Site is located on Monroe Street in the city of La Quinta, CA.
34 Approved SFR Lots | 8,316 min sf. lot sizes | 12.25 Acres
- Property Overview: THE SADDLE RANCHoffers a prime central location in affluent La Quinta with a rare approved Tentative Trat Map No. 36561 consisting of 34 single family lots with spacious lot sizes ranging from 8,316 to 12,580 sf. This 12.25 acre luxury new private enclave neighborhood provides exclusivity and is also a short driving distance (via car or golf car) to great shopping, restaurants off Hwy. 111, and golf. This new development will capitalize on the huge recent pandemic demand surge to suburban and second-home markets like La Quinta with ample outdoor recreation activities, which has led to record breaking year over year 29.5% home price appreciation, and less than 1 month of home supply with little new inventory expected on the horizon. Additionally several huge attractions are located nearby including both PGA West which boasts 6 golf courses, and the SilverRock Resort and golf course with the Montage & Pendry hotels under construction there and set to open in 2022. Also, not far, is the Coachella & Stagecoach Festivals at the Polo Grounds. La Quinta is known as one of the most beautiful cities in the Coachella Valley (a.k.a the Gem of the Desert) adjacent to the pristine Santa Rosa mountain range, and is home to nearly 30 golf courses, with an impressive average household income of $126,444.