0 Palm Drive, Desert Hot Springs, CA, 92240

5acres

1031 Exchange Opportunity: 25-Acre Turnkey Multifamily Site! Located in The Spa City, Desert Hot Springs, Coachella Valley $5M ($23/SF) Shovel-ready in 6 months =/-. Fully entitled for 402-unit luxury gated condo community. 20-year development agreement. New Market Tax Credit (NMTC) zone. Why this is gold for 1031 buyers: All heavy lifting done: Phase 1 environmental, CEQA MND, hydrology, cultural/paleo studies, biological surveys, acoustical reports, tentative tract map, CUP site plan, full conceptual design (elevations, unit plans, carports, amenities, landscape, image board, parking/photometrics). Developer-friendly city cooperative planning & building dept. Steps to shopping, everyday conveniences. Turnkey perks: in-house broker for pre-sales, lender, HOA attorney, full consultant team. Just bring your GC. Long runway: 20 years to build perfect for phased or hold strategy. True de-risked gem seller invested deep. Full due diligence package available. Buyer to verify 1031 eligibility and conduct own due diligence. Contact exclusive agent today let's lock this in before it vanishes.

Listing agent:

Alizabeth James

License #01945214

Realty Source Incorporated

0 Palm Drive is a Land property located in Desert Hot Springs, California, featuring a 5 acre lot, MLS #26662423.

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Data last modified: 2026-03-17 22:33:09