68537 Grove St Cathedral City, CA 92234
Downtown Cathedral City NeighborhoodEstimated payment $10,181/month
Highlights
- Panoramic View
- 0.72 Acre Lot
- 3-minute walk to Town Square Park
About This Lot
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.
Property Details
Property Type
- Land
Lot Details
- 0.72 Acre Lot
Property Views
- Panoramic
- Mountain
Community Details
- Cathedral City Cove Subdivision
Listing and Financial Details
- Assessor Parcel Number 687197004
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/26/2025 11/26/25 | For Sale | $1,625,000 | -- | -- |
Source: California Desert Association of REALTORS®
MLS Number: 219139423
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