Sold
Rancho Mirage, CA
40315 Cholla Lane
Ending Price
$16,000,000
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Great opportunity to build your dream home in one of the most sought after neighborhoods in Orange County! This single family home is located on the sunny side of the street in The Village and is situated on a 3,540 sq ft R2 lot. Currently a 2 level, 4 bedroom home with a garage, structural and engineering plans for a new build are nearly complete. Add value to this space with a 1,944 sqft, 3 level (plus optional full basement) in addition to the existing home, or build two new construction condos totaling 3,822 sqft. Close to restaurants and shops and the Goldenrod Footbridge giving access to Corona Del Mar Beach. Soils report complete for full basement. Appraised for $2.4M on Sept 19, 2018 as a 3 bedroom and appraised for $2.85M on April 7,2020 as a 4 bedroom. Averaging $6,811 per month income from AirBnB (Nov 2019 - Mar 2020).