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38105 Portola Ave
Palm Desert, CA 92260
Catavina Palm Desert · Land For Sale · 96.75 AC

Investment Highlights

  • Unique opportunity to acquire a ±96.75-acre development site in prime Palm Desert, CA
  • Strategically located in the heart of the Coachella Valley near Highway 111 and Interstate 10.
  • Zoned for residential and commercial uses, allowing for a variety of development options
  • Access to major retail, entertainment, and recreational amenities.

Executive Summary

Colliers is pleased to present for sale Cataviña, a ±96.75-acre development opportunity in a highly sought-after area of Palm Desert. With its substantial acreage, the land offers ample space for a well-planned community that can cater to the growing demand for housing in the region. Palm Desert is known for its vibrant community, scenic landscapes, and favorable climate, making it an attractive location for potential homeowners. The area has seen a steady increase in residential property values, indicating a strong market for new housing developments. Situated in a prime location, the property provides easy access to local amenities, including shopping centers, schools, parks, and recreational facilities. Its proximity to major roads and highways also ensures convenient transportation links. The vision for this property is to create a residential oasis that harmonizes with the natural beauty of Palm Desert. The development will focus on community and quality of life, offering a range of housing options to accommodate diverse buyer preferences.
The Potential Purchaser is also presented with the opportunity to further pursue entitlements for a parcel spanning approximately ±17.63 acres, which currently holds partial entitlements for 394 multifamily units. Situated adjacent to the approximately 79-acre plot, this development opportunity encompasses a meticulously planned resort-style apartment complex characterized by individual buildings. This presents the Potential Purchaser with an exceptional opportunity to establish an upscale multifamily community in a highly sought-after location.

Property Facts Under Contract

Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Multifamily
  • Master Planned Community
  • Single Family Development
Total Lot Size 96.75 AC
Zoning PR-22 - Low-Density Multiple-Family Residential Zone

1 Lot Available

Lot

Lot Size 96.75 AC

Description

38105 Portola Ave & 38135-38167 Portola Ave in Palm Desert offer a rare opportunity to acquire a large development site in one of the most desirable resort destinations in Southern California. With its prime location, strong economy, high quality of life, and ongoing public projects, Palm Desert offers investors the potential for long-term value appreciation and a diversified portfolio. As a popular tourist and retirement destination, Palm Desert is poised to continue attracting visitors, residents, and businesses, making it a compelling choice for real estate investment

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 620-400-030
  • 620-170-009
  • 620-400-031
Land Assessment
$15,402,940 CAD
Improvements Assessment
$258,225 CAD
Total Assessment
$15,661,165 CAD
  • Listing ID: 31321734

  • Date on Market: 2024-03-25

  • Last Updated:

  • Address: 38105 Portola Ave, Palm Desert, CA 92260

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