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.
Property Details
Price:
$10,950,000
MLS #:
219138249DA
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subdivision:
Cathedral City Cove
Neighborhood:
336cathedralcitysouth
Listed Date:
Jan 16, 2026
Lot Size:
29,621 sqft / 0.68 acres (approx)
Year Built:
2025
See this Listing
Schools
Interior
Flooring
VINY
Heating
FA
Exterior
Parking Spots
39
Security Features
FSDS, FS
Financial
Map
Community
- Address68550 Grove ST Cathedral City CA
- SubdivisionCathedral City Cove
- CityCathedral City
- CountyRiverside
- Zip Code92234
Subdivisions in Cathedral City
- Campanile
- Candlewood Villas II
- Candlewood Villas II 33605
- Canyon Shores
- Cathedral Canyon Country Club
- Cathedral City Cove
- Cathedral City Cove 33611
- Cathedral Cyn CC SFR 33610
- Cathedral Springs 33534
- Cathedrl Cyn CC 344A 33609
- Century Park
- Cimarron Cove
- Date Palm Country Club 33613
- Desert Princess
- Desert Princess Condo 33538
- Desert Princess SFR 33539
- Desert Shadows RV Resort 33619
- Dream Homes
- Dream Homes 31422
- Lakeview Villa
- Outdoor Resorts Palm Springs
- Panorama
- Panorama 33545
- Rancho Paloma
- Rancho Village 33625
- Rio Del Sol
- Rio Vista 33547
- Royal Palms
- Serenity Cove
- Serenity Cove 33629
- Shadow Crest
- Shadow Crest 33550
- Tapestry 33551
- The Canyon
- Tramview Mobile Park 33635
- Upper Outpost
- Upper Outpost 33553
- Verano
- Verano 33552
Market Summary
Current real estate data for Single Family in Cathedral City as of Mar 03, 2026
406
Single Family Listed
125
Avg DOM
185
Avg $ / SqFt
$339,662
Avg List Price
Property Summary
- Located in the Cathedral City Cove subdivision, 68550 Grove ST Cathedral City CA is a Single Family for sale in Cathedral City, CA, 92234. It is listed for $10,950,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 2025. The average price per square foot for Single Family listings in Cathedral City is $185. The average listing price for Single Family in Cathedral City is $339,662.
Similar Listings Nearby
Courtesy of Real Brokerage Technologies. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved.68550 Grove ST
Cathedral City, CA