49th Avenue, Indio

$1,500,000

0 Beds
0 Baths
0 Sqft
5.95 Acres
0 Garages

''GALLERY 49 WEST'', consisting of 9 improved & recorded lots (for sale in bulk) which is approved as a gated enclave of modern high-end for-sale homes OR as vacation-rental homes, not far from the world renowned Music Festivals. This project is located in the high-end Southwest Corner of Indio, nearly adjacent to La Quinta, where home prices average above $1M. These near half-acre lots have the ability to support a large product size and great floor plan. The current product is proposed with modern architecture, and could be tweaked further. Gallery 49 is one of the only opportunities like this with a private enclave near the Music Festival Grounds, with ability to sell to investor homebuyers whom will operate the home as a lucrative vacation rental, OR for you to run a similar business plan directly. There are some other similar developments report rental revenues as high as $100k/weekend during each of the 3 festival weekends each Spring. Otherwise, a for-sale homes sale business plan with modern product could yield home values of $1.25M-$1.5M+.

Essential Information
MLS® #219031516
Price$1,500,000
Bathrooms0.00
Acres5.95
TypeLand
StatusActive
Community Information
Address49th Avenue
Area314 - Indio South of Hwy 111
SubdivisionStonefield Estates - 1006532
CityIndio
CountyRiverside
StateCA
Zip Code92201
Exterior
Lot Description259182
Additional Information
Days on Market40
Listing Details
AgentErik Christianson
OfficeThe Hoffman Company

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The information being provided by the California Desert Association of Realtors® is exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.

Listing information last updated on November 18th, 2019 at 7:30pm PST.

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