2 Nw Verbena 002 Dr, Desert Hot Springs, CA 92240

$964,000
List Price
$964,000
MLS#
20-549032
Lot Size
108,900
Property Type
Land

Property Description

Opportunity Zone Property. 2.500 Acre (mineral water) Parcel (120-125 degrees at a depth of 300ft). With an unobstructed view of beautiful San Jacinto Mountains. The property (APN 642-081-002). Spa Hotel or Residential up to 14 units, homes, per acre. In April the General plan may increase the density of homes to 15 homes per acre. (Build 28-30 townhomes with individual private spas for each property) Utilities, roads, sewage accessible. This property is also in the New Market Tax Credit Zone. If application is accepted, the developer will receive 39% per million spent within a 7-year time frame. 2 adjacent lots are available for sale as well. This city is exploding. Mike Tyson Broke ground on 420 acres for a new development of Cannabis resort, amphitheater, glamcamps, the longest lazy river in the world, 5.4 miles away from this property. All four lots are available for sale.

Additional Information

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Water
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Courtesy of , Alizabeth James.

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