0 Palm Canyon Dr Palm Springs, CA 92262
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
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.