Site is located at N. Palm Canyon Drive & Hwy 111 & Tramway Rd., in the city of Palm Springs.
13.95 Prime Residential Acres
- Property Overview: Pedregal is one of the only fee-land & improved residential land development opportunities of this size in the city limits of Palm Springs. The subject property is located at the intersection of major arterial roads including N. Palm Canyon Drive/Hwy. 111 & Tramway Road which leads into downtown Palm Springs that is known for its variety of shopping, dining, resorts, hotels, casinos, and spas. The previously approved project was gated with two pools and no clubhouse. This prime residential project could potentially developed as For-Sale Homes, Build-For-Rent, or Multi-Family. Many of the units were oriented to maximize view corridors of the nearby San Jacinto Mountains.
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. Palm Springs has historically been known for its alternative lifestyle locals, coastal 2nd-home weekenders, seniors, international based snowbirds, however is now more known for its year-round residents and its strong local economy, and since the pandemic has been considered one of the top locations to move to in Southern California.