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71777 Frank Sinatra Dr 104.4 Acres of Commercial Land Offered at $24,000,000 in Rancho Mirage, CA 92270
Investment Highlights
- Fully entitled Planned for 79 Beds with additional expansion potential.
- Existing golf course and resort-oriented infrastructure on site.
Executive Summary
The sale includes a premier golf course resort property with a significant covered land development component. The property features an approximately 17.2-acre development site that is fully entitled for 79 beds as part of a residential resort/Hotel, with expectations for approval of up to 108 units if pursued by buyer. The development agreement with the City of Rancho Mirage extends through 2038, providing long-term entitlement certainty and future value-add potential. Planned improvements include boutique hotel residences, resort amenities, event facilities, spa and restaurant components, replacing the existing driving range while incorporating a new state-of-the-art golf practice area with 16 Trackman simulator bays. The transaction presents a unique opportunity to acquire an existing hospitality and golf asset while capitalizing on a shovel-ready entitled development project in the Coachella Valley.
Property Facts
1 Lot Available
Lot
| Price | $24,000,000 | Lot Size | 104.40 AC |
| Price Per AC | $229,885.06 |
| Price | $24,000,000 |
| Price Per AC | $229,885.06 |
| Lot Size | 104.40 AC |
Fairly walkable
40/100
Very drivable
80/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $23,811 | |
| Land Assessment | $1,374,687 | Total Assessment | $1,398,498 |
Property Taxes
Parcel Numbers
Land Assessment
$1,374,687
Improvements Assessment
$23,811
Total Assessment
$1,398,498
Contacts
-
Kurt Yacko -
Dennis Sandoval -
James Crowell -
Kenneth Hulbert -
DAUM Commercial Real Estate Services
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