60995 Monroe St, LA QUINTA, 92253

REDUCED 20% Lot-Land For Sale

$5,950,000

Beds
Baths
Sqft
30.32Acres
Built
196DOM
MLS® #: 219012625DA
Active, 196 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
City: LA QUINTA
County: Riverside
State: CA
Zip Code: 92253

Amenities

View: Mountains

Additional Information

Date Listed: April 29th, 2019
Days on Market: 196

Listing Details

Listing Agent: Erik Christianson (01475105)
Contact Ron Parks: Phone: 760-883-8613
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