Nova55Living › Colorado Springs › The Retreat at Banning Lewis Ranch
Colorado Springs, CO · 55+ Age-Restricted · Gated · 236 Homes · Oakwood Homes (Berkshire Hathaway) · New Construction Ongoing
The Retreat is Colorado Springs’s only resort-style, purpose-built 55+ active adult community — and likely the only one between Denver and Albuquerque. 236 planned homes inside the award-winning Banning Lewis Ranch master-plan, with a private gated enclave, 10,000 sq ft amenity center, beach-entry pool, outdoor spa, pickleball, bocce, and a full-time lifestyle director. For buyers comparing Colorado Springs to Phoenix, Scottsdale, or The Villages — this is the closest Colorado equivalent at this price range.
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Talk to a Specialist →| Item | Amount | Notes |
|---|---|---|
| Home Price Range | $450K–$900K+ | New construction ongoing; avg ~$592K per 55places data |
| HOA Fee | ~$150–$250/mo | Covers amenity center access, common areas; confirm with Oakwood |
| Property Tax (est.) | ~$2,350–$4,230/yr | El Paso Co ~0.47% effective; ($home − $55K) × 6.25% × mill levy |
| After Senior Exemption | ~$1,880–$3,760/yr | 65+, 10-yr ownership; 50% of first $200K actual value exempt |
| Homeowners Insurance | ~$1,800–$2,800/yr | Hail risk in Colorado Springs; get quotes before closing |
| Metro District Fees | Verify | Banning Lewis Ranch overlays a metro district; total mill levy is higher than county-only rate |
Private 10,000 sq ft clubhouse reserved for Retreat residents (not shared with Banning Lewis Ranch’s all-ages community). Fitness center, movement studio, multipurpose room, entertaining kitchen, locker rooms, outdoor spa, beach-entry pool, pickleball courts, bocce ball, full-time lifestyle director. This is the differentiator: no other 55+ community in Colorado Springs has this amenity footprint.
East Colorado Springs near Dublin Blvd and Vista Del Valle Dr. Newer quadrant of the city — closer to Powers Blvd retail corridor, UCHealth Memorial Hospital East, and Peterson SFB (~10–15 min). Further from Pikes Peak’s west-side trailheads and historic Old Colorado City.
Peterson Space Force Base is roughly 10–15 minutes from The Retreat. Veterans with 100% permanent VA disability rating pay zero property tax in Colorado. Combined with El Paso County’s already-low ~0.47% effective rate for non-exempt owners, this is one of the most military-retirement-friendly locations in the country.
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The Retreat vs. Village of Cortona →The Retreat vs. Elan →El Paso County Tax Guide →Get Expert Help →Connect with a specialist who knows this market from the inside — real cost math, honest community comparisons, and what's actually happening right now. Every agent is personally vetted by the Nova55Living founder.
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