Features:

• Barn
• Romantic
• Wedding Venue

Lifestyle:

• Golf
• Horse
• Ski

Business Description:

Don’t Miss This Incredible Opportunity BID, BUY AND OWN, this versatile 29-acre Colorado estate offering a rare potential as either a luxurious private estate or a profitable investment as an Inn, wedding venue and more, this property blends seclusion, accessibility, and unmatched opportunity along with unobstructed views of the Spanish Peaks.


SELLING TO THE HIGHEST BIDDER REGRDLESS OF PRICE- NO MINIMUM, NO RESERVE ON MAY 29TH!

Spacious & Charming
The heart of the estate is a 7-bedroom, 7-bathroom home spanning approximately 7,500 square feet across three stories. Originally designed and operated as a private inn, the home features over 30 distinct spaces, including a wine tasting room with underground cellar, a piano bar-style dining room, a cozy bistro, and multiple kitchens. The primary suite includes its own private patio and solarium, while the main great room opens onto a spacious deck with sweeping views of the manicured grounds. Practical spaces like two laundry rooms, a ground-floor office, a studio, and ample storage are tucked throughout the home, blending charm and functionality.
More Than Just a Home
Beyond the main house, Pennington Place's charm continues throughout its sprawling grounds. Visitors are greeted by a gated entrance and a winding 900-yard private drive that leads to the residence. The estate includes a variety of thoughtfully constructed and creatively styled outbuildings, such as a small wedding chapel with a lighted garden aisle, a finished pickleball court with its own viewing shack, a garden bar for champagne toasts, and a smokehouse adorned with vintage cigar memorabilia. Greenhouses, patios, workshops, and shaded pergolas complete the landscape, providing a picturesque setting for weddings, retreats, wellness events, or private relaxation.
Estate or Investment?

What sets this property apart is its dual potential. As a private residence, it offers room for a large or multi-generational family to thrive in luxury and comfort, all while enjoying the feel of a rural retreat just minutes from town. Or as an investment, the estate is fully furnished and turn-key ready for vacation rental platforms like Airbnb or VRBO, or to operate as a bed and breakfast, wellness spa, or corporate retreat center. With direct highway frontage and significant passing traffic, the commercial potential is substantial—especially if future signage is added.


A Dream Location
Just outside Walsenburg, Colorado, on 29 private acres with direct frontage along US Highway 160, lies a property unlike any other. Pennington Place Inn is a one-of-a-kind estate that blends rustic elegance, hospitality potential, and multi-generational livability. Whether you're dreaming of a grand family home or scouting for your next investment property, this estate delivers flexibility, beauty, and opportunity in equal measure.


Additional Details:
The estate benefits from both city water and a certified private well, a rare and valuable combination. A new 40 HP pump was installed in 2023, and the property also features a private septic system. The home’s exterior was recently refinished with professional paint and stain, and the roof is just six years old, making this a low-maintenance, high-reward opportunity.

Don’t let this gem of an opportunity slip through your fingers. Bid Today!
For more information about the property or the auction - give us a call or visit our website.

POTENTIAL USES:
• FULL-SERVICE WEDDING VENUE
• CORPORATE RETREAT HEADQUARTERS
• VRBO WITH MAID’S QUARTERS
• EVOLVE WITH MAID’S QUARTERS
• AIRBNB
• FULL-SERVICE INN
• BED AND BREAKFAST
• WELLNESS CENTER
• SPA RETREAT
• CONVENTION SITE FOR SMALL BUSINESS
• PICKLEBALL GETAWAYS
• BIRDWATCHERS RETREAT
• DARK SKIES RETREAT
• EXECUTIVE/LARGE FAMILY HOME
• MULTIPUL FAMILY HOME
• HUNTING LODGE


AT-A-GLANCE

• 1 ½ miles west of the main street of Walsenburg, north side of US Hwy 160
• Gated entrance to 29 private acres, 11 of which have frontage to Hwy160 and deed separately
• Fully Furnished and Turnkey Ready: from furniture, to linens, to artwork and more
• Approx. 7500+ sq ft, 3 story structure, 7 beds, 7 baths.
• Wood and stucco finish.
• Architectural shingles, 6 yr. old roof.
• Entire exterior surfaces, all trim, windows, doors professionally stained/painted May 2022.

THE PRIVATE GROUNDS INCLUDE:

• Regulation Asphalt Pickleball Court: surrounded by 8’ chain link fence, and a quaintly decorated Pickleball “Shack”, insulated, finished and painted, with turf grass carpet, for equipment, chairs, coolers, card table etc., 15’ from the court with unobstructed views of the Spanish Peaks.
• Certified 220’ Well: inspected, registered, new 40 HP pump installed 2023.
• Small Wedding Chapel: led up to by 80’ “aisle” bordered by lighted flower gardens and fountains. Insulated, textured and painted, carpeted, with tiny indirect, twinkle lighting. Fully decorated and ready for small intimate weddings.
• Equipment Shed, for lawn mowers, gardening tools, chemicals, fertilizers, etc., and space for winter storage of lawn furniture and fountains, etc.
• Large “observation deck”: overlooking lawns, flower gardens and “custom made arches” holding hand blown glass bowls.
• The Garden Bar: Small horseshow bar with bar stools and standing room, windows and French doors. Insulated, sheet rocked, textured and painted, with artificial turf grass carpet. (Used many times for weddings, champagne toasts, etc.)
• The Smoke Haus: Insulated, finished and painted, carpeted, decorated with cigar and pipe memorabilia, small bar with storage, card playing table and chairs, sliding glass doors to front deck, suitable for bird watching or just watching the grass grow on the large manicured lawns.
• The Pergola: Covered wooden deck overlooking the west patio, lawns, trees and flower gardens.
• Potting Shed: Work benches, shelving, garden tools, chemicals, storage space, located next to the west patio area, seating and tables for 20-30 guests.

