Pheasant Run Homes under $500,000

Welcome to Pheasant Run, a charming subdivision nestled in the heart of Colorado! This delightful community offers a perfect blend of suburban tranquility and modern convenience, making it an ideal location for families, young professionals, and retirees alike. With its picturesque streets, lush green spaces, and friendly neighbors, Pheasant Run fosters a sense of belonging that is hard to find elsewhere.

One of the standout features of Pheasant Run is its impressive selection of homes priced under $500,000. This affordability does not compromise quality; rather, it opens the door for many to experience the joys of homeownership in this beautiful area. From cozy single-family homes to well-maintained townhouses, there’s something for everyone. Each property is designed with comfort and functionality in mind, featuring spacious layouts, modern amenities, and lovely outdoor spaces perfect for enjoying Colorado's stunning weather.

Residents of Pheasant Run enjoy easy access to a variety of local amenities, including parks, shopping centers, and dining options. The community is also conveniently located near major highways, making commuting to nearby cities a breeze. For those who love the great outdoors, the surrounding area boasts breathtaking mountain views, hiking trails, and recreational opportunities that are sure to inspire adventure.

In Pheasant Run, you’ll find not just a house, but a home where memories are made and dreams come true. Come and explore this inviting community, and discover why so many are proud to call Pheasant Run their home!

Newest Pheasant Run Homes under $500,000

$450,000

3 Beds ⋅ 2 Baths ⋅ 4657906 MLS

Welcome to this beautifully updated ranch-style home offering easy one-level living, a spacious open floor plan, and a fantastic Aurora location! Fresh interior paint, updated kitchen, and a NEW ROOF installed in 2024 create a bright, move-in-ready feel throughout. The inviting layout seamlessly connects the living room, dining area, and kitchen, making everyday living and entertaining effortless. The spacious kitchen features granite countertops, stainless steel appliances, stone backsplash, and convenient access to the backyard patio. The cozy family room showcases a gorgeous brick wood-burning fireplace, creating the perfect gathering space year-round. Three bedrooms and two bathrooms include a private primary suite with a large closet and 3/4 bath. A convenient laundry room with a new barn door adds functionality. Outside, enjoy the fully fenced, thoughtfully xeriscaped backyard with low-maintenance turf and a large patio—ideal for grilling, entertaining, or relaxing. With no stairs, stylish updates, and low-maintenance outdoor living, this home combines comfort, convenience, and functionality in one exceptional package. New Roof 2024, New AC 2023, New Insulation and Vapor Barrier Installed 2025.

4607 S Ivory Cir, Aurora

Courtesy of RE/MAX Professionals . jenny@jacolorado.com,303-596-8979

$324,900

2 Beds ⋅ 2 Baths ⋅ 3961287 MLS

Welcome to easy Colorado living in this inviting 2-bedroom, 1.5-bath townhome in Aurora’s Pheasant Run community. The functional layout offers comfortable spaces to relax, work, and entertain. The main level features a bright living area with a wood-burning fireplace, creating a cozy gathering space on cool Colorado evenings. The kitchen offers added counter space for meal prep and entertaining, while the all-in-one washer/dryer adds everyday convenience. Upstairs, the spacious primary bedroom provides plenty of room to unwind, while the second bedroom is ideal for guests, family, or a home office. A versatile loft offers additional space for a desk or flex area. Enjoy outdoor living on the private, fenced patio/deck with freshly painted decking—perfect for morning coffee, relaxing, or entertaining. Community amenities include a pool, and the home features a designated carport with an attached storage unit, providing valuable additional storage space. Conveniently located near shopping, dining, and everyday essentials, this home offers a comfortable blend of flexibility, convenience, and low-maintenance living.

4596 S Hannibal St, Aurora

Courtesy of REMAX Advantage . savannah@thesandovalteam.com,303-596-6376

$415,000

3 Beds ⋅ 2 Baths ⋅ 2185135 MLS

***One more week on the market before the property is rented out***Welcome to this well-maintained 3-bedroom, 2-bath split-level home with NO HOA! Tucked away on a cul-de-sac, the property offers lower traffic, added privacy, and plenty of parking. Conveniently located near Smoky Hill Road and Buckley Road, with Smoky Hill High School within walking distance and located in the Cherry Creek School District. The upper level features two bedrooms, a full bathroom, kitchen, dining area, and living room. The lower level offers a spacious primary bedroom, recently updated full bathroom, second living area, laundry room, and additional storage. The oversized garage is a standout feature, with enough room to accommodate a crew-cab 3/4-ton pickup and a full-size car at the same time. Recent improvements include exterior paint and extensive interior painting in 2024, along with a refreshed lower-level bathroom. Main sewer line repairs were completed in early 2026. The roof and A/C system were replaced in 2016, along with new gutters featuring Gutter Helmet leaf protection. A premium insulated garage door and opener were installed in 2017, and the water heater was replaced in 2020. The sprinkler system has been regularly maintained and is in good working condition.

