Location:
Site is located at
Size:
82 single family homes [plus potential additional 79 ADU’s (or Casitas) which would equate to 161 total units]*
- Property Overview: TESORO offers a rare approved Tentative Tract Map with Final Map near approval for 82 single family homes [plus potential additional 79 ADU’s (or Casitas) which would equate to 161 total units]* located in the City of Rancho Mirage and within minutes of Downtown Palm Springs, ideal for a homebuilder or build to rent developer looking to see revenues as soon as possible. With sweeping mountain range views to the south and west, Tesoro falls within the attendance boundaries of some of the best schools in the Coachella Valley and is an attractive locale for families, retirees, and vacation/second home buyers and renters seeking elements of a healthy community and outdoor recreation lifestyle. Tesoro features lots ranging from 9,000 to 17,500 square feet positioned for predominantly one story floor plans with suggested modern or contemporary product however more traditional architecture could also be suitable here. Homes in the area are fetching an impressive pricing of $1.5M - $3M+. *Buyer to verify