NORTH SIDE: BACK OF HOUSE

• 8 x 12 “She Shed”: double doors and window
• 8 x 12 Barn: with lofts for storage, two windows
• 12 x 18 Workshop: Work benches, shelving, high ceiling for wood storage, 3 windows.
• 10 x 12 Storage Shed: Double doors and small porch/deck.
• Concrete Patio: accessible from second floor back door, studio door, morning room door, and wine cellar tasting room door.
• Two Greenhouses: both next to water spicket, wired with 110. One greenhouse 9 x 16, metal framed, completely covered with chicken wire, incl. top. One greenhouse 20 x 20, surrounded by 8’ chain link fence.
• Graveled Pathway: wide enough for tractor/pickup etc., around entire 7 acres that the house/inn sits on.

Terms of Sale:

Property Address: 24857 US Highway 160, Walsenburg, CO 81089-9524

Auction: No Minimums, No Reserves

Bidders Registration: All prospective buyers must register to bid. An initial deposit of $20,000 in the form of a cashier’s check or wire transfer payable to Prestige Real Estate Auction will be required to bid at the auction along with a signed Terms and Conditions, Property Information Package Receipt and Bidder Registration Card and Initial Bid Form. The $20,000 deposit will be immediately returned in the event the bidder is unsuccessful. (Please call for wire instructions). Registration must be completed 48 hours prior to the auction.

Initial Bid: To register you are required to submit an initial bid. Once prospective buyers place initial bids and the auction company formally commences the auction, each initial bid is binding on the respective prospective buyer.
Buyer’s Premium: A 10% Buyer’s Premium will be added to final bid and included in total Contract Price.

Earnest Money Deposit: 10% non-refundable earnest money deposit will be due immediately after being declared the winning-bidder. The remainder of the earnest money deposit (above the initial deposit) can be paid by check or wire transfer. Wire transfers must post within 24 hours after being declared the winning-bidder. This amount will be applied to the purchase price and will be deposited in the brokers escrow account.

Purchase Contract: Winning-bidder hereby agrees to enter into an Auction Buy/Sell Contract to Purchase the property immediately upon being declared the Winning-Bidder by the Auctioneer. For on-line bidders: upon the close of the auction the winning-bidder will be forwarded via email an Auction Buy/Sell Contract to Purchase the property for electronic signature. Purchase Contract must be signed and returned, along with earnest money deposit, within than 24 hours from being declared the winning-bidder or will forfeit their initial deposit.

Phone and On-line Bidding: Phone and On-line bidding is available. Registration must be completed 48 hours prior to the auction. All terms will apply as if you were participating at the auction in person. Wire transfer of the $20,000 will be required. Please contact Auction Company for full details.

Closing: The remaining balance of the Contract Price is due in cash or new loan at closing within 30 days of the close of the auction. A Special Warranty Deed will be supplied by the seller at the seller’s expense giving marketable title subject to restrictions of record. Taxes & Homeowner’s Association fees are pro-rated. Title insurance will be at the buyer’s expense.

No Financing Contingency: By participating in this auction, bidders hereby agree that their bid shall NOT be subject to the bidder’s ability to obtain financing and there are no financing contingencies. We encourage you to have a full written approval before bidding. The balance is due in cash or new loan at closing within 30 days.
Bidder Information Package: A Package of information has been assembled for this property and may include; disclosures, title documentation, HOA Docs, surveys, inspection reports, etc.

Property Previews: Public Previews are scheduled on specific dates and times. It is highly recommended that all bidders personally inspect the property prior to placing any bids in the auction. Property inspections are the sole responsibility of the bidders.
Conduct of Auction: Conduct of auction and bidding increments are at the discretion of Prestige Real Estate Auction. Prestige Real Estate Auction reserves the right to deny any person admittance to the auction.

Broker Participation Invited: Prestige Real Estate Auction is offering a 3% Broker CO-OP to the broker that brings the successful high bidder. Brokers must register their buyer 48 hours in advance subject to established Prestige Real Estate Auction guidelines. Contact our office for more information 877-612-8494.

Disclaimer: All information provided is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. Information is subject to change without notice. Real estate is being sold "As-Is, Where-Is" with NO warranties expressed or implied. Please make all inspections and have financing arranged prior to bidding. All information is deemed reliable but not guaranteed- you must do your own due diligence.

Disclaimer: Prospective buyer’s submission of registration documents does not constitute commencement of the auction or a guarantee that the auction for all or any of the property will occur. The auction will formally commence when the auctioneer places first bid whether live, webinar or online. Seller and/or auction company have the right to extend the auction date and/or withdrawal any or all the property prior to commencement of the auction. Seller has the right to accept or reject any offers to purchase all or any of the property prior to commencement of the auction. Upon commencement of the auction, property will sell to the highest bidder including Buyer’s Premium regardless of price.

Valuation & Mortgage Calculator: