Land, ranches & residential in the Coachella Valley.
Coming Soon in the Coachella Valley. Some new properties are coming up in our beautiful eastern Coachella Valley and the winter season is also coming! I always look forward to our seasonal visitors coming back and I always look forward to the Polo season starting again. It’s just fun to have all your friends back again, and the tournament games every weekend with all the crowds, and the real estate market gets crazy again! If you are looking to buy or sell your Coachella Valley land, horse property or residential, give me a call at 760-285-3578.
New Listings Coming up in the Coachella Valley 2023
59105 Lincoln St.; south views over the pool!
1. 59105 Lincoln St., Thermal, CA. $1,850,000. This property will be active by the end of this year, and it’s worth waiting for! Situated on 2 acres, this ranch style Pool home with an elevated, south facing view over ag fields to the mountains beyond. The permitted 6400 sf Storage garage with roll up doors is ready for it’s new owner. Near access to the freeway and the Thermal airport, this property could be a great event site, Vacation rental, horse property, or home business. Spectacular!!
The covered arena at Willowbrook riding Club, north Cathedral City
2. 20555 Mountain View Rd., North Cathedral City, CA. This is a one of a kind equestrian development with a CUP allowing up to 200 horses on this 40 acre property. Direct access to Fwy 10, approx. 35 minute drive to HITS Thermal showgrounds. 5 arenas, including one covered one, a mobile on a permanent foundation + a second permitted storage shed. Willowbrook Riding Club is an established boarding and show jumping facility. The owners are ready to retire; what an opportunity! Watch the video on this amazing equestrian farm..
Investment Farms just listed in Coachella Valley
Investment farms just listed in Coachella Valley. The Eastern Coachella Valley is HOT! I’ve lived here 40 years, been a local realtor for 21, and have never seen investment farms and land parcels in such demand. If you’re looking for commercial opportunities in the explosive Coachella Valley, don’t wait. Leja Farms is a 35 acre date production facility. How about a 10 acre farm in Thermal? Call local Realtor, Kim Kelly at 760-285-3578 for more information on Land and Farms in the Coachella Valley.
Leja Farms is a 35 acre family owned date farm in a key Coachella valley location. On the corner of 52 and Van Buren, the farm is 3 legal APN’s. There is a hard signalized corner right by the commercially zoned northern portion of the farm. The middle parcel is home to the date sorting/storage facility, and is zoned medium density residential. There are two homes on the property, and approx. 1475 palm trees.
A perfect Coachella Valley Event site on 9+ acres.
If you are looking for an established luxury lease event site, I have two for you! Threethumbsupestate.com is a 9.4 acre estate located walking or biking distance from the Coachella Festival grounds. Offered for 8.5 (recent reduction of 1 mil!), this estate offers 8 beds/7 baths and multiple event sites. One of a kind!
A 10 acre farm at Deer Creek Equestrian Center being offered at $2,995,000, this equestrian farm is in a gated HOA governed equestrian community located in Thermal, CA. This parcel features a custom adobe home of approx. 1800 sf, gorgeous pastures, a community track and polo field and only 16 parcels in total.
Take a tour of Leja Farms here..
Coachella Valley real estate update
Coachella Valley, especially multi acre properties are hopping!
Things are hopping here in the Coachella Valley to end 2021 and begin 2022. Not exactly news since real estate is selling pretty much everywhere right now. Residential listings do not sit on the market unless they’re so extremely over priced for their community that it just doesn’t make any sense for a buyer. The most interesting thing from my perspective is all the NEW money and buyers coming into our Coachella Valley..in particular the Eastern Coachella Valley.
Our beautiful Eastern Coachella Valley cities of Vista Santa Rosa, (which is unincorporated), Indio, Thermal, Coachella and even further East are drawing a lot of investment. The land is still relatively inexpensive, it just isn’t that “far out”, as people once thought, and the development and activities moving Easterly continue to expand.
My vacant land listings are generating interest, showings, and sales. The price/acre hasn’t changed much, except that any land listings that are more Westerly..meaning closer to La Quinta amenities and nearer Coachella Festival grounds, have risen. There isn’t a lot to choose from; certainly not if the location is close to the famed Coachella Music Festival grounds and polo fields.
Some recent changes in our Eastern Coachella Valley are the following..
- Empire Polo Club no longer will host actual polo games. Goldenvoice has leased the Empire Polo Club grounds through 2050. They will be having events year round!
- Eldorado Polo Club right next door to Empire is already owned by Goldenvoice, but there are currently no plans to end the seasonal polo tournaments.
- There are several water parks planned. Not sure what stage they are in with them.
- There is a private golf course currently under development in Thermal.
- The Jacqueline Cochran airport has had extensive additions and renovations over the past several years.
- Multi acre properties in the county are generating strong sales. This is mostly due to local city ordinances limiting short term rentals and events, pushing buyers to the County.
