36 18 ac Portola/Dinah Shore, Palm Desert, CA 92211

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ACCEPTING OFFERS UNTIL MARCH 31, 2011

Lender Owned!! 36 acres mixed use near University Park, Palm Desert. General Plan calls for Residential up to 22 units per acre, and Business Park. The Gallery by Ponderosa Homes, an upscale residential community is adjacent to the property on the south side. Monterey Shore, a new office/business Park is adjacent to the property on the west. The City owned Desert Willow Golf Course is just south of the property with plans for a five star hotel. A future interchange is planned for Portola and I-10. Site Overview: There is a fully signalized intersection at Dinah Shore and Ave 35. A 100' right of way will need to be dedicated upon construction of freeway interchange. Parcel # 694-130-004 will need to make a $61,369 contribution for the lining of the Mid-Valley Channel prior to any permits being issued. Area Overview: The Property is adjacent to University Park, a fully improved and well maintained Master Planned Community in Palm Desert. The area includes the desert campuses of CSU San Bernardino and UC Riverside. To the South of the subject property is Ponderosa Home's Gallery. To the west of the property is Monterey Shore business Park. To the North is I-10.