0 Palm Drive, Desert Hot Springs, CA 92240

Desert Hot Springs
Local realty services provided by:ERA North Orange County Real Estate
0 Palm Drive,Desert Hot Springs, CA 92240
$5,000,000
  • 5 Acres
  • Lots / Land
  • Active
Listed by: alizabeth james
Office: realty source incorporated
MLS#:26662423
Source:CRMLS

Price summary

  • Price:$5,000,000

About this home

1031 Exchange Opportunity: 25-Acre Turnkey Multifamily Site! Located in The Spa City, Desert Hot Springs, Coachella Valley $5M ($23/SF) Shovel-ready in 6 months =/-. Fully entitled for 402-unit luxury gated condo community. 20-year development agreement. New Market Tax Credit (NMTC) zone. Why this is gold for 1031 buyers: All heavy lifting done: Phase 1 environmental, CEQA MND, hydrology, cultural/paleo studies, biological surveys, acoustical reports, tentative tract map, CUP site plan, full conceptual design (elevations, unit plans, carports, amenities, landscape, image board, parking/photometrics). Developer-friendly city cooperative planning & building dept. Steps to shopping, everyday conveniences. Turnkey perks: in-house broker for pre-sales, lender, HOA attorney, full consultant team. Just bring your GC. Long runway: 20 years to build perfect for phased or hold strategy. True de-risked gem seller invested deep. Full due diligence package available. Buyer to verify 1031...

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Home facts

  • Listing ID #:26662423
  • Added:743 day(s) ago
  • Updated:March 17, 2026 at 11:35 PM

Structure and exterior

  • Lot area:5 Acres
  • Lot Features:Flat

Utilities

  • Water:Public

Finances and disclosures

  • Price:$5,000,000
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