Temecula-Murrieta Valley Homes
Views
Address
2 Verbena 002 Drive Desert Hot Springs, CA
Price
$ 964,000
Property Attributes
  • MLS#20549032
  • TypeLand
  • CountyRIVERSIDE
  • CityDesert Hot Springs
  • AreaDesert Hot Springs
  • Zip92240
  • Style
  • Price$ 964,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size2.5 Acres
Listing Provided Courtesy Of:
Alizabeth James with United Real Estate Los Angeles.
Property Description

Opportunity Zone Property. 2.500 Acre (mineral water) Parcel (120-125 degrees at a depth of 300ft). With an unobstructed view of beautiful San Jacinto Mountains. The property (APN 642-081-002). Spa Hotel or Residential up to 14 units, homes, per acre. In April the General plan may increase the density of homes to 15 homes per acre. (Build 28-30 townhomes with individual private spas for each property) Utilities, roads, sewage accessible. This property is also in the New Market Tax Credit Zone. If application is accepted, the developer will receive 39% per million spent within a 7-year time frame. 2 adjacent lots are available for sale as well. This city is exploding. Mike Tyson Broke ground on 420 acres for a new development of Cannabis resort, amphitheater, glamcamps, the longest lazy river in the world, 5.4 miles away from this property. All four lots are available for sale.

Price History
1/30/2020 Listed $964,000

General Features

Directions Palm Drive (North) to Hacienda Avenue. Turn right on Hacienda, turn left on Verbena. Cross street is Flora. Lot behind 642-081-001.
Listagentaor Beverly Hills/Greater LA
Listing Agent Alizabeth James - BRE#01945214
Listing Agent State License 01945214
MLS Area 340 - Desert Hot Springs
Price Per Square Foot 8.85
Source System CRMLS
Special Listing Conditions Standard
Topography Flat
View Mountain(s)
Zoning O1

Exterior Features

Lot Size Acres 2.5000
Lot Size Area 108900.0000
Lot Size Square Feet 108900.00
Lot Size Units Square Feet

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 92240

Price
AVG $400K
$960K
Visits
AVG 70
62

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