38500 Bob Hope Drive, Rancho Mirage, CA 92270

$19,900,000
List Price
$19,900,000
Status
ACTIVE
MLS#
219016323
Lot Size
1,089,000
Lot Location
On Golf Course
Days on Market
502
Property Type
Land
Neighborhood
Rancho Mirage Country Club

Property Description

The Residence at Rancho Mirage Country Club'' is the only available & approved residential and hospitality project located in the affluent area of South Rancho Mirage.The site has fully approved entitlements in place to renovate & re-purpose approx 49 Ac of existing Rancho Mirage Country Club facilities to a resort hotel with a residential condo component.In addition to the boutique hotel & condo units, the project also includes a revitalized golf course, remodeled entries on Frank Sinatra & Bob Hope Dr, & an improved amenity package available to all existing residents.The residential component consist of 108-two & three bdr condo units (stacked flats ranging 1,481 to 1,837 SqFt) in 27 two-story buildings with additional sq.ft./lock-off suites for each (additional 480-520 SqFt with potential rental income for unit owners) which could also be made available as hotel rooms within the rental pool if the owner wishes.The additional 60 standard hospitality-only units are approx 460 SqFt.

Additional Information

Sewer
Unknown

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Calculator source: Real Geeks

Listing courtesy of The Hoffman Company.