515 Ponderosa Vw Manitou Springs, CO 80829
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About this home
Experience Mountain Luxury in Crystal Park! Welcome to this exceptional custom-built mountain retreat, perfectly perched to capture breathtaking 360° views of the city skyline and surrounding peaks. This stunning walk out Rancher offers 3 bedrooms, 3 bathrooms, and an oversized 3-car garage—plus over 2,000 sq. ft. of expansive decks designed to embrace the outdoors at every turn. Step inside through the wraparound covered deck, where a sun-filled living room awaits with rich wood flooring, a striking gas fireplace framed by a custom stone mantle, and soaring windows that flood the space with natural light. The main level is anchored by the luxurious primary suite, a true sanctuary featuring a private deck with a hot tub, a spacious walk-in closet, and a spa-inspired 5-piece en suite with a soaking tub, dual sinks, and a custom-tiled shower. The opposite wing of the home is designed for comfort and entertaining, offering a cozy family room with fireplace, a formal dining area, a kitchen with breakfast nook and pantry, plus a dedicated office with walkout access to the back patio and tranquil koi pond. On the lower level, discover an entertainer’s dream with a recreation room and wet bar, a game area, and a home theater—all seamlessly connected and opening to the covered lower deck. On this spacious deck, you’ll find a cedar sauna, the perfect place to relax while enjoying the spectacular mountain views. As well, Two additional bedrooms, including one with its own fireplace and private deck access, provide ample space for family or guests. Additional features include a full bath with standing shower and tub, abundant storage, and a whole-home GENERAC generator with dedicated propane tank for peace of mind. From the custom spiral staircase to the sprawling meadow below, this property blends luxury mountain living with warmth, comfort, and unmatched vistas. Come watch the aspens change and experience the beauty of Crystal Park for yourself!
Source: PPMLS #6538677
Neighborhood
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FAQs
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.