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Mission Lakes - Sunset Ridge | 160 Acres | 499 Lots SP 160 Acres of Residential Land in Desert Hot Springs, CA 92240
Investment Highlights
- FOR-SALE HOMES OR BUILD-FOR-RENT DEVELOPMENT OPPORTUNITY | APPROVED SPECIFIC PLAN | ADJACENT TO ACTIVE MASTERPLAN
- COMPARABLE HOME PROJECTS IN CITY SELLING QUICKLY ($400K’S - $500K’S+) | WITHIN FHA PRICE BAND
- CITY OF DESERT HOT SPRINGS - FASTEST GROWING CITY IN COACHELLA VALLEY
Executive Summary
AVAILABLE FOR SALE OR LONG-TERM LAND LEASE
Executive Summary:
SUNSET RIDGE offers a rare approved Specific Plan on approximately 160 Acres located within the City of Desert Hot Springs within minutes of Downtown Palm Springs. The previous Tentative Tract Map was approved for 5,500 to 16,000 sq. ft. lots, however, the zoning allows up to 5DU/acre which could yield as many as 800± potential units (Buyer to Verify). This opportunity is ideal for a build-for-rent developer, homebuilder, or savvy investor interested in a rare land-banking opportunity to acquire one of the largest developable parcels in the entire Coachella Valley. With panoramic views and close proximity to both downtown Palm Springs and the I-10 freeway, significant home price premiums or rents are expected.
Opportunity Highlights:
- 160 Acres
- "Sunset Ridge Specific Plan” is approved and valid, with zoning for up to 800± potential lots (5 dwelling units per acre)
- Expired Tentative Tract Map for 499 homes, ranging in size from 5,500 square feet to 16,000 square feet
- All necessary reports available for review for the above current and previous approvals
- Sunset Ridge is officially recognized by the City of Desert Hot Springs in its 2021-2029 Housing Element (p. D-8) in connection with its state-mandated housing quotas, potentially reducing any political or entitlement risks
- Immediately adjacent to Skyborne, a massive residential community with actively-selling homebuilder (Lennar)
- Approximately a 15-minute drive to downtown Palm Springs
- Approximately a 5-minute drive to I-10 Freeway
- The property is on a paved road with all utilities (Buyer to Verify), and a recently-built fire station in place
- Breathtaking panoramic views
- Last appraised (in 2005) for $27,500,000
- Long-term ground lease allows a developer or investor to acquire a trophy residentially-zoned property for a minimal initial cash outlay
- Owner wants to close by end of year, and will look at all offers
Executive Summary:
SUNSET RIDGE offers a rare approved Specific Plan on approximately 160 Acres located within the City of Desert Hot Springs within minutes of Downtown Palm Springs. The previous Tentative Tract Map was approved for 5,500 to 16,000 sq. ft. lots, however, the zoning allows up to 5DU/acre which could yield as many as 800± potential units (Buyer to Verify). This opportunity is ideal for a build-for-rent developer, homebuilder, or savvy investor interested in a rare land-banking opportunity to acquire one of the largest developable parcels in the entire Coachella Valley. With panoramic views and close proximity to both downtown Palm Springs and the I-10 freeway, significant home price premiums or rents are expected.
Opportunity Highlights:
- 160 Acres
- "Sunset Ridge Specific Plan” is approved and valid, with zoning for up to 800± potential lots (5 dwelling units per acre)
- Expired Tentative Tract Map for 499 homes, ranging in size from 5,500 square feet to 16,000 square feet
- All necessary reports available for review for the above current and previous approvals
- Sunset Ridge is officially recognized by the City of Desert Hot Springs in its 2021-2029 Housing Element (p. D-8) in connection with its state-mandated housing quotas, potentially reducing any political or entitlement risks
- Immediately adjacent to Skyborne, a massive residential community with actively-selling homebuilder (Lennar)
- Approximately a 15-minute drive to downtown Palm Springs
- Approximately a 5-minute drive to I-10 Freeway
- The property is on a paved road with all utilities (Buyer to Verify), and a recently-built fire station in place
- Breathtaking panoramic views
- Last appraised (in 2005) for $27,500,000
- Long-term ground lease allows a developer or investor to acquire a trophy residentially-zoned property for a minimal initial cash outlay
- Owner wants to close by end of year, and will look at all offers
Property Facts
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Proposed Use | Single Family Residence |
| Property Type | Land | Total Lot Size | 160.00 AC |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Single Family Residence |
| Total Lot Size | 160.00 AC |
1 Lot Available
Lot
| Lot Size | 160.00 AC |
| Lot Size | 160.00 AC |
AVAILABLE FOR SALE OR LONG-TERM LAND LEASE 160 Residential Acres "Sunset Ridge Specific Plan” is approved and valid, with zoning for up to 800± potential lots (5 dwelling units per acre). Expired Tentative Tract Map for 499 homes.
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 664-020-001 | Improvements Assessment | $0 |
| Land Assessment | $474,093 | Total Assessment | $474,093 |
Property Taxes
Parcel Number
664-020-001
Land Assessment
$474,093
Improvements Assessment
$0
Total Assessment
$474,093
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Mission Lakes - Sunset Ridge | 160 Acres | 499 Lots SP
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