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    71231 Cholla Way Palm Desert, CA 92260

    For Sale
    $6,250,000

    Prime 25-acre residential lot, stunning mountain views.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 25-acre parcel in the coveted Cahuilla Hills area of South Palm Desert presents a unique opportunity to build a custom estate. The property boasts unobstructed views of the breathtaking desert mountainscape, offering unparalleled privacy and tranquility. Zoned R-1-10 (One Family Dwellings, 10-acre minimum lot size), this expansive lot allows for the creation of a truly magnificent residence. Its secluded location provides optimum privacy while still being minutes away from the upscale amenities of the El Paseo Shopping District, featuring high-end retailers such as Gucci, Louis Vuitton, and Saks Fifth Avenue, as well as renowned dining establishments like Mastro's Steakhouse. The property is surrounded by prestigious, exclusive communities, including Bighorn Golf Club, Ironwood Country Club, and The Reserve Club, further underscoring its desirability and location within a highly sought-after area. The APN is 628-380-002, 004, 011, 013, 014. Located at 71231 Cholla Way, Palm Desert, CA 92260, this offering is priced at $6,250,000.

    Property Features for 71231 Cholla Way

    General Information

    Property type
    Land
    Lot Size
    1,089,000 SF

    HighLights

    • $6,250,000 asking price.
    • 25‑acre residential land parcel.
    • R‑1‑10 zoning (one‑family dwellings, minimum 10‑acre lots).
    • Located in Palm Desert, CA, at 71231 Cholla Way (APN: 628‑380‑002, 004, 011, 013, 014).
    • Prime location near El Paseo shopping district and prestigious golf communities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Clothing Store Hotel & Motel Gym & Fitness Pharmacy Kitchen & Bath Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Palm Desert
    County
    Riverside
    State
    California
    Longitude
    -116.42095288594
    Latitude
    33.688694867824

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    FAQs

    What type of property is this?
    Land - Prime 25-acre residential lot, stunning mountain views.
    Where is this land located?
    The property is located at 71231 Cholla Way Palm Desert, CA.
    What is the asking price?
    The asking price for this property is $6,250,000.
    What are key features of this property?
    This property features: $6,250,000 asking price.; 25-acre residential land parcel.; R-1-10 zoning (one-family dwellings, minimum 10-acre lots).
    (760) 360-8200
    Request Owner's contact information
    71231 Cholla Way Palm Desert, CA 92260
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    Palm Desert, CA 92260
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    71231 Cholla Way Palm Desert, CA 92260
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