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16 Mihalyo Rd , Cathedral City, CA 92240
$1,288,000
Est. Payment: $6,822.09/mo
0 Bed
0 Bath
0 Sqft
Status: Active | Days on site: 1283
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OC12216 - OCSMITHSHA
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Chris Heller
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House Description

FIVE +- (5) ACRES, GORGEOUS MOUNTAIN and DESERT VIEWS, in CATHEDRAL CITY, Riverside County, Ca. Flat, rectangular lot is 338'+- on the West and East sides, 660'+- on the North and South. ZONING is MU-U (Mixed Use Urban) and COMMERCIAL. One of the last large lots conveniently located near Palm Drive, at the 60 FREEWAY EXIT. Corners consist of Arco/Mkt on the Southwest corner. Chevron/Mkt and a Jack in the Box on the Northeast corner. Just to the Northwest is cannabis cultivation zoning. Harborside Cannabis drive-thru, right on the other side of Palm Drive. New construction on the Northwest corner of Palm Drive and Paul. Amazing number of home tracts on the South side of the Freeway. This indicates the North Palm Springs/Desert Hot Springs/Cathedral City area is moving forward with commercial and residential growth. Large parcels will be at a premium and certainly retain investment values! Palm Drive is right between Indian Canyon Drive to the West and Date Palm Drive to the East, off the 60 Freeway. Head South on Palm Drive and it turns into the North Gene Autry Trail. This is the main road to Palm Springs International Airport, the Palm Springs Tramway, Palm Springs Art Museum and more. Shopping at the Sunrise Vista Chino Albertsons Center also available just East of the Airport. Palm Springs school district. Brightwood and Kaplan Colleges, Palm Springs High School, charter and elementary schools all within minutes of property. Palm Drive is a beautiful palm tree lined four-lane drive. Location is 100% Great investment!
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Highlights

Listed by Shawn Smithson , 949-371-5569 RE/MAX One , 949-204-2192. CRMLS/Multi-Regional MLS mls logo

Property Type

Vacant Land
Lot/Acreage
5

County

Riverside

Area

335 - Cathedral City North

 Neighborhood

North Cathedral City

Listing ID

LG22183104

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:0
  • ▪ Bathrooms:0
  • ▪ Full Bathrooms:
Water:None

Exterior Features

Lot:Desert Back,Desert Front,Lot Over 40000 Sqft,Level,Rectangular Lot,Secluded,Street Level,Value In Land,No Land Lease
Lot Dimensions:338 X 660
Zoning:Mixed Use Commercial
Sewer:None
Principal Interest
$6,822
Taxes
$821

Home Price

$1,288,000

Loan Details

30 yrs
6.952%

Down Payment

20%
$257,600
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$6,822.09

Principal

Taxes

Principal Taxes HOA Total
Monthly $6,822.09 $821.10 $0.00 $7,643.19
Yearly $81,865.11 $9,853.20 $0.00 $91,718.31
Total $2,455,953.30 $295,596.00 $0.00 $2,751,549.30

Today's Rates

30 Year

6.95%

20 Year

6.73%

15 Year

6.35%

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Market insight data is pulled from the same city as the listing being viewed (Cathedral City, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-09-23T10:55:49.000Z

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