Take the tour of this incredible listing at 54250 Monroe St., Indio. It’s 9.4 fenced, secure and gated acres a walk or bike ride away from the Coachella Valley festival grounds. Listed at 9.5 million and generating a strong short term lease return, this property is a great investment!
This 9.4 acre estate around the corner from festival grounds is for sale $9.5 mil
Empire Polo Club leases to Goldenvoice! Massive changes ahead for events in the Coachella Valley. There is no more polo at Empire Polo Club. Quite a shock for the polo players who played at Empire Polo Club, but great news with regards to real estate here in the Coachella Valley. Empire Polo Club is being leased to 2050 by Golden voice.
The agreement provides Golden Voice with full operational control of the venue, meaning lots more events and music happenings year round are in the future. The agreement also provides Golden Voice and their parent company AEG with oversight of Empire Grand Oasis on Avenue 58. Golden Voice (Desert Sun) says the agreement ensures a broader spectrum of special events, sporting events and other private functions. Further year round investment in Indio and our eastern Coachella Valley is sure to follow. My multi acre estates have been in huge demand this past season, and I expect even more interest with this new announcement.
Small farms are such great luxury event sites and STVR properties.
One of our popular event venue listings at 9.5 million is Threethumbsupestate. Another potential event venue is Valor Farm which is a 10 acre Equestrian farm in Coachella. Valor Farm is currently an equestrian site with 2 amazing barns, turnout paddocks, a hay barn, a remodeled 5 bedroom home, a 7 car garage with an attached sleeping lounge, and a caretaker mobile. Take a tour of this incredible 10 acre estate that is currently available for 4.5 mil.
Small farms are such great luxury event sites and STVR properties.
High end market for investors; a new home model. What’s left as far as a manner remaining to capitalize on the Coachella Valley real estate market? With all the recent law change proposals for Short term vacation rentals, and luxury event site rentals, what’s next??? Call local realtor, Kim Kelly at 760-285-3578.
There is a one year old 1.5 billion company named Pacaso that is buying high end Coachella Valley homes and selling shares in them to investors. Pacaso, (according to the Desert Sun) has bought properties in Palm Springs, Palm Desert, Indian Wells and La Quinta. The idea is the now buyers who want a second home in the Coachella Valley, can now buy a 1/8 share of a luxury home. If Pacaso does succeed, the company will probably be followed by others looking to cash in on this form of fractional home ownership.
Sound like a timeshare?? Does to me also. Timeshares are banned in many areas of the Coachella Valley, and as we have all read, one of their prime problems is that an owner will find it very difficult to sell their time. Pacaso categorically rejects this notion. It says that it’s homes’ shareholders are buying shares in real property, not useage rights. It remains to be seen how this fractional ownership will eventually be classified and if it can expand through our Coachella Valley. In the meantime, take a tour of this lovely small farm that is for sale in Thermal, 20 acres, $1,775,000.
Investment Properties in the Coachella Valley range from homes, to farms and vacant land!
Inflation Cools a bit and consequently here in the Coachella Valley as everywhere else, mortgage Rates decline just a bit. With the inventory already low, the reduced Mortgage rates will certainly drive buyers to our beautiful desert! The following article is courtesy of Brad Tilford, with Franklin Loans, a local lender that can get your loans done! Call local Realtor, Kim Kelly, if you are thinking of buying or selling your home, land or Equestrian property. 760-285-3578.
Inflation Cools, Mortgage Rates Decline
Overview: Over the past week, investors were mostly focused on the latest inflation data. The reading came in weaker than expected, and mortgage rates ended the week a little lower.
The Consumer Price Index (CPI) is a closely watched inflation indicator that looks at the price changes for a broad range of goods and services. To get a better sense of the underlying long-term trend, investors generally prefer to look at core CPI, which excludes the volatile food and energy components. In August, core CPI rose 0.1% from July, which was less than expected. On an annual basis, core CPI was 4% higher than a year ago, a very high figure by historical standards. However, this was down from an annual rate of increase of 4.5% in June, a level not seen since 1991. Since inflation is negative for mortgage rates, this lower-than-expected data caused rates to decline.
The Department of Labor releases the total number of new claims for unemployment insurance each week, and the latest reading was 310,000, the lowest level since March 2020. This was down significantly from the inflated figures seen during the early months of the pandemic, but still well above the readings around 220,000 that were typical during 2019.
As expected, the European Central Bank (ECB) announced at Thursday’s meeting that it will reduce its bond purchases, but it did not specify by exactly how much. Rather, the meeting statement said that it will proceed with a “moderately lower pace” of net asset purchases. While the U.S. Federal Reserve has not yet begun to scale back its bond buying program, it is expected to do so before the end of the year.
Enjoy the views at twilight at 52450 Monroe St., Indio, CA.
