54721 Monroe Street, La Quinta, CA 92253

$6,995,000

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List Price
$6,995,000
Status
ACTIVE
MLS#
00-26107397
Lot Size
533,610
Days on Market
2
Property Type
Land
Neighborhood
Not in a Development

Property Description

An exceptional investment opportunity in one of Southern California's premier growth corridors, this versatile Coachella Valley parcel offers an unbeatable combination of immediate utility and high-yield development upside. An existing single-family residence is fully powered, allowing an investor or owner to comfortably occupy and generate interim rental cash flow, or land-bank for long-term appreciation with zero utility delay. For developers ready to break ground, the property features a pathway to deliver 34 homes under a Tentative Tract Map (TTM), supported by a comprehensive, master-planned solar micro-grid model designed to bypass current IID grid capacity constraints and ensure total energy independence. Priced at an entry point that leaves substantial margin on the table with rare residential scale in a rapidly appreciating desert market.

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Listing courtesy of Compass.