Listing Agent: David Colin      Broker/Office: HomeSmart
79135 Avenue 41 Bermuda Dunes CA 92203
$ 4,499,900
  8   |    6   |    10000 Sq Feet

Listing ID

#219149266DA

Status

Active

Property Type

Single Family Residence

County

Riverside

Neighborhood

Not Applicable-1

Year Built

1990

Lot Size

8

Days on website

1

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
Financial Information
List Price:  $ 4499900
Property Features
Fireplace Features:  Gas
Flooring:  Carpet
Heating:  Central
Levels:  Two
Parking Features:  Driveway, Garage
Property Condition:  Fixer
Senior Community YN:  false
Spa Features:  Private
View:  Lake, Panoramic
Water Source:  Well
MLS Area Major:  312 - Bermuda Dunes, Myoma
City:  Bermuda Dunes
Senior Community YN:  false
Listed By:   David Colin   HomeSmart 
CA Lic#