274.91 ACRES NEXT TO LA QUINTA, CA
ORGANIC DATE RANCH
FEATURES
- 274.91 stunning acres just two miles to the acclaimed Madison Club, and three miles to the Music Festival Grounds
- Prime Coachella Valley Organic Date Ranch
- In Opportunity Zone, with potential tax incentives
- In the sphere of influence of the City of La Quinta
- In an area of many exclusive equestrian estates
- Breathtaking views of the Santa Rosa Mountains
- Near Jacqueline Cochran Regional Airport and Desert International Horse Show
ASKING PRICE: $20,618,250 ($75,000/AC)
VICINITY MAP
Amenities
- Location: Property is located at south of Avenue 58 in Vista Santa Rosa, CA
- Zoning: A-1-20 (Light Agriculture, 20-acre min. lot size)
- General Plan: Agriculture
- APNs: 764-260-008 (39.09 AC), 764-250-001, 002, 003, 004, 005, 006, 007, 015
- Utilities:
CVWD Irrigation Water, Domestic Wells, & Septic
Water: 18” DIP Line on Ave 58/Monroe St
Sewer: 18” Main Line on Ave 58 - Current Use: Organic Date Ranch and various structures
- Terms: Cash
- Comments: Close to shopping, restaurants, and golf in the immediate path of growth. In the sphere of the City of La Quinta. Close proximity to Empire Polo Grounds, home of Coachella & Stagecoach Music Festivals. Two miles to exclusive Madison Club. Close to fine dining and shopping at Old Town La Quinta.
PRODUCTION
39.09 AC (Rogers 40)
| Year | Medjools | Deglets |
| 2019 | 15,765 | 290,181 |
| 2020 | 3,895 | 244,940 |
| 2021 | 21,186 | 331,488 |
| 2022 | 15,470 | 413,900 |
235.82 AC (Rogers 240)
| Year | Medjools | Deglets | Barhi |
| 2019 | 616,558 | 1,407,286 | 11,812 |
| 2020 | 746,109 | 1,485,820 | 11,352 |
| 2021 | 833,100 | 1,948,710 | |
| 2022 | 692,057 | 1,722,980 | 20,000 |
TREE COUNTS
39.09 AC (Rogers 40)
| Tree Counts | |
| Medjools | 65 |
| Deglet | 1,235 |
235.82 AC (Rogers 240)
| Tree Counts | |
| Medjools | 4,357 |
| Deglet | 9,426 |
| Barhi | 19 |
| Total | 13,802 |
WHAT IS AN OPPORTUNITY ZONE?
Why is investing in an Opportunity Zone better than a 1031 Exchange?
Temporary Deferral: Similar to a 1031 Exchange.
Step-up in Basis: After 5 years capital gains basis is increased by 10% and by an additional 5% if held for at least 7 years, thereby excluding up to 15% of the original gain from taxation.
Permanent Exclusion: After 10 years the capital gains are permanently excluded from taxable income.
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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warrant or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions assumptions or estimates used are for example only, and do not represent the current or future performance of the property. ref: 06/02/23 JC
Susan Harvey, Broker
[email protected]
Cell: 760.250.8992
DRE License #00957590
Ranked #1 in the Coachella Valley for Commercial Real Estate
Paula Turner, Broker
[email protected]
Direct: 760.766.0511
Cell: 760.578.6564
DRE License #00702492