4836 S Nucla Way, Aurora

Courtesy of Zyplr . slava@zyplr.com,855-997-5748

$449,900

4 Beds ⋅ 2 Baths ⋅ 7938859 MLS

Welcome home to this spacious west-facing 4-bedroom, 2-full-bath bi-level situated on an impressive 9,278-square-foot lot in a quiet cul-de-sac with NO HOA! This well-maintained home offers numerous updates, including a new furnace and A/C, new garage door, newer appliances, upgraded flooring throughout, newer Low-E windows, and a new roof and gutters installed in 2023. The functional bi-level layout features a bright upstairs living room, a comfortable downstairs family room, two fireplaces, and a dedicated laundry room. The attached 2-car garage is both heated and cooled for year-round comfort. Outside, you'll find tons of side parking for an RV, boat, toys, or additional vehicles, plus a backyard storage shed, mature trees, a back deck, and an oversized patio with an awning for covered outdoor entertaining. Located within the highly sought-after Cherry Creek School District, this home also offers a convenient location with easy access to shopping, dining, entertainment, and everyday amenities. With plenty of space inside and out, extensive updates, RV/boat parking, and no HOA, this property has so much to offer!

4796 S Ouray St, Aurora

Courtesy of LoKation . jon@coylere.com,720-635-0441

$449,000

3 Beds ⋅ 2 Baths ⋅ 6099383 MLS

Back on Market! Due to buyer did not qualify for loan. Buyer’s Loss YOUR GAIN! Welcome to this Beautifully Remodeled, Move In Ready Home, in Cherry Creek School District! From the moment you walk in the front door you will notice the open floor plan. The large Livingroom room has hardwood floors that flow into the Dining & Kitchen making it a great place to entertain! The Brand New Kitchen remodel with granite countertops tons of cabinets make this Kitchen a dream to cook in! Plus all appliances are included! Down the hall you have a Primary Suite, a Remodeled Full Bath and another good size bedroom. The Lower level features a Large Family room/Rec room or use as 4th bedroom. Full size laundry room washer dryer Included. A very Large Bedroom with another remodeled Full bath that you could use as primary suite as well. Brand new interior paint throughout the home. New windows. New roof and gutters 2 yrs ago. New garage door. Newer Furnace, central air and water heater. Brand New Radon Mitigation System! Deck to do those BBQ’s. Lots of yard space in backyard for kids, pets, and Entertaining! Sprinkler front and back. Low maintenance front yard. Public park across the street from back yard gate access. Sought after Cherry Creek school district close to schools. No HOA. Culdesac Location. Room to park RV, Boat, trailer on side of home. Minutes to Cherry Creek Park. What are you waiting for? Come take a look today! You won’t be disappointed!

4775 S Olathe St, Aurora

Courtesy of RE/MAX Professionals . michellefell@comcast.net,303-210-9121

$339,750

3 Beds ⋅ 2 Baths ⋅ 3952984 MLS

Very nice ranch style home with full basement. Enter this lovely home and experience the open floor plan. Bay wildow in living room, Spacious dining area which leads out to a very large fully fenced back yard. Enjoy cooking in the large kitchen that is open to the dining area and has a window looking out to the back yard. there is a 3/4 bath and two large bedrooms on this level. Proceed down stairs to the large family room, with a very large bedroom with plenty of closet space. Seperate utility room and a full bathroom. there is a large additional room for gaming, storage or that could be made into another bedroom. Relax in the very large back yard with mature trees and plenty of space for out doo0r activities. Seller recently installed a hot water heater and had a new roof put on

5265 Hunters Run, Colorado Springs

Courtesy of Walker Asset Management Realty Inc . jon@walkerrealtynow.com,719-591-2020

