April SunCrest Market Update

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Hidden Canyon Estates, Mercer Mountain Estates and Lakeview Heights

There’s more development in motion in SunCrest! Recently, Draper City Council approved a master development agreement regarding the properties known as Hidden Canyon Estates, Mercer Mountain Estates and Lakeview Heights.

Hidden Canyon, Mercer Mountain, and Lakeview Heights

Map of Hidden Canyon, Mercer Mountain, & Lakeview Heights
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Hidden Canyon Estates

Located adjacent to the Stoneleigh Heights Townhomes and the future Edelweiss development, the agreement allows up to 300 single-family homes with a minimum lot requirement of 7,500 sq. ft. The developer will contribute $500,0000 towards the construction of trails/trailhead in either the first or second phase.

Mercer Mountain Estates

This 20-acre parcel, acquired in the Zion’s Bank acquisition, will be limited to 50 single-family homes with a minimum lot requirement of 12,000 sq. ft. The agreement will allow for a gated community if desired and all roads within MME will be private streets.

Lakeview Heights

This 20-acre parcel, commonly referred to as the “concrete jungle,” was also acquired in the Zion’s Bank acquisition. This parcel will allow townhomes or condos and be limited to 160 units and all roads within LH will be private streets.

March Active Listings

march-2015-active

March Pending Listings

march-2015-pending

March Sold Listings

march-2015-sold

Our Take

Demand has been heavy for new construction throughout the valley and we expect SunCrest to be no different. With over 500 units slated above, we expect to see varieties in sizes, floor plans, and the latest trends that will appeal to a wide range of homebuyers bringing in more competition if you’re in the market to sell.

Posted on May 1, 2015 at 9:26 am
Scott Steadman | Category: SunCrest Market Updates

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