Listing Courtesy of: Desert Area MLS / Wre Socal, Inc. / Paul "Poli" Magana
73155 Del Norte Way Thousand Palms, CA 92276
Active (10 Days)
$1,600,000
7.93
ACRES
Description
MLS #:
219121195
219121195
Lot Size
7.93 acres
7.93 acres
Type
Land
Land
Views
Desert
Desert
County
Riverside County
Riverside County
Listed By
Paul "Poli" Magana, DRE #CalDRE# 02150016, Wre Socal, Inc.
Source
Desert Area MLS
Last checked Dec 21 2024 at 4:45 PM PST
Desert Area MLS
Last checked Dec 21 2024 at 4:45 PM PST
Bathroom Details
Subdivision
- Thousand Palms
Lot Information
- 5+ Lots
Utility Information
- Sewer: Public Hookup Available
School Information
- Elementary School: Della S. Lindley
- High School: Cathedral City
Location
Estimated Monthly Mortgage Payment
*Based on Fixed Interest Rate withe a 30 year term, principal and interest only
Listing price
Down payment
%
Interest rate
%Mortgage calculator estimates are provided by Windermere Real Estate and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Copyright 2024 Desert Area MLS. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 12/21/24 08:45
Located north of the I-10 freeway, this 10-acre parcel is being subdivided to create approximately 25 additional residential lots. The existing home is not included in the sale. The seller will cover all entitlement costs up to an approved tentative map (TTM). Once the TTM is approved, the seller is open to an outright sale or considering a partnership proposal. The map has already been submitted to Riverside County for approval, with a second revision currently in progress. The seller is highly motivated and willing to carry a portion of the sale price. The TTM can be viewed in the image gallery. For inquiries, please contact the seller's commercial agent, Paul Magana, at 442-283-4886. Investment Highlights
Here are some investment highlights for developing homes in Thousand Palms, CA:
Strategic Location
Proximity to Major Highways: Conveniently located near the I-10 freeway, providing easy access to nearby cities such as Palm Springs, Palm Desert, and Indio.
Access to Transportation: Close to the Palm Springs International Airport, enhancing accessibility for future homeowners.
Growing Market
Strong Demand: The Coachella Valley continues to experience population growth, increasing demand for residential housing in affordable and accessible areas like Thousand Palms.
Expanding Economy: The region is supported by industries like tourism, agriculture, renewable energy, and logistics, contributing to steady economic growth.
Affordable Entry Point
Lower Land Costs: Land prices in Thousand Palms are often more affordable compared to neighboring communities, offering a cost-effective opportunity for development.
Potential for Higher ROI: Competitive land prices paired with strong demand for housing create an attractive margin for investors.
Community and Amenities
Established Infrastructure: Utilities, schools, healthcare facilities, and retail centers are already available, providing an appealing setting for new residential projects.
Recreational Opportunities: Thousand Palms offers proximity to golf courses, nature reserves, and outdoor activities, attracting homebuyers seeking a high quality of life.
Development-Friendly Environment
Zoning and Entitlements: Areas in Thousand Palms often have development-friendly zoning, reducing entitlement hurdles.
Local Support: Riverside County and the Coachella Valley region actively support growth and development through incentives and streamlined processes.
Target Buyer Demographics
Workforce Housing: Affordable housing is in demand for local workers in industries like tourism, agriculture, and healthcare.
Retirees and Second Home Buyers: Thousand Palms' climate and affordability make it attractive to retirees and those seeking second homes in a desert setting.
Investment Flexibility
Development Options: Opportunities range from single-family homes to multi-family projects, depending on the land and zoning.
Partnership Potential: The area has a network of developers and investors open to joint ventures.
These highlights illustrate why Thousand Palms, CA, is a promising area for residential development, offering both affordability and long-term growth potential.