68550 Grove Street, Cathedral City, CA 92234

Local realty services provided by:ERA Donahoe Realty
68550 Grove Street,Cathedral City, CA 92234
$11,950,000
  • 24 Beds
  • 43 Baths
  • 19,868 sq. ft.
  • Multi-family
  • Active
Listed by:ethan mezrahi
Office:real brokerage technologies
MLS#:219138249
Source:CA_DAMLS

Price summary

  • Price:$11,950,000
  • Price per sq. ft.:$601.47

About this home

The Jasper is a one-of-a-kind opportunity to acquire 19 Multi-Family Units (currently under construction and estimated to be completed in Q1 2026) with an infill downtown location in fast-growing Cathedral City, which is currently experiencing a major development renaissance. This well-located property is off of the main arterial road ''Hwy. 111/East Palm Canyon Drive'' and is nearby the newly constructed and opened ''Agua Caliente Casino'' which created over 500 new jobs, with over 500 new slot/gaming machines & table games, and several new restaurants. Additional new retail is under construction to the east including Starbucks, Chipotle, Farmer Boys, and Circle K. This project is truly a prime pedestrian-oriented development. Furthermore, The Jasper is located within the state's Qualified Opportunity Zone (rare for superior locations like this), which can allow for significant capital gains tax savings for qualified investors.

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Home facts

  • Year built:2025
  • Listing ID #:219138249
  • Added:1 day(s) ago
  • Updated:November 05, 2025 at 08:29 PM

Rooms and interior

  • Bedrooms:24
  • Total bathrooms:43
  • Full bathrooms:28
  • Half bathrooms:15
  • Living area:19,868 sq. ft.

Heating and cooling

  • Cooling:Air Conditioning
  • Heating:Forced Air

Structure and exterior

  • Year built:2025
  • Building area:19,868 sq. ft.
  • Lot area:0.68 Acres

Utilities

  • Sewer:Connected and Paid, In

Finances and disclosures

  • Price:$11,950,000
  • Price per sq. ft.:$601.47
Based on information from the California Desert Association of REALTORS® as of November 5, 2025. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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