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$10,950,000 -$1,000,000 (-8.37%) Price Reduced

  • For Sale
  • Active
  • Apartment
  • 28 Full Baths
  • Updated 1 day ago
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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.

Full Property Details for 68550 Grove St

General

  • Price: $10,950,000
  • Status: Active
  • Type: Apartment
  • Source: Desert_Area_Palm_Springs
  • MLS ID: 219138249
  • Updated: 1/16/2026
  • Added to Site: 73 day(s) ago

Interior

  • Number of Fireplaces: 3
  • Flooring: Vinyl

Rooms

Bathrooms

  • Total Bathrooms: 43
  • Full Bathrooms: 28
  • Half Bathrooms: 15

Additional Information

  • Security/Safety: Fire Sprinkler System, Fire Alarm

Parking

  • Total Spaces: 39

Location

  • Area: 336 - Cathedral City South
  • County: Riverside
  • Subdivision: Cathedral City Cove
  • Cross Streets: Grove Street & Cathedral Canyon Drive

Heating & Cooling

  • Cooling Type: Air Conditioning
  • Heating Type: Forced Air

Utilities

  • Sewer: In, Connected and Paid

Structural Information

  • Sub-Flooring: Vinyl
  • Year Built: 2025
  • Year Built Source: Builder
  • Property Condition: New Construction

Lot Features

  • Property View: Yes
  • Lot Size Source: Assessor

Financial Considerations

  • Terms: 1031 Exchange, Cash to New Loan, Cash

Disclosures and Reports

  • APN: 687195013

Listed by Real Brokerage Technologies, Ethan Mezrahi and The Hoffman Company, Erik Christianson

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Listing agents

— 68550 Grove St —

  • Ethan Mezrahi

    Real Brokerage Technologies

  • Erik Christianson

    The Hoffman Company

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 68550 Grove St

School District:Palm Springs Unified School District
NameGradesDistance
Rancho Mirage Elementary School
42-985 Indian Trail Rd., Rancho Mirage, CA 92270
K-53.7 mi
Nellie N. Coffman Middle School
34-603 Plumley Rd., Cathedral City, CA 92234
6-81.5 mi
Cathedral City High School
69250 Dinah Shore Drive, Cathedral City, CA 92234
9-121.9 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 68550 Grove St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/16/2026
Price Reduced
$10,950,000
-8.37%
MLS
11/05/2025
Listed
$11,950,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 68550 Grove St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$25,243
—
$326,400
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Real Brokerage Technologies, Ethan Mezrahi and The Hoffman Company, Erik Christianson

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68550 Grove Street, Cathedral City, CA 92234 (MLS# 219138249) is a Apartment property with 0 bedrooms and 28 full bathrooms. 68550 Grove Street is currently listed for $10,950,000 and was received on November 05, 2025. Want to learn more about 68550 Grove Street? Do you have questions about finding other Apartment real estate for sale in Cathedral City South? You can browse all Cathedral City South real estate or contact a Coldwell Banker agent to request more information.

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