Site is convenient location right off of Palm Drive headed into Downtown Desert Hot Springs, CA.
Expired TTM for 113 Lots on 17.65 Acres | Proposed 100± Single Family Lots
- Property Overview: AVENTURA PALMS (PHASE II) offers a convenient location right off of Palm Drive headed into Downtown Desert Hot Springs, with an Expired Tentative Tract Map (No. 31744) for 113 single family residential lots with an average lot size of ±4,000 sf, and the rare opportunity to start high-demand home pricing in the $300k’s. The subject property consists of 17.65 Acres of Residential Zoned land with a suggested re-entitlement of ±t100 lots. The adjacent Aventura Palms Phase I property owned be a separate entity and Seller may also be available consisting of 29 finished lots and 10 proposed lots.
The Aventura Palms neighborhood provides a short driving distance to shopping, restaurants, spas and golf. This new development will capitalize on the huge recent pandemic demand surge to suburban entry-level markets like Desert Hot Springs with ample outdoor recreation activities, which has led to record breaking year over year 24.1% home price appreciation, and only 1.2 months of home supply with little new inventory expected on the horizon. Desert Hot Springs includes some of the best elevated mountain views in the valley, and because of the recently booming cannabis industry in the City, it has also become one of the highest fiscally-rated cities in California. The city of Desert Hot Springs (a.k.a. the “Spa” City, because it is built over one of the world’s finest natural hot mineral water aquifers), has a population of over 28,000 people and includes amenities such as the Mission Lakes Golf Course, Health & Wellness Center, Boy’s & Girls Club, Two Bunch Palms Resort, and Desert Hot Springs Spa Hotel.