321 Graceland Grove, Colorado Springs, CO 80904
Local realty services provided by:ERA Shields Real Estate
Listed by:nathan johnson abr crs gri mrp
Office:re/max real estate group llc.
MLS#:8221419
Source:CO_PPAR
Price summary
- Price:$1,200,000
About this home
Discover 3 newly built, fully permitted living units—each with its own kitchen & laundry—on one expansive, versatile property designated as a Single Family Residence. Perfect for multi-generational living, steady rental income, an allowed STR with license, or a combination of all.
Unit One features 2 bedrooms, a full kitchen, laundry, a cozy living room with a wood-burning fireplace, true oak flooring, and a modern bathroom with a spacious shower. Outside, enjoy a private yard with a generous garden—ideal for owners, tenants, guests, or extended family.
Unit Two offers all-tile flooring, 2 bedrooms, one full bath, a comfortable family room, a full kitchen with a large peninsula for bar seating, and its own laundry. The layout works beautifully for long-term rentals, short-term rentals (Airbnb or VRBO), or visiting friends and family.
Unit Three, or the main house, is the showpiece. The main level includes oak floors, a full kitchen with dual sinks, a dining area, and a ¾ bath. Upstairs, you’ll find 4 bedrooms, 2 composite decks, a family room with mountain views, and a laundry room. The primary suite impresses with a large walk-in closet, attached nursery or office, and a luxurious 4-piece ensuite bath.
Outdoor living shines with a spacious courtyard, a tree covered composite deck for entertaining, and an oversized, fully finished, and insulated 3-door (2-car) garage with a wood-burning stove & heated kitchenette -plus 5 extra parking spaces for guests or tenants.
Every detail has been thoughtfully upgraded including high-end finishes, modern kitchens & baths, expanding foam insulation, and updated fixtures, all blending style with comfort.
Whether you choose to live in one unit and rent the others, or lease all three for maximum income potential, this Architect-owned property offers unmatched versatility, security cameras for peace of mind, and exceptional value in a single-family setting.
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Home facts
- Year built:2006
- Listing ID #:8221419
- Added:123 day(s) ago
- Updated:September 20, 2025 at 02:09 PM
Heating and cooling
- Cooling:Central Air, Wall Unit(s)
- Heating:Forced Air
Structure and exterior
- Roof:Composite Shingle
- Year built:2006
- Lot area:0.15 Acres
Utilities
- Water:Municipal
Finances and disclosures
- Price:$1,200,000
- Tax amount:$2,876 (2024)
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