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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 represents unmatched Economic Opportunity for an astute developer!
Last Updated | 9/11/2024 | Tract | Not Applicable-1 |
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Community | Desert Hot Springs | County | Riverside |
Price History
Prior to Feb 17, '23 | $998,000 |
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Feb 17, '23 - Sep 15, '23 | $898,000 |
Sep 15, '23 - Sep 16, '23 | $998,000 |
Sep 16, '23 - Sep 26, '23 | $898,000 |
Sep 26, '23 - Dec 11, '23 | $998,000 |
Dec 11, '23 - Aug 29, '24 | $889,900 |
Aug 29, '24 - Sep 11, '24 | $845,405 |
Sep 11, '24 - Today | $872,102 |
Additional Details
AREA | Desert Hot Springs |
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LOT | 2.27 acre(s) |
LOT DIMENSIONS | 332' x 303' x 303' x 331' |
SEWER | Unknown |
SUBDIVISION | Not Applicable-1 |
UTILITIES | Electricity Available,Natural Gas Available,Sewer Available |
VIEW | Yes |
VIEW DESCRIPTION | City Lights,Mountain(s),Panoramic |
ZONING | 1TT9FEEJ3YTV |
Location
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