Coachella Valley, La Quinta, CA 92236

“Coral Canyon” consists of a previously entitled 219 approved tentative map lots (now expired) situated on 323± acres in the Santa Rosa foothills in luxurious south La Quinta. The subject property is located just south of the exclusive “The Quarry Golf Club” (community with mostly $1.75M to $4M re-sale product), and all of the lots are plotted to provide home owners with picturesque mountain and/ or valley views. Coral Canyon is minutes away from three other large golf course-oriented residential projects, The Golf Club @ La Quinta, PGA West and Andalusia at Coral Mountain. Also, within a few miles, future home owners have access to many restaurants, shopping, Lake Cahuilla, and world-class resorts. Coral Canyon will be an opportunity for a homebuilder (or potential resort hospitality developer) to provide outstanding luxury product to compliment one of the most scenic and well-located developable properties in the Coachella Valley. Bordered by The Quarry to the north, BOR land to the east, BLM property to the south and the Santa Rosa & San Jacinto Mountains National Monument to the west, Coral Canyon is the best and one of the last developable “cove” parcels in the entire valley. The gently sloping terrain on which the residences will be built rises up onto a hillside resulting in premium elevated view lots. Building pad elevations range from 70-170 feet above sea level. Dramatic mountains and rock formations, which create a scenic, natural seclusion (are found only in the most exclusive developments in the valley), frame the core residential area of Coral Canyon.

La Quinta is known as one of the most beautiful cities in the Coachella Valley (a. k. a the Gem of the Desert) adjacent to the pristine Santa Rosa mountain range. La Quinta has a large winter/spring seasonal population that has rapidly grown over the past few decades. In 2020, La Quinta as home to over 40,382 residents, representing a 65 percent increase from its 2000 census population. La Quinta is one of the most affluent cities in the Coachella Valley with an average household income of $128,303. The city is also home to more than twenty prestigious golf courses including Silver Rock Resort which is an Arnold Palmer Classic Course, and has hosted the world-famous PGA tour. La Quinta currently offers limited improved lot & vacant land properties within the city limits, and supply of these opportunities going forward will be constrained. Historically, La Quinta has been one of the most active homebuilder markets in the Coachella Valley and “Coral Canyon” is considered one of the most exceptional properties in La Quinta