57490 Jackson St., Thermal, CA. $2,495,000
La Dolce Vita Equestrian Estate for Sale: If you are looking for an exceptional 10 acre Equestrian Estate in the Coachella Valley, La Dolce Vita Estate will knock your socks off! Wow! The custom entry gate is right off of one of our premier Equestrian streets in Thermal, CA., Jackson St. Located at 57490 Jackson St., there is quite simply nothing like it on the market. Offered at $2,495,000, this estate is custom beyond custom. Every inch is manicured and lovingly taken care of. Talk about happy horses! At La Dolce Vita, (The Good Life), horses, humans, dogs and all critters are happy.
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HITS Thermal update:
Jumpers are preparing for the desert HITS show in Thermal, CA.
The Horsey season is about to begin here in the Coachella Valley. Both of the International Polo Clubs, Eldorado and Empire, are healing from the Desert Trip concert. What a way to make Grass NOT grow..the tromping of thousands and thousands of feet! But..Empire has dumped tons of sand on their fields to prepare them for the 2017 season, and Eldorado is watering heavily to encourage the grass to take root and flourish! What about the HITS Thermal horseshow grounds and schedule for 2017? This is going to be a storming season for Land and Equestrian Property sales. Give me a call at 760-285-3578 if you have a buyer wish list, or if you just want to find out what your property is valued at.
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Price Reductions for 2017
Eastern Coachella Valley offers Land & Equestrian Properties for sale
No matter what price point you may be interested in, or the type of property you are searching for, here are some recent price reductions for 2017, that might inspire you to step forward and write that offer! Properties in the Coachella Valley are many and varied. In general the entry level properties here in the desert, range in price point from approx. $200,000 – $300,000. You can still purchase an entry level home in certain areas of La Quinta, Palm Springs, Cathedral City, and Indio. The least expensive properties in our lower desert are mostly in our Eastern Coachella Valley. The cities of Indio, Thermal, Coachella and Vista Santa Rosa still offer some amazing deals.
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Wide Open Spaces in the desert city of Thermal, CA. Investment Opportunities abound!!
Investments in Coachella Valley. Why? There are all kinds of investment vehicles that a person can use as a means to increase wealth, increase security, and maybe just to put their money into something tangible. We’ve all been told at one time or another..there’s only so much land. When the land is gone, it’s gone. The Land in our beautiful Coachella Valley is no exception to the rule. When it’s gone, it’s gone. Right now is a great time to think about buying your own piece of land in one of our beautiful Eastern Coachella Valley cities, Indio, Thermal, Coachella, and Vista Santa Rosa. If you’re thinking of buying or selling Raw Land, Farm Land and Equestrian Properties, give Kim Kelly a call at 760-285-3578.
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Market Update; Coachella Valley
A ranch style home for Sale in the La Quinta, California Market
Coachella Valley home prices AND sales rose year over year in October of 2016 VS the same month in 2015. This is according to the data from the real estate research firm Corelogic DataQuick. There were 754 sales in the month of October in 2016. The median price was $300,000. The median just doesn’t mean that much to me, since it means that half of the sales were higher than $300,000, and half are lower than $300,000. It still remains a great time to be a Seller. I have to say that though the inventory numbers are still up there, the truth is the GREAT locations, preferred sun orientation, or highly upgraded properties still sell quickly.
Resale homes seem to be preferable to New Homes this year. New construction sales continued to stand still. Sales of new homes have dropped by double digit percentages for the last 7 months. The drop from last year this time in the new homes market is approx. 44%! That is astonishing. I think the higher inventory numbers help this statistic, since buyers will tend to go to the best “deal.”
Price/ square foot varies greatly through our Valley Market
Golf course homes in the La Quinta Market prices vary greatly
Generally speaking, the price/sf. of each development within each of our 9 desert cities, has not changed much from last year. It’s either stood still, or dropped a bit. Corelogic found that our Coachella Valley median price/sf is $167. In my world that is a REALLY good value. I don’t see that low of a price/sf., other than in very select communities, such as the La Quinta Cove, North La Quinta, some in South Palm Desert, Cathedral Cyn. Cove..definitely NOT the norm within the gated communities as a whole. The median comes from the very low price/sf of $109/sf in Desert Hot Springs, $228/sf in Palm Springs, and ranging up to $700/sf at Bighorn and Madison Club in La Quinta.
Price/Acre in our Eastern Coachella Valley market
Land Sales in the Eastern Coachella Valley continue to increase. It is not a crazy, hot market, such as in 2005/06, when the developers were scooping up large swaths of land at $100-$175,000/acre. However, the price/acre for Vacant Land, Agricultural Land, and Equestrian Properties is quite steady. As with Residential properties, the closer a farm/land is to the city amenities, the higher the price/acre. As a buyer moves more Easterly, through Vista Santa Rosa, Indio, Coachella and into Thermal, the price/acre drops. Price/acre varies from approx. $20,000 to approx. $75,000/acre for vacant land that has water, fencing, perhaps being leased for farming. Add a house, add a barn, add other amenities, and the price/acre is closer to $45,000/acre for a GREAT buy! Take the tour of Chocolate Mountain Farm in Thermal California. 20 Acre horse layup farm, Ag Water Plus a private Well (installed in 2016), and a small barn…
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LA QUINTA BEST BUYS
Living room to lake to mountains..wow!
