8.4 Fee Simple Acres. Up to 30DU/Acre (70 – 250 Units)
1450 Baristo Road (NEC of Baristo Rd. & S. Hermosa Drive, just west of S. Sunrise Way). Near Downtown Palm Springs Shopping, Restaurants & Amenities; O’Donnell Golf Club, Kimpton Hotel (6-story, under construction), Hard Rock Hotel
- Description: The City of Palm Springs has recently become one of the strongest performing sub-markets in the Inland Empire with regards to home buyer demand, new home price appreciation, and record setting price per square foot numbers. “Baristo & Hermosa” represents the largest available fee land properties this close to the downtown strip in supply constrained Palm Springs. The subject property is surrounded primarily by land owned by the Agua Caliente Indian Tribe (leased land opportunities only) within the Section 14 Specific Plan – any remaining fee land parcels like this are extremely rare and highly desirable. “Baristo & Hermosa” is situated in an irreplaceable location near a main arterial road (Sunrise Way) and just east of the San Jacinto Mountains with spectacular views. This prime entitlement & development opportunity can be positioned to accommodate the needs of several buyer profiles, including alternative lifestyle, retirees, vacation home owners, and local year-round residents. Uses for the property could potentially include high or medium density residential (condominiums, small-lot detached product, or apartments), resort hotel, or senior/assisted living.
*Buyer to verify use potential. Offering Guidelines Subject to Change.
DO NOT CONTACT CITY ABOUT SUBJECT PROPERTY UNTIL PERMISSION IS GRANTED.