60995 Monroe Street

    La Quinta, CA 92253
    • $5,950,000
    • STATUS: Active
    • ON SITE: 172 days
    • ID#: 219012625DA
    UPDATED: 59 min ago
    $5,950,000
    • 0
      BEDS
    • 30.32
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    Description

    Price Reduced for Quick Close! In Opportunity Zone! Monroe 94 is an approved gated stand-alone project with excellent views of the Santa Rosa Mountains in La Quinta which is approved for 94 TTM lots and lies directly adjacent to the recently sold-out 1,238 unit Shea Homes Active Adult Trilogy at La Quinta community. This new development will help fill an undersupplied niche in the Coachella Valley market which is known for its retirees and 2nd-home buyer pool. Property could potentially be amended into a hospitality focused development with short-term rental potential (Buyer to Verify), which could benefit tremendously from the nearby Coachella Music Festivals (with 125,000 attendees, for 3 weeks a year), and BNP Paribas Open annual international professional tennis tournament (450,000+ attendees in 2019), & vacationers coming for all the other year round amenities available in the area. Potential membership discount available at adjacent Golf Club @ La Quinta. Addt'l APN 764-270-015

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-20T12:35:52.683. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
    www.northsdrealty.com/homes/94230249

    60995 Monroe Street La Quinta, CA 92253

    • Price: $5,950,000
    • Status: Active
    • Updated: 59 min ago
    • ID#: 219012625DA
    0
    Beds
    0
    Baths
    0
    ½ Baths
    30.32
    Acres
    Neighborhood:
    Not Applicable-313 (Na313)
    County:
    Riverside
    Area:
    313 - La Quinta South of HWY 111
    Property Description
    Price Reduced for Quick Close! In Opportunity Zone! Monroe 94 is an approved gated stand-alone project with excellent views of the Santa Rosa Mountains in La Quinta which is approved for 94 TTM lots and lies directly adjacent to the recently sold-out 1,238 unit Shea Homes Active Adult Trilogy at La Quinta community. This new development will help fill an undersupplied niche in the Coachella Valley market which is known for its retirees and 2nd-home buyer pool. Property could potentially be amended into a hospitality focused development with short-term rental potential (Buyer to Verify), which could benefit tremendously from the nearby Coachella Music Festivals (with 125,000 attendees, for 3 weeks a year), and BNP Paribas Open annual international professional tennis tournament (450,000+ attendees in 2019), & vacationers coming for all the other year round amenities available in the area. Potential membership discount available at adjacent Golf Club @ La Quinta. Addt'l APN 764-270-015
    Exterior Features

    Lot Size Source See Remarks View Mountain(S) View YN Yes

    Property Features

    Association Fee 0.00 Association YN No Current Use Comments Vaca Land Lease Amount 0.00 Land Lease YN No Possible Use Comments Resi Special Listing Conditions Standard Subdivision Name Other Not Applicable-313 (Na313) Zoning Ldr

    Listing provided courtesy of Erik Christianson of The Hoffman Company


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-20T12:35:52.683. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
     
    The Houston Team | Compass CA DRE#01991628
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    Carlsbad CA, 92009