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For Sale

321 S Graceland Grove

321 Graceland Grove, Colorado Springs, CO 80904

$1,000,000
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 3/4 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.

8
beds

5
baths

3,352 Sq.Ft. LIVING AREA

6,534 Sq.Ft. lot

Features & Amenities

Interior

  • total bedrooms8
  • Total bathrooms5
  • Fireplace Wood Burning, Wood Burning Stove

Area & Lot

  • Status For Sale
  • Living Area3,352 Sq.Ft.
  • Lot Area6,534 Sq.Ft.
  • MLS® ID1503871
  • TypeResidential
  • YEAR BUILT2006
  • Architecture Styles2 Story
  • View DescriptionMountain(s)
  • School DistrictColorado Springs 11

Exterior

  • STORIES2
  • Garage Space2.0
  • roofShingle
  • lot featuresCorner Lot
  • parkingDetached
  • HEAT TYPEForced Air
  • AIR CONDITIONINGCentral Air

Financial

  • Sales Price$1,000,000
  • Real Estate Tax $2,877/yr
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Schedule a Showing

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Schedule a Showing

I would love to show you this beautiful property. Please select your preferred date and time below. I will be in touch shortly to confirm your appointment.

Thank you for your interest in 321 Graceland Grove, Colorado Springs, CO 80904. We are reviewing your request and will be in touch shortly!

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