$ 872,102
0 Hacienda AVE Desert Hot Springs, CA 92240
Schedule a Tour
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 872,102
Est. payment /mo
Active
0 Hacienda AVE Desert Hot Springs, CA 92240
2.27 Acres Lot
UPDATED:
09/11/2024 07:26 PM
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 219038692
HOA Y/N No
Lot Size 2.270 Acres
Acres 2.27
Property Description
This a one of two adjacent primo 2.27 acres [4.54 acres total] frontage parcels; 668 ft. on the positive slope of the northside of Hacienda Ave and 303 ft. on Verbena Dr.; for a 270° Southwesterly view scape of Coachella Valley: San Jacinto Mountains and the entrance to the San Gorgonio Pass. Both parcels are zoned R-VS-H [Residential/Visitors-Service-High Density] Hot water spa, Hotel, or 14 Residential units] with 120-125° mineral springs at a depth of 300 ft., and utilities up to property. With a variance-of-use [petition City to amend General Plan] 56 to 60 townhomes on the two lots. Noting that a precedence has be set as the City Council granted Hacienda Hills development a variance of used to build 60 townhomes [completed 08/31/2009] within the 642-081-parcel block. Extra! Desert Hot Springs has been designated an Opportunity Zone [developers can defer or eliminate capital gain taxes up to 39% per million tax credit over 7 years], the California Business and Economic development Go-Biz initiative is offering income tax credit to business], and these parcels are in that opportunity zone. Albeit, this 4.54 acres is unmatched Economic Opportunity for an estute developer! As the city of Desert Hot Springs continues to grow in appeal, so does the property value of this one of the few remaining 4.54 acres parcels on the left on the positive (North) side of the Hacienda Avenue. That provides an unobstructed 180 degrees Southwestern view of Coachella Valley (overlooking the North Palm Spring, White Water, and the San Gorgonio Mountains and Mountain Pass). These 4.54 acres can support 60 luxury view condominiums. Additionally, if the two 2.27 acres south adjacent parcels are acquired (under separate ownership), the additional 4.54 Acres (total of 9.8 acres) would be 120 condominiums.
Location
State CA
County Riverside
Area 340 - Desert Hot Springs
Exterior
Utilities Available Electricity Available, Natural Gas Available
View Y/N true
View City Lights, Mountain(s), Panoramic
Private Pool No
Building
Sewer Unknown
Schools
Elementary Schools Cabot Yerxa
High Schools Desert Hot Springs
School District Palm Springs Unified
Others
Senior Community No
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
Listed by Desert Local Realty