Monroe St
La Quinta, CA 92253
110 AC. (400± LOTS OR GLAMPING) OPPORT. ZONE! · Land For Sale · 110.00 AC

"Monroe – La Quinta" is, one of the last sizeable vacant land properties within the city limits of La Quinta, with previous approvals of 392 Approved Lots on 110 Acres (including 11.8 Acres of Commercial) on Monroe Street & Ave. 60. This property represents one of the only potential masterplan scale projects with large enough land mass to encompass such in the city limits of La Quinta. The subject property is located immediately east of the actively selling “Andalusia” community with average home prices north of $1M. However the goal and opportunity at Monroe La Quinta is to offer more affordable product starting in the $400k’s/$500k's on 6,000 sq. ft. average lot sizes. The average new home project in La Quinta currently offers much higher home prices from $750k to over $1M, and there are currently no new home projects in the city with new home product priced on conventional lot sizes under the $500k’s. Starting $200k to 400k± under other new home projects in the area will dramatically open up the homebuyer pool for the area, increase home sales absorption, and provide desperately needed affordable product in the affluent city of La Quinta. An alternate site plan has been designed which will consist of 423 single family lots and a commercial corner. Opportunity 2 (Qualified Opportunity Zone): This is one of the only properties in the city limits of La Quinta within the Designated Qualified Opportunity Zone! This new and lucrative federal program allows investor/capital to mitigate capital gains taxes, which will add to your bottom line substantially, and provides a rare substantial tax shelter. Opportunity 3 (Near Music Festivals) "CAMP GLAMP": This is one of the few vacant properties within city limits with decent zoning near the world renowned Coachella Valley Music Festivals at the Polo Grounds) consisting of Coachella & Stagecoach which is now one of the largest event population draws in the world. Land near the music festival site has now become more valuable for interesting and alternate uses such as campgrounds, commercial, and hospitality developments that cater to the visitors for this and other year round events held nearby.