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2648 Lower Crags Point, Colorado Springs, CO, 80904

3beds
3baths
2,137sqft
$499,100
$234price/sqft
$3,200/moest. monthly cost
$128,000/yrincome needed

About This Home

This new three-story home is designed for the way people live today. The main living area is located on the second floor among an open-concept layout shared between the kitchen, dining nook and Great Room, adjacent to a versatile study. All three bedrooms are located on the third floor for optimal comfort and privacy, including a lavish owner's suite with a full bathroom and dual walk-in closets. A roomy two-bay garage on the first level is ready for any storage or parking needs.

Getting Around

4
WalkingCar-Dependent
27
TransitSome Transit
9
BikeSomewhat Bikeable

Schools

6/10
Jackson Elementary SchoolGrades PK-51.5 mi
6/10
Holmes Middle SchoolGrades 6-80.6 mi
4/10
Coronado High SchoolGrades 9-120.6 mi

Construction

Condition

  • Property condition: New Construction
  • New construction: Yes
  • Year built: 2026

Other

  • Builder name: Lennar

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1

Interior Area

  • Total interior livable area: 2,137 sqft

Property

Details

  • Parcel number: 7336303038

Features

  • Levels: 3.0
  • Stories: 3

Parking

  • Total spaces: 2
  • Parking features: Garage
  • Has garage: Yes
  • Attached garage spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Lightning
    LightningRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Hail
    HailModerate
  • Tornado
    TornadoModerate
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

Lightning
Winter Weather
Hail
Tornado
Wildfire

FEMA Declared Disasters Across Colorado Counties

Flood
Severe Storm
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,523$30,276
Home Insurance *$303$3,636
Property Taxes $188$2,256
Electricity $186$2,232
Total$3,200$38,400
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$109,714/yr
40% on housing$96,000/yr
45% on housing$85,333/yr

Colorado FAIR Plan Programs

Colorado FAIR Plan

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 15.0%
15.0%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 2.5%
2.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$234This listing

vs Other Active Listings

Avg $/sqft

ZIP 80904$184
El Paso County$182

vs Homes Sold Last Month

Median $/sqft

ZIP 80904
El Paso County

Current Market Trends

No market data available for this area

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-06Price change$524,900
2026-03-26Price change$499,900
2026-03-22Price change$542,350
2026-03-14Price change$549,900
2026-03-04Listed for sale$554,900

New Construction Spec

BrokerageLennar

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