TriLakes/Monument

If you have always dreamed of a home by the lake, now might be the time to check out these 2 new Lake Communities in Monument.

Lake of the Rockies

Adjacent to Monument Lake, and within walking distance from Downtown Monument shops and dining is Lake of the Rockies. Formerly a RV and camping resort, Lake of the Rockies has incredible views of the mountains and easy access to Pike National Forest. The developer is making significant improvements to Monument Lake access and lake amenities. Two different home types are offered with 10 different floorplans. Single family homes start at $299,950 / 2 – 6 bedrooms / 2 – 5.5 baths / 2 – 4 car garage

See more at: http://www.centurycommunities.com/colorado/monument/lake-of-the-rockies/about

Forest Lakes

On the west side of I-25 at Baptist Road is Forest Lakes, a 900 acre parcel of undeveloped land that sits at an elevation range of 6,800 to 7,200 feet. Plans include a system of interconnecting public and private trails and two neighborhood parks, all set within approximately 450 acres of open space. Classic Homes will be releasing their luxury homes sites first followed by additional releases in 2016.

Oct 2015 – 33 luxury home sites ranging from one to five acres

Q1 2016 – 71 homes to be built on 80 foot wide home sites

Q2 2016 – 163 homes to be built on 50 foot wide home sites

Visit www.ForestLakesColorado.com for additional information.

Monument, Colorado is a small town located in the Tri-Lakes Region of northern part of El Paso County, approximately 15 miles north of Colorado Springs and 50 miles south of Denver.

The area was first settled in the 1860s. Its settlers came primarily from Iowa and Germany. Monument first became a town in 1870 when Henry Limbach purchased 160 acres and registered as a town with the Colorado land office of the department of the interior.

In the early days monument was actually called Henry’s station after Henry Limbach. When the Rio Grande railroad was built in 1871, the name was changed by Limbach and the railroad to Monument. This name was chosen because of the large monument rock situated at the base of Mount Herman. This rock can clearly be seen from the town.

The town of Monument has not forgotten its founder Henry Limbach, there is a park at the center of town bearing his name, Limbach Park.

The Tri-Lakes area is located in Monument, Colorado just minutes north of Colorado Springs. This area grew because it is convenient to both Colorado Springs and Denver. Lots sizes in this area are larger as are the homes and their prices.

We have looked at the last six months of sales (March 2014-August 2014). In this period we saw a high sale of $1,230,000 and a low sale of $125,000. The average sales price in the area is $399,557, this makes the median price $366,000.

For this article, we are going to take a look at what you can get between $325,000 and $400,000. We chose this range because it’s about $40,000 above and below the median price. Here is a look at the numbers:

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And here’s some pictures of what those homes look like.

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For more information on the Tri-Lakes area, give me a call at 719-492-1577

“Based on information from the Pikes Peak REALTOR Services Corp. (“RSC”), for the period March 1, 2014 through August 26, 2014 .  RSC does not guarantee or is in any way responsible for its accuracy.  Data maintained by RSC may not reflect all real estate activity in the market.”