Site is located on Highway 111, West of Bank Side Drive, in Cathedral City, CA.
15.39 Acres | Previously entitled for 107 Single Family lots. New conceptual plans for 102± Single Family or 160± MF.
- Property Overview: “NIRVANA VILLAS @ CATHEDRAL CANYON” is a previous approved development for 107 single family homes, and is now conceptually proposed as 102± single family residential homes, or 160± multifamily, senior, assisted living, mobile home park, or hospitality units. The development is suggested to be privately-gated, and is within the desirable southern Cathedral City area just south of Hwy. 111/East Palm Canyon Drive (the most traveled arterial in the valley), and is located near record-breaking projects such as “The District” with home prices from $550k to $800k ($300-$340/sq. ft.) with modern architecture popular with the Palm Springs buyer. The property also connects to scenic bike & hiking trails. The Nirvana project will cover 15.39 acres, which backs up to the base of the San Jacinto Mountains and offers spectacular views of the surrounding desert. The subject property is walkable to Downtown Cathedral City, and is less than one mile from the City limits of Palm Springs. The subject property is also within a Qualified Opportunity Zone (QOZ), which can potentially provide additional significant tax benefits to the new ownership. It is rare to find a property with a superior location like this designated within a QOZ. The city of Cathedral City is the second largest city in the Coachella Valley with a population of over 52,000 people. The city includes amenities such as the Cimarron Golf Course, Desert Princess Golf Resort, IMAX/Mary Pickford Theatre, Town Square on Hwy. 111, and the Big League Dreams Sports Park.