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Palm Desert, CA

$5,967,000

72261 Highway 111, Palm Desert, CA
1986
Built
2
Days listed

About this home

Ideally located street front retail on major thoroughfare throughout the entire Coachella Valley - CA Hwy 111 Daily Needs Center located in retail epicenter in the heart of the Coachella Valley with an outstanding variety of boutiques, thrift stores and major retailers Located in the Hub of shopping, dining, entertainment in the Heart of Palm Desert- Highway 111 is home to many of Palm Desert’s major retailers. Here, you’ll find familiar names like Target, Saks Off Fifth, Bed Bath and Beyond, Marshall’s, TJ Maxx, Nordstrom Rack and more. Another popular thoroughfare for shopaholics, Monterey Avenue, which is sprinkled with both shopping plazas and major retailers like Walmart, Sam’s Club and Lowe’s. Affluent / Country Club Location - located against the backdrop of the San Jacinto Mountains with over 150 golf courses throughout Coachella Valley and where home prices span from $1M to $40M

Facts & features

Interior
Heating
See Remarks
Cooling
Central Air
Laundry
None
Exterior & lot
Lot size
2.57 acres (111,949 sq ft)
Year built
1986
Community
Area
699 - Not Defined
County
Riverside
Listing details
Status
Active
Property type
Retail
Days on market
2
Listed
2025-11-06
Terms
Cash To New Loan, Exchange 1031
Parcel #
640020055
MLS #
PW25255265
Listed by
Richard Park · Synergy Real Estate
562-696-6515richpark75@gmail.comDRE #01303893

Location

Price history

Listed
$5,967,000 · 2025-11-06
Days on market
2
Current price
$5,967,000
Financing

Could this home be yours?

Estimated monthly payment
$37,432
$30,172 principal & interest · $7,260 taxes