$12,500,000

0 Palm Drive

Desert Hot Springs CA, 92240

Description

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.

Details

MLS#20568248
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site242

Features

ZoningRM
Acreage25.00
Property ViewYes

Market Activity 92240

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Area Information
StateCA
CountyRiverside
CityDesert Hot Springs
Zip Code92240
Area340 - Desert Hot Springs
Listing VS Median (in 92240)
Price:
$12,500,000
low | high
Med:
$202,250
100% of Average
On Site:
242
low | high
Med:
202.500000
100% of Average
Listing Updated: November 29, 2020 12:00:58 AM PST
Alizabeth James LogoMLS Number: 20568248
Listing Provided By:
Alizabeth James  of  United Real Estate Los Angeles
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.