Site is located on Peterson Road and Mirage Cove Drive (off Hwy 111), in the city of Rancho Mirage, CA.
- Property Overview: “Peterson Ranch” is a rare sizable 20 Acre prime vacant land property located in the affluent area of South Rancho Mirage with close westerly views of the San Jacinto Mountain Range. The property is one of the last infill vacant land holdings remaining in the southern area of Rancho Mirage. This particular submarket generally appeals to weekend desert dwellers, 2nd home buyers, well-established local residents, and equestrian horse owners from all over the globe. The site plan that was previously proposed for Peterson Ranch consisted of 17 one-acre luxury estate lots, with an equestrian trail and stable. It is anticipated the developer/builder for Peterson Ranch will process a sub division map that reflects the highest and best use of the property. The subject property utilizes convenient access from Hwy. 111, is near the Ritz Carlton, and is not far from several new home luxury projects selling from $1M-$3M.