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Lot/land
  • Listing Provided by: 

    Ethan Mezrahi DRE #02088186 760-799-6344,

    Real Brokerage Technologies

    $1,625,000

    68537 Grove St, Cathedral City, CA 92234

    --beds
    --baths
    0.72Acres
    Unimproved Land
    Built in ----
    0.72 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Outstanding visibility
    Outstanding vacant land development opportunity in the booming core of Cathedral City. This assemblage of five contiguous APNs, intended to be merged into a single parcel, offers an ideal site for a future 15-unit apartment project. Professional design plans and concept renders for the proposed building are included, providing a clear vision of the development potential and placing the project near ready for submittal to the Planning Department. Located within a designated Opportunity Zone, the property offers significant tax-advantaged investment benefits. The site is directly adjacent to The Jasper, a brand-new Class A development now under construction, and is just moments from the sought-after Cathedral City Cove community and the revitalized, fast-growing downtown district featuring new restaurants, retail, and entertainment. With excellent proximity to Highway 111 and major employment centers, this parcel delivers outstanding visibility, strong fundamentals, and exceptional long-term upside. This is a rare chance to build in one of booming Cat City's most active and desirable growth corridors.
    12 days
    |
    44
    |
    3
    |

    Zillow last checked: 8 hours ago

    Listing updated: December 03, 2025 at 10:12am

    Listing Provided by:

    Ethan Mezrahi DRE #02088186 760-799-6344,

    Real Brokerage Technologies

    Source: CRMLS,MLS#: 219139423DAMLS LogoOriginating MLS: California Desert AOR & Palm Springs AOR

    Facts & features

    Property

    Features
    • Has view: Yes
    • View description: Mountain(s), Panoramic
    Lot
    • Size: 0.72 Acres
    Details
    • Parcel number: 687197004
    • Special conditions: Standard

    Utilities & green energy

    • Sewer: Unknown

    Community & HOA

    Community
    • Subdivision: Cathedral City Cove
    Location
    • Region: Cathedral City

    Financial & listing details

    • Tax assessed value: $80,875
    • Annual tax amount: $2,141
    • Date on market: 12/1/2025
    • Listing terms: Cash to New Loan,Contract,1031 Exchange

    Estimated market value

    Not available

    Estimated sales range

    Not available

    $1,808/mo

    Price history

    Price history
    DateEventPrice
    12/2/2025Listed for sale$1,625,000+3747.7%
    Source: Greater Palm Springs Realtors #219139423 Report a problem
    3/25/1998Sold$42,233+5.6%
    Source: Public Record Report a problem
    2/17/1994Sold$40,000
    Source: Public Record Report a problem

    Public tax history

    Public tax history
    YearProperty taxesTax assessment
    2025$2,141 +31.1%$80,875 +128.6%
    2024$1,633 -0.2%$35,373 +2%
    2023$1,636 -0.2%$34,680 +2%

    Find assessor info on the county website

    BuyAbility℠ payment

    Estimated monthly payment
    All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
    HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
    Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
    See how much you could borrow to make a competitive offer.

    Boost your down payment with 6% savings match

    Earn up to a 6% match & get a competitive APY with a *. Zillow has partnered with to help get you home faster.

    Learn more*Terms apply. Match provided by Foyer. Account offered by Pacific West Bank, Member FDIC.

    Climate risks

    Neighborhood: 92234

    Nearby schools

    GreatSchools rating

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