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$ 20,000,000
Est. payment /mo
Active
0 APN #766110005 La Quinta, CA 92253
12.39 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26133689
HOA Y/N No
Lot Size 12.390 Acres
Property Description
Unique opportunity for investors and developers. In addition to an outright sale, Seller may consider a short-term partnership or other creative structure with a qualified party. Exceptional opportunity to acquire an entitled residential parcel approved for 20 single-family homes, strategically positioned within the highly anticipated Travertine master-planned development in South La Quinta. After more than 25 years of planning, Travertine received full City of La Quinta approval in August 2024—creating an opportunity to enter at the ground floor of one of the Coachella Valley's most significant master-planned communities.
Spanning approximately 855 acres, Travertine is approved for up to 1,200 residences, a boutique resort hotel and spa, world-class golf academy and training complex, resort villas, restaurants, banquet facilities, two community parks, over 5 miles of public trails, and more than 300 acres of permanently preserved natural open space. Nestled at the base of the Santa Rosa Mountains near Jefferson Street, with Loop Road West and Loop Road East planned as internal roads, this parcel offers breathtaking mountain views and access to planned community amenities.
Entitlements are secured under City Council Resolution No. 2024-034—eliminating re-approval risk and delivering immediate value. Infrastructure is breaking ground, neighboring communities include Trilogy, Andalusia, and Coral Mountain, and resort development is underway.
The seller has substantial experience working with developers and public entities on major land transactions. In Diamond Bar, California, the seller owned raw land associated with a 500+ unit development that was ultimately sold to the City of Industry for approximately $16 million in 1983. More recently, the seller partnered with Kelsey Properties on an approximately 30-acre parcel of raw, unentitled land in La Quinta that sold in 2008 for more than $230,000 per acre.
The seller currently owns approximately 54 acres in La Quinta, a portion with existing entitlements. The property is contiguous with a major development, fronts a major roadway, and is positioned in an area targeted for continued development. According to the seller, the City of La Quinta has expressed interest in seeing the property developed. Its location, entitlements, road frontage, and proximity to established development present a compelling opportunity for an experienced developer or development partner.
Spanning approximately 855 acres, Travertine is approved for up to 1,200 residences, a boutique resort hotel and spa, world-class golf academy and training complex, resort villas, restaurants, banquet facilities, two community parks, over 5 miles of public trails, and more than 300 acres of permanently preserved natural open space. Nestled at the base of the Santa Rosa Mountains near Jefferson Street, with Loop Road West and Loop Road East planned as internal roads, this parcel offers breathtaking mountain views and access to planned community amenities.
Entitlements are secured under City Council Resolution No. 2024-034—eliminating re-approval risk and delivering immediate value. Infrastructure is breaking ground, neighboring communities include Trilogy, Andalusia, and Coral Mountain, and resort development is underway.
The seller has substantial experience working with developers and public entities on major land transactions. In Diamond Bar, California, the seller owned raw land associated with a 500+ unit development that was ultimately sold to the City of Industry for approximately $16 million in 1983. More recently, the seller partnered with Kelsey Properties on an approximately 30-acre parcel of raw, unentitled land in La Quinta that sold in 2008 for more than $230,000 per acre.
The seller currently owns approximately 54 acres in La Quinta, a portion with existing entitlements. The property is contiguous with a major development, fronts a major roadway, and is positioned in an area targeted for continued development. According to the seller, the City of La Quinta has expressed interest in seeing the property developed. Its location, entitlements, road frontage, and proximity to established development present a compelling opportunity for an experienced developer or development partner.
Location
State CA
County Riverside
Area 699 - Not Defined
Zoning RL / Specific Plan
Interior
Fireplace No
Exterior
Community Features Rural
View Y/N Yes
View Mountain(s)
Building
Lot Description 16-20 Units/Acre
Water Public
New Construction No
Others
Senior Community No
Tax ID 766110005
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
Virtual Tour https://www.travertinelot.com/
Listed by Shannon Daniele HomeSmart Realty Group 562-256-5779, DRE #01321686