Description
REFLECTIONS AT CIMARRON represents one of the only recorded final maps partially improved lot and infill development opportunities in the Cathedral City and Palm Springs area, which fills a void in a highly supply constrained market environment in the West Coachella Valley. The property location is situated well near the Cimmaron Golf Course. Adjacent homes with traditional architecture were recently built and sold with values now into the $1M's, however the market suggests the modern ''Palm Springs'' architecture is preferred/higher-demand and sells for a premium, similar to the District East in Cathedral City upwards of $500/sq. ft., which could yield total product price points here of $1.1M to $1.4M+/- with large lot sizes for this area including prime cul-de-sac & view lots. The project was also approved with a gate, which is now difficult to get approved in Palm Springs and Cathedral City.
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0BEDS
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3.74ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
REFLECTIONS AT CIMARRON represents one of the only recorded final maps partially improved lot and infill development opportunities in the Cathedral City and Palm Springs area, which fills a void in a highly supply constrained market environment in the West Coachella Valley. The property location is situated well near the Cimmaron Golf Course. Adjacent homes with traditional architecture were recently built and sold with values now into the $1M's, however the market suggests the modern ''Palm Springs'' architecture is preferred/higher-demand and sells for a premium, similar to the District East in Cathedral City upwards of $500/sq. ft., which could yield total product price points here of $1.1M to $1.4M+/- with large lot sizes for this area including prime cul-de-sac & view lots. The project was also approved with a gate, which is now difficult to get approved in Palm Springs and Cathedral City.
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-09T14:30:25.503. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Nest Real Estate. Licensed in the State of California, USA.