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Jessica Panzica

jessica@jessicapanzica.com +1(714) 313-8193

$4,499,900

Est. payment - /mo

8 Beds

6 Baths

10,000 SqFt

Save

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 10,000 sqft

Price per Sqft $449

Subdivision Not Applicable-1

MLS Listing ID 219149266DA

Bedrooms 8

Full Baths 6

Construction Status Fixer,Repairs Major

HOA Y/N No

Year Built 1990

Lot Size 8.110 Acres

Property Sub-Type Single Family Residence

Property Description

An extraordinary opportunity to acquire one of Southern California's most unique aviation estates with direct taxiway access to Bermuda Dunes Airport. Encompassing approximately 8.11 acres, over 10,500 square feet of living space, two private airplane hangars, and a private water well, this is a rare opportunity for investors, aviation enthusiasts, and trophy estate buyers alike.For sophisticated investors completing a 1031 Exchange, this property offers a compelling tax-planning opportunity. With the land currently assessed at approximately $169,000, a substantial portion of the purchase price may be attributable to improvements, creating the potential for significant cost segregation and bonus depreciation benefits (buyers should consult their tax advisor). Opportunities with this type of land-to-improvement ratio are exceptionally rare.This estate is ideally suited for the luxury short-term rental and event market. The expansive residence, sprawling grounds, private lake, runway access, versatile hangars, and private water well providing substantial irrigation savings create an exceptional setting for luxury retreats, corporate events, weddings, wellness experiences, automotive showcases, aviation gatherings, and exclusive private celebrations. The two hangars can accommodate private aircraft or be reimagined as extraordinary entertainment venues, collector garages, fitness facilities, or multipurpose event spaces.Adding to its investment appeal, the existing floor plan offers the opportunity for a future owner to reconfigure the residence into approximately 12 bedrooms (subject to buyer verification and any required approvals), significantly increasing its potential for luxury group accommodations and maximizing short-term rental revenue.The property is being offered in its current condition and requires deferred maintenance and modernization. To help buyers visualize its extraordinary potential, professionally created digital renderings showcase how the estate can be transformed with revitalized landscaping and exterior enhancements. With thoughtful renovations, this property has the opportunity to once again become one of the Coachella Valley's premier destination estates.

Location

State CA

County Riverside

Area 312 - Bermuda Dunes, Myoma

Interior

Heating Central

Flooring Carpet

Fireplaces Type Family Room, Gas

Fireplace Yes

Exterior

Parking Features Direct Access, Driveway, Garage

Garage Spaces 10.0

Garage Description 10.0

Pool Electric Heat, In Ground

View Y/N Yes

View Lake, Mountain(s), Panoramic

Total Parking Spaces 68

Private Pool Yes

Building

Lot Description Drip Irrigation/Bubblers, Sprinkler System

Story 2

Entry Level Two

Water Well

Level or Stories Two

New Construction No

Construction Status Fixer,Repairs Major

Others

Senior Community No

Tax ID 607270011

Security Features Security Gate

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

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Listed by David Colin HomeSmart #01710306

Nearby School & Business

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Jessica Panzica

+1(714) 313-8193

Agent | License ID: 01854556

Agent License ID: 01854556

79135 Avenue 41 Bermuda Dunes, CA 92203

Jessica Panzica

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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