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.
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!