0 Palm Drive Desert Hot Springs, CA ^$ 6,000,000

0 Palm Drive

^$ 6,000,000

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Foreclosure

0 Palm Drive

Desert Hot Springs, CA, 92240

^$ 6,000,000

Studio Baths0.0

Monthly Estimate*

^$ 39,878

Listed by smithREgroup

0 Palm Drive, Desert Hot Springs, CA 92240 - Image 1

0 Palm Drive, Desert Hot Springs, CA 92240 - Image 2

0 Palm Drive, Desert Hot Springs, CA 92240 - Image 3

0 Palm Drive, Desert Hot Springs, CA 92240 - Image 4

0 Palm Drive, Desert Hot Springs, CA 92240 - Image 5

0 Palm Drive, Desert Hot Springs, CA 92240 - Image 6

0 Palm Drive, Desert Hot Springs, CA 92240 - Image 7

0 Palm Drive, Desert Hot Springs, CA 92240 - Image 8

0 Palm Drive, Desert Hot Springs, CA 92240 - Image 9

0 Palm Drive, Desert Hot Springs, CA 92240 - Image 10

0 Palm Drive, Desert Hot Springs, CA 92240 - Image 11

Studio

Lots and Land for sale in Desert Hot Springs, CA

for $6,000,000. The lot size is 25.

PRIVATE LENDER REO. PRICE REDUCED TO $6,000,000! 25 acre parcel with APPROVED 402 unit residential condominium community consisting of all 2BR 2BA, dual master suite 1245 SF units and two-level community center. Desert Hot Springs is the fastest growing city in the Coachella Valley and positioned to become a cornerstone of affordable, entry-level housing for the existing and growing workforce in the area. Site is within 20 minutes of all major employment centers, health care facilities and resorts in the Greater Palm Springs area. Development Permit, Conditional Use Permit and Tentative Tract Map have been approved. 175 page City of Desert Hot Springs Staff Report is available. Property previously sold in 2022 for $9,000,000. Appraisal report available. At pro-forma sale price of $250,000 per unit, land cost is 8.9%. Total project revenue is estimated at $100 million.

Lots and Land Active

Price

^$ 6,000,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

^$ 0

Style

Lot Size

Town/City

Desert Hot Springs

County/Region

Riverside

MLS | Web ID

PW24044386

Days on Market

Features

General

Utilities ElectricityAvailable SewerAvailable WaterAvailable

Zoning RM

HOA 0.0

View Mountains

Community Features Suburban

Additional Parcels Description 656-030-006 656-030-007 656-030-008

County Riverside

New Construction N

Property Type Land

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions RealEstateOwned

Status Active

Directions Interstate 10 Exit Gene Autry Trail North approx 7 miles.

City Desert Hot Springs

Disclosures CityInspectionRequired ConditionalUsePermit

View Y/N Y

Senior Community Y/N N

Zoning Description Residential High Density

MLS Area 699 - Not Defined

Lot Size Square Feet 1089000.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Palm

Listing Terms Cash CashtoNewLoan

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 71

Standard Status Active

Exterior

Fencing None

Lot Features Item1620UnitsAcre

Water Source Other

Lot Size Area 25.0

Spa N

Lot Size Acres 25.0

Lot Size Units Acres

Lot Size Source Assessor

Road Frontage Type CityStreet

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Street Suffix Drive

Electric On Property Y/N N

Internal Only

Street Number 1 0

* Excluded Features

List By

Smithregroup

Broker

(888) 281-5048

Phone

Affordability Calculator

$39,878

Per Month

Monthly Principal & Interest: $39,878
Monthly Property Taxes: --
Monthly Home Insurance: --

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Loan Term

Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% 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.

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Nearby

Trends
Schools

Lots and land listings in Desert Hot Springs, CA

Average List Price ^$459,862

Percent of Sale Price 92%

About Desert Hot Springs, CA

28,699 Population

56% Since 2002

^$33,838 Median Income

33.65 Median Age

38% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/14/2024	$6,000,000	-33.33%	Price Down
3/5/2024	$9,000,000		Listed Price

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0 Palm Drive, Desert Hot Springs, CA, 92240 is a Lots and Land for sale at $6,000,000 with a lot size of 25. 0 Palm Drive is a studio with 0.0 baths. The property's zip code is 92240 which is in Desert Hot Springs, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% 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.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/27/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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0 Palm Drive

Lots and Land for sale in Desert Hot Springs, CA

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