9
See all 9 photos
$1,600,000
Est. payment /mo
7.93 Acres Lot
Active
73155 Del Norte WAY Thousand Palms, CA 92276
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UPDATED:
12/11/2024 04:45 PM
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Thousand Palms
MLS Listing ID 219121195
HOA Y/N No
Lot Size 7.930 Acres
Acres 7.93
Property Description
NEW Coachella Valley Residential Subdivision.
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.
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.
Location
State CA
County Riverside
Area 320 - Thousand Palms
Exterior
Utilities Available Electricity Available, Natural Gas Available
View Y/N true
View Desert
Private Pool No
Building
Lot Description 5+ Lots
Sewer Public Hookup Available
Schools
Elementary Schools Della S. Lindley
High Schools Cathedral City
School District Palm Springs Unified
Others
Senior Community No
Acceptable Financing Owner Will Carry
Listing Terms Owner Will Carry
Special Listing Condition Standard
Listed by Windermere Real Estate