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Rare 132-acre investment and development opportunity located within the highly desirable hot mineral water zone. This flat, fully usable parcel offers excellent scalability with city water, gas, and electric available along all major access roads, reducing future infrastructure costs and streamlining development potential. Strategically positioned with convenient access to Palm Springs and Joshua Tree, the property benefits from strong regional growth, tourism demand, and long-term appreciation trends. Previously approved Conditional Use Permit (CUP #3845, 2011) for a 499-unit gated community featuring a 9-hole golf course, clubhouse, and pool provides a valuable framework for re-entitlement or redevelopment. Surrounding Desert Crest Country Club, this parcel presents multiple exit strategies including residential subdivision, resort-style development, or long-term land hold. Ideal for developers and investors seeking scale, location, and upside potential in an expanding market.
Listing agent: Matthew Briest DRE #02055663 mattbriesthomes@gmail.com, Listing office: Briest Realty Group
MLS data updated 11/2/2026, 1:41:18 AM PT
Source: CRMLS, MLS #: 26668313PS
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Mar 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
$3,200,000Original asking price · Mar 23, 2026ZIP 92240 · Mar 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.No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
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.