$420,000

4 Beds ⋅ 2 Baths ⋅ 8109999 MLS

PRICE IMPROVEMENT! Now offered at $420,000, this is a fantastic opportunity to own a beautiful home at an even more attractive price. Fresh Price. Fresh Opportunity. Motivated Sellers! Major updates, a finished basement, and exceptional value—this move-in ready 4-bedroom, 2-bath home is packed with improvements that today's Homeowners will appreciate. Enjoy peace of mind with newer HVAC systems, newer kitchen appliances, and a sewer line replacement, saving you thousands in future maintenance costs. Inside, the main living areas have been refreshed with new flooring (2025), creating a bright and welcoming space that's ready to enjoy from day one. The finished basement adds valuable living space with an additional bedroom, full bathroom, and flexible area perfect for guests, a home office, gym, or media room. Outside, the newly xeriscaped front yard (2025) provides beautiful curb appeal while keeping water bills and maintenance low. The spacious backyard offers plenty of room for entertaining, pets, gardening, or play. Conveniently located near parks, shopping, restaurants, and within the highly sought-after Cherry Creek School District, this home combines smart updates, functional living space, and an unbeatable location. With all of the major improvements already completed, all that's left to do is move in and make it your own. Property is being sold AS-IS Schedule your showing today and see everything this home has to offer before it's gone. Click the Virtual Tour link to view the 3D walkthrough. Discounted rate options and no lender fee future refinancing may be available for qualified buyers of this home.

4708 S Ouray Way, Aurora

Courtesy of Orchard Brokerage LLC . jasminelitvakre@gmail.com,303-618-9305

$360,000

4 Beds ⋅ 2 Baths ⋅ IR1068035 MLS

**Tenant occupied with a lease in place through June 2027** Positioned in the established Pheasant Run neighborhood, this tenant-occupied bi-level home presents an excellent opportunity for investors seeking an income-producing property with a practical floor plan and desirable amenities. With 4 bedrooms and 2 bathrooms, the home offers flexibility and abundant living space. The main level features a welcoming living area, two spacious bedrooms, a kitchen with convenient access to the rear deck, and an updated bathroom. Downstairs, the finished lower level expands the living space with a generous family room, two additional bedrooms, and another updated bathroom. Outside, the property continues to deliver with a large fenced backyard, ideal for outdoor enjoyment, plus a 2-car garage providing valuable parking and storage. The property is currently leased at an attractive rental rate through June 2027, providing the next owner with immediate rental income and a defined lease term. The home is occupied by a great tenant who has cared for the property, making this an appealing turnkey investment opportunity. Adding even more value for investors, there is no HOA and no monthly association dues, allowing more of the rental income to stay in the owner's pocket. With a desirable neighborhood, established tenancy, attractive rental rate, and no HOA expense, this property offers a compelling opportunity to add a solid income-producing asset to an investment portfolio.

117 43rd Ave Ct, Greeley

Courtesy of Group Harmony . 9702904198

$450,000

6 Beds ⋅ 4 Baths ⋅ 1785851 MLS

Welcome to this beautifully remodeled 6-bedroom, 4-bathroom home in the highly desirable Pheasant Run neighborhood of Aurora, ideally located near Cherry Creek Reservoir and within the Cherry Creek School District. From the moment you step inside, you’ll appreciate the bright, welcoming layout, abundant natural light, spacious bedrooms, and thoughtful modern updates throughout. The remodeled kitchen is the heart of the home, featuring beautiful cabinetry, a large center island, stylish backsplash, and plenty of counter space, perfect for everyday living, gathering with friends, and entertaining. Upstairs, you’ll find generously sized bedrooms, including two bedrooms with their own private en-suite bathrooms, offering flexibility and privacy for family members or guests. The fully finished basement provides even more living space and features a second kitchenette with a full-sized refrigerator, sink, and cabinetry. Whether you need a guest suite, recreation room, entertaining space, home office, or additional living area, the possibilities are endless. Step outside to an expansive backyard that is truly a blank canvas waiting for your vision. Create your own private oasis with a lush garden, outdoor dining area, fire pit, play space, or the perfect place to relax and entertain. There is plenty of room to make the outdoor space uniquely yours and create the backyard you’ve always envisioned. With its generous floor plan, thoughtful updates, incredible flexibility, and fantastic location, this home offers the space and versatility you’ve been looking for. Enjoy easy access to Cherry Creek Reservoir, shopping, dining, parks, and everything the surrounding area has to offer, all while being part of the highly regarded Cherry Creek School District. This is a home that truly has room for everyone and room to grow.

