60995 Monroe St, LA QUINTA, 92253

REDUCED 20% Lot-Land For Sale


MLS® #: 219012625DA
Active, 427 Days on Market

Price Reduced for Quick Close! In Opportunity Zone! Monroe 94 is an approved gated stand-alone project with excellent views of the Santa Rosa Mountains in La Quinta which is approved for 94 TTM lots and lies directly adjacent to the recently sold-out 1,238 unit Shea Homes Active Adult Trilogy at La Quinta community. This new development will help fill an undersupplied niche in the Coachella Valley market which is known for its retirees and 2nd-home buyer pool. Property could potentially be amended into a hospitality focused development with short-term rental potential (Buyer to Verify), which could benefit tremendously from the nearby Coachella Music Festivals (with 125,000 attendees, for 3 weeks a year), and BNP Paribas Open annual international professional tennis tournament (450,000+ attendees in 2019), & vacationers coming for all the other year round amenities available in the area. Potential membership discount available at adjacent Golf Club @ La Quinta. Addt'l APN 764-270-015

Essential Information

MLS® #: 219012625DA
Price: $5,950,000
Acres: 30.32
Type: Lot-Land
Status: Active

Community Information

Address: 60995 Monroe St
Area: La Quinta South of HWY 111
County: Riverside
State: CA
Zip Code: 92253


View: Mountains

Additional Information

Date Listed: April 29th, 2019
Days on Market: 427

Listing Details

Listing Agent: Erik Christianson (01475105)
Listing Office: The Hoffman Company
Contact Ron Parks: Phone: 760-883-8613
Based on information from CARETS as of September 30th, 2020 at 11:25am PDT. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.