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0 Palm Dr, Desert Hot Springs, CA 92240
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0 Palm Dr Desert Hot Springs, CA 92240

$6,000,000
  • -- Beds
  • -- Baths
  • -- Sq.Ft.
For Sale
$6,000,000 Get Pre-Qualified
Map preview of 0 Palm Dr, Desert Hot Springs, CA 92240

Property Overview: 0 Palm Dr Desert Hot Springs, CA has -- bedrooms, -- bathrooms, -- living square feet and 1,089,000 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by Randy Smith | BRE #02135413 | smithREgroup
Last checked: 16 minutes ago | Last updated: May 14th, 2024 | Source CRMLS | DOM: 87
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Home details

Lot Sq. Ft
1,089,000
HOA Dues
$0/mo
Year built
--
Garage
--
Property Type:
Land
Status
Active
MLS#
PW24044386
City
Desert Hot Springs
County
Riverside
Time on Site
89 days

Open Houses for 0 Palm Dr

No upcoming open houses

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Property Details for 0 Palm Dr

Exterior Features
Exterior Information
  • None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 16-20 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Mountain(s)
  • Parcel Number: 656030005
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Water Source: Other
  • Utilities: Electricity Available, Sewer Available, Water Available
Assessment Information
  • Assessments: Buyer to Verify
Location / Neighborhood
Location Information
  • Directions: Interstate 10, Exit Gene Autry Trail, North approx 7 miles.
  • Road Frontage Type: City Street
Neighborhood Information
  • Community Features: Suburban
View more facts & features

Local Desert Hot Springs Agent

Sale History for 0 Palm Dr

Last sold for $45,000 on September 11th, 2023

  • September, 2023

  • Sep 11, 2023

    Date

    Sold

    CRMLS: 219089682DA

    $45,000

    Price

  • Jan 20, 2023

    Date

    Active

    CRMLS: 219089682DA

    $49,000

    Price

  • Listing provided courtesy of CRMLS

    Very nice lot North of Mission Lakes Blvd!

  • December, 2022

  • Dec 30, 2022

    Date

    Expired

    CRMLS: 219080962DA

    $29,500

    Price

  • Jun 24, 2022

    Date

    Active

    CRMLS: 219080962DA

    $29,500

    Price

  • Listing provided courtesy of CRMLS

  • December, 2022

  • Dec 23, 2022

    Date

    Expired

    CRMLS: IV22001938

    $150,000

    Price

  • Jan 5, 2022

    Date

    Active

    CRMLS: IV22001938

    $150,000

    Price

  • Listing provided courtesy of CRMLS

    Vacant, commercial lot, with endless opportunities. 2 lots combined making it 18,730 SF total. Sale to include additional APN: 639-211-015

  • June, 2022

  • Jun 15, 2022

    Date

    Expired

    CRMLS: 219069101DA

    $449,000

    Price

  • Oct 17, 2021

    Date

    Active

    CRMLS: 219069101DA

    $449,000

    Price

  • Listing provided courtesy of CRMLS

  • February, 2022

  • Feb 2, 2022

    Date

    Canceled

    CRMLS: 21795914

    $17,900,000

    Price

  • Oct 15, 2021

    Date

    Active

    CRMLS: 21795914

    $17,900,000

    Price

  • Listing provided courtesy of CRMLS

    APN:656-030-005656-030-006656-030-007656-030-008 * Zoning: High Density* 25-Acres Vacant Land* Land: Free & Clear* Status: Entitlements Approved * Location: Palm Drive & 15th Ave in Desert Hot Springs, CA 92240* Location: The property is located in the up-and-coming area of the Coachella Valley, better known as the "Spa City" Desert Hot Springs, west side of Palm Drive north of 15th Ave. 330' Palm Drive frontage with MU-C zoning.

  • September, 2021

  • Sep 3, 2021

    Date

    Active Under Contract

    CRMLS: 21721970

    $34,900

    Price

  • Apr 21, 2021

    Date

    Active

    CRMLS: 21721970

    $34,900

    Price

  • Listing provided courtesy of CRMLS

    Great buildable lot in Desert Hot Springs. South west Mountain views that are spectacular. Priced to sell.

