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38105 Portola AvePalm Desert, CA 92260

±97 Acres, Prime Location, CA

Overview

Added:
Dec 11, 2024
Days on market:
114
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.

Highlights

  • Prime location with superior views, desirable amenities, and minimal noise pollution.
  • High residential property value appreciation potential, allowing for a high-quality, community-focused development.
  • Strong population growth and significant recent investment, including $200 million in 2021 construction permits and a planned 27-acre regional sports park.
  • ±17.63-acre parcel with partial entitlements for 394 multifamily units, offering the potential for a resort-style apartment complex.

Property Details for 38105 Portola Ave

Property type
Land
Lot Size (sq. ft)
4,214,430 SF

Location Insight

City
Palm Desert
County
Riverside
State
California
Latitude
33.7685068
Longitude
-116.3758603
38105 Portola Ave, Palm Desert, California

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38105 Portola Ave
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