Indio, CA 92201,0 49th Avenue

$1,300,000

$1,500,000

13.3%
Est.Price: ?

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Est. payment /mo

4 Sqft Lot


SOLD DATE : 09/09/2020

Key Details

Sold Price $1,300,000

Property Type Vacant Land

Listing Status Sold

Purchase Type For Sale

Subdivision Stonefield Estates

MLS Listing ID 219031516DA

Sold Date 09/09/20

HOA Y/N Yes

Lot Size 4 Sqft

Property Description

''GALLERY 49 WEST'', consisting of 9 improved & recorded lots (for sale in bulk) which is approved as a gated enclave of modern high-end for-sale homes OR as vacation-rental homes, not far from the world renowned Music Festivals. This project is located in the high-end Southwest Corner of Indio, nearly adjacent to La Quinta, where home prices average above $1M. These near half-acre lots have the ability to support a large product size and great floor plan. The current product is proposed with modern architecture, and could be tweaked further. Gallery 49 is one of the only opportunities like this with a private enclave near the Music Festival Grounds, with ability to sell to investor homebuyers whom will operate the home as a lucrative vacation rental, OR for you to run a similar business plan directly. There are some other similar developments report rental revenues as high as $100k/weekend during each of the 3 festival weekends each Spring. Otherwise, a for-sale homes sale business plan with modern product could yield home values of $1.25M-$1.5M+.

Location

State CA

County Riverside

Interior

Fireplace No

Exterior

View Y/N No

Building

Lot Description Corner Lot, Cul-De-Sac

Sewer Other

Water Other

Others

Senior Community No

Tax ID 602570001

Acceptable Financing Submit

Listing Terms Submit

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Erik Christianson • The Hoffman Company
Bought with Erik Christianson • The Hoffman Company
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