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Property profile & analytics
OFF-MARKET
Land

0 Palm Canyon Dr Palm Springs, CA 92262

13.95 ac lot
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Land
Lot 13.95 ac (607,662 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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