Site is located at Monroe Street & 61st Avenue, in the city of La Quinta, CA.
94 Single Family Lots | 30.32 Acres
- Property Overview: “Monroe Ninety-Four” is an approved gated stand-alone project with excellent views of the Santa Rosa Mountains in La Quinta, California. The project is approved for 94 Tentative Tract Map lots and lies directly adjacent to the recently sold-out 1,238 unit Shea Homes Active Adult Trilogy at La Quinta community. This new development with an age-restricted optional overlay, will help fill an undersupplied niche in the Coachella Valley market which is known for its retirees and 2nd-home buyer pool. The property could potentially also be amended into a hospitality focused development with short-term rental potential (Buyer to Verify), which could benefit tremendously from the nearby Coachella Music Festivals (with 125,000 attendees, for 3 weeks a year), and BNP Paribas Open annual international professional tennis tournament (over 450,000 attendees in 2019), and the vacationers coming for all the other year round amenities available in the area. There could also be potential membership discounts available with the adjacent Golf Club at La Quinta.