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.
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
- 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#: 219139423DA
Originating 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
| Date | Event | Price |
|---|---|---|
| 12/2/2025 | Listed for sale | $1,625,000+3747.7% |
Source: | ||
| 3/25/1998 | Sold | $42,233+5.6% |
Source: Public Record Report a problem | ||
| 2/17/1994 | Sold | $40,000 |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax 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
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Neighborhood: 92234
Nearby schools
GreatSchools rating
- 7/10Rancho Mirage Elementary SchoolGrades: K-5Distance: 3.7 mi
- 4/10Nellie N. Coffman Middle SchoolGrades: 6-8Distance: 1.5 mi
- 5/10Cathedral City High SchoolGrades: 9-12Distance: 1.9 mi
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