Sterling Ranch's third village, Prospect Village, gains steam
The new village is across the street from the mountains and Sterling Ranch's elementary school
What a year 2020 was for Sterling Ranch! This past year has been difficult for many reasons, from COVID-19 and on. But from a real estate perspective, Sterling Ranch has been growing perhaps faster than ever - and we're expecting more of the same in 2021.
Here at Focus Real Estate we've been helping clients purchase, build, and resell homes in Sterling Ranch since, well, the beginning of the neighborhood years ago.
At one point there were amazing lots for all the builders. Now it's big news when, for example, Parkwood has a prime lot available (by the way, a corner, cul-de-sac lot for a Parkwood Asheville recently became available. Parkwood lots are tough to come by, so if you have any questions shoot me a note at Mariel@Focus-Realtors.com).
So what's next for Sterling Ranch in 2021?
Meet Prospect Village. Located southwest of the current Sterling Ranch neighborhoods, Prospect Village is minutes from the mountains and Sterling Ranch's current elementary school, Roxborough. (Check out What's going on with Sterling Ranch's schools? for more on the local schools.)
This is all tentative, but we've heard over the past few months that Prospect could have a sledding hill in the northern section of the neighborhood as well as an ~8 acre community park. On the north side of the community, you can see the proposed wildlife corridor as well.
There could also be a pool and/or splash pad, which would be great for children. Overall, we’re anticipating that Prospect could have 60+ acres of open space, parks, and trails.
Here's a cool drone video of Prospect Village:
Approximately 655 homes will be built in Prospect. We're hearing about half the homes could be single family, and the other half could be attached duplexes and townhomes (including Dream Finders townhomes and Meritage duplexes). I'm excited about the new housing options, especially given the recent demand we've been seeing in Sterling Ranch.
As just one example of the demand, we recently listed 9358 Bear River Street, a gorgeous single family Meritage in Providence Village. While the average Sterling Ranch resale goes under contract 93 days after listing right now, we were fortunate that, with our large digital marketing push (we reached over 25,000+ potential buyers in 5 days), the home went under contract with multiple offers the first week.
So it's encouraging to see more new housing options at different price points given the buyer demand that's out there right now! Be sure to check out But really ... how's the Sterling Ranch real estate marketing doing? for more on the local resale market.
Let's talk about the Meritage duplexes first.
According to Douglas County filings, Meritage's 120 duplex lots "are considered finished and all surrounding infrastructure is built." The building is being broken into phases, with 30 lots going vertical first. I don't have pricing information yet, but as one data point Meritage has paired homes up C-470 in Castle Valley that start at $444,990.
Dream Finders Homes recently submitted filings to build 19 townhomes in Prospect Village. We don't have pricing yet for the townhomes, but Dream Finders does have luxury townhomes in Ascent Village currently for sale we can look at (and which are selling quickly by the way).
The Terrain townhomes are 1,420 square feet with 3 bedrooms and 2.5 bathrooms. They're 2 stories and have a 2 car garage and start at $399,990.
The Foothills townhomes are 1,459 square feet with 3 bedrooms and 2.5 bathrooms. They're also 2 stories and have a 2 car garage and start at $409,990.
We'll have to see where Dream Finders comes in from a pricing perspective, but that's what we know today.
Last but not least, check out the Sterling Ranch Roundup soon for more information on potential changes to Sterling Ranch's school situation!
Mariel Ross is a realtor who specializes in helping clients budget for, design, and build their dream homes or find the resale of their dreams. At Focus Real Estate we've helped clients build hundreds of new homes around Denver with Lennar, Parkwood, Richmond, Wonderland, Shea, and many other builders. We've also listed many beautiful homes and represented buyers throughout Denver on resales.
Learn more about what I do here, as well as the cost. In short, if you build in Sterling Ranch or just about every other new neighborhood in Denver your builder pays your realtor, not you, so our services are at no additional cost to you - which is how we're able to offer our free New Home Package.
The Sterling Ranch Roundup is powered by Focus Real Estate. We list and sell homes in Denver for a 1.5% listing commission.