Percheron: Inside the New Master-Planned Community Rising in Northeast Colorado Springs
Percheron is one of the biggest new communities taking shape in Colorado Springs: nearly 900 acres, three builders, trails and parks, with homes from the mid-$300,000s. Here is what buyers and sellers should know this fall.
Percheron is one of the largest new communities taking shape in Colorado Springs right now, and if you have been searching for new construction on the northeast side, you have likely seen the name. It sits on roughly 887 acres where East Woodmen Road meets Banning Lewis Parkway, and it is far enough along that the first residents are already home while the builders keep opening new phases. Here is what is real about this community today, and what it means if you are buying or selling nearby.
A big plan, laid out in phases
Percheron is a master-planned community from Norwood Development Group. The city approved the overall plan with roughly 2,600 to 2,900 homes envisioned over time, and the first phase includes more than 400 single-family lots. Three builders are active here: Classic Homes, Lennar, and Vantage Homes. That mix lets one neighborhood serve a first-time buyer and a move-up buyer at the same time.
Price points and floor plans
Homes in Percheron span a wide range: smaller Classic plans start in the mid-$300,000s, while larger move-up homes push past $900,000, with roughly three to six bedrooms and 1,300 to 4,400 square feet depending on builder and plan. Classic's newest Portrait Collection also offers select plans with an optional accessory dwelling unit, handy if you want separate space for family, guests, or rental income.
What comes with the neighborhood
The community plan includes more than five miles of trails, about 30 acres of parks and open space, two school sites, and room down the road for a large regional sports complex and commercial space. The name honors the Percheron draft horses that once worked this ranch country. This is not a subdivision dropped onto empty land; it is a long-term master plan on the city's growing northeast side. Our Percheron neighborhood guide covers how it fits into the wider area.
What it means if you are buying or selling this fall
If you are buying, more supply is good news. El Paso County is sitting at roughly three to four months of inventory, and fall data shows a majority of listings across the county have cut their asking price at some point. Builders are competing for buyers, which you can feel in the incentives being offered around the Springs. If you are selling nearby, new construction adds choices for buyers, so the basics still carry the day: price honestly, show well, and let the numbers do the talking. There are no emergencies in real estate.
The bottom line
Percheron is worth a look if you like the idea of a neighborhood that keeps growing for years rather than arriving finished all at once. New construction takes homework: builder quality, timelines, and what is actually included vary from one sales center to the next. That is the kind of comparison we help with every week, and we are happy to walk you through it. Rest easy, you are in great hands.
Text us at 719-499-9394 or book a free consultation.
Jeff & Lane Morrell | eXp Realty
Information reflects publicly available builder and community materials as of October 2026; home prices, floor plans, and amenities change frequently and should be confirmed directly with each builder. Phasing and community plans may shift over time.