$24,950,000
1 Mission Lakes Boulevard Desert Hot Springs, CA 92240
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$24,950,000
Est. payment /mo
160 Acres Lot
UPDATED:
10/23/2024 03:39 AM
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 219117858
HOA Y/N No
Lot Size 160.000 Acres
Acres 160.0
Property Description
SUNSET RIDGE offers a rare approved Specific Plan on 160± Gross Acres (not all developable) located within in the City of Desert Hot Springs within minutes of Downtown Palm Springs. The previous Tentative Tract Map was approved for 5,500 to 16,000 sf. lots however the low density residential zoning allows up to 5DU/acre which in theory could yield as many as 800± potential units (Buyer to Verify). This opportunity is ideal for a build-for-rent developer, or homebuilder. With panoramic mountain range views to the north, west, and east in the near the hills of North-West Desert Hot Springs, home price premiums or rents are expected. Sunset Ridge falls within the attendance boundaries of the Palm Springs Unified District and is located near the Painted Hills Middle School & Bella Vista Middle School. The subject property is located east west of Mission Lakes Golf Course (semi-private), and just north-east west of the recently opened Mission Lakes Retail Center. In summary, Sunset Ridge is an attractive locale for families, retirees, and vacation / second home buyers seeking spacious but affordable living on traditional (or potential smaller) lot sizes with ample access to outdoor recreational activities.
Location
State CA
County Riverside
Area 340 - Desert Hot Springs
Exterior
View Y/N true
View Mountain(s), Panoramic
Private Pool No
Building
Sewer Other
Others
Senior Community No
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
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Listed by The Hoffman Company
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