305 West San Rafael Drive

Palm Springs, CA 92262

$1,499,000
Price
176,418 / 4.05
Lot Size / Acres

Description

Tremendous and rare opportunity for a qualified investor/builder to purchase 4.05 acres in the vibrant Palm Springs market and build 24 dwelling units. The land is zoned R-2 and had an approved Tentative Map that recently expired proposing a twenty-four (24) unit condominium project on the one 4.05 acre lot. The proposed development consisted of four (4) attached condominium units in six buildings symmetrically placed around a center plaza or common area with off-street parking at the ends of the...Tremendous and rare opportunity for a qualified investor/builder to purchase 4.05 acres in the vibrant Palm Springs market and build 24 dwelling units. The land is zoned R-2 and had an approved Tentative Map that recently expired proposing a twenty-four (24) unit condominium project on the one 4.05 acre lot. The proposed development consisted of four (4) attached condominium units in six buildings symmetrically placed around a center plaza or common area with off-street parking at the ends of the development. This is a fantastic opportunity to acquire a prime piece of land in Palm Springs and develop a highly desirable project. Investors and builders are encouraged to contact us to learn more about this development opportunity.
  1. Listed by Panayot Tomov • DRE #01915444 • Brokerage DRE #01464847 • Coldwell Banker Realty
  2. Listed by Michael Romberg • DRE #01267191 • Brokerage DRE #01464847 • Coldwell Banker Realty

Property Details for 305 West San Rafael Drive

Zoning
R2
Cross Streets
Virginia Rd and Puerta Del Sol
Parcel Number
504103001
Area
Palm Springs North End (331)
Subdivision Name
Racquet Club West
Lot Size Area
176418
Source Lot Size Area
Estimated
Assessor Parcel Number
504-103-001

Location

Listing Courtesy of Coldwell Banker Realty, Panayot Tomov, DRE #01915444; Coldwell Banker Realty, Michael Romberg, DRE #01267191
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LISTING UPDATED: 02/15/2024 09:41 AM

Property Details for 305 West San Rafael Drive

StatusActive
MLS #23-313333
Days on Market187
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand Lot
Year Built-
Lot Size4.05 AC
CountyRiverside County

Location

Listing Courtesy of Coldwell Banker Realty, Panayot Tomov, DRE #01915444; Coldwell Banker Realty, Michael Romberg, DRE #01267191
Add your commute

Virtual Tour

Building Information for 305 West San Rafael Drive

Lot Size4.05 AC

Payment Calculator

$8,357 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,181

Property Taxes

$176

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 305 West San Rafael Drive

Community / Development
Community / Development
  • Senior Community: No
  • Builders Tract Name: Racquet Club West
  • Builders Tract Code: 5160
Structure Info
Structure Info
  • View: Yes
  • View Description: Desert, Mountains
  • View: Desert, Mountain(s)
  • Water: In Street
  • Sewer: In Street
Contract Info
Contract Info
  • Financing: Cash To New Loan, Cash, Conventional
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Horse: No
  • Special Zoning: None
  • Lot Acreage: 4.05
  • Lot Size Square Feet: 176418
  • Lot Description: 5 + Lots
  • Lot Location: City
  • Telephone: 1.0
  • Cable: 1.0
  • Electric: In Street
  • Units Per Acre: 6-10 Units/Acre
  • Site Decription: City
  • Topography: Flat
Parking Details
Parking Details
  • Total Parking: 0
Interior Features
Interior Features
Exterior Features
Exterior Features
  • New Construction: No
Lease Terms
Lease Terms
  • Entry Date: 09-25-2023

Property History for 305 West San Rafael Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 305 West San Rafael Drive

Taxable ValueLand$159,294Additions-Total$159,294
Tax Record2023$2,116 ($176 / month)
Home Facts
Beds0Lot Size28,314 SqFtStyleResidentialZoningR1ACountyRIVERSIDEAPN504-103-001

Schools near 305 West San Rafael Drive

This home is within Palm Springs Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
Katherine Finchy Elementary School
PublicK to 5

Raymond Cree Middle School
Public6 to 8

Palm Springs High School
Public9 to 12

Desert Learning Academy
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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305 West San Rafael Drive is a 4.05 ac of land for sale in Palm Springs, CA 92262. This property was listed for sale on September 25, 2023 by Coldwell Banker Realty, it's currently listed at $1,499,000. This listing's school district is Palm Springs Unified School District. Nearby schools include Katherine Finchy Elementary School, Raymond Cree Middle School and Palm Springs High School. 305 West San Rafael Drive is a 0-bed, 0-bath, 4.05 ac of land on a 176,418 sq. ft. / 4.05 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Realty, Panayot Tomov, DRE #01915444; Coldwell Banker Realty, Michael Romberg, DRE #01267191

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.