On Tuesday the city of Saratoga Springs released the Beacon Pointe Community Plan. While it does not specifically mention a temple, there is no doubt the “Special Project” is the site for the Saratoga Springs temple President Monson announced in April 2017. The community plan states: “The Special Project site for the LDS Church [shown below] serves as a prominent architectural feature and focal monument.”
The Beacon Hill community will lie directly across from the north entrance to the Saratoga Springs lake front community and on the south west kitty corner from the Springside Elementary school.
The plans show views of Founders Blvd, a long straight road running from Redwood Road to the temple. These views remind me a lot of the Hale Laa Blvd running from the ocean to the Laie Hawaii temple.
The grand entrance to the Beacon Hill community will intersect the entrance to the Saratoga Springs community. While the houses and trees inhibit a view of the lake from the entrance of the Saratoga Springs community, from the pictures the community appears to slope up hill towards the temple allowing for a view of the lake from the temple. This is also hinted by the name “Beacon Hill’. An elevated temple will also provide a view of the temple to more of the local residents.
From the Saratoga Springs community facing towards the soon to be Beacon Hill community you can see that the site is very flat and will likely require moving a lot of soil to elevate the temple.
What will the Saratoga Springs temple mean for property values?
In 2003 an economic study was done on properties surrounding the Boston, Orlando, and Raleigh, NC temples. It found that 95% of properties within a 2-mile radius showed an increase of $29,455 – $77,445. We might expect the results to be even more impressive in Utah where 60% of the population is LDS. While I’m not sure whether the church plans to build out the subdivision it’s very likely they will be able to recoup the cost of building the temple from selling lots or homes.
In April I sold a home in Draper with views of the Draper, South Jordan and Oquirrh Mountain temples that brought a more than $100,000 premium to the sale price of the home. The property had undergone a full renovation, but the buyer loved the views so much she said she would have bought it even if it wasn’t updated just for the views.
When you have something as valuable as a temple view in Utah, it’s important to have an agent who really knows how to capture the most value for it. Not only is it important they hire top notch photographers, they need to know how to coach them on getting the right shots that will make your home sell for more. See the pictures below that helped me to sell this home for $1.2MM within the first 4 hours of listing.
Saratoga Springs, a great place to raise a family!
Saratoga Springs is such an awesome area that I am seriously considering raising my family there. It has a real small-town feel. The Saratoga Springs community allows its residents to ride off-road vehicles through the community and is a short distance from vast BLM land where you can enjoy shooting and off-roading. There’s the beautiful Talons Cove golf course, community pool, boat launch, and of course an incredible view of Utah Lake with Mt Timpanogos in the backdrop. While having a small town feel it’s only 45 minutes from SLC international airport, and 20 minutes from the Silicon Slopes tech center of Utah.
For the full Beacon Hills Community Plan visit: http://www.saratogaspringscity.com/DocumentCenter/View/2935/Beacon-Pointe-2018-Community-Plan-Updated-July-17-2018