Are Chinese Investors headed our way??? It would seem that we are on their radar. Chinese cash is flooding American Real Estate markets. I have many clients from Vancouver, B.C., and have been hearing of the influx of big money into Canada for the past several years. The Coastal cities, San Francisco, and New York and Manhattan of course, have seen their share of mega dollars from the Chinese as well. Texas appears to be a new frontier, according to some because of it’s wide open spaces. Hmmm…is desert land in our Coachella Valley on the Chinese radar, asks Kim Kelly, local Realtor specializing in Land and Equestrian properties in the Coachella Valley.
I have been showing all of my land/equestrian estates regularly and even more so now as we head into the end of the season. I just closed a large property within the PGA West golf development to a Chinese couple. They and their friends have discovered how incredible our winters are, and also tell me that there is a rather large community of Chinese here in the desert. I know that we have a vibrant Korean and Philipino population as well, and I was wondering when the Chinese money would begin showing itself in our Valley. What’s not to love??? Uber Luxury homes are available at The Madison Club in La Quinta, Bighorn in Palm Desert, Clancy Lane in Rancho Mirage, and of course scattered throughout our winter wonderland cities.
A La Quinta Investment Opportunity would surely look like Tally Ranch at 55075 Monroe in La Quinta. This incredible Equestrian Estate sits on one of the few remaining larger parcels of land available in the rapidly expanding city of La Quinta, California. Priced to sell at just $3,999,000 for 4+ acres, an exquisite farm house of approx. 4100 sf, large Casita with an overhead sky deck, and a mesmerizing outdoor party Pool area. There are multiple grass paddocks, and a custom built, 6,000 sf barn. The Barn could be converted into a luxury car showroom, by removing the 8 stall partitions. What about converting the Barn into guest quarters? There is already a beautiful Lounge with a fieldstone fireplace, and two bathrooms, so why not?
Or perhaps, the buyer of Tally Ranch, will appreciate that this farm is surrounded by the open fairways of PGA West, assuring that these mesmerizing Southern Mountain Views will be protected. Security is ensured with the nearby development of the very upscale houses of Griffin Ranch and Monterra. What a rare opportunity to own a parcel that could be developed into single family residences down the road! While your Plans and Permits are being approved by the City of La Quinta, enjoy the fabulous Tally Ranch yourself, OR turn the property over to a Luxury Lease Company! 55075 Monroe St. is a short drive from the Internationally renowned Coachella Music Festival, Polo Clubs, The Thermal Club, and the HITS horse show grounds. Watch the video below….