Perley Lane is a small 55+ condominium community in Durham developed as part of the broader Fitts Farm residential project. The neighborhood occupies a wooded setting close to downtown Durham and the University of New Hampshire, offering residents the feel of an individual-home neighborhood while retaining the maintenance advantages of condominium ownership. Its limited size and detached-home orientation give it a quieter, more private character than a conventional condominium complex.

The community contains 13 condominiums, with nine detached homes and four attached homes commonly described as duplex or condex units. Public property records show construction around 2012, with wood-frame buildings and cottage/bungalow or ranch-influenced designs. Homes are generally arranged on individual lots rather than within a multistory condominium building.

Perley Lane is designed for residents seeking an active-adult, low-maintenance lifestyle. Association responsibilities include landscaping, plowing and trash service, while the wooded setting and shared land contribute to the neighborhood's residential atmosphere. Smithfield Construction describes the homes as Energy Star-oriented, cottage-style detached condominiums in a private wooded setting.

The location is one of the community's strongest features. Residents are close to downtown Durham, the public library, UNH and major commuting routes, with convenient access to Route 4 and the wider Seacoast. Dover, Portsmouth and regional shopping and healthcare are within an easy drive, while the surrounding Durham countryside provides opportunities for walking and outdoor recreation.