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54721 Monroe - Saddle Ranch | 34 Approved Single Family Lots

12.25 Acres of Residential Land Offered at $10,521,053 CAD in La Quinta, CA 92253

Investment Highlights

  • Located within 5 minutes from Westside Elementary School, and 10 minutes from Coachella Valley High School
  • 10-minute distance from the Jacqueline Cochran Regional Airport
  • Several golf clubs near the area such as The Palms Golf Club, the Rancho La Quinta Country Club, and the Coral Mountain Golf Club located minutes away

Executive Summary

Saddle Ranch - With Final Map - A 34 Lot Development on 12.25 Acres. Lot Sizes Ranging from 8,626 to 14,660 square feet. Nearby New Home Construct Sold Out. Recent Home Closings in the $1.5M-$3M Range. Saddle Ranch is off the grid and powered completely by Solar! This 12.25 acre luxury new private enclave neighborhood provides exclusivity and is also a short driving distance (via car or golf car) to great shopping, restaurants off Hwy. 111, and golf. This new development will capitalize on the huge recent pandemic demand surge to suburban and second-home markets like La Quinta with ample outdoor recreation activities, which has led to record breaking year over year 29.5% home price appreciation, and less than 1 month of home supply with little new inventory expected on the horizon. Additionally several huge attractions are located nearby including both PGA West which boasts 6 golf courses, and the SilverRock Resort and golf course with the Montage & Pendry hotels. Also, not far, is the Coachella & Stagecoach Festivals at the Polo Grounds. La Quinta is known as one of the most beautiful cities in the Coachella Valley (a.k.a the Gem of the Desert) adjacent to the pristine Santa Rosa mountain range, and is home to nearly 30 golf courses, with an impressive average household income of $126,444.

Property Facts

Price $10,521,053 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 12.25 AC
Cross Streets Mountain View Lane

1 Lot Available

Lot

Price $10,521,053 CAD
Price Per AC $858,861 CAD
Lot Size 12.25 AC

There are 34 spacious single family lots.

Description

34 Single Family Lots

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
780-130-005
Land Assessment
$4,614,446 CAD
Improvements Assessment
$262,949 CAD
Total Assessment
$4,877,395 CAD

zoning

Zoning Code R (Residential)
R (Residential)
  • Listing ID: 32774184

  • Date on Market: 2024-08-12

  • Last Updated:

  • Address: 54721 Monroe, La Quinta, CA 92253

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