Pueo Palm Springs offers a rare opportunity to acquire a fully entitled luxury residential development in the heart of Palm Springs. This boutique community consists of eight detached single-family residences on expansive 13,000+ SF fee simple lots (no land lease), each designed as a 2,927 SF single-level modern home with 3 bedrooms and 4 bathrooms, plus an optional 780 SF ADU featuring 1 bedroom and 1 bathroom. The contemporary architectural design maximizes indoor-outdoor living while capturing spectacular panoramic mountain views from every homesite. Located in a premier central Palm Springs neighborhood of Sunmor, the project is just minutes from downtown shopping, dining, entertainment, golf, and all the amenities that define the Palm Springs lifestyle. A significant development milestone has already been achieved. The project has completed the entitlement process and received approvals from the City of Palm Springs Planning, and Architectural Review Committee (ARC). Tentative Tract Map (TTM) No. 38049 has been approved pursuant to Resolution No. 1074, subject to the City's Conditions of Approval, substantially reducing entitlement risk and shortening the development timeline. Development opportunities of this size and quality are increasingly rare in Palm Springs. With only eight luxury residences, oversized fee-simple homesites, approved modern architecture, and a fully entitled subdivision in one of the city's most desirable locations, Pueo Palm Springs presents an exceptional opportunity for developers, builders, or investors seeking a premier luxury residential project.
Vacant landProperty Type
2.53 acresLot Size
$1,561,265Price/Acres
Listed by Neil Curry•DRE #01863952• Black Label Real Estate Group
•760-285-2349 (agent)
•neil@blacklabelregroup.com (agent)
Listed by Thomas Eitzinger•DRE #02010707• Black Label Real Estate Group
Sunmor, located between E Vista Chino and E Racquet Club Rd, is a mid-century and residential Palm Springs neighborhood with broad streets and mountain views. The neighborhood’s character concentrates around the Palm Springs Visitor Center at N Palm Canyon Dr and E Tramview Rd, where desert-modern lines meet a steady flow of design-minded stops. Sunmor’s low-slung homes, breeze-block details, and carport-forward facades read as classic postwar Palm Springs. The Palm Springs Air Museum adds runway-side energy just to the east, while Ruth Hardy Park frames the area with lawns and tennis courts. Koffi North anchors the coffee ritual nearby, and the Palm Springs Aerial Tramway sets a dramatic horizon line to the west.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Mountain view
Exterior features
No fencing
Public street access
5+ lots (subdivision parcel)
Approved tentative tract map for an eight-home subdivision
Has view of mountains
Home design
Single family subdivision / residential use
Zoned R-1
Construction
Composition shingle roof
Fee simple land
Utilities
Mutual water source (Desert Water Agency)
Public sewer hookup available
Telephone service available
HOA & community
Not a gated community
Financial info
Listing accepts Conventional, 1031 Exchange, Cash to New Loan, or Cash
Sale includes approved TTM 38049 and subdivision-related plans and reports (geotechnical report, grading and street improvement plans, structural/architectural/MEP/title 24, water plans)
Other
Rent controlled (multi-unit info)
ADA compliant (multi-unit info)
Has elevator (multi-unit info)
Electricity and solar
View estimated energy costs and solar savings for this home
Now offering for sale the rare opportunity to develop eight custom homes on fee land in the Sumnor neighborhood of Palm Springs where short-term rentals are allowed. This 2.53 acre parcel of land recently went through the complete entitlement process with The City of Palm Springs to change the zoning from industrial to residential, allowing for eight individual residential parcels. This parcel has an approved tentative tract map, with the final approved tract map, civil plans, and onsite bids in process. Don't miss out on your chance on this unique development opportunity in the thriving Palm Springs market!
GPSMLS #219098499
Dec 21, 2023
Listing Removed
—
Aug 10, 2023
Listed
$1,750,000
GPSMLS #219093526
Aug 10, 2023
Listing Removed
—
Jun 2, 2023
Listing Removed
—
Apr 12, 2023
Listed
$1,750,000
GPSMLS #219083480
Mar 10, 2023
Listing Removed
—
Feb 22, 2023
Listing Removed
—
Feb 5, 2023
Price Changed
$2,250,000
Oct 6, 2022
Price Changed
$2,500,000
Sep 15, 2022
Price Changed
$2,750,000
Aug 22, 2022
Listed
$2,950,000
GPSMLS #219088831
Jan 5, 2023
Listing Removed
—
Jan 3, 2023
Listed
$550,000
GPSMLS #219078967
Nov 11, 2022
Listing Removed
—
Oct 6, 2022
Price Changed
$550,000
Jul 23, 2022
Price Changed
$599,000
Jun 15, 2022
Price Changed
$699,000
May 19, 2022
Listed
$750,000
GPSMLS #4907796
Oct 30, 2002
Listing Removed
—
Feb 23, 2001
Listed
$440,000
As the MLS and public records start to fill up, we'll list the details here.
Public record
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Vacant Land
County
Riverside County
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Last updated by owner on Apr 12, 2023.
Historical weather
Palm Springs, CA • 92262
Average low and high temperatures (°F)
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Sun exposure
92/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 11% for direct sun exposure in Palm Springs. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
11.1 hrs
7.3 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 2700 E Alejo Rd
$3,568,684
$381K under list price of $3.95M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $1.2M to $2.3M.