Cathedral City homes
For sale1498 days on market
$1,288,000

16 Mihalyo Road, Cathedral City, CA 92240

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Beds
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Baths
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Sq ft

About this home

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!

Type
Residential
Year built
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Lot
217,800 sq ft (5.00 ac)
Garage
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HOA
None
Pool
No
View
Desert
Solar
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Estimated payment
$8,123/mo
  • Principal & interest$6,513
  • Property tax (est.)$1,234
  • Home insurance (est.)$376

Example only, not a loan offer. Rate is a placeholder; ask a lender for today's. Taxes vary by neighborhood (Mello-Roos).

Listing provided courtesy of Shawn Smithson, RE/MAX One, 949-371-5569. MLS# LG22183104. Based on information from California Regional Multiple Listing Service, Inc. as of November 1, 2026 at 10:58 AM Pacific. Information is deemed reliable but not guaranteed and is provided exclusively for consumers' personal, non-commercial use to identify prospective properties they may be interested in purchasing. Coldwell Banker Associated Brokers Realty, CA DRE #00939614.

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