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Varner
Thousand Palms, CA 92276
73 EXPIRED RES. LOTS - MAJOR PRICE REDUCTION · Land For Sale
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44.00 AC
INVESTMENT HIGHLIGHTS
- 73 PREVIOUSLY APPROVED LOTS ON 41 ACRES
- ADJACENT TO GOLF COURSE | GREAT I-10 VISIBILITY/MARKETING WINDOW | ADJACENT TO PALM DESERT
EXECUTIVE SUMMARY
PROPERTY FACTS Under Contract
| Sale Type | Investment | Proposed Use | Single Family Residence |
| No. Lots | 1 | Total Lot Size | 44.00 AC |
| Property Type | Land | Cross Streets | Calle Tosca |
| Property Subtype | Residential |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Single Family Residence |
| Total Lot Size | 44.00 AC |
| Cross Streets | Calle Tosca |
1 LOT AVAILABLE
Lot
| Price | $499,000 | Lot Size | 44.00 AC |
| Price Per AC | $11,340.91 |
| Price | $499,000 |
| Price Per AC | $11,340.91 |
| Lot Size | 44.00 AC |
REO - MAJOR PRICE REDUCTION TO ONLY $499K! 73 PREVIOUSLY APPROVED RESIDENTIAL LOTS ON 41 ACRES JUST NORTH OF PALM DESERT CITY LIMITS NEAR NEW 10,000 SEAT ENTERTAINMENT & HOCKEY ARENA
DESCRIPTION
SHENANDOAH SPRINGS MASTERPLAN is an extension of the adjacent highly amenitized community of Tri-Palms Estates Country Club & Golf Course (27 holes) and WAS PREVIOUSLY approved for a 55+ age restricted project, which are consistently the best-selling developments in the desert today. The subject property also presents opportunity to attract move-up home buyers and retirees from the more mature Tri-Palms Estates (55+ as well) project consisting of 1,629 already built & sold homes. Most of the land is golf course adjacent and will command premiums. Shopping nearby at Desert Gateway retail center includes Wal-Mart, Sam’s Club, PetSmart, Kohl’s, Ashley Furniture, Payless Shoes, and Starbucks. The subject property is also near the Agua Caliente Resort & Casino. The nearby city of Palm Desert is located in the center of the Coachella Valley and spans from I-10 to south of Hwy. 111. The city is well known for its luxury shopping district known as “El Paseo,” multiple resorts and golf courses, and several college campuses. With a population of 50,417 and a lack of future lot supply, Palm Desert has growing demand from new homebuyers, especially from the under supplied lower price points in superior locations that the subject project could cater to.
PROPERTY TAXES
| Parcel Number | 694-060-032 | Improvements Assessment | $0 |
| Land Assessment | $1,137,747 | Total Assessment | $1,137,747 |
PROPERTY TAXES
