Durango's Premier Master-Planned Community

Find Your Home in Three Springs, Durango, Colorado

681 acres of trails, parks, sustainable homes, and small-town community — just minutes from historic downtown Durango, Colorado. Whether you're buying or selling, get expert guidance from a local agent who knows Three Springs inside and out.

$707K
Median SF Home Price
$549K
Median Condo/TH Price
681
Acres
300+
Acres Open Space

Why Three Springs Is One of Durango's Fastest-Growing Neighborhoods

A self-contained community where you can live, work, dine, exercise, and raise a family — all within walking distance.

Three Springs is Southwest Colorado's first Traditional Neighborhood Development, a 681-acre master-planned community situated along Highway 160 just minutes east of historic downtown Durango. Developed by GF Properties Group — a subsidiary of the Southern Ute Indian Tribe Growth Fund, which holds the highest credit rating in the state according to the developer — Three Springs was designed from the ground up with sustainability, walkability, and community at its core.

The neighborhood is anchored by Mercy Regional Medical Center (CommonSpirit Health), and surrounded by a rapidly growing business district along Mercado Street that includes medical offices, financial services, restaurants like Homeslice Pizza and Taco Boy, a general store, fitness studios, and professional offices — including R1 Colorado Realty. A Durango Police substation is already operational, and a fire station is planned.

Nearly half of Three Springs' acreage is dedicated to open space, parks, wetlands, and trails. The internal trail network connects to Durango's Telegraph Trail system for mountain biking and hiking, and the SMART 160 Trail will eventually link Three Springs directly to the Animas River Trail and downtown Durango. Twelve pocket parks, a 75-acre city community park in development, and a central plaza with a performance stage round out the recreation options.

Homes at Three Springs consume 33% less energy than typical code-built homes, and nearly 80% of construction waste is diverted from landfills. The master plan calls for over 2,000 residential units and more than 300,000 square feet of commercial and retail space at full buildout — much of which is still to come in Phase 2 and beyond. Three Springs is not slowing down — it's evolving into its own small town within a small town.

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New Elementary School

Breaking ground summer 2026, opening fall 2028. Purpose-built within the neighborhood for Three Springs families.

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Mercy Hospital Campus

Full-service medical center with specialists, urgent care, and a growing medical office district along Mercado Street.

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Miles of Trails

Connected trail network linking to Telegraph Trails, Spur Line Trails, wetlands walks, and the future Animas River Trail connection.

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Green & Sustainable

LEED-standard commercial buildings, energy-efficient homes, night-sky lighting, and Durango's first Sustainable Development Program.

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Dining & Shopping

Homeslice Pizza, Taco Boy, Bear's General Store, and a growing lineup of neighborhood restaurants and retail.

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Public Transit

Road Runner Transit connects Three Springs to downtown Durango and surrounding communities.

Three Springs by the Numbers

Recent market data based on MLS sales activity in Three Springs, Durango CO.

$707K
Median SF Home Price
$549K
Median Condo/TH Price
$149K
Median Land/Lot Price
19
Homes Sold in 2025
44
Median Days on Market (SF)
$447
Median $/SqFt (SF)
$520K–$900K
2025 Price Range
2,000+
Homes Planned at Buildout

Based on 2025 calendar year MLS sales data for Three Springs, Durango CO. Updated April 2026.

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Your Complete Guide to Buying a Home in Three Springs, Durango

Three Springs has become the destination neighborhood for homebuyers relocating to Durango, first-time purchasers looking for an attainable entry point into the market, and established residents seeking the convenience of a walkable, amenity-rich community. If you're considering a home purchase in Three Springs, this guide covers everything you need to know — from understanding the neighborhood's layout and housing stock to navigating the buying process with confidence.

Understanding the Three Springs Housing Market

The Three Springs real estate market has matured significantly since the first homes were delivered in the early 2010s. What began as an ambitious master plan on 681 acres has evolved into one of Durango's most active residential neighborhoods. In the 2025 calendar year, 19 homes sold in Three Springs. Single-family homes traded at a median price of approximately $707,000 (median $447/sqft), while condos and townhomes sold at a median of $549,000. Additionally, 4 residential lots sold at a median of $149,000 for buyers looking to build new. Sale prices ranged from $520,000 to $900,000 across all residential property types.