  • April, 2021

  • Apr 8, 2021

    Date

    Expired

    CRMLS: 20568248

    $12,500,000

    Price

  • Apr 7, 2021

    Date

    Withdrawn

    CRMLS: 20568248

    $12,500,000

    Price

  • Feb 18, 2021

    Date

    Pending

    CRMLS: 20568248

    $12,500,000

    Price

  • Oct 15, 2020

    Date

    Price Change

    CRMLS: 20568248

    $12,500,000

    Price

  • Aug 3, 2020

    Date

    Pending

    CRMLS: 20568248

    $8,900,000

    Price

  • Apr 1, 2020

    Date

    Active

    CRMLS: 20568248

    $8,900,000

    Price

  • Listing provided courtesy of CRMLS

    Marbella Villas Condominiums will be a gated community consisting of (402) dual master suites with 2 baths, and approximately 1190 - Sq. Ft. of luxurious affordable living space. 10% of the units will be allocated to affordable housing. The Marbella Villas property is situated 660 yards from the Opportunity Zones yet is situated within the Qualified New Market Tax Credit tracts.* APN:656-030-005656-030-006656-030-007656-030-008 * Zoning: High Density* 25-Acres Vacant Land* Land: Free & Clear* Status: Entitlements Approved * Location: Palm Drive & 15th Ave in Desert Hot Springs, CA 92240* Frequency: 402 Condominiums* Floor Plan: Dual Master Suites Location: The property is located in the up-and-coming area of the Coachella Valley, better known as "Spa City" Desert Hot Springs, west side of Palm Drive north of 15th Ave.

  • April, 2021

  • Apr 6, 2021

    Date

    Active

    CRMLS: JT21071004

    $300,000

    Price

  • Listing provided courtesy of CRMLS

    Three contiguous lots zoned commercial. 022 is 6970 sq. ft. 023 is 7405 sq. ft., and 024 is 7841 sq. ft. per county records. West side of Palm Drive at 3rd street looking north. Desert Hot Springs is growing by leaps and bounds!! Perfect for Cannibis related future construction Buyer is responsible to investigate and verify suitability and zoning for his intended use.

  • September, 2020

  • Sep 26, 2020

    Date

    Sold

    CRMLS: OC20146663

    $110,000

    Price

  • Aug 18, 2020

    Date

    Active Under Contract

    CRMLS: OC20146663

    $115,000

    Price

  • Jul 24, 2020

    Date

    Active

    CRMLS: OC20146663

    $115,000

    Price

  • Listing provided courtesy of CRMLS

    GOLDEN OPPORTUNITY FOR COMMERICAL DEVELOPMENT! Quick Facts: Water,Sewer,Electricity all there!!! 10,200 Sq. Ft. (60 ft width x 170 ft depth) Google Coordinates: 33.949828, -116.501782 . Located between 13721 Palm Dr. and 13525 Palm Dr.

  • January, 2020

  • Jan 17, 2020

    Date

    Expired

    CRMLS: 219003165DA

    $2,950,000

    Price

  • Jan 28, 2019

    Date

    Active

    CRMLS: 219003165DA

    $2,950,000

    Price

  • Listing provided courtesy of CRMLS

    Great development opportunity with the new General Plan update. Currently zoned residential but the new Plan calls for Mixed Use, which has a variety of permitted uses along with the possibility of a Conditional Use Permit.

  • September, 2019

  • Sep 19, 2019

    Date

    Canceled

    CRMLS: 16156376PS

    $650,000

    Price

  • Listing provided courtesy of CRMLS

    Great Vacant land located at Palm Drive!! W-2 Zoning(Buyer to verify with the city or county the zoning building possibilities) Do not miss out this fantastic opportunity!!

  • March, 2018

  • Mar 21, 2018

    Date

    Sold

    CRMLS: 218004166DA

    $50,000

    Price

  • Feb 15, 2018

    Date

    Pending

    CRMLS: 218004166DA

    $59,500

    Price

  • Feb 2, 2018

    Date

    Active

    CRMLS: 218004166DA

    $59,500

    Price

  • Listing provided courtesy of CRMLS

    Vacant lot on the corner of Palm Dr and San Diego Dr. Per the city property is zoned R/VS-M, residential-visitor serving medium density. Uses include spa/rec some hotel resort, possible bed and breakfast. Other uses with a conditional use or development permit allowed. Buyer and Buyers agent can verify utility and zoning information with proper agencies.

