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    Tramway Rd Palm Springs, CA 92262

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    For Sale
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    10 Acres, Stunning Views, Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This unique 10-acre land parcel is situated in the mountains west of Palm Springs, California, in the 92262 zip code. The property, identified by APN 513-040-12, presents a compelling investment opportunity. Currently lacking utilities and road access, the nearest point of access is approximately 1.3 miles away via Tramway Road, which connects to Highway 111 and the Palm Springs Aerial Tramway. Satellite imagery suggests a ridge may traverse the property, potentially offering exceptional panoramic views. The terrain is likely characterized by steep slopes, making development challenging. However, the property's location and size offer significant potential for future development, particularly considering the strategy of accumulating adjacent lots for subsequent luxury home construction, a model successfully employed in upscale areas like Bel Air and Beverly Glen. This 10-acre site presents a rare chance to acquire a substantial piece of land in a desirable location with remarkable views, despite the current lack of infrastructure. GPS coordinates are 33.82480, -116.59228. The asking price is $15,000.

    Property Features for 0 Tramway Rd

    General Information

    Property type
    Land
    Lot Size
    435,600 SF

    HighLights

    • 10‑acre residential land parcel in Palm Springs, CA, APN 513‑040‑12, listed at $15,000.
    • No utilities or road access; nearest access is Tramway Road, about 1.3 miles away.
    • Potentially steep slopes with a ridge offering possible panoramic views.
    • Challenging development site; however, potential exists for future luxury development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Palm Springs
    County
    Riverside
    State
    California
    Longitude
    -116.59228
    Latitude
    33.8248

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    FAQs

    What type of property is this?
    Land - 10 Acres, Stunning Views, Potential
    Where is this land located?
    The property is located at Tramway Rd Palm Springs, CA.
    What is the asking price?
    The asking price for this property is $15,000.
    What are key features of this property?
    This property features: 10-acre residential land parcel in Palm Springs, CA, APN 513-040-12, listed at $15,000.; No utilities or road access; nearest access is Tramway Road, about 1.3 miles away.; Potentially steep slopes with a ridge offering possible panoramic views.
    Request Owner's contact information
    Tramway Rd 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
    Tramway Rd Palm Springs, CA 92262
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