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705 E Hills Road, Colorado Springs, CO – $320,000

  • 2 Beds
  • 1 Bath
  • 624 Sqft
  • .35 Acres
  • 2 Beds
  • 1 Bath
  • 624 Sqft
  • .35 Acres

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705 E Hills Road

PRICE REDUCED! INCREDIBLE INVESTMENT OPPORTUNITY! This property offers exceptional potential for the right buyer. With vision and renovation, it could be transformed into a charming single-family home surrounded by nature. The lot features mature trees, natural rock formations, and lush landscaping that create a serene, mountain-like atmosphere. Previous plans included adding koi ponds throughout the property—an idea that could easily be revived to create a stunning garden retreat. For developers, the possibilities are even greater. The seller has consulted with the city and was informed that this one-third-acre lot may be suitable for two duplexes and two ADU structures (buyer to verify all information and perform their own due diligence). The owner is open to owner-carry financing but prefers an outright sale. Discover the potential this unique property holds—whether as a private sanctuary or a smart investment project!

Listing Office: HomeSmart

Essential Information

  • MLS® #5562861
  • Price$320,000
  • Bedrooms2
  • Bathrooms1.00
  • Full Baths1
  • Square Footage624
  • Acres0.35
  • Year Built1946
  • TypeResidential
  • Sub-TypeSingle Family Residence
  • StyleBungalow
  • StatusActive

Community Information

  • Address705 E Hills Road
  • SubdivisionReeves
  • CityColorado Springs
  • CountyEl Paso
  • StateCO
  • Zip Code80909

Amenities

  • Parking Spaces5
  • Parking220 Volts
  • # of Garages2

Utilities

Electricity Available, Electricity Connected, Phone Available

Interior

  • HeatingForced Air
  • CoolingNone
  • StoriesOne

Exterior

  • Exterior FeaturesBarbecue, Private Yard
  • Lot DescriptionMany Trees
  • RoofShingle
  • FoundationBlock

School Information

  • DistrictColorado Springs 11
  • ElementaryQueen Palmer
  • MiddleGalileo
  • HighPalmer

Additional Information

  • Date ListedJuly 3rd, 2025
  • ZoningR-2

Listing Details

  • HomeSmart
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Listing information last updated on October 27th, 2025 at 10:04am MDT.