  • March, 2018

  • Mar 21, 2018

    Date

    Expired

    CRMLS: 17213038PS

    $20,000

    Price

  • Mar 20, 2017

    Date

    Active

    CRMLS: 17213038PS

    $20,000

    Price

  • Listing provided courtesy of CRMLS

  • March, 2018

  • Mar 11, 2018

    Date

    Expired

    CRMLS: 217013660DA

    $2,125,000

    Price

  • May 8, 2017

    Date

    Active

    CRMLS: 217013660DA

    $2,125,000

    Price

  • Listing provided courtesy of CRMLS

    Palm Drive commercial land next to K-Mart Shopping Center. The newer Riverside County Behavorial Health Clinic is directly across the streets. This acreage is centrally located in the Community Redevelopment zone, just south of Two Bunch Palms Trail, one of the busiest intersections in the city. With elevated views of the Coachella Valley and thousands of acres of gorgeous mountain preserves, Desert Hot Springs is just minutes from an International Airport, golf, shopping, renowned restaurants, major sporting events and more. The City is built over one of the world's finest mineral water aquifers, resulting in world-class, naturally occurring hot mineral waters. Visitors come to calm and renew in polished marble resorts, retro-hip motels or ultra-exclusive celebrity retreats. Situated approximately five miles north of Interstate 10, the city is on the direct route between Los Angeles and Phoenix, and is approximately a 2 hour drive to Los Angeles and San Diego.

  • October, 2017

  • Oct 29, 2017

    Date

    Expired

    CRMLS: 217019448DA

    $250,000

    Price

  • Jul 14, 2017

    Date

    Active

    CRMLS: 217019448DA

    $250,000

    Price

  • Listing provided courtesy of CRMLS

    Vacant commercial land just off the freeway with frontage on Palm Dr. Agent and Seller have no knowledge of precise boundaries. Buyer can verify zoning and utilities with County.

  • March, 2017

  • Mar 11, 2017

    Date

    Expired

    CRMLS: 216008786DA

    $2,125,000

    Price

  • Mar 31, 2016

    Date

    Price Change

    CRMLS: 216008786DA

    $2,125,000

    Price

  • Listing provided courtesy of CRMLS

    Palm Drive commercial land next to K-Mart Shopping Center. The newer Riverside County Behavorial Health Clinic is directly across the streets. This acreage is centrally located in the Community Redevelopment zone, just south of Two Bunch Palms Trail, one of the busiest intersections in the city. With elevated views of the Coachella Valley and thousands of acres of gorgeous mountain preserves, Desert Hot Springs is just minutes from an International Airport, golf, shopping, renowned restaurants, major sporting events and more. The City is built over one of the world's finest mineral water aquifers, resulting in world-class, naturally occurring hot mineral waters. Visitors come to calm and renew in polished marble resorts, retro-hip motels or ultra-exclusive celebrity retreats. Situated approximately five miles north of Interstate 10, the city is on the direct route between Los Angeles and Phoenix, and is approximately a 2 hour drive to Los Angeles and San Diego.

  • March, 2017

  • Mar 10, 2017

    Date

    Expired

    CRMLS: 16160792

    $6,999,000

    Price

  • Dec 9, 2016

    Date

    Price Change

    CRMLS: 16160792

    $6,999,000

    Price

  • Sep 10, 2016

    Date

    Price Change

    CRMLS: 16160792

    $7,900,000

    Price

  • Listing provided courtesy of CRMLS

    HUD SENIOR SOLAR TAX CREDITS IF BUILT AS SENIOR APARTMENTS. *****PRICED TO SELL! $6,999,000 WITH ALL STUDIES or $6,499,000 LAND ONLY.***** SHOVEL READY 2017 - SELLER to update all reports and plans and reassign to Buyer. Previously approved for: 27 two story apartment buildings (8 units each) 15 three story buildings (12 units each) 2 managers/owners residence, recreation villas. APN: 656-030-005 10 acres, 656-030-O06 5 acres, 656-O-030-O-007-5 acres, 656-030-008 5 acres, Total: 25 acres Existing Zoning: High Dense (0-14 per acre) Land Use Designation (General Plan): Med Dense (8-14 per acre) Zoning allows for a potential 350 low income apartments or 437 senior units. The project was approved for an increase of land usage due the City offering a 30% increase of density for senior living and an additional bonus for Low Income Housing. Additional incentives for other types of housing. Offering of Memorandum upon request.

