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    Palm Canyon Dr Palm Springs, CA 92262

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    For Sale
    Contact for pricing

    13.95 Acres, High-Density Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 13.95-acre residential land parcel presents a unique development opportunity in the heart of Palm Springs, California. Located at the intersection of N. Palm Canyon Drive (Highway 111) and Tramway Road, this prime property boasts convenient access to downtown Palm Springs' vibrant amenities, including shopping, dining, resorts, hotels, casinos, and spas. The site is zoned for high-density residential development (APN: 504-040-054), offering flexibility for various project types, such as for-sale homes, build-for-rent units, or multi-family dwellings. Previous approvals included a gated community design featuring two pools, though no clubhouse. Many potential unit locations were strategically positioned to maximize stunning views of the San Jacinto Mountains. Palm Springs' real estate market is currently experiencing robust growth, with high demand, significant price appreciation, and record-setting prices per square foot. The city's appeal extends beyond its historical draw of second-home owners and snowbirds

    Property Features for 0 Palm Canyon Dr

    General Information

    Property type
    Land
    Lot Size
    607,662 SF

    HighLights

    • 13.95 acres of prime residential land.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Palm Springs
    County
    Riverside
    State
    California
    Longitude
    -116.55696068
    Latitude
    33.85768868

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    FAQs

    What type of property is this?
    Land - 13.95 Acres, High-Density Zoning
    Where is this land located?
    The property is located at Palm Canyon Dr Palm Springs, CA.
    What are key features of this property?
    This property features: 13.95 acres of prime residential land.; ;
    (949) 553-2020
    Request Owner's contact information
    Palm Canyon Dr Palm Springs, CA 92262
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    Palm Springs, CA 92262
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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
    Palm Canyon Dr Palm Springs, CA 92262
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