher, refrigerator, eye-catching tile backsplash and modern floating shelves. The adjoining living room is warm and bright, highlighted by a gas fireplace, a fandelier ceiling fan and stunning views that truly set this home apart. Also on the main level is a versatile bedroom - currently used as an office, with closet and a full bathroom featuring a tub/shower combination. The upper level is dedicated to rest and relaxation. The spacious primary suite includes a walk-in closet with a cozy sitting area and a fandelier ceiling fan for added comfort The attached full bath offers a tub/shower combo. A second upstairs bedroom provides even more flexibility, complete with dual closets, incredible views and access to an additional full bathroom with a tub/shower combination. Ideally located with quick access to I-25 this home makes commuting to Colorado Springs or Denver a breeze, while still offering the peaceful lifestyle and natural beauty that makes Palmer Lake so desirable. Shopping, dining and outdoor recreation are all within easy reach.

30 Vale Cir, Palmer Lake

Courtesy of Exp Realty LLC. 888-440-2724

Start Your Search


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 the Pikes Peak REALTOR® Services Corp d/b/a elevateMLS.

How much is your home worth?

Get instant property value now!