4363 S Eagle Cir, Aurora

Courtesy of The Agency - Denver . Natalie.Hengel@theagencyre.com,440-552-9731

$445,000

3 Beds ⋅ 3 Baths ⋅ 7801595 MLS

Welcome to 4626 West 1st Road located in Pheasant Run Community of Greeley. Beautifully well kept, truly turn-key home where modern efficiency meets comfort. This property stands out for its suite of high-value upgrades that deliver real peace of mind and year-round convenience. The entire interior has been freshly painted, creating a bright, clean canvas ready for your personal style. Vaulted ceilings and skylights fill the home with abundant natural light, enhancing the open, airy feel. Kitchen and bathrooms are complimented with granite countertops. Microwave with vent over the oven A wood-burning fireplace and pellet stove add cozy warmth and ambiance, while an updated bathroom brings modern functionality to daily living. Climate control has been completely modernized with a brand-new mini-split system that provides efficient, zone-specific heating and cooling tailored to how you actually live. Reliable utility performance is further ensured by a brand-new water heater and a fully updated high-efficiency boiler system, as well as insulation added in 2024— so you can count on worry-free comfort through Colorado’s cold seasons and beyond. A security system adds an extra layer of peace of mind. Outside, the oversized garage offers abundant space for vehicles and storage, complemented by a storage shed for additional organization. The private back patio is beautifully framed by a mature blue spruce, creating a secluded outdoor retreat, while an apple tree adds seasonal charm. Sprinkler system in place for easy watering. A three-year-old hot tub invites year-round relaxation right in your own backyard. With solid structural integrity, optimal climate control, thoughtful outdoor features, and a contemporary refresh already complete, this home is ready for its next chapter. It’s an excellent choice for discerning buyers who want top-tier functionality and comfort. Great charter school options in the area!

4626 W 1st St Rd, Greeley

Courtesy of Brokers Guild Homes . 561-809-7533

$474,900

4 Beds ⋅ 3 Baths ⋅ 7210277 MLS

Welcome to this beautifully updated tri-level home nestled in Aurora’s highly desirable Pheasant Run community and located within the award-winning Cherry Creek School District. From the moment you step inside, you’ll be greeted by a bright, sun-filled open-concept living space that seamlessly connects to the spacious kitchen, featuring abundant cabinetry, generous counter space, and a charming designated dining area—perfect for morning coffee, casual meals, or gathering with loved ones. Just a few steps down, the expansive lower-level family room offers a warm and inviting retreat, highlighted by a cozy wood-burning fireplace and large windows that fill the space with natural light. Upstairs, the spacious primary suite provides a peaceful private sanctuary complete with a dedicated three-quarter bathroom and ample closet space. Two additional well-appointed bedrooms and a full guest bathroom complete the upper level, offering comfortable accommodations for family or guests. The finished basement provides even more versatile living space, featuring a second recreation room ideal for a home theater, fitness area, playroom, or flex space. Step outside to the covered back deck and discover an impressive, fully fenced backyard offering plenty of room for summer barbecues, gardening, entertaining, or outdoor play. Additional highlights include an attached two-car garage, durable 2022 roof, and an exceptional location just minutes from parks, scenic trails, shopping, dining, and everyday conveniences. Thoughtfully designed with space, comfort, and functionality in mind, this move-in-ready home is an opportunity you won’t want to miss.

4586 S Fraser Way, Aurora

Courtesy of Coldwell Banker Realty 18 . vinh.lam@cbrealty.com,303-653-2889

$484,000

4 Beds ⋅ 3 Baths ⋅ 8988139 MLS

Motivated sellers who are offering up to $10k in seller concessions! Welcome to this well maintained and thoughtfully updated home in the desirable Pheasant Run neighborhood. Known for its tree lined streets and close-knit feel, Pheasant Run offers the charm of a small neighborhood while providing exceptional convenience with nearby parks, shopping, and everyday amenities just a short walk away. With over 2,600 finished square feet, including a spacious and bright finished basement, this home features a functional floor plan, generous living spaces, and a private backyard designed for everyday enjoyment. The thoughtful layout includes three bedrooms and two bathrooms on the upper level, including the primary suite. The finished basement adds a fourth bedroom and third bathroom. This separation of space provides flexibility for guests, multigenerational living, a private home office, or growing households looking for room to spread out. Nearly $60,000 has been invested in major improvements since 2022, including a new sewer line, sump pump, roof, HVAC system, backyard fencing, custom shower door and tile, and irrigation upgrades, giving confidence that the home's most important systems have been recently addressed. Located within the highly regarded Cherry Creek School District, this home combines useful updates, everyday functionality, and a location that is hard to beat.

16636 E Rice Cir, Aurora

Courtesy of eXp Realty, LLC . 605-261-7076

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