60995 Monroe Street $5,950,000

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    60995 Monroe Street La Quinta, CA 92253

    • 30.32 Acres
    • Land
    MLS# 219012625 | Active
    Days On Market: 225 57 Views
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    Property Details

    Price Reduced for Quick Close! In Opportunity Zone! Monroe 94 is an approved gated stand-alone project with excellent views of the Santa Rosa Mountains in La Quinta which is approved for 94 TTM lots and lies directly adjacent to the recently sold-out 1,238 unit Shea Homes Active Adult Trilogy at La Quinta community. This new development will help fill an undersupplied niche in the Coachella Valley market which is known for its retirees and 2nd-home buyer pool. Property could potentially be amended into a hospitality focused development with short-term rental potential (Buyer to Verify), which could benefit tremendously from the nearby Coachella Music Festivals (with 125,000 attendees, for 3 weeks a year), and BNP Paribas Open annual international professional tennis tournament (450,000+ attendees in 2019), & vacationers coming for all the other year round amenities available in the area. Potential membership discount available at adjacent Golf Club @ La Quinta. Addt'l APN 764-270-015

    Contact

    Gloria Rubio

    REALTOR®

    DRE #01707809

    Indian Wells

    Mobile Phone: 760-578-8217

    Neighborhood

    92253 (La Quinta) Demographics

    46 Median Age
    1,127 Population Density (per sq. mile)
    44% College Educated
    $72,203 Estimated Median Income
    10,624 Estimated Total Home Owners
    4,334 Estimated Total Renters
    71% / 29% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    39,435 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $450,000 Median Sales Price
    107 Homes Sold
    180 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $5,950,000
        4/30/2019 12:39:00 PM New in Database Source

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