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$980,000
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Property Description
Exceptional flexibility meets Palmer Lake living in this updated farmhouse ranch style home on a full acre-currently operating as a successful Airbnb and configured for multigenerational living. Tucked away with mountain views to the west, rock formations to the north and city lights to the east, the property offers two distinct living areas and room to spread out. The open main level is designed for everyday living and entertaining offering 3 bedrooms (one non conforming), an office, 3 baths and laundry right off the oversized garage . The large renovated kitchen opens directly to the great room, while large sliding doors bring in natural light and lead to an expansive Trex deck. The main level offers three bedrooms, one non-conforming, plus an office currently used as an additional bedroom and a private primary suite. The finished walkout lower level adds exceptional versatility. A second kitchen, oversized secondary primary suite with zero-entry shower, two additional bedrooms and a large family/game room create comfortable space for extended family, guests or rental use. Warm rustic finishes and built-in shelving add character, and the lower level can be closed off from the main residence when desired. Walkout access leads to the newly built oversized single-car garage, providing parking, workshop or storage space. Outside, enjoy coffee on the covered wraparound front porch, entertain on the back deck, or enjoy the lower patio and fenced backyard. Garden planters, a detached storage shed and an in-ground trampoline are just the beginning of what is possible in this outdoor space. Whether you're looking for a multigenerational home, an established short-term rental, a full-time residence with flexible guest space-or a combination of all three-this property offers options that are hard to find. Palmer Lake's trails, recreation, dining and small-town charm are all close by.
Full Property Details
Full Property Details for 703 Platt Ln
General
- Price: $980,000
- Taxes: $3,910 (2025)
- Status: Active
- Type: Single Family
- Source: PikesPeak
- MLS ID: 8121847
- Updated: 9/10/2026
- Added to Site: 30 day(s) ago
Interior
- Interior Features: 5-Pc Bath, Great Room
- Fireplace(s): Gas, Main Level, One
- Appliances: Cook Top, Dishwasher, Disposal, Double Oven, Dryer, Gas in Kitchen, Microwave, Refrigerator, Washer
- Flooring: Carpet, Ceramic Tile, Wood Laminate
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 2
- 3/4 Bathrooms: 1
- Half Bathrooms: 1
- Primary Bathroom: Ceramic Tile, Double Vanity, Free-standing Shower, Tub
Bedrooms
- Total Bedrooms: 5
- 1st/Main Floor Primary: Yes
Other Rooms
- Laundry: Basement, Electric Hook-up, Main
Additional Information
- Amenities: High Speed Internet Avail., RV Parking, Window Coverings
Parking
- Total Spaces: 4
- Garage Description: Attached, Detached, Garage Door Opener, Oversized, See Remarks
Location
- County: El Paso
- Subdivision: Platts
School Information
- High School District: Lewis-Palmer-38
- Elementary School: Palmer Lake
- Middle School: Lewis Palmer
- High School: Palmer Ridge
Heating & Cooling
- Cooling Type: Ceiling Fan(s), Central Air
- Heating Type: Forced Air
Utilities
- Sewer: Sewer
- Water: Municipal
- Utility Description: Cable Available, Electricity Connected, Natural Gas Connected, Telephone
Structural Information
- Property Detached: Yes
- Description/Design: Ranch
- Structure Type: Frame
- Construction Status: Existing Home
- Basement Desc.: Full Basement, Walk-Out
- Roof: Composite Shingle
- Windows: Vinyl
- Main/1st Level: 2,087 Sq. Ft.
- Finished Above Grnd: 2,087 Sq. Ft.
- Year Built: 2001
Additional Structures
- Other Structures: Storage Shed
Lot Features
- Lot Size (Acres): 1
- Lot Size (Sq. Ft.): 43,560
- Frontage: City/Town Road, Driveway, Gravel
- Driveway/Sidewalk: Concrete, Gravel
- Lot Description: 360-Degree View, Corner, Cul-de-Sac, Mountain View
- Fencing (Description): Rear, See Remarks
Financial Considerations
- Assoc Fee Freq.: Not Applicable
- Tax Amount: $3,910.55
- Tax Year: 2025
- Terms: Cash, Conventional, FHA, VA
Disclosures and Reports
- APN: 7108123007
Listed by The Platinum Group
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Price & Sales History for 703 Platt Ln
Date
Details
Price
Change
Source
9/10/2026
Listed
$980,000
40%
MLS
7/15/2020
Sold
$700,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 703 Platt Ln
Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,911
6%
$61,790
7%
2024
$3,705
3%
$57,730
—
2023
$3,595
9%
$57,730
24%
2021
$3,311
4%
$46,720
3%
2022
$3,182
-4%
$45,420
15%
2021
$3,311
21%
$39,630
6%
2019
$2,740
11%
$37,310
17%
2018
$2,470
—
$31,920
—
2017
$2,476
-1%
$31,920
2%
2016
$2,500
14%
$31,440
—
2015
$2,184
-11%
$31,440
—
2014
$2,450
—
$31,440
—
2013
$2,461
—
$31,440
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 703 Platt Ln
703 Platt Lane, Palmer Lake, CO 80133 (MLS# 8121847) is a Single Family property with 5 bedrooms, 2 full bathrooms and 2 partial bathrooms. 703 Platt Lane is currently listed for $980,000 and was received on September 10, 2026. Want to learn more about 703 Platt Lane? Do you have questions about finding other Single Family real estate for sale in Palmer Lake? You can browse all Palmer Lake real estate or contact a Coldwell Banker agent to request more information.

