0 Palm Drive
Desert Hot Springs, CA, 92240 $ 5,000,000
Baths0.0 Monthly Estimate*
$ 30,786
Studio for $5,000,000. The lot size is 5.
Shovel-Ready in ~ 6 Months +/- | 20-Year Development Agreement | New Markets Tax Credit Zone. Located in the heart of Desert Hot Springs "The Spa City" - this rare 25-acre site is one of the most advanced entitled development opportunities available in the Coachella Valley. Perfectly positioned for a luxury gated condominium community featuring ultra-premium resort-style amenities. Key Highlights: Fully entitled for a gated condominium community, 20-Year Development Agreement in place, (NMTC) Zone, Steps to shopping, and everyday conveniences. Cooperative, developer-friendly Planning & Building Department. Extensive Due Diligence & Entitlements Completed: Seller has invested heavily in de-risking the project with the following already completed:Phase I Environmental Report, Acoustical Site Assessment & Structural Acoustical, General Biological Assessment, Jurisdictional Delineation, Paleontological Resources Assessment, CEQA Mitigated Negative Declaration (MND), Phase I Cultural Resources Focused Species Presence/Absence Surveys, Addendum to Environmental Assessment, Hydrology Studies, Feasibility Study, Appraisal & Proforma, Tentative Tract Map & CUP Site Map, Open Space, Parking & Photometrics Calculations, Full Conceptual Design Package (Elevations A/B/C, Community Building Elevations, Unit Plans, Site Plan) Carport Design & Solar Plan, Complete Landscape Architecture (Landscape Plan, Plant Image Board, Wall Plan) Amenities Plan, Tentative Community Start-Finish Schedule, Executive Summary, Arts in Public Places Plan, Plus all supporting studies. Additional Turn-Key Advantages: In-house Real Estate Broker for on-site pre-sales, In-house lender, Attorney for HOAs, Full consultant team on board. Bring your General Contractor and claim your reserved parking space plaque! This is a true turn-key opportunity all the heavy lifting is done. Now it's time to build. Contact Exclusive Agent for Full Due-Diligence Package & further details.
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FeaturesGeneralZoning RH
View Mountain(s) Desert
County Riverside
New Construction No
Property Type D
HOA No
Subdivision Name Agua Dulce
Status Active
City Desert Hot Springs
Senior Community Y/N No
MLS Area 340 - Desert Hot Springs
Lot Size Units Square Feet
Lot Size Square Feet 217800.0
Land Lease Y/N No
Standard Status Active
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ExteriorWater Source Public
Lot Size Area 217800.0
Lot Size Acres 5.0
Land Lease Type Fee
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* Excluded FeaturesList ByAlizabeth JamesListing Agent
Realty Source IncorporatedBroker
Affordability Calculator
- Monthly Principal & Interest
- $30,786
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyLots and land listings in Desert Hot Springs, CA
Average List Price $467,699
Percent of Sale Price 91%
About Desert Hot Springs, CA 28,699 Population
56% Since 2002
$ 33,838 Median Income
33.65 Median Age
38% Households with Children
Trends Information provided by ATTOM Data Solutions.
793437 Elementary School
793428 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 3/10/2026 | $5,000,000 | | Listed Price |