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Gateway Drive - 384 Approved Multi-Family Units 17 Ac "Vesta" 17.4 Acres of Residential Land in Palm Desert, CA 92211



Investment Highlights
- APPROVED MULTI-FAMILY PROJECT IN PALM DESERT PRIME LOCATION
- GRADING PLANS IN FINAL PLAN CHECK | NO LOW-INCOME/AFFORDABLE UNITS REQUIRED (RARE)
- NEAR RANCHO MIRAGE, DISNEY PROJECT, & SHOPPING/AMENITIES
Executive Summary
“VESTA” consists of 384 entitled and approved residential multi-family apartment units (with grading plans in final plan check) on 17.44 prime acres in Palm Desert, CA. This well-planned project consists of studios, 1 bedroom, 2 bedroom, and 3 bedroom units, with sizes ranging from 599 to 1,486 sq. ft. Project amenities include a sophisticated clubhouse, resort style pool, state of the art gym, yoga studio, pickleball courts, two separate parks, and a dog park. This property consists of a rare infill location in the midst of extensive retail, shopping, dining, golf clubs and is easily accessible to I-10. This new residential community is also located near the new “Cotino Disney” project with a 24-acre Crystal Lagoon within the affluent city of Rancho Mirage. “Vesta" is one of the only approved residential development opportunities in the city and area with no requirement for affordable/low-income units, which is increasingly rare and will provide much needed rental housing for the Coachella Valley.
Property Facts
| Sale Type | Investment or Owner User | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 17.40 AC |
| Property Type | Land |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 17.40 AC |
1 Lot Available
Lot
| Lot Size | 17.40 AC |
| Lot Size | 17.40 AC |
1 1
Property Taxes
| Parcel Numbers | Improvements Assessment | $24,352,883 | |
| Land Assessment | $9,196,625 | Total Assessment | $33,549,508 |
Property Taxes
Parcel Numbers
Land Assessment
$9,196,625
Improvements Assessment
$24,352,883
Total Assessment
$33,549,508
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Gateway Drive - 384 Approved Multi-Family Units 17 Ac "Vesta"
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