MarketPier

49th Avenue - Indio, CA 92201

$1,500,000
Listing Description

''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+.

Listing Information
MLS Number
219031516DA
APN/Parcel ID
602570001
Type
Land
Sub Type
Land
Lot Size
259,182 sqft
Listing Date
10/9/2019
Days Active
10
Last Updated
10/20/2019
Listing Provided By
Erik Christianson
The Hoffman Company
BRE# 01475105

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