Three Springs draws homebuyers relocating to Durango, first time purchasers looking for an entry point into the market, and established residents seeking the convenience of a walkable, amenity rich community. If you are considering a home purchase in Three Springs, this guide covers what you need to know, from the neighborhood's layout and housing stock to the buying process.
Understanding the Three Springs Housing Market
The Three Springs real estate market has matured since the first homes were delivered. In the 2025 calendar year, 23 homes sold in Three Springs: 15 stick built single family homes at a median of $706,500 ($450 per square foot), and 8 townhouses and condos at a median of $554,000. Four single residential lots also sold at a median of $148,750 for buyers building new. Sale prices ranged from $520,000 to $900,000 across all residential property types.
Three bedroom homes with a 2 car garage were the most common configuration among 2025 sales, making up 13 of the 23 homes sold, and 22 of the 23 sales had a 2 car garage. Stick built single family homes ranged from 1,067 to 2,300 square feet (median 1,545), while attached homes ranged from 986 to 1,464 square feet. Single family lots ranged from 0.06 to 0.17 acres, compact by Durango standards, which keeps maintenance manageable and reinforces the Traditional Neighborhood Development emphasis on front porches, walkable streets, and close knit community living.
New Construction versus Resale
Buyers in Three Springs can choose between new construction and resale properties. Of the 23 residential sales in 2025, 6 were new construction. New construction lets you select finishes, floor plans, and lot positions within the developing phases. 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. Per the developer's sustainability program, homes here are built to use 33% less energy than typical 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 are: the Three Springs Master Association at $45.75 per quarter ($183 per year), the Residential Association at $99 per quarter ($396 per year), and the Metro District Operation Fee at $165.50 semiannually ($331 per 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 plus $396 Residential, $579 combined), and Homewise document fees ($18 per association). Sellers pay an affordable and attainable housing fee of 0.50% of the gross sale price. Your agent should provide a 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, with neighborhood specific considerations. 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 items from exterior paint colors to landscaping requirements. These standards are part of what keeps Three Springs visually cohesive.
Having your financing pre approved, understanding the fee structures in advance, and working with an agent who has specific Three Springs experience puts you in a strong position. A local lender who understands the metro district tax structure is also useful, since these costs affect your qualifying ratios differently than standard property taxes.
Why Buyers Choose Three Springs
Buyers point to walkability, trail access, proximity to Mercy Hospital and the growing Mercado business district, energy efficient homes, and a sense of community. The Three Springs Elementary School, planned to break ground in 2026 and open in 2028, adds another reason for families. 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 toward downtown.
For buyers relocating from out of state, Three Springs offers a turnkey setting where trails, medical care, dining, and daily errands are within walking distance, in a community designed to feel established from the start.
Ready to start your home search in Three Springs? I will help you understand the market, identify the right properties, and negotiate with confidence.
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