71777 Frank Sinatra Dr - Commercial LAND FOR SALE


Rancho Mirage, CA 92270 4,547,664 SF
$24,000,000 USD
562-692-7876
71777 Frank Sinatra Dr, Rancho Mirage, CA for Sale
$24,000,000 USD
Commercial LAND - FOR SALE
1/8
4,547,664 SF

71777 Frank Sinatra Dr
Rancho Mirage, CA 92270


HIGHLIGHTS

  • Fully entitled Planned for 79 Beds with additional expansion potential.
  • Existing golf course and resort-oriented infrastructure on site.

OVERVIEW

The sale includes a premier golf course resort property with a significant covered land development component. The property features an approximately 17.2-acre development site that is fully entitled for 79 beds as part of a residential resort/Hotel, with expectations for approval of up to 108 units if pursued by buyer. The development agreement with the City of Rancho Mirage extends through 2038, providing long-term entitlement certainty and future value-add potential. Planned improvements include boutique hotel residences, resort amenities, event facilities, spa and restaurant components, replacing the existing driving range while incorporating a new state-of-the-art golf practice area with 16 Trackman simulator bays. The transaction presents a unique opportunity to acquire an existing hospitality and golf asset while capitalizing on a shovel-ready entitled development project in the Coachella Valley.

FOR SALE DETAILS

PRICE

$24,000,000 USD

PRICE/ACRE

$229,885/AC

PRICE/SF

$5 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Multi-Family, Hospitality, Apartment Units - Condo, Golf Course/Driving Range, Health Club, Hotel, Planned Unit Development

LAND ACRES

104.4 AC

LAND SF

4,547,664 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

AOS

APN/PARCEL ID

688-040-001

ASK ABOUT THIS PROPERTY

Kurt YackoDAUM Commercial Real Estate ServicesMore Info
562-692-7876

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Kurt YackoDAUM Commercial Real Estate ServicesMore Info
562-692-7876

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.