Three Springs Represents New Home Opportunities in Durango

A few years ago, the new location of Mercy Regional Medical Center changed the landscape of Durango. Once just empty land past Farmington Hill, now the Three Springs area boasts a new concept and lifestyle for Durango. Located adjacent to the hospital and off Highway 160, Three Springs is in exciting phases of its development.

Based on what is called “traditional neighborhood development” or “new urbanism,” this Durango neighborhood seeks to offer a location that combines community lifestyle, businesses, walkable streets, and open land expanses. This concept appeals to those who want the interactive lifestyle of knowing their neighbors and living close to other conveniences.

These homes are brand new construction that come with a one year builder’s warranty, and the neighborhood is designed to have as many as 1,600 homes and townhomes. Currently, approximately 130 of these homes and townhomes have been built. One of the key focal points revolves around sustainable living; the homes are Energy Star Certified, and the developers focus on other green practices throughout the neighborhood.

Three Springs is also home to several businesses, with plans to one day host a grocery store and open space parks and schools. In fact, Three Springs is located on over 681 acres, nearly half of which is plotted to remain open space and used for parks, schools, and trails. From a practicality standpoint, the City of Durango removes snow as well as waste. This makes Three Springs an ideal location for long-term ownership.

The neighborhood offers sixteen various home floor plans, from 1,000 square feet to 2000 square feet. Prices range from $289,900 to $499,900. Townhomes begin at $264,900, with 1,300 square feet.

In 2013 there were 39 sales and 31 of those sales were new construction. In 2014 they are anticipating 40 to 50 new construction sales. The majority of these homes will be built by the following builders: SilverPick Contracting, Timberline Builders, Tierra Custom Homes, Classique Builders, Martin Built, Tailor Made Custom Homes

With the lower inventory we have recently discussed in the original Durango proper area, Three Springs meets the growing need for homes. These quality homes are offered at affordable prices, and the variety in models and sizes allows buyers choices while meeting their needs. Our team is excited about the opportunities available at Three Springs. Currently there are 50 lots ready for building with 60 more coming online in 2014. We look forward to the growth and development that will continue, and we are glad that Durango offers an additional area with substantial community living.