Three-bedroom homes with two-car garages represent the most common configuration in Three Springs, accounting for the majority of sales. These homes typically range from 1,200 to 1,800 square feet and are built by several approved builders who work within the neighborhood's architectural guidelines. Lot sizes are compact by Durango standards — typically 0.05 to 0.17 acres — which keeps maintenance manageable and reinforces the Traditional Neighborhood Development ethos of front porches, walkable streets, and close-knit community living.

New Construction vs. Resale

Buyers in Three Springs have the advantage of choosing between new construction and resale properties. New construction allows you to select finishes, floor plans, and lot positions within the developing phases of the neighborhood. Resale homes, particularly those in the original phases along Clear Spring Avenue, Salt Brush Street, and Sage View Street, offer established landscaping, proven floor plans, and immediate availability. Both carry the benefit of the neighborhood's energy-efficient building standards — homes here use approximately 33% less energy than standard code-built homes in the region.

HOA and Metro District Fees

Every home in Three Springs is part of both a Master Association and a Residential Association, managed by CCMC. As of 2026, the recurring fees break down as follows: the Three Springs Master Association is $45.75 per quarter ($183/year), the Residential Association is $99 per quarter ($396/year), and the Metro District Operation Fee is $165.50 semiannually ($331/year). That brings the total annual recurring cost to approximately $910 per year for standard single-family homes. Vacant lots pay a reduced Residential Association rate of $24.75 per quarter.

At closing, buyers should budget for one-time transfer fees including resale disclosure and lien estoppel fees ($150 per association for initial sales, or $295 per association for owner-to-owner resales), working capital contributions ($183 Master + $396 Residential = $579), and Homewise document fees ($18 per association). Sellers should be aware of the affordable/attainable housing fee of 0.50% of the gross sale price, which is seller-paid. Your agent should provide a detailed breakdown of all fees specific to your transaction before you make or accept an offer.

What to Expect from the Buying Process

Purchasing a home in Three Springs follows the standard Colorado real estate transaction process, but there are neighborhood-specific considerations worth noting. Covenant-controlled communities like Three Springs require buyers to review and acknowledge the CC&Rs (Covenants, Conditions, and Restrictions) and the Design Review Guidelines, which govern everything from exterior paint colors to landscaping requirements. This isn't unusual for master-planned communities, and the standards are part of what keeps Three Springs visually cohesive and property values strong.

Given Durango's competitive in-town market, homes in Three Springs can move quickly — particularly well-priced three-bedroom homes and newer construction. Having your financing pre-approved, understanding the neighborhood's fee structures in advance, and working with an agent who has specific Three Springs experience will put you in the strongest position. A local lender who understands the metro district tax implications is also essential, as these affect your qualifying ratios differently than standard property taxes.

Why Buyers Choose Three Springs

The reasons buyers gravitate to Three Springs are consistent: walkability, trail access, proximity to Mercy Hospital and the growing Mercado business district, energy-efficient homes, and a genuine sense of community that can be hard to find in newer developments. The upcoming Three Springs Elementary School — breaking ground in 2026 and opening in 2028 — will add another compelling reason for families. And the neighborhood's connection to Durango's broader trail network, eventually linking to the Animas River Trail via the SMART 160 project, means residents can bike or walk to downtown without ever touching a road.

For out-of-state buyers relocating to Durango, Three Springs offers something especially valuable: a turnkey lifestyle. You don't need to spend years discovering the best trails, finding a doctor, or figuring out which restaurants are worth your time. It's all here, within walking distance, in a community designed to feel like home from day one.

Ready to start your home search in Three Springs? I'll help you understand the market, identify the right properties, and negotiate with confidence.

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Your Complete Guide to Selling a Home in Three Springs, Durango

Selling a home in Three Springs, Durango is a fundamentally different proposition than selling in most other Durango neighborhoods. The master-planned nature of the community, the consistent architectural standards, the ongoing development activity, and the neighborhood's strong brand recognition all create unique advantages for sellers — but also require a tailored marketing strategy to maximize your return. This guide walks you through what makes selling in Three Springs distinct and how to position your home for the strongest possible outcome.

