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Cathedral City, CA

$1,288,000

16 Mihalyo Road, Cathedral City, CA
1283
Days listed

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!

Facts & features

Exterior & lot
Lot size
5 acres (217,800 sq ft)
View
Desert, Mountains, Neighborhood, Panoramic
Community
Area
335 - Cathedral City North
County
Riverside
Community features
Biking, Hiking, Rural
Listing details
Status
Active
Property type
Land
Days on market
1283
Listed
2022-09-25
Terms
Cash, Cash To New Loan, Submit
Parcel #
660180016
MLS #
LG22183104
Listed by
Shawn Smithson · RE/MAX One

Location

Price history

Listed
$1,288,000 · 2022-09-25
Days on market
1283
Current price
$1,288,000
Financing

Could this home be yours?

Estimated monthly payment
$8,080
$6,513 principal & interest · $1,567 taxes & insurance
$257,600
Estimate only
Loan $1,030,400

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Listing data provided by CRMLS

Listing courtesy of RE/MAX One. © 2026. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Last updated July 26, 2026 Equal Housing Opportunity.

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