Asking Price: $24,950,000

'CORAL CANYON' consists of 80+/- developable residential acres, (with potential for hospitality/resort development use) situated on a total of 323+/- scenic acres (approx. 80 developable acres) in the Santa Rosa foothills in luxurious south La Quinta. The subject property is located just south of the exclusive 'The Quarry Golf Club'. The development site provides picturesque mountain and/or valley views. Coral Canyon is minutes away from three other large golf courses, The Golf Club @ La Quinta, PGA West, and Andalusia at Coral Mountain. Also, within a few miles, future hospitality customers will have access to many restaurants, shopping, Lake Cahuilla, and world-class resorts. Coral Canyon will be an opportunity for a developer to provide outstanding luxury resort product, focusing on health and wellness, to compliment one of the most scenic and well-located developable properties in the Coachella Valley. Bordered by The Quarry to the north, BOR land to the east, BLM property to the south and the Santa Rosa & San Jacinto Mountains National Monument to the west, Coral Canyon is the best and one of the last developable 'cove' parcels in the entire valley. The gently sloping terrain on which the resort will be built rises up onto a hillside resulting in premium views. Dramatic mountains and rock formations, which create a scenic, natural seclusion (are found only in the most exclusive developments in the valley), frame the core development area of Coral Canyon.