Cocoa Palms is an approved / shovel-ready 173-lot subdivision located in southeast Indio near the well-known Indian Palms Country Club. The property is ready for the Buyer to step in and begin work with minimal schedule risk. The minimum lot size is 6,000 square feet. The project status is as follows: 1.The City of Indio is completing its final review of the improvement plans. 2. The final map was approved by the City on 4/20/2022. 3. TValley Sanitary District is reviewing the sewer plans. 4. Indio Water Authority Irrigation and the Coachella Valley Water District are reviewing the water plans. The property was graded approximately 15 years ago, and the Buyer will need to re-certify the lots. The utilities are to the site boundary. The Seller has preliminary analysis for a Statewide Community Infrastructure Program (SCIP) special tax to fund specific fees showing a maximum tax of 1.81%. The total revenue per lot to be applied to project costs in the analysis is $14,900.
- Price:
- $12,110,000
- Acreage:
- 38.00
- Listing ID #:
- OC22123417
- Street Address:
- 0 Jackson Street
- City:
- Indio
- State:
- California
- Postal Code:
- 92201
- County:
- Riverside
- Community:
- Indio South Of East Valley
- Subdivision:
- Other (othr)
- Listing Status:
- Active
- Listing Type:
- Land
- Approximate Lot Size Range Source:
- Assessor
- Conforms To Zoning:
- A1
- Lot Features:
- 36-40 Units/Acre
- Lot Size:
- 38
- Lot Square Footage:
- 1655280
- Road Frontage Type:
- City Street
- Community Features:
- Biking, Golf, Suburban, Sidewalks, Valley
- On Market Date:
- 2022-06-08
- Originating Mls:
- Crmls
- Terms:
- Cash
- Subdivision:
- Other (othr)
- Hoa Y/N:
- Yes
- Existing Water:
- Public
- Utilities:
- Cable Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Agent Harry Fotinos with Harry Fotinos
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