Listing provided courtesy of Ethan Mezrahi of Real Brokerage Technologies. Last updated 2025-12-21 09:11:15.000000. Listing information © 2025 Sandicor.
Asking Price: $11,950,000 |
68550 Grove, Cathedral City CA 92234
Community: 336 - Cathedral City South
This property was built in 2025 and is priced at $11,950,000. Please see the additional details below.
The Jasper is a one-of-a-kind opportunity to acquire 19 Multi-Family Units (currently under construction and estimated to be completed in Q1 2026) with an infill downtown location in fast-growing Cathedral City, which is currently experiencing a major development renaissance. This well-located property is off of the main arterial road ''Hwy. 111/East Palm Canyon Drive'' and is nearby the newly constructed and opened ''Agua Caliente Casino'' which created over 500 new jobs, with over 500 new slot/gaming machines & table games, and several new restaurants. Additional new retail is under construction to the east including Starbucks, Chipotle, Farmer Boys, and Circle K. This project is truly a prime pedestrian-oriented development. Furthermore, The Jasper is located within the state's Qualified Opportunity Zone (rare for superior locations like this), which can allow for significant capital gains tax savings for qualified investors.
