0 Mission Lakes Blvd Desert Hot Springs, CA 92240

This exceptional 160-acre parcel in Desert Hot Springs, CA (APN 664-020-001), presents a unique opportunity for residential development. The property boasts an approved specific plan, allowing for a high-density residential project, potentially yielding up to 800 units (buyer to verify). Previous plans indicated lot sizes ranging from 5,500 to 16,000 square feet, but the low-density zoning permits up to 5 dwelling units per acre. Situated near Mission Lakes Blvd, in Riverside County, zip code 92240 (latitude 33.9760828, longitude -116.5336535), this location offers panoramic mountain views and proximity to amenities. The area is served by the Palm Springs Unified School District, with nearby schools including Painted Hills Middle School and Bella Vista Middle School. Conveniently located near the Mission Lakes Golf Course and a recently opened retail center, the property benefits from its accessibility to Interstate 10 and Highway 62, providing easy access to Palm Springs (10 miles), Beaumont, Banning, and major employment centers in Riverside, San Bernardino, and Los Angeles. Desert Hot Springs is experiencing rapid growth, making this a prime location for build-for-rent or for-sale home development. Comparable projects in the city are selling at a strong pace, with homes priced in the $400,000 to $500,000+ range, falling within FHA financing limits. The city also qualifies for USDA zero-down financing for new homes. This presents an attractive investment opportunity for developers seeking to capitalize on the growing demand for affordable housing in the desirable Coachella Valley.