38105 Portola Ave Palm Desert, CA 92260-1201

This exceptional ±96.75-acre development opportunity is located in the highly desirable Palm Desert, California, with address at 38105 Portola Ave, zip code 92260, Riverside County. The property, identified by APN numbers 620-170-009, 620-400-030, and 620-400-031, is zoned PR-22 and offers unparalleled views. Its location provides easy access to local amenities, including shopping, schools, parks, and recreational facilities, as well as major roads and highways. The area boasts significant population growth and substantial recent investment, including a planned 27-acre Regional Sports Park adjacent to the property. The site presents a unique chance to create a residential community that complements the natural beauty of Palm Desert. There is potential for multifamily development, with partial entitlements for approximately 394 units on an adjacent ±17.63-acre parcel. This presents a compelling investment opportunity in a thriving market with strong potential for appreciation. The property benefits from minimal wind and sand, unlike other areas, and is free from freeway or railroad noise. This is a rare chance to develop a high-quality residential project in a sought-after location with excellent views and convenient access to amenities. The property offers a unique opportunity to create a residential oasis that harmonizes with the natural beauty of Palm Desert, offering a range of housing options to accommodate diverse buyer preferences.