$2,900,000
For Sale
35.00 acres | #OC23097579
Listing OfficeColdwell Banker Realty
Browse 10 photos
Type:Purchase
Structure:Land
Zone:Residential

Description

Welcome to an extraordinary investment, development, and builder prospect in the heart of Coachella, California. This expansive 35-acre parcel of level land presents a lucrative development opportunity due to its prime location adjacent to the Eagle Falls 18-hole Golf Course, its proximity to the 10 freeway, and the esteemed Fantasy Springs Casino. With awe-inspiring views of the surrounding mountains, this remarkable property is currently zoned R-D: Resort District. This zoning update as of August 2023 is a true game-changer, as it unlocks a multitude of development opportunities for investors, builders, and developers alike. Embracing the Resort District zoning, the property will offer an array of exciting possibilities including hotels, motels, restaurants, single-family homes, duplexes, triplexes, fourplexes, golf courses, multi-family dwellings, tourist attractions, and much more. The expansion of potential uses broadens the horizon for growth and profitability, ensuring a highly lucrative investment for those with the foresight to seize this unique chance.
It is important to note the COACHELLA Music and Art Festival and STAGECOACH are held in this area every year drawing in thousands of visitors over several weekends. In 2024, both events were held approximately six miles away from this parcel of land at the Coachella Empire Polo Club.
This property also holds an enviable position as the city propels towards its visionary 2035 master plan, making it an exceptional location for your real estate venture. Notably, the impending La Entrada Master Planned Community serves as a resounding testament to the city's promising future. This visionary development is poised to redefine the very fabric of Coachella, offering a harmonious blend of residential, commercial, and recreational amenities. The forthcoming La Entrada Master Planned Community promises a seamless integration of vibrant neighborhoods, expansive parks, bustling shopping centers, and captivating entertainment venues.
With its strategic position within the evolving landscape of Coachella this property presents an unparalleled opportunity for astute investors and visionary developers. Embrace the potential of this prime location and become part of the city's exciting journey towards a brighter future.

  • Property Details
      • Utility FeaturesCableNotAvailable, ElectricityNotAvailable, NaturalGasNotAvailable, PhoneNotAvailable, SewerNotAvailable, WaterNotAvailable
      • SubdivisionTierra Del Sol (Coachella) (31521)
      • Lot DescriptionIrregularLot, Level
      • ViewDesert, Mountains
      • Original List Price$4,500,000
      • MLS #OC23097579
      • MLS #OC23097579
      • CountyRiverside
      • Property TypePurchase
      • Cost2900000
      • Property SubtypeLand
      • Acres35

Location

Pamela BriggsThe Briggs Team
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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