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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:
12/28/2025
Overview
Description
...
(Read more)
SUNSET RIDGE offers a rare approved Specific Plan on 160± Gross Acres (not all developable) located within in 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 sf. lots however the low density residential zoning allows up to 5DU/acre which in theory could yield as many as 800± potential units (Buyer to Verify). This opportunity is ideal for a build-for-rent developer, or homebuilder. With panoramic mountain range views to the north, west, and east in the near the hills of North-West Desert Hot Springs, home price premiums or rents are expected. Sunset Ridge falls within the attendance boundaries of the Palm Springs Unified District and is located near the Painted Hills Middle School & Bella Vista Middle School. The subject property is located east west of Mission Lakes Golf Course (semi-private), and just north-east west of the recently opened Mission Lakes Retail Center. In summary, Sunset Ridge is an attractive locale for families, retirees, and vacation / second home buyers seeking spacious but affordable living on traditional (or potential smaller) lot sizes with ample access to outdoor recreational activities.
DESERT HOT SPRINGS is known as one of the few affordable cities within the Coachella Valley, however the best located of these, within the desirable and more accessible west Coachella Valley near Hwy. 62, only minutes away from Palm Springs, and is within a short distance to the submarkets of Beaumont and Banning. The City of Desert Hot Springs is part of a rapidly growing new home market as the fastest growing city in the Low-Desert, which has benefited from a robust job growth rate that is among the highest in the state of California. Sunset Ridge is well-positioned to meet the growing demand from working households and mature households seeking affordable ownership opportunities given its close proximity to the Los Angeles MSA. Additionally, the projected home prices all fall within the FHA financing limit, while the city of Desert Hot Springs also qualifies for zero down USDA new home financing. Located just 10 miles from Palm Springs and only 5 miles to Interstate 10, the Property is easily accessible to abundant services, jobs and entertainment throughout Palm Springs and the rest of the Coachella Valley, as well as major employment centers in Riverside, San Bernardino, and Los Angeles.
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
Listing Office:
The Hoffman Company
Listing Agent:
Erik Christianson
Last Updated: December - 28 - 2025
Information deemed reliable but not guaranteed.
