02 Karen Avenue, Desert Hot Springs, CA 92240 (MLS# 219132097)

02 Karen Avenue, Desert Hot Springs, CA 92240

$24,900,000
Property Type: Land Lot Size (sq. ft.): 6,969,600 Status: Active
Current Price: $24,900,000 List Date: 10/10/2025 Last Modified: 7/18/2026

Overview

Description

AVAILABLE FOR SALE OR LONG-TERM LAND LEASE. Sunset Ridge offers a rare approved Specific Plan on approximately 160 Acres located within the City of Desert Hot Springs within minutes of Downtown Palm Springs. The previous Tentative Tract Map was approved for 5,500 to 16,000 sq. ft. lots, however, the zoning allows up to 5DU/acre which could yield as many as 800± potential units (Buyer to Verify). This opportunity is ideal for a build-for-rent developer, homebuilder, or savvy investor interested in a rare land-banking opportunity to acquire one of the largest developable parcels in the entire Coachella Valley. With panoramic views and close proximity to both downtown Palm Springs and the I-10 freeway, significant home price premiums or rents are expected. Opportunity Highlights: The property consists of 160 Acres with breathtaking panoramic views. The 'Sunset Ridge Specific Plan' is approved and valid, with zoning for up to 800± potential lots (5 dwelling units per acre), and p ...

Listing Details MLS# 219132097

General Property Information

Pool
No
Lot Acres
160
Lot Size Source
Assessor
Cross Streets
Karen Avenue & Mission Lakes Blvd.

Property Features

Sale Type: Standard Listing Terms: Other View Type: Hills; Mountain(s); Panoramic Disclosures: None Sewer: Unknown Land Lease Type: Fee Simple

Listing Location and Property Info

APN
664020001
Original List Price
24900000
Street #
02
Street Name
Karen Avenue
County
Riverside
State
CA
Zip Code
92240
Area
340 - Desert Hot Springs
Country
US

Tax Info

Tax Mello Roos
Unknown

Property Info

Senior Community
No
Gated Community
No
View
Yes

Status Change Info

Status Change Date
2025-10-10

More Information

HOA Information

Association
No

Listing, Location and Property Info

Entry Date
2025-06-29
Land Type
Fee

Sale Type

Standard
Yes

Listing Terms

Other
Yes

View Type

Hills
Yes
Mountain(s)
Yes
Panoramic
Yes

Disclosures

None
Yes

Sewer

Unknown
Yes

Land Lease Type

Fee Simple
Yes

Documents

Listing Office: The Hoffman Company
Listing Agent: Erik Christianson
Last Updated: July - 18 - 2026
Information deemed reliable but not guaranteed.
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