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0 Desert View Avenue $4,195,000

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    0 Desert View Avenue Desert Hot Springs, CA 92240

    • 21.14 Acres
    • Land
    • MLS# 219045324DA
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    Views: 14 Days On Market: 793

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    Property Details

    'DESERT VIEW/MOUNTAIN VIEW 20-ACRE HOT WATER RESORT' is considered a prized developable land property given that is it known to the be the largest single parcel with hotel zoning (zoned 'VS' - Hotel/Hot Water Resort) in the city; and is also within the Hot Mineral Springs Zone with an existing hot water well (194 degree water - possibly the hottest in town). The subject property is located in the most desirable area of Desert Hot Springs and has spectacular views of the surrounding adjacent hills & Mt. San Jacinto. This irreplaceable property sets itself apart from the competition, and offers a peaceful and tranquil setting for a one-of-a-kind hot water resort. Attractions nearby include Cabot's Pueblo Museum, and spectacular hiking trails nearby and not far in Joshua Tree, and with only a 10 minute drive to Palm Springs. Outright Sale -OR- Long Term Land Lease for $17k per month.**Triple net lease with annual cost of living increases and lessee to also pay brokers' commissions, and all expenses associated with the property, including taxes and insurance. Suggested lease term of 34 years so as not to trigger property tax reassessment under California law. New Reports & Studies now available include: Topo, ALTA Survey, Geotechnical Report, Phase 1 Report, and Conceptual Site Plan for 100-Unit Hotel plus up to 28 Casitas and a 6,000 s.f. Spa.

    • General Features
      • Buyer Compensation 2.500 %
      • County Or Parish Riverside
      • Subdivision Name Not Applicable-1
    • Property Features
      • Lot Size Acres 21.14
      • View Error: ClassID in tblMLSFieldPropertyType is null.

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    Neighborhood

    92240 (Desert Hot Springs) Demographics

    37 Median Age
    981 Population Density (per sq. mile)
    23% College Educated
    $40,456 Estimated Median Income
    6,801 Estimated Total Home Owners
    6,154 Estimated Total Renters
    52% / 48% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    36,214 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $370,000 Median Sales Price
    53 Homes Sold
    69 New On Market

    Average Days on Market

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $4,195,000
        6/30/2022 9:00:39 AM Price Increased Source: Multiple Listing Service New Value: $4,195,000 4.88%
        6/30/2022 9:00:39 AM Status Changed Source: Multiple Listing Service New Value: Active
        4/4/2022 4:40:00 PM New in Database Source: Multiple Listing Service New Value: $3,999,999

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        * This payment calculator is intended for educational and planning purposes only.
        ** Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Based on information from California Regional Multiple Listing Service, Inc. as of 11/30/2022 10:20:33 PM. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.