Is it a good time to Land Bank in the Coachella Valley? As our Peak Season comes to an end in our desert cities, Kimberley Kelly, Land & Equestrian Property specialist in the Coachella Valley, thinks it is! Investments in real estate on an International level, are certainly off the charts. Chinese investors, have merged together to pick up properties, in San Francisco, Beverly Hills, our coastal cities, Canada, and Texas. What’s driving the Residential and land investments in real estate? Locally, there are several things driving the investors to pick up Land and Equestrian Properties here in the desert cities. Check out our local Land stats here, and give me a call at 760-285-3578 to schedule your Land tour..
Land parcels, starting at approx. 3 acres to farms of approx. 80 acres, and on up to over 600 acres, are still available in our Eastern Coachella cities. La Quinta has some smaller land parcels still remaining, and some stellar Equestrian Properties such as 55075 Monroe St., La Quinta. However, if you’re thinking of Land Banking, which essentially means buying Land, and sitting on it, for awhile, you would want to be further East. The cities of Indio, Coachella, Thermal, Vista Santa Rosa, and Northern Indio to Mecca, are our Ag cities. Dates, Vineyards, various citrus and multitudes of vegetables, are all grown in our extremely fertile Coachella Valley.
The least expensive parcel with a home of any kind on it is in Thermal, on 3 acres and listed at $389,000. CVWD water for Ag + a private well, and a good location make this little place interesting. Down the street is one of the BEST values in an Equestrian parcel in the entire Eat Valley. Also in Thermal, 84455 61st Avenue is offered at $899,000. Including 2 mobiles, completely fenced with an electronic gate, and 2 barns, a track, multiple paddocks, and a triple garage, this place is neat, tidy, and ready to roll! Take the video tour below.
ACTIVE LISTINGS:
85501 61st St., 20 acres, well + CVWD ag water, small home + mobile home and a 10 horse barn with grooms’ quarters. Offered at $1,500,000
The last remaining large parcel of land near the hustle and bustle of la Quinta, is an 80 acre horse farm in Coachella at 52855 Jackson St. is available at $75,000/acre. Vacant land parcels are still available in solid areas for $25,000/acre to $52,000/acre, depending on fencing and water availability.
RECENT SALES OF LAND, AND HOMES ON LARGER LAND PARCELS:
2 acres with a 1999 build home of approx. 4,700 sf. in Indio near the Coachella Music Festival Polo grounds. SOLD FOR $960,000.
32 Acres of Vacant Land in North Indio, Vista Del Norte in Coachella for 2 million
39 acres of Ag land on the corner of 86/58th in Thermal for approx. $26,000/acre.
Home of approx. 5,000 sf. on approx. 30 acres in Thermal. Property needed TLC, but is near enough to the Festivals to generate Festival income, or Ag income..or both! Closed at 2 million cash.
If you’re thinking of buying Land or an Equestrian property in the Low or High desert, give Kim Kelly a call at 760-285-3578. Take the tour of an incredible 10 acre farm located at 84455 61st Ave. in Thermal, CA.