Luxury Event Site in Coachella Valley. 52450 Monroe St., Indio, CA. is a 9+ acre, gated, exclusive site that is unlike any other in the Coachella Valley. Listed for sale for $9,500,000, the manicured grounds are hidden behind wrought iron gates, just down a dirt road, off Monroe St. Location is everything and ThreeThumbsUpEstate, is a bike ride from the Coachella Festival grounds, and approx. 5 minutes from Old Town, La Quinta. Now being offered by a renowned Coachella Valley Lease company for Events and Daily or weekly rentals.
A new Luxury Event Site is being offered for rentals and events at 52450 Monroe St., Indio, CA. The property will continue to be marketed for sale at $9,500,000, but until it sells, it is available for bookings. Avantstay, a luxury lease management company in the Coachella Valley, is managing the rentals and leases. The annual projected income for this incredible property is well into the upper 6 figures. With 4 homes, a 12 stall barn, lake, pitch n putt golf course, gorgeous orchard and friendly Asado pit area, this property is incredible! Take the tour below.
5 Acre Equestrian Estate just 1.7 miles from Coachella Music Festival grounds
Investment Properties in Coachella Valley. What’s happening East of the Coachella Music Festival grounds? Plenty! The Festivals have brought more and more people seeking investment properties, out to the East Valley. I can still remember when I had to tell people that I was in Palm Springs, rather than Indio, just so they’d know what part of the California world I was in. Literally NOBODY knew where Indio was..not any more! Call Kim Kelly, local Realtor, resident and Equestrian for a FREE consultation at 760-285-3578.
Investment Properties in the Coachella Valley range from homes, to farms and vacant land!
Why are the investors heading to the East Valley? Lots of reasons, including large homes that are still priced well below our median. Land prices/acre are still very low, ranging from approx. $25-35,000/acre for raw land out near the HITS showgrounds and Thermal Club, to $50-$100,000/acre as you get nearer to the actual Festival grounds.
The Kohl Ranch project encompassing 2200 acres near the Jacqueline Cochran Airport is said to be getting nearer to approval of it’s Surf Park and surrounding home sites. Palm Springs, Cat City, Rancho Mirage, and all the desert cities are incredible, but Investment opportunists are moving on..closer and closer to our beautiful Eastern Coachella Valley. Take a tour of the investment property below..20 acres with multiple living quarters, a 10-stall barn, horse safe fences, irrigated pastures, offered at $1,500,000..GREAT VALUE!
COACHELLA VALLEY INVESTMENT OPTIONS:
Indoor to outdoor living is why so many people choose the Coachella Valley for Investments.
The Coachella Valley is still a solid place to buy a property if you’re hoping for an investment return. Especially if you like the Valley as a possible place to retire in the future, or even to visit when your property isn’t rented. Some areas of our desert cities, and most HOA governed communities, now have 30 day minimum rental restrictions, but so what? You can still cover all your carrying costs and put some money into your IRA, just not as much as before the restrictions were put into place. Call Kim Kelly, local Coachella Valley Realtor, at 760-285-3578.
The Orchard in Indio has a 30 day minimum as do most HOA governed homes.
The Coachella Valley is still very friendly to buyers that want to make some money renting their properties, just for an occasional weekend, or as an investment opportunity. It’s a GOOD thing that the Cities pay more attention to noise complaints, stuffing too many people into too few sleeping areas, letting people crash on your patios and around the pool..etc. These practices do not enhance your property values, so be glad they’re paying more attention. Be respectful of the neighborhood, keep tabs on your tenants, follow up on complaints, pay your City license fees and taxes, and count your extra income! Here’s a short break down of Desert Cities/Rental Requirements.
Palm Springs: No more than 32 rental contracts in one calendar year Plus 4 more contracts during July, August & September. Good area for investments.
Cathedral City: Currently a moratorium on new vacation rentals, that will expire shortly..CC&R’s and HOA’s must be observed.
Rancho Mirage: Short Term Rentals are possible in RM, but beware of the rules as in all Coachella Valley cities. RM has many CC&R and HOA governed communities, so know where you buy!
La Quinta: The City allows short term rentals, as long as you are careful to comply with the City rules regarding STVR’s. Again..HOA communities most often don’t allow less than 30 day contracts.
Coachella/Indio: Friendly to vacation rentals as are most desert cities. Good area for Investments as home purchase prices are a bit lower. Always observe and understand that CC&R’s and HOA Rules & Regulations may set minimum rental restrictions.
Contemporary home on 9 Acres for sale in Thermal-always beautiful to show!
5 steps to SOLD! Are you thinking about selling your property? Doesn’t matter if it’s a killer resident on a golf course, an entry level home near school, a cabin in the mountains, a mid century in Palm Springs, a piece of land, or an equestrian property..get your property ready to SELL! Contact local Realtor, Kim Kelly at 760-285-3578 for your Free property consultation.