Site is located in the Skyborne Master-Planned Community, in the city of Desert Hot Springs, CA.
1,445 – 1,460 Approved Lots (All or Part)
- Property Overview: SKYBORNE is a 2,140-unit 608-acre, fully entitled master-planned community located in the western area of the city of Desert Hot Springs, California, near Hwy. 62, only minutes away from Palm Springs, and is within a short distance to the submarkets of Beaumont and Banning. The community was started with 178 previously sold homes last market cycle by DR Horton. Lennar recently opened in Q3-2021 with Village 2 consisting of 187 lots, selling 10-15 homes per month. The subject offering includes all or part of Villages 4 – 9 as noted in the map exhibit. Distinguished by a high-end amenity base and existing infrastructure, Skyborne offers an established community feel and is the only master plan with finished lots available in the western portion of Coachella Valley. This location is also part of a rapidly growing new home market which has benefited from a robust job growth rate that is among the highest in the state of California. Skyborne offers one of the only opportunities in the region to deliver affordable new homes within a highly amenitized master plan setting. Skyborne is well-positioned to meet the growing demand from working households and mature households seeking affordable ownership opportunities given its close proximity to the Los Angeles MSA. Additionally, the projected home prices all fall within the FHA financing limit, while the city of Desert Hot Springs also qualifies for zero down USDA new home financing. Located just 10 miles from Palm Springs and only 5 miles to Interstate 10, the Property is easily accessible to abundant services, jobs and entertainment throughout Palm Springs and the rest of the Coachella Valley, as well as major employment centers in Riverside, San Bernardino, and Los Angeles.