72261 Highway 111, Palm Desert, CA — $5,967,000

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About this home

Ideally located street front retail on major thoroughfare throughout the entire Coachella Valley - CA Hwy 111 Daily Needs Center located in retail epicenter in the heart of the Coachella Valley with an outstanding variety of boutiques, thrift stores and major retailers Located in the Hub of shopping, dining, entertainment in the Heart of Palm Desert- Highway 111 is home to many of Palm Desert's major retailers. Here, you'll find familiar names like Target, Saks Off Fifth, Bed Bath and Beyond, Marshall's, TJ Maxx, Nordstrom Rack and more. Another popular thoroughfare for shopaholics, Monterey Avenue, which is sprinkled with both shopping plazas and major retailers like Walmart, Sam's Club and Lowe's. Affluent / Country Club Location - located against the backdrop of the San Jacinto Mountains with over 150 golf courses throughout Coachella Valley and where home prices span from $1M to $40M

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Public-record history for this property.

🌊 Flood zoneX / Low/Medium Risk

🏷 Last sold$5,250,000 · Oct 2023

📋 Assessed value$5,462,100

💵 Annual tax$65,724

🏫 School districtDesert Sands Unified School District

MLS #PW25255265

🔥 Risk & insurability

🔥 Fire hazard zoneNot in a State-designated fire hazard zone

🌊 FEMA flood zoneZone X — minimal/moderate flood risk

FEMA National Flood Hazard Layer · CAL FIRE 2024 FHSZ

🧮 Affordability calculator

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VA loan (no PMI)

Estimated total monthly payment

$37,383

Principal & interest$30,172

Property tax$5,470

Home insurance$1,740

Down payment: $1,193,400Loan: $4,773,600

Estimates only — not a loan offer. Actual rates, taxes, and insurance vary. Talk with your agent and a lender for exact figures.