Equestrian Development Opportunity

Vacant Land for Sale
Distressed
Catylist Listing ID: 29994547
Property Subtypes: Residential (Single Family)
Gross Land Area: 40 Acres
Sale Price: $1,500,000
Unit Price: $37,500 Per Acre
Sale Terms: Cash to Seller, Purchase Money Mortgage, Owner Financing, Other
Cap Rate: Undisclosed
Short Sale/Bank-Owned: Yes
Last Updated: 9/11/2018

Overview / Comments

Motivated Seller will view all reasonable offers for this 40 acre low-density subdivision with a Final Map which is perfect for an Equestrian Estate development. There are eight 5 acre view parcels on a paved cup-de-sac road. Located just minutes from the Interstate 10 and Monterey Ave., these lots offer expansive, unobstructed views of the Coachella Valley and the San Jacinto Mountains. To the north and east are trails leading to the hills and the Thousand Palms Oasis. CC&Rs are in place with a minimum of 2500 sq.ft. for homes and no more than a 2 acre pad to build on. There is white ranch fencing with rock pillars around the perimeter which was damaged in a rain storm a couple years ago. Cable and electric have been under grounded and have suffered some vandalism. Transformers are at So. Calif. Edison. 1/2 acre is dedicated to CVWD for a well. The seller is willing to carry and subordinate the land with the right terms and equal risk. Send in your offer for this great opportunity.

Additional Details

Nearest MSA: Riverside-San Bernardino-Ontario
County: Riverside
Tax ID/APN: 651-250-001
Zoning: RESIDENTIAL
Property Located Between: TG 788-J-1 Between Monterey and Shadow Mountain
Property Visibility: Excellent
Largest Nearby Street: Ramon Road
Highway Access: Short drive to Interstate 10
Airports: Palm Springs International
Zoning Description: Rural Residential
Part of Planned Development?: Yes
Development Name: Hidden Springs Estates
In Flood Plain?: Yes
Available Utilities: Electric, Water, Cable

View FullscreenMap

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 13,042 51,600
Median Age: 50.46 53.91
Households: 5,607 24,301

Contact

Photograph of Listing Agent

Robin DuFault

Bennion Deville DACIE Member

Sponsoring Organization

© Copyright 2001-2018 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Desert Area Commercial Information Exchange nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.