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About This Home

This 4-bedroom, 2-bathroom single family at 324 Terrace Place in Manitou Springs, CO is listed for $615,000 ($338 per sqft). Built in 1963, the home offers 1,820 sqft of living space on a 0.19 acres lot.

Agent Description

Embrace the quintessential Colorado lifestyle in this Manitou Springs retreat, where sweeping views of Garden of the Gods await you from your private balcony. Perfectly positioned for both tranquility and convenience, this home sits just 3 minutes from the vibrant shops and dining of downtown Manitou, and a quick 10-minute drive to downtown Colorado Springs.

Wildlife is a natural part of the daily experience here, with deer frequently visiting the property and surrounding open space. The main level offers a bright, open-concept floor plan designed to maximize light and views. The living room flows seamlessly into a efficient kitchen featuring stunning granite countertops and a door that opens directly to the upper balcony, the ultimate spot for your morning coffee.

This level features two spacious, sun-filled bedrooms and a beautifully finished 3/4 bathroom with dedicated laundry facilities. The walkout basement level is an absolute goldmine. Currently operating as a highly profitable short-term rental, this space features a large family room, two additional bedrooms, a second 3/4 bathroom, its own full kitchen, and separate laundry area.

There are mini splits for heating and cooling in the living rooms of each level. The rooms have small wall heaters. Step outside to a private lower patio within the fenced-off yard space, and a relaxing hot tub. The City of Manitou has confirmed in writing that the short-term rental permit is easily transferable to the new owner if applied for shortly after closing!

Parking is exceptionally flexible to accommodate guests or tenants: the upper level utilizes a convenient front carport, while separate off-street parking spaces at the back of the property can be dedicated to the lower level. For added peace of mind, this property includes a transferable home warranty. Cute, charming, and packed with financial potential, this unique property is ready to be yours.

Key Features

  • Built in 1963
  • 0.19 acre lot

Property Details

2 full
1963

Monthly Cost Estimate

$3,289/mo

20% down · 6.5% · 30 years

Principal$445
Interest$2,665
Insurance$179

Estimates only. Actual payments may vary.

Location

324 Terrace Place

Manitou Springs, CO 80829

Property Details

Parking

Carport

Heating

Electric (Heating)

Questions & Answers

This 4-bedroom, 2-bathroom single family at 324 Terrace Place is listed at $615,000 ($338/sqft). The estimated monthly payment is $2,665 based on 20% down at 6.5% interest.

Key features include: Built in 1963, 0.19 acre lot.

This property is listed by Jessica Pero and can be reached at (303) 548-6868 or jessica.pero@redfin.com.

JP

Jessica Pero

Agent at Redfin Corporation

(303) 548-6868

Listed by Redfin Corporation · View on Broker Site

MLS# 2536115· Source: listhub· Updated today

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324 Terrace Place, Manitou Springs, CO 80829

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