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Ramon Rd - Mountain View Estates - Palm Springs

26.7 Acres of Residential Land Offered at $10,000,000 in Cathedral City, CA 92234

Investment Highlights

  • Fully Entitled Land Site for 220 Planned Residences
  • 47% Discount to Homeownership
  • 5-Minute Drive to Top Schools in the Coachella Valley
  • 8.24 Dwelling Units Per Acre
  • 27%+ Rent Growth in the Coachella Valley over the last 10 years

Executive Summary

WDIS, Inc. has been exclusively engaged to sell Mountain View Estates (the "Property"), offering a unique opportunity to acquire a low-density, fully entitled community of 220 planned residences in the rapidly growing city of Palm Springs, known for its top-rated schools in the Coachella Valley. The project includes plans for 220 residences, featuring 3- and 4-bedroom, 2,200 SF "Main Residences" paired with 2-bedroom, 1,000 SF Accessory Dwelling Units (ADUs). The site offers flexibility for either a Built-to-Rent (BTR) or for-sale housing model, catering to the growing demand for quality living in the region. The development is fully entitled with an approved Planned Unit Development and tentative tract map. Phase 1's final map is ready to record, and Phase 2 improvement plans are currently under review, with approval expected by March 2025. Construction documents are in CD status and are anticipated to be approved for permitting by the same timeframe.

Property Facts

Price $10,000,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 26.70 AC

1 Lot Available

Lot

Price $10,000,000
Price Per AC $374,532
Lot Size 26.70 AC

-Intersection: NW Corner of Ramon Road and Campanile Way -Land Size: 26.7 Acres -Dwelling Unit Count: 220 -Lot Count: 110 -Entitlements: Fully Entitled

Description

A fully entitled community of 220 planned residences in the rapidly growing city of Palm Springs, renowned for its top-rated schools in the Coachella Valley. This development offers flexibility to be built as either a “Build-to-Rent” (BTR) model or as for-sale housing, meeting the increasing demand for high-quality living spaces. Each home features a primary “Main Residence” with spacious 3- and 4-bedroom floor plans, each approximately 2,200 square feet.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 670-130-004
  • 670-130-005
  • 670-130-014
  • 670-130-015
Land Assessment
$3,162,000
Improvements Assessment
$0
Total Assessment
$3,162,000

zoning

Zoning Code R-1 (Single Family Residential)
R-1 (Single Family Residential)
  • Listing ID: 33926939

  • Date on Market: 11/19/2024

  • Last Updated:

  • Address: Ramon Rd, Cathedral City, CA 92234

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