rare golf course lots | access to shenandoah springs golf ... · already built & sold homes....

This Shenandoah Springs Masterplan is an extension of the adjacent highly amenitized community of Tri-Palms Estates Country Club & Golf Course (27holes) and is approved for a 55+ age restricted project, which are consistently the best selling developments in the desert today. The subject propertyalso presents opportunity to attract move-up home buyers and retirees from the more mature Tri-Palms Estates (55+ as well) project consisting of 1,629already built & sold homes. Approx. 57 of the 85 lots are golf course adjacent and will command premiums. Shopping nearby at Desert Gatewayretail center includes Wal-Mart, Sam’s Club, PetsMart, Kohl’s, Ashley Furniture, Payless Shoes, and Starbucks. The subject property is also near the AguaCaliente Resort & Casino. The nearby city of Palm Desert is located in the center of the Coachella Valley and spans from I-10 to south of Hwy. 111. The city is well known for its luxury shopping district known as “El Paseo,” multiple resorts and golf courses, and several college campuses. With a population of 50,417 and a lack of future lot supply, Palm Desert has growing demand from new homebuyers, especially from the under supplied lower price points in superior locations that the subject project could cater to.

PROPERT Y & THOUSAND PALMS/PALM DESERT OVERVIEW

IRVINE OFFICE: 18881 Von Karman Ave, Suite 150, Irvine, CA 92612 | T 949.553.2020 | CA DRE #01743762 | www.hoffmanland.com

COACHELLA VALLEY OFFICE: 777 E Tahquitz Canyon Way, Suite 200, Palm Springs, CA 92262 | T 760.969.7357

BROKER CONTACT

PALM DESERT QUICK FACTS

Erik ChristiansonCA BRE #01475105T 949.705.0920C 949.910.7337echristianson@hoffmanland.com

PROPERT Y DETAILS

T H E H O F F M A N C O M P A N Y E X C L U S I V E O F F E R I N G

LOCATION Thousand Palms, Near Palm Desert, California

REGION Coachella Valley, Unincorporated Riverside County

INTERSECTION Off of Varner Road/Bosa Chica Trail (Take Monterey Ave. Exit from I-10)

AREA LANDMARKS Part of Golf Club at Shenandoah Springs, Near Classic Club, Agua

Caliente Casino & Resort

PROPERTY SIZE ±41 Acres

LOT COUNT 85 Single Family Detached Lots

LOT SIZE 5,000 to 8,000 Sq. Ft. Lots

ZONING Low Density Residential

ENTITLEMENTS Recently Expired Tentative Tract Map. Approved Specific Plan.

SITE CONDITION Previously Mass Graded. Adjacent Golf Course Holes Completed.

OFFER DEADLINE Offers to be considered and responded to as submitted.

Home Price Last 12 Months: (re-sale & new)

Average Household Income:

5.6%

$81,641

10CITY OF PALM DESERT

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» Rare Golf Course Lots | Access to Shenandoah Springs Golf Club

» Investor Priced Opportunity | FHA Price Band Product Potential

» Across I-10 from established City of Palm DesertF U

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VARNER ROAD

MONTEREY AVE

ACTIVE PROJECT

$390K - $485K

TRI-PALM COUNTRY CLUB

2,000+ RESIDENTS

85 SINGLE FAMILY GOLF COURSE LOTS | 41 ACRESTHOUSAND PALMS (NEAR PALM DESERT) | COACHELLA VALLEY, CA