5540 Parapet, Colorado Springs, CO 80918

$1,740,000

This House is Amazing! Custom-built private sanctuary, perfectly situated on a large, private lot offering exceptional luxury, privacy, and breathtaking city and mountain views. This completely professionally remodeled and updated home is a rare opportunity for elegant living with incredible multi-generational potential. Professionally landscaped front, back, and side yards create… Read More a stunning outdoor setting, complete with new front decking, a fenced area, a spacious 20x12 second patio, and an oversized attached three-car garage. The backyard features a private staircase with direct access to the Sunset Mesa trails, allowing you to enjoy gorgeous panoramic views of Colorado Springs and the surrounding mountains right from your own property. Inside, a grand foyer welcomes you into a thoughtfully designed floor plan featuring a spacious home office suitable for two. The gourmet kitchen is truly a chef's dream, showcasing custom cabinetry, quartz countertops, a built-in double refrigerator, an eight-burner gas stove, a large center island, and a wine refrigerator. The adjacent dining area features a beautiful bay window overlooking the backyard and offers seamless access to outdoor entertaining with two walkouts - one leading to a covered seating area and the other to the garage entry. The main-level mudroom includes one of two laundry areas, custom tile flooring, and a convenient half bath. The formal living room is warm and inviting with a cozy gas fireplace and two additional walkouts for effortless indoor-outdoor living. The luxurious primary suite offers a private sitting area with one of six fireplaces, a large walk-in closet, a spa-inspired shower, and private outdoor access. Two additional bedrooms and a full bath complete the main level. Upstairs, a bright and versatile flex space offers abundant natural light, generous storage, and a gas fireplace, along with a private bedroom and adjoining 3/4 bath - perfect for guests or extended family. The basement is ideal for multi-generational living, featuring its own private entrance, full kitchen, laundry room, seating area, inviting fireplace, and a tranquil five-piece bath. Additional living space, another full bath, and an additional bedroom provide even more flexibility. Behind a concealed bookcase door, discover a private theater room, or relax and rejuvenate in your own infrared sauna. With two kitchens, two laundry areas, six fireplaces (three gas and three electric), abundant living space, and unmatched privacy throughout, this home offers a truly exceptional lifestyle. Conveniently located near Norwood Recreation Center, residents enjoy access to amenities including a pool, tennis courts, and outdoor grilling areas. This extraordinary property is the perfect multi-family home and a must-see opportunity. Read Less

Courtesy of REMAX PROPERTIES 719-548-8600

Listing Snapshot

Days Online

118

Last Updated

Jun 14, 2026

Property Type

Single Family Residential

Beds

Full Baths

Partial Baths

Square Ft.

7,068

Lot Size

0.79 Acres

Year Built

1991

MLS Number

8477977

30 Days Snapshot Of 80918

$534k

+16%

(avg) sold price

-52%

homes sold

-17%

(avg) days on market

Snapshot

Area Map

Additional Details

Appliances & Equipment

220v in Kitchen, Dishwasher, Disposal, Double Oven, Dryer, Gas in Kitchen, Kitchen Vent Fan, Microwave Oven, Other, Refrigerator, Washer

Basement

100 percent of basement finished

Building

7,068 total square feet, 7,068 finished square feet, 3,028 main floor square feet, 2,698 basement square feet, 1,342 upper floor square feet, Construction status: Existing Home, Built in 1991, Stucco, Framed on Lot

Fireplaces

Basement, Electric, Gas, Main Level, Upper Level

Foundation

Walk Out

Garage

Garage remotes: 3, 3 garage spaces, Attached, Garage Door Opener, Oversized

Water Features

Municipal

Interior Features

Floor plan: 2 Stories

Laundry

Basement, Main

Lot

0 acres, Backs to Open Space, Cul-de-sac, Lot size area: 34,412 square feet

Roof

Roof: Tile

Taxes

Tax amount: $3,453, Tax year: 2024

Utilities

Electricity Connected, Natural Gas Connected

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