592 Observatory Dr, Colorado Springs, CO, 80904
About This Home
Bright, open, and inviting, this top-floor condo offers stunning mountain views, modern updates, and an unbeatable west-side location. The airy open-concept layout creates a seamless flow between the kitchen, dining, and living areas, filling the home with natural light and providing the perfect setting for relaxing or entertaining. The updated kitchen features refreshed countertops, a breakfast bar, modern appliances, a new sink and faucet, and a thoughtful layout designed for everyday living. Throughout the home, you'll find stylish upgrades including updated barn doors, refreshed lighting, modern flooring, renovated bathrooms, and updated finishes that give the space a fresh, contemporary feel. Major improvements, including updated windows, plumbing, furnace, central A/C, water heater, patio door, and washer and dryer, provide added comfort and peace of mind. Step outside to enjoy the community’s welcoming green spaces and peaceful surroundings while staying close to everything Colorado Springs has to offer. Ideally located just minutes from downtown, Colorado College, Garden of the Gods, Red Rock Canyon Open Space, parks, trails, restaurants, and community amenities, this condo offers the perfect place to enjoy the Colorado lifestyle. With its mountain views, open layout, and thoughtful updates, this home is ready for its next chapter.
Getting Around
Car-Dependent
Some Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Existing Home
- Year built: 1986
Materials
- Foundation: Not Applicable
- Roof: Other
- Construction materials: Stucco,Other
Type & Style
- Home type: Condo
- Property subType: Condominium
Interior
Appliances
- Appliances included: Dishwasher,Disposal,Dryer,Microwave,Oven,Range,Refrigerator,Washer
- Laundry features: Main Level
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
Features
- 9Ft + Ceilings,Vaulted Ceiling(s),Other,See Prop Desc Remarks,Breakfast Bar,High Speed Internet,Pantry,Smart Home Lighting,Smart Thermostat
- Window features: Window Coverings
- Flooring: Carpet,Ceramic Tile,Tile,Wood Laminate
- Number of fireplaces: 1
- Fireplace features: One
- Fireplace: Yes
- Finished area below ground: 0
- Finished area above ground: 1,324
- Common walls with other units/homes: 2+ Common Walls
Heating & Cooling
- Heating features: Baseboard,Forced Air,Natural Gas
- Cooling features: Ceiling Fan(s),Central Air
Interior Area
- Total structure area: 1,324
- Total interior livable area: 1,324 sqft
Property
Details
- Parcel number: 7412317073
- Attached to another structure: Yes
Features
- Levels: One and One Half
- Stories: 1
- Patio & porch: Composite
- Has view: Yes
- View description: Mountain(s),View of Pikes Peak,View of Rock Formations
Lot
- Lot size: 923.47 sqft
- Features: Backs to Open Space,Hillside,Wooded,Hiking Trail,Near Park,Near Public Transit,Near Shopping Center,HOA Required $,Landscaped
Parking
- Total spaces: 1
- Parking features: Attached,Garage Door Opener,Garage Amenities (Other),See Remarks,Concrete Driveway
- Has garage: Yes
- Attached garage spaces: 1
- Covered spaces: 1
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
- Inland Flooding
- Winter Weather
- Hail
- Lightning
- Tornado
How This Home’s Risks Compare
FEMA Declared Disasters Across Colorado Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,643 | $19,716 |
| Home Insurance * | $303 | $3,636 |
| Property Taxes | $121 | $1,452 |
| Electricity | $186 | $2,232 |
| Total | $2,253 | $27,036 |
Income You'd Need if You Spent...
Colorado FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
No market data available for this area
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-11 | Price change | $312,000 |
| 2026-07-16 | Listed for sale | $325,000 |
| 2019-05-10 | Sold | $225,000 |
| 2019-03-24 | Listed for sale | $225,000 |
| 1999-07-20 | Sold | $135,500 |
View on Zillow