Verano
Cathedral City, CA 92234
Verano Masterplan · Land For Sale
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138.00 AC
Investment Highlights
- TOP-SELLING MASTERPLAN IN SOUTHERN CALIFORNIA (13± SALES/MONTH) & RARE ENTRY-LEVEL HOME PRICE OPPORTUNITY ($300K’S - $500K’S)
- DESIRABLE LOCATION NEARLY ADJACENT TO PALM SPRINGS WITHIN EASILY ACCESSIBLE WEST COACHELLA VALLEY
- PARTIALLY COMPLETED MASTERPLAN DEVELOPMENT WITH CLUBHOUSE AND PARK AMENITIES ALREADY BUILT
Property Facts
| Property Type | Land | Proposed Use | Single Family Development |
| Property Subtype | Residential | Total Lot Size | 138.00 AC |
| Zoning | CPS | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Single Family Development |
| Total Lot Size | 138.00 AC |
| Zoning | CPS |
Description
THE VERANO MASTERPLAN Cathedral City (near Palm Springs) is the desert’s newest and very rare budget-conscience community for first time homebuyers, year-round locals, and second home residents in Coachella Valley. With masterplan infrastructure already substantially completed, this master-planned community would be considered the best- located FHA mortgage price-band option available this market cycle. Verano will attract home buyers who desire a quicker inland or coastal commute, and more convenient access to amenities in the West Valley including shopping, dining, resorts, casinos, spas, and the Palm Springs International Airport. CATHEDRAL CITY is located between Palm Springs and Rancho Mirage, and is the second largest city in the Coachella Valley with a population of over 52,000 people. The Coachella Valley residential market has been resilient through the pandemic, and future growth could be captured by entitling and acquiring one of the only and best new masterplan opportunities in the Coachella Valley.
Property Taxes
| Parcel Numbers | Improvements Assessment | $8,323 | |
| Land Assessment | $18,496,226 | Total Assessment | $18,504,549 |
Property Taxes
