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-SELLER FINANCING AVAILABLE -A Rare El Paseo Development & Investment Opportunity Located on world-famous El Paseo, this exceptional offering consists of 3 APNs (zone of D & D-O) inclusive of an existing 12,870 SF office property together with one of the few remaining buildable parcels along Palm Desert's most prestigious commercial corridors.The property enjoys highly desirable south-facing frontage on El Paseo, providing outstanding visibility, exposure, and access along the Desert's luxury retail, dining, and professional services. The northern portion of the property fronts Highway 111, one of the Coachella Valley's primary commuter and commercial arteries, benefiting from traffic counts exceeding approximately 30,000 plus vehicles per day The existing two-story office building provides immediate occupancy and income potential while the vacant front parcel offers a unique opportunity to create a retail location, signature office, or medical practice on one of Southern California's most sought-after business locations. Conceptual building renderings envision an approximate 2,500 SF building footprint capable of supporting up to 4,000 SF of additional two-story retail, office or medical space, subject to buyer verification and City approvals.Surrounded by luxury retailers, fine dining establishments, resorts, and professional services, this offering presents a rare combination of current utility and future development potential. Whether utilized as a professional office headquarters, medical practice, owner-user property, investment asset, or redevelopment opportunity, this site offers flexibility rarely found on El Paseo.Property HighlightsExisting 12,870 SF professional office building.Rare additional buildable parcel on El Paseo.South-facing frontage on El PaseoNorth-side frontage and visibility from Highway 111.Potential +/-2,500 SF building footprintwith +/-4,000 SF two-story expansion (buyer to verify)Dedicated on-site parking serving both buildings.Premier Palm Desert locationIdeal for mixed use, investment, or owner-user opportunitiesSignificant long-term value-add potentialWorld-class location. World-class visibility.World-class potentialOpportunities to acquire a property with existing improvements, future development potential, dual-corridor exposure, and an iconic El Paseo address are extraordinarily rare. This is a chance to create a landmark property in a landmark location. Call for details
Listing agent: Richard MacMillan DRE #01183445 rhmacmillan@yahoo.com, Listing office: Equity Union
MLS data updated 10/31/2026, 3:02:33 AM PT
Source: CRMLS, MLS #: 219149159DA
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Jun 5, 2026
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This home · nearest recorded event
$3,999,900Original asking price · Jun 5, 2026ZIP 92260 · Jun 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.