0 Coachella Vly Coachella, CA 92236
Coral Canyon presents a unique 323-acre development opportunity in the prestigious La Quinta area of the Coachella Valley, Riverside County, California (zip code 92236). This exceptional property, located in the Santa Rosa foothills, offers breathtaking mountain and valley views. Previously approved for a 219-lot residential subdivision (tentative map now expired), the land is ideally suited for a luxury residential development or a high-end resort. Its location is proximate to several established luxury golf course communities, including The Quarry Golf Club (with resale properties ranging from $1.75M to $4M), The Golf Club at La Quinta, PGA West, and Andalusia at Coral Mountain. Residents will enjoy convenient access to numerous restaurants, shopping, Lake Cahuilla, and world-class resorts. The gently sloping terrain provides premium elevated view lots, with building pad elevations ranging from 70 to 170 feet above sea level. Dramatic mountain and rock formations create a naturally secluded setting, characteristic of the most exclusive developments in the valley. The property is bordered by The Quarry to the north, Bureau of Land Management (BLM) property to the south, and the Santa Rosa & San Jacinto Mountains National Monument to the west. La Quinta, known as the "Gem of the Desert," boasts a rapidly growing population and a high average household income of $128,303. The city's limited supply of improved lots and vacant land makes Coral Canyon a truly exceptional and rare opportunity for a developer seeking to create a premier luxury residential or resort community in one of the most desirable locations in the Coachella Valley. The permitted zoning allows for Residential Subdivision and Potential Hospitality Resort development.
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
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Property description
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No recorded transactions found for this property.
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