0 Palm Drive

Desert Hot Springs, CA, 92240

For Sale $5,000,000

5acres

Shen Schulz (310) 980-8809shen@shenrealty.com

1031 Exchange Opportunity: 25-Acre Turnkey Multifamily Site! Located in The Spa City, Desert Hot Springs, Coachella Valley $5M ($23/SF) Shovel-ready in 6 months =/-. Fully entitled for 402-unit luxury gated condo community. 20-year development agreement. New Market Tax Credit (NMTC) zone. Why this is gold for 1031 buyers: All heavy lifting done: Phase 1 environmental, CEQA MND, hydrology, cultural/paleo studies, biological surveys, acoustical reports, tentative tract map, CUP site plan, full conceptual design (elevations, unit plans, carports, amenities, landscape, image board, parking/photometrics). Developer-friendly city cooperative planning & building dept. Steps to shopping, everyday conveniences. Turnkey perks: in-house broker for pre-sales, lender, HOA attorney, full consultant team. Just bring your GC. Long runway: 20 years to build perfect for phased or hold strategy. True de-risked gem seller invested deep. Full due diligence package available. Buyer to verify 1031 eligibility and conduct own due diligence. Contact exclusive agent today let's lock this in before it vanishes.

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Listed by:

Alizabeth James with Realty Source Incorporated

0 Palm Drive is a Land property located in Desert Hot Springs, California, featuring a 5 acre lot, MLS #26662423.

Based on information from one of the following Multiple Listing Services: CRMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Trestle and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. All data, including all measurements and calculations of area, is obtained from various sources, is approximate, and has not been, and will not be, verified by broker or MLS. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. All information should be independently reviewed and verified for accuracy. No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of such measurements.

Data last modified: 2026-03-17 22:33:09