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5541 Majestic Dr, Colorado Springs, CO, 80919

2beds
4baths
2,045sqft
$500,000
$244price/sqft
$3,261/moest. monthly cost
$130,440/yrincome needed

About This Home

Beautiful home located in the highly desirable Parkside at Mountain Shadows community just below the mountain ridge. Nestled into a quiet cul-de-sac, this three story home features a large open kitchen and dining area, a cozy family room with gorgeous stone fireplace and adjacent balcony on the main level. Down stairs, there's additional flex space that can be used as a bedroom or den, and an adjoining room that can be used as a family/game room with a walkout patio. Upstairs boasts a stunning primary bed and bath that extends to a his and hers walk-in closet; another bedroom, full bath, walk-in laundry area, and a bright sunny loft overlooking the staircase. A custom designed home in a premier neighborhood, that's available for immediate occupancy.

Getting Around

9
WalkingCar-Dependent
17
TransitMinimal Transit
35
BikeSomewhat Bikeable

Schools

8/10
Chipeta Elementary SchoolGrades PK-50.4 mi
6/10
Holmes Middle SchoolGrades 6-83.2 mi
4/10
Coronado High SchoolGrades 9-122.8 mi

Construction

Condition

  • Property condition: Existing Home
  • Year built: 2013

Materials

  • Foundation: Slab
  • Roof: Composite Shingle
  • Construction materials: Stucco,Frame

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Oven,Range,Refrigerator
  • Laundry features: Upper Level

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 4
  • Full bathrooms: 2
  • 1/2 bathrooms: 2

Features

  • Flooring: Carpet,Ceramic Tile,Wood
  • Finished area below ground: 0
  • Finished area above ground: 2,045

Heating & Cooling

  • Heating features: Electric
  • Cooling features: Ceiling Fan(s),Central Air,Electric

Interior Area

  • Total structure area: 2,045
  • Total interior livable area: 2,045 sqft

Other

  • Level: Upper

Property

Details

  • Parcel number: 7315403057

Features

  • Levels: 3 Story
  • Stories: 3

Lot

  • Lot size: 3,092 sqft
  • Features: Cul-De-Sac

Parking

  • Total spaces: 2
  • Parking features: Attached,Garage Door Opener
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hail
    HailRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Lightning
    LightningModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Hail
Winter Weather
Lightning
Tornado

FEMA Declared Disasters Across Colorado Counties

Flood
Severe Storm
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,528$30,336
Home Insurance *$360$4,320
Property Taxes $187$2,244
Electricity $186$2,232
Total$3,261$39,132
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$111,805/yr
40% on housing$97,830/yr
45% on housing$86,960/yr

Colorado FAIR Plan Programs

Colorado FAIR Plan

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 15.0%
15.0%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 2.5%
2.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$244This listing

vs Other Active Listings

Avg $/sqft

ZIP 80919$172
El Paso County$182

vs Homes Sold Last Month

Median $/sqft

ZIP 80919
El Paso County

Current Market Trends

No market data available for this area

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-08-16Price change$475,000
2026-08-01Listed for sale$500,000
2023-01-27Listing removed--
2022-11-22Price change$2,095
2022-11-19Price change$2,195
2022-11-03Price change$2,295
2022-10-09Listed for rent$2,395
2021-09-02Listing removed--
2021-08-25Listed for rent$2,195
2021-07-23Listing removed--
2021-07-16Listed for rent$2,195
2018-06-12Listing removed$1,995
2018-06-07Listed for rent$1,995
2017-05-10Listing removed$1,995
2017-05-02Listed for rent$1,995
1999-07-12Sold$146,500

For Sale by Agent

AgentElias Lykes
BrokerageTimberline Realty & Media

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