  • September, 2015

  • Sep 4, 2015

    Date

    Price Change

    CRMLS: 15938663PS

    $90,000

    Price

  • Listing provided courtesy of CRMLS

    This is Big Sky country. Terrific ranch property near another developed ranch. Note nearby two story house and corral north of I 10. This five acre parcel is just to the east. Owner says SELL and will finance a qualified buyer. Bring all offers. Call Agent for more info.

  • July, 2015

  • Jul 16, 2015

    Date

    Price Change

    CRMLS: 215020310DA

    $16,000

    Price

  • Listing provided courtesy of CRMLS

    Affordable Residential Vacant Lot, North of Mission Lakes Blvd, in a Desirable Area w/Views. Public Utilities Readily Available; Gas, Water, Sewer, Electricity, Telephone, 100% usable Flat Lot, Ready to Build w/ a Block Wall on South and East Side of Property. Take Palm Dr past Mission Lakes Blvd, lot is located approximately 1/3mile North of Mission Lakes Blvd. on the Right. Look for Sign.

  • December, 2012

  • Dec 21, 2012

    Date

    Price Change

    CRMLS: 12637569PS

    $11,000

    Price

  • Listing provided courtesy of CRMLS

    Residential Lot in an area with residential homes. Public Utilities available include: , gas, water, sewer. Motivated Seller....make it YOURS today. Directions: Take Palm Drive past Mission Lakes Blvd., lot is located approximately 1/2 mile North of Mission Lakes Blvd. on the left side of the street directly across from 9486 Palm.

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Tax History for 0 Palm Dr

Recent tax history for this property
Year Land Value Improved Value Assessed Value
The tax history for this property will expand as we gather information for this property.

Home Value Compared to the Market

This property vs the competition

0 Palm Dr is listed 1266.74% higher than the median list price for the city of Desert Hot Springs which has a median list price of $439,000.

About 0 Palm Dr

Detailed summary of property

0 Palm Dr is a land located in Desert Hot Springs, CA 92240 and is currently for sale. This land offers -- bedrooms, -- bathrooms, roughly -- living square feet, and sits on an approximately 1,089,000 square foot lot. 0 Palm Dr was first listed on ArdentRealEstateGroup.com on March 5, 2024. The homeowner is currently asking $6,000,000 and was originally asking $9,000,000. The median priced home in Desert Hot Springs is $439,000 with a median price per square foot of $272. Based on Ardent Real Estate Group's Desert Hot Springs Market Data, this home is listed 1266.74% higher than the median priced home. Local competing homes currently for sale include 4156-4651 Liberty Vista, 4186 Riverside Dr and 1477 Cerritos. While the average home in Desert Hot Springs, CA is selling in 117 days, 0 Palm Dr has a days on market of 87 days. There are currently 231 homes for sale in the Desert Hot Springs real estate market and 216 of them are single family homes while 14 of them are condos and 1 are townhomes. For more information on this home for sale at 0 Palm Dr Desert Hot Springs, CA 92240 contact Ardent Real Estate Group and we will put you in touch with one of our Desert Hot Springs agents.

Public Facts for 0 Palm Dr

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
--
Stories
--
Type
--
Pool
--
Spa
--
County
--
Lot#
--
APN
--

The source for these homes facts are from public records.

92240 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$425,000
Median List Price/Sq.Ft.
$266
Median Sold Price
$420,000
Median Sold Price/Sq.Ft.
$252
Total Inventory
206
Median Sale to List Price %
98.82%
Avg Days on Market
62
Loan Type
Conventional (37.14%), FHA (22.86%), VA (5.71%), Cash (5.71%), Other (22.86%)

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Desert Hot Springs Agent
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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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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