Rare 18 to 20 high-end finished lots or private gated compound! Old las palmas estates is considered to be the best, (& only notable) multi-finished lot site in palm springs. This luxury gated mountainside project is less than mile from the downtown resort area of palm springs and is adjacent to the built out las palmas neighborhood which boasts the largest number of celebrity homes in palm springs. This well positioned project is expected to yield high-end homes ($2. 5m-$3m) with incredible adjacent mountain views. This exclusive property could also be utilized as a private gated compound for use of celebrities, vip guests, or high net worth families. The offering includes a previously built 9,150 sq. Ft. Estate home which could serve as the main residence, temporary sales/construction office, or clubhouse. (the existing home could be demolished to create 2 more lots). The property consists of 18 parcels and 13. 05 acres total (apn's: 505-370-001 thru 010, 015 thru 017, & 019 -023).
The vacancy rate of homes in 92262 is
29.21% with 38.99% of homes being owner-occupied. The median household income in 92262 is $49600 per year with those between 45 and 64 having the highest median income at $59844.