$20,000,000

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.