Flying Horse preps for further development

Developers of the Flying Horse golf course development on the far north end of town are asking the Colorado Springs planning commission today for the green light to break ground on 122 new single-family home sites.

Doug Stimple, owner of Flying Horse Development and Classic Homes said the new plots will be in the development’s Turin neighborhood.

“Those are going to be some of the more affordable lots we’ve ever put in Flying Horse,” Stimple said.

The new 60,000 to 70,000-square-foot lots will sit adjacent to the Encore active adult development and will include several lots with walk-out basements. Many of them are also oriented so the backyards will face the mountains, Stimple said.

They will be priced around $75,000 each for the land.

“We’ve had some nice absorption in Flying Horse this year,” he said. “That gives you a little reason for optimism.

The development’s higher-end Verona and Saratoga subdivisions are filling up and Flying Horse is preparing to begin development in its new Messina subdivision, which Stimple said will serve as a replacement for its Verona filing once all of those lots are sold. The larger golf course lots in that neighborhood will start around $180,000.

The developers are also building some townhomes adjacent to its Sanoma subdivision.

“We wanted to bring something in at a bit of a lower price point,” Stimple said. “Those have nice appointments and you can really get the price down on those.”

He said there are already eight duplex townhouse units built with plans for another 12 or so and reservations for six.

Every Flying Horse lot is sold with a $7,000 membership to the country club and athletic facilities. Residents need only pay the monthly dues unless they want to upgrade to the full golf membership, Stimple said.

He expects to apply for another filing of the Verona subdivision in 2012.