Site is located on Hopewell Avenue, in the city of Bermuda Dunes, CA.
18 Approved Detached Homes on 3.7 Acres
- Property Overview: EIGHTEEN @ HOPEWELL offers a rare prime central location in the un-incorporated but very well-known infill area of Bermuda Dunes, which is adjacent to the cities of La Quinta, Palm Desert, and Indio. This rare approved project Tentative Trat Map No. 37735 and Plot Plan 210006 consists of 18 single family detached homes on a condominium map with proposed home sizes proposed of 1,742, 1,860, & 2,058 sq. ft. and popular modern home architecture for the desert. This 3.7-acre infill enclave neighborhood is a short driving distance to great shopping, restaurants, and golf (the 36-hole Bermuda Dunes Country Club is nearly adjacent). This new development will capitalize on the huge recent post-pandemic demand surge to suburban and second-home markets in the Coachella Valley with ample outdoor recreation activities, which has led to record breaking year over year 24% avg. home price appreciation, and well less than 1 month of home supply, with little new inventory expected on the horizon. Additionally several huge attractions are located nearby including the new 10,000 seat “Coachella Valley Arena” under construction in Palm Desert which will host minor league hockey games and concerts. Also, PGA West in the City of La Quinta is located in the vicinity which boasts 6 golf courses, along with the SilverRock Resort and golf course and the Montage & Pendry hotels which are under construction and set to open in 2022. Also, not far, is the Coachella & Stagecoach Festivals at the Polo Grounds. This project could also potentially run a lucrative short-term rental vacation business plan as un-incorporated areas like this tend to have less restrictions on this use (Buyer to Verity).