0 Peterson Road $5,500,000

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    0 Peterson Road Rancho Mirage, CA 92270

    • 20.05 Acres
    • Land
    • MLS# 219023523
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    Views: 130 Days On Market: 147

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    Property Details

    Peterson Ranch'' is a rare sizable 20 Acre prime vacant land property located in the affluent area of South Rancho Mirage with close westerly views of the San Jacinto Mountain Range. The property is one of the last infill vacant land holdings remaining in the southern area of Rancho Mirage. This particular submarket generally appeals to weekend desert dwellers, 2nd home buyers, well-established local residents, and equestrian horse owners from all over the globe. The site plan that was previously proposed for Peterson Ranch consisted of 17 one-acre luxury estate lots, with an equestrian trail and stable. It is anticipated the developer/builder for Peterson Ranch will process a sub division map that reflects the highest and best use of the property. The subject property utilizes convenient access from Hwy. 111, is near the Ritz Carlton, and is not far from several new home luxury projects selling from $1M-$3M. APN's:689-130-004, 005, 013, 014, 017, 018, & 689-140-022

    Contact

    Deborah Ferrell

    REALTOR®

    DRE #01981624

    Indian Wells

    Cell: 310-990-0865

    Neighborhood

    92270 (Rancho Mirage) Demographics

    66 Median Age
    670 Population Density (per sq. mile)
    51% College Educated
    $66,083 Estimated Median Income
    7,525 Estimated Total Home Owners
    1,985 Estimated Total Renters
    79% / 21% Estimated Owner / Renter Divide
    4 Estimated Average Household Size
    17,876 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $525,000 Median Sales Price
    52 Homes Sold
    154 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $5,500,000
        9/3/2019 11:41:00 AM New in Database Source

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