15.47 Ac Hot Mineral Water

Vacant Land for Sale
Catylist Listing ID: 30453600
Property Subtypes: Hospitality, Vacation/Resort
Gross Land Area: 15.47 Acres
Sale Price: $1,250,000
Unit Price: $80,801 Per Acre
In Opportunity Zone? Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/27/2019

Overview / Comments

● Ideal location for an exclusive health and wellness spa resort
● Miracle Hills Gateway is a proposed resort hotel with 130 townhome villas
● Located across from Tuscan Hills, a proposed 554 ac Master Plan Resort & Residential Community
● Overlooking the City of Desert Hot Springs with panoramic views of the Coachella Valley

The property is located in the historic spa zone in Desert Hot Springs – just 20 miles from Downtown Palm Springs and an easy 2 hour drive from Los Angeles. Desert Hot Springs is internationally known for its natural healing hot water springs and also claims to be situated in a vortex that promotes health and wellness. With elevations from 1,160 to 1,200 feet, the property is an ideal location for an exclusive health and wellness spa resort. With the famous miracle water, unique desert ecosystem, spectacular panoramic mountain views and natural environment. Zoned Residential Visitor Serving and located within the business-friendly city, the development possibilities are endless.

Desert Hot Springs is one of nine cities in the Greater Palm Springs area known as the "Coachella Valley." The tourism industry continues to grow bringing over 13 million visitors each year in an area with more than 350 days of sunshine per year and the warmest winters in the western US. Roughly 125 golf courses blanket the area in a 30 mile stretch, making it one of the world's premier golf destination and is the most popular golf vacation destination in California. Hiking trails are abundant in the Coachella Valley with over 100 hikes in a 30 mile drive.

Additional Details

Nearest MSA: Riverside-San Bernardino-Ontario
County: Riverside
Tax ID/APN: 642-050-004,005
Zoning: V-S
Largest Nearby Street: Pierson Blvd
Area Description: The property is located on the north side of Desert View Ave., just west of Miracle Hill in the city of Desert Hot Springs.
Available Utilities: Electric
Water Service: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,380 34,145 40,979
Median Age: 30.71 32.4 35.04
Households: 2,364 11,294 14,225

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