2 Karen Ave

Desert Hot Springs, CA
$ 24,900,000 Beds 0 Baths 0
Monthly Estimate* How much can I afford?

AVAILABLE FOR SALE OR LONG-TERM LAND LEASE. Sunset Ridge offers a rare approved Specific Plan on approximately 160 Acres located within the City of Desert Hot Springs within minutes of Downtown Palm Springs. The previous Tentative Tract Map was approved for 5,500 to 16,000 sq. ft. lots, however, the zoning allows up to 5DU/acre which could yield as many as 800+/- potential units (Buyer to Verify). This opportunity is ideal for a build-for-rent developer, homebuilder, or savvy investor interested in a rare land-banking opportunity to acquire one of the largest developable parcels in the entire Coachella Valley. With panoramic views and close proximity to both downtown Palm Springs and the I-10 freeway, significant home price premiums or rents are expected. Opportunity Highlights: The property consists of 160 Acres with breathtaking panoramic views. The 'Sunset Ridge Specific Plan' is approved and valid, with zoning for up to 800+/- potential lots (5 dwelling units per acre), and previously had an expired Tentative Tract Map for 499 homes, ranging in size from 5,500 square feet to 16,000 square feet. All necessary reports are available for review for the above current and previous approvals. Sunset Ridge is officially recognized by the City of Desert Hot Springs in its 2021-2029 Housing Element (p. D-8) in connection with its state-mandated housing quotas, potentially reducing any political or entitlement risks. The property is also immediately adjacent to Skyborne, a massive residential community with actively-selling homebuilder (Lennar). The location is approximately a 15-minute drive to downtown Palm Springs and approximately a 5-minute drive to I-10 Freeway. The property is on a paved road with all utilities (Buyer to Verify), and a recently-built fire station in place. The property was last appraised (in 2005) for $27,500,000. The option to pursue a long-term ground lease allows a developer or investor to acquire a trophy residentially-zoned proper

Single Family

  • Price
  • $ 24,900,000
  • City
  • Desert Hot Springs
  • Bedrooms
  • 0
  • Full Bathrooms
  • 0
  • County
  • RIVERSIDE
  • Half Bathrooms
  • 0
  • Area
  • Desert Hot Springs
  • Lot Size
  • 160 Acres
  • Zip
  • 92240
  • Style
  • MLS#
  • 219132097DA
Listed By: Erik Christianson with The Hoffman Company
Data Source: Combined LA/Westside MLS (CLAW)

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Beverly Hills, CA office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

6/30/2025 Listed $24,900,000

Property vs Zip Code Average in 92240

Price
AVG $430K
$24.9M
Visits
AVG 159
148
Data Provided by Inside Real Estate®

Areas That We Cover

2 Karen Ave Desert Hot Springs, CA is a Single Family Home for sale at $24900000 and a lot size of 160 Acres Acre(s). 2 Karen Ave Desert Hot Springs has 0 bedrooms, 0 baths . The property's zip code is 92240 which is in Desert Hot Springs, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Karen Harrosh

Karen Harrosh

310-388-3455

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