The season is almost here, and it is smokin busy here in the low desert cities of Palm Springs, Rancho Mirage, Palm Desert, Indian Wells, La Quinta and Indio. Today I’ve got some fantastic buys in the City of La Quinta. La Quinta Best Buys!!
The first property is 55775 Pebblebeach, La Quinta. This incredible custom home on the lake at the Stadium course in PGA West is unmatched. Drama, grandeur, WOW factor..this 4600+ sf home has it all. Open the front door to the Great room with 14 ft. ceilings, dining, wet bar, great room and kitchen all in one, with stunning lake to mountain views from the pocket doors. Realize the true Indoor/outdoor lifestyle from the turnkey custom home offered at only $1,699,000. The successful lease history comes with it as it is an executive luxury lease property generating approx. $100,000 a year, with room to grow. A La Quinta Best Buy.
46770 Cameo Palms Dr., La Quinta
Looking for an entry level home that has zero HOA’s, a large pool sized yard in a fantastic neighborhood? 46770 Cameo Palms Dr., La Quinta, offered at just $262,000, could be the one. This zen like California bungalow, is located in a non-gated community of Highland Palms. Walk across Washington to Trader Joe’s Lowe’s, Target or the new Movie theatre. Only 92 homes in the community, this is currently the only home listed in Highland palms.
Offering a meticulously maintained 2 bedroom/2bath, great room, and open kitchen plus a 2 car attached garage, this property is gorgeous. Desert scape with walking paths, fountains, and conversation areas, and those startling mountain views!!
56670 Merion, La Quinta, PGA West $429,000
The third La Quinta Best Buy is located at PGA West, La Quinta on the Nick Private course. This detached Condo
is approx. 2600 sf with 3 bedrooms and 4 bathrooms, and offers great views overlooking the 8th fairway at the Nick Private course. 56670 Merion Dr., La Quinta is offered furnished for $429,000. Definitely aggresively priced compared to the com parables, this Fairway II has great bones, but needs some updating and so is priced to sell.
Call me if you’re looking to buy or sell your home, land, or equestrian property. I am a 35+ year local and KNOW the valley! Call me at 760-285-3578 to set up a tour or consultation today.
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PGA West in La Quinta, CA.
PGA West Condo Coming next week! Sometimes I get a listing that I just know is going to sell really quickly. Listed at just $429,000, furnished, this stately Condo at 56670 Merion, La Quinta, CA., is one of them. Located at the PGA West Nicklaus Private course in La Quinta, on an elevated corner lot, this detached condo offers approx. 2645 sf. There are three spacious bedrooms and 4 bathrooms, with a Great room, formal Dining area, as well as the Den/office just off the kitchen. For many people, a Condo is a perfect solution to a winter home in the desert. PGA West also offers a user friendly climate as a Luxury Lease property. To schedule your private tour, give Kim Kelly a call at 760-285-3578.
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Do you want your Pool on the fairway, or more private?
To live On or Off Fairway, is the choice for buyers looking for golf course homes to buy. The Coachella Valley offers a myriad of options for people choosing to purchase a home in a Golf Course community. All of our desert cities offer golf course communities. Some cities like Indian Wells and La Quinta offer both Gated and Non-gated Golf course communities to choose between. La Quinta, our newer desert city offers many golf enthusiasts choices, including the Public course, Silver Rock Golf Course. If you’re committed to buying your new home in a golf course community, there will be several location options within the club itself.
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Tally Ranch, a private party Venue in La Quinta, CA.
La Quinta Equestrian Estate: Back on the market for the season, and my sellers are SERIOUS! Total price reduction of $750,000 to our new List Price of $3,200,000. An independent appraisal was done in August of 2016, and that is what we have based our reduced List Price on. 55075 Monroe St., in La Quinta is a turnkey 4 acre estate, located near to the Coachella Music Festival grounds. This property has an estimated 6% CAP rate based on the current list price return as a Luxury Lease Event site! That means you could buy your dream Equestrian estate, stay in it for the winter, and lease it out (not the barn/paddocks!) for the 5 Music Festival weekends, or as many events as you are open to. Call me for your personal tour today. 760-285-3578
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Date farms are numerous in our Coachella valley
Dates and Coachella: Dates go with the City of Coachella like Sun block goes with triple digit heat..they just ARE! Our Date growing Valley produces multi varieties of the sweet, juicy fruit. Boxes of dates are shipped internationally and the demand for our local delicacy seems to be growing. Our Eastern cities such as Indio, Vista Santa Rosa, Thermal and Coachella, grow the majority of our dates. The history of one of our local Date growers, Shields, will help you understand what an important part of our local industry, our dates are.
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