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Exceptional 5.05-acre development opportunity in one of Desert Hot Springs’ most active growth corridors, just minutes from Cabot’s Pueblo Museum and surrounded by increasing investor activity and recent land acquisitions. Positioned within the Visitor-Serving Commercial zone, this parcel is well-suited for hotel, resort, retail, or mixed-use concepts catering to the city’s expanding tourism and workforce base. The immediate area has experienced notable momentum, with several nearby land transactions including larger-scale parcel sales demonstrating continued demand and strengthening land values across the city. Strategically located with convenient access to Palm Drive and a short drive to Palm Springs, the property benefits from both local demand and regional visitor traffic. Desert Hot Springs continues to attract development interest driven by hospitality expansion, population growth, and proximity to major employment centers throughout the Coachella Valley. With limited availability of 5-acre parcels and ongoing development activity nearby, this site presents a rare opportunity for investors and developers to secure a position in a rapidly evolving market. Buyer to verify zoning, utilities, and development requirements with the City of Desert Hot Springs.
Listing agent: Nancy Kim DRE #01269526 nancykhkim@yahoo.com, Listing office: Credent Real Estate
MLS data updated 11/1/2026, 11:32:47 PM PT
Source: CRMLS, MLS #: PW26085080
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Apr 23, 2026
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$650,000Closed sale · Apr 23, 2026ZIP 92240 · Apr 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.