The Three Springs Advantage for Sellers

Three Springs benefits from something that very few Durango neighborhoods can claim: built-in buyer demand driven by the neighborhood itself. Buyers don't just search for "Durango homes for sale" — they search specifically for "Three Springs homes for sale." The neighborhood's trail system, proximity to Mercy Hospital, walkable business district, and strong community identity create a self-reinforcing cycle of demand. This means your home isn't competing against the entire Durango market; it's competing within a subset of inventory that buyers have already pre-selected as their preferred location.

In the 2025 calendar year, 19 homes sold in Three Springs — 15 single-family homes at a median of $707,000 and 4 condos/townhomes at a median of $549,000. Single-family homes moved at a median of 44 days on market, while attached units averaged longer at around 133 days. Four residential lots also sold at a median of $149,000 for buyers building new. Homes that are well-maintained and properly priced consistently attract strong interest, particularly during the spring and summer selling seasons when Durango's real estate market is most active.

Pricing Your Three Springs Home

Accurate pricing is the single most important factor in a successful sale, and Three Springs requires a nuanced approach. Because the neighborhood has multiple phases with different builders, lot sizes, and finish levels, a comparable market analysis must account for these variations. A home on a 0.17-acre lot along Oxbow Circle will command a different price per square foot than a townhome on Sierra Vista Street, even if the bedroom count and square footage are similar. Your agent should be pulling comps from within Three Springs — not from Durango broadly — and adjusting for phase, lot position, garage configuration, and finish quality.

One common mistake sellers make in Three Springs is overpricing based on new construction pricing. Resale homes compete with builder pricing in active phases, and buyers with the option of choosing a brand-new home with custom finishes will weigh that against a resale listing. Understanding where new construction pricing sits in the current phase is essential to positioning your resale home competitively. Sellers should also factor in the affordable/attainable housing fee of 0.50% of the gross sale price, which is seller-paid at closing — on a $700,000 sale, that's $3,500. Your net proceeds calculation should account for this alongside standard closing costs and commissions.

Preparing Your Home for Sale

Three Springs homes share a common architectural language — front porches, consistent setbacks, and cohesive streetscapes. This means buyers are comparing your home directly against neighbors in a visually uniform environment. Small details matter enormously. Fresh landscaping, clean exterior surfaces, a well-maintained front porch, and modern interior finishes all contribute to a home that stands out within the neighborhood's visual consistency. Because lot sizes are compact, curb appeal has an outsized impact — there's nowhere to hide deferred maintenance when your front door is 20 feet from the sidewalk.

Inside, focus on the kitchen and bathrooms, which drive the highest return on pre-sale investment. Three Springs buyers tend to be discerning — many are coming from out of state with higher-market expectations, or they're medical professionals working at Mercy Hospital who value quality and efficiency. Staging that emphasizes the home's connection to the outdoors (trail access, mountain views from upper floors, the walkable lifestyle) resonates strongly with this buyer pool.

Marketing a Three Springs Home

Effective marketing in Three Springs goes beyond standard MLS photography. Your listing should tell the story of the neighborhood, not just the home. Buyers purchasing in Three Springs are buying into a lifestyle — the ability to walk to dinner at Homeslice, walk or bike to Mercy Hospital, run the Telegraph Trails after work, and attend concerts at Three Springs Plaza on summer evenings. Professional photography is table stakes. Drone footage showing the home's position within the neighborhood, its proximity to trails and open space, and the broader mountain setting provides context that interior photos alone cannot convey.

Digital marketing targeted to relocation buyers is particularly important. A significant portion of Three Springs buyers are relocating from out of state — from the Front Range, Texas, California, and beyond. These buyers are researching online months before they visit in person, and your listing needs to rank well in searches for "Three Springs Durango homes" and related terms. An agent with strong digital marketing capabilities and specific Three Springs expertise can ensure your listing reaches this audience effectively.

Timing the Market

Durango's real estate market has distinct seasonal patterns. The spring and summer months (April through August) consistently deliver the highest buyer activity, the most showings, and the strongest sale prices. Listing in late March or early April positions your home to capture the first wave of seasonal demand. That said, Three Springs' proximity to Mercy Hospital creates year-round demand from medical professionals who relocate on hospital timelines rather than market cycles. Well-priced homes in Three Springs can sell in any season — the key is pricing appropriately for the time of year.

