A newly constructed residence in Pecan Valley Estates, Hurricane, Utah, date not specified | Photograph courtesy of Artisan Properties, St. George Information
CONTRIBUTED CONTENT — Whether or not you’re an area resident of the Hurricane Valley or just vacationing within the space, you probably gained’t be capable to escape the thrill round city about how briskly Hurricane is rising and the way scorching the true property market is.
One Hurricane resident who’s all too aware of this sudden and speedy progress is Chris Wyler, the proprietor of Artisan Properties and the developer of Pecan Valley Estates, a leisure neighborhood positioned close to Sand Hole State Park.
Somewhat over a 12 months in the past, Artisan Properties formally broke floor on considered one of Hurricane’s latest and fastest-growing residence developments, Pecan Valley. In a press launch, Wyler stated that again in October 2019, he may have by no means imagined that when he scooped out the primary shovelful of grime throughout the groundbreaking ceremony, Pecan Valley could be offered out nearly a 12 months later.
“I’ve motive to be glad about builders like Alan Gren with Gren Enterprises and Jeff Madsen with Madsen Properties,” Wyler stated, “as a result of if it weren’t for his or her assist together with one other handful of native builders, contractors and realtors, I’d not have been capable of sustain with the demand of all of the customized homebuyers which have hit the market.”
Wyler additionally expressed appreciation for the indispensable monetary providers supplied by Rock Canyon Financial institution.
In line with the press launch, this week marks one other momentous event for Pecan Valley, as Artisan Properties celebrated the groundbreaking for phases two and three. Kent Schwager of Simplicity Actual Property Group elaborated on what makes these new properties so distinctive and fascinating.
“Within the final six months, Sand Hole has remodeled into one of many hottest areas to purchase actual property, and consumers are coming in droves to make the most of the distinctive outside recreation this space has to supply,” he stated. “Recognizing this demand, Artisan Properties has designed their properties completely round a leisure way of life. If you wish to personal a house with a personal pool and also you occur to personal a UTV, a ship, a number of bikes and an RV, you’ve got discovered a improvement constructed round your way of life.”
Artisan Properties is just one of two builders within the space providing single-family properties which can be permitted for short-term trip leases. Till now, short-term trip rental stock has been principally restricted to medium to high-density townhomes.
Pecan Valley modifications every part, the press launch said, by providing not solely single-family properties however heaps with room for leisure automobile garages and house left over for a personal pool. Much more thrilling are the native consumers who’re shifting in after which capitalizing on the funding of proudly owning a house permitted for short-term leases.
Artisan Properties initiatives that the event might be prepared for building with utilities and roads within the mid-spring. Lot sizes will span from a quarter-acre to a half-acre. The sq. footage of the properties varies from 2,200 to over 5,500, and residential costs will probably begin within the $600,000 vary and prime out at $1.5 million.
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