Listing provided courtesy of Welcome Home CO, Inc.- MLS# 4964306MLS ProviderContact Information: (719) 422-6618

132 Rainbow PlaceColorado Springs, CO 80906

Single Family · 3 Beds · 1 Full Bath · 1 Three Quarter Bath · 1,791 Sq. ft. | 0.35 Acres
$610,000 Active

132 Rainbow Place Overview

Time on Site:
43 days
Visits:
0

WELCOME HOME to this beautifully remodeled rancher tucked into the heart of the highly sought-after Cheyenne Mountain area. Nestled on an incredible .35-acre lot surrounded by mature trees, this home perfectly blends timeless character, thoughtful updates, and an unbeatable location within award-winning D-12 schools. The charming 1956 brick exterior immediately sets the tone, offering warmth and curb appeal that feels both classic and inviting from the moment you arrive. Whether you’re sipping coffee from the welcoming front porch as the neighborhood slowly wakes up or enjoying a peaceful morning on the back deck overlooking the private backyard and pasture beyond, this home creates the kind of everyday moments that simply feel special. Inside, you’ll find a remodeled 3-bed, 2-bath layout filled with warmth, natural light, and elevated finishes throughout. Extensive renovations breathed new life to the home while preserving its original charm, including new windows, roof, gutters, furnace, water heater, upgraded electrical panel with arc fault breakers, new driveway & sidewalk, beautifully refinished original hardwood floors, high-end soft-close cabinetry, and top-of-the-line Whirlpool appliances. Two cozy wood-burning fireplaces create inviting gathering spaces, while the spacious family room with walk-out access seamlessly connects indoor and outdoor living. The oversized 2-car garage offers additional flexibility for storage, hobbies, or workshop space, and the paid-off solar adds long-term efficiency and value. Step outside and experience your own private Colorado retreat complete with a wood deck, pergola, raised garden beds, and room to relax, entertain, and unwind beneath the trees. Perfectly positioned minutes from Cheyenne Canyon, The Broadmoor, Cheyenne Mountain Zoo, Bear Creek Park, Downtown, Old Colorado City, Manitou Springs, trails, shopping, dining, and quick I-25 access, this location truly offers the best of Colorado living at the end of the Rainbow.

Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
View Map

132 Rainbow Place Facts & Features

  • Type Single Family
  • Sq. ft. 1,791
  • Price/Sq.ft. $341
  • Lot 0.35 Acres

Details

General

Association/HOA

  • Association Fee Frequency: Not Applicable

School Information

  • School District: Cheyenne Mtn-12

Building Information

  • Year Built: 1956

Location/Region

  • County Or Parish: El Paso
  • MLS Area Minor: Cheyenne Valley

Community/Development

  • Community Features: Dining,Hiking or Biking Trails,Lake/Pond,Parks or Open Space,Shops,See Prop Desc Remarks

Tax Information

  • Tax Annual Amount: 2440.31
  • Tax Year: 2024

General Information

  • Listing Terms: Assumable,Cash,Conventional,FHA,VA
  • Parcel Number: 7425401003
  • Property Sub Type: Single Family
  • Property Type: Residential

Interior

Beds/Baths

  • Bathrooms Full: 1
  • Bathrooms Half: 0
  • Bathrooms Three Quarter: 1
  • Bathrooms Total: 2
  • Bedrooms Total: 3

Building Interior

  • Building Area Total: 1791.0

General Information

  • Accessibility Features: Other
  • Appliances: Dishwasher,Disposal,Dryer,Microwave Oven,Range,Refrigerator,Self Cleaning Oven,Washer
  • Basement: Crawl Space
  • Cooling: Ceiling Fan(s)
  • Fireplace Features: Gas,Main Level,Two,Wood Burning
  • Flooring: Tile,Wood,Luxury Vinyl
  • Heating: Forced Air,Natural Gas,Passive Solar
  • Interior Features: Great Room,Other,See Prop Desc Remarks
  • Laundry Features: Electric Hook-up,Main
  • Living Area: 1791.00

Exterior

Parking Information

  • Parking Total: 2.00

Lot Information

  • Lot Size Acres: 0.3492
  • Lot Size Square Feet: 15210.00
  • Lot Size Units: SqFt
  • Water Source: Municipal

Building Exterior/Construction

  • Patio And Porch Features: Wood Deck,See Prop Desc Remarks
  • Property Attached: false
  • Roof: Composite Shingle
  • Structure Type: Frame

General Information

  • Fencing: Rear
  • Sewer: Sewer
  • Utilities: Cable Connected,Electricity Connected,Natural Gas Connected,Solar,See Prop Desc Remarks

132 Rainbow Place Neighborhood

Community

80906 (COLORADO SPRINGS) Demographics

39
Median Age
804
Population Density (per sq. mile)
55%
College Educated
$72,014
Estimated Median Income
9,580
Estimated Total Home Owners
5,630
Estimated Total Renters
63% / 37%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

132 Rainbow Place Monthly Cost

$
$ %
%
$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

132 Rainbow Place Market Data

Based on the last 30 days in this zip code

$867,307
Average List Price
$287
Average Price per Square Foot
64
Properties Sold
75
Average Days on Market
363
Properties for Sale
Calculations provided by Reliance Network

132 Rainbow Place History

Date Event Value Agent
6/28/2026Source: elevateMLS Status Change
Active
6/15/2026Source: elevateMLS Status Change
Under Contract - Showing
6/15/2026Source: elevateMLS Added to Database
May 18, 2026
6/15/2026Source: elevateMLS Added to Database
September 12, 2025