With the new Three Springs Elementary School breaking ground in 2026, sellers in the near term may benefit from the anticipation effect — families buying now to establish residency before the school opens in 2028. This is a compelling narrative to include in your listing's marketing materials and conversations with buyer agents.

Thinking about selling your Three Springs home? I'll provide a detailed market analysis, pricing strategy, and marketing plan tailored specifically to Three Springs.

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Three Springs Real Estate FAQ

Based on 2025 calendar year MLS data, the median sold price for single-family homes in Three Springs is approximately $707,000, while condos and townhomes have a median of around $549,000. Residential lots for new construction sold at a median of $149,000. Overall prices ranged from $520,000 to $900,000. The median price per square foot for single-family homes is approximately $447. Pricing varies based on phase, lot size, bedroom count, and whether the home is new construction or resale.
Yes. As of 2026, Three Springs has a Master Association ($183/year) and a Residential Association ($396/year), both managed by CCMC, plus a Metro District Operation Fee ($331/year). The total annual recurring cost is approximately $910 for standard single-family homes. At closing, buyers pay one-time working capital fees ($579 combined) and resale disclosure fees ($295 per association for resales). Sellers pay an affordable/attainable housing fee of 0.50% of the gross sale price. Some sub-neighborhoods, such as certain townhome communities, may have additional HOA fees.
Three Springs students currently attend Durango School District 9-R schools: Florida Mesa Elementary, Escalante or Miller Middle School, and Durango High School. Alternative options include Mountain Middle School and Animas High School. A new Three Springs Elementary School is set to break ground in summer 2026 and open for students in fall 2028.
Three Springs has demonstrated consistent appreciation since its inception. The neighborhood's ongoing development — including a new elementary school, expanding business district, and planned Phase 2 with additional residential and commercial space — signals continued growth and demand. The development is backed by the Southern Ute Indian Tribe Growth Fund, one of the most financially stable real estate developers in Colorado, providing long-term confidence in the community's trajectory.
Three Springs is located along Highway 160, approximately a 5–7 minute drive east of historic downtown Durango. The SMART 160 trail is being developed to connect Three Springs directly to the Animas River Trail and downtown Durango by foot or bike. Public transit via Road Runner Transit is also available with stops in the neighborhood.
Three Springs offers a diverse range of housing types including single-family detached homes (2–5 bedrooms), townhomes, and condominiums. Most single-family homes feature 2-car garages, front porches, and energy-efficient construction. Floor plans range from around 1,000 square feet for attached units to over 2,300 square feet for larger family homes. Multiple approved builders offer both move-in-ready and custom options.
Three Springs is developed by GF Properties Group, LLC, a subsidiary of the Southern Ute Indian Tribe Growth Fund. The Southern Ute Indian Tribe is headquartered in nearby Ignacio, Colorado and reportedly holds the highest credit rating in the state. The development began planning in 2001–2002 and is designed as Southwest Colorado's first Traditional Neighborhood Development.
Yes. As Three Springs continues to develop, residential lots become available in new phases. In 2025, lots sold in the range of $144,000–$150,000 for parcels between 0.14 and 0.22 acres. Buyers must work with approved builders and follow the neighborhood's architectural and design review guidelines, which maintain the community's cohesive streetscape and quality standards. Contact a Three Springs-experienced agent for current lot availability.

Work with Someone Who Knows Three Springs

John Mace, REALTOR® — Three Springs real estate agent in Durango, Colorado, R1 Colorado

John Mace

REALTOR® · R1 Colorado · Three Springs, Durango

After graduating from the University of South Florida, I was relocated to Durango for a position with a Fortune 500 company — and it was love at first sight. Since 2010, I've worked, played, got married, and started a family here. I bring an extensive background in marketing, sales, and good old-fashioned customer service to every transaction. My business is built on relationships, not volume, and I thrive on the critical thinking and creative problem-solving that real estate demands.

Whether you're relocating from out of state, buying your first home, looking for a low-maintenance lock-and-leave, or selling to move up, I provide a hands-on, high-communication experience. No team handoffs, no call centers — you work directly with me from our first conversation through closing and beyond.

Designations: RENE · PSA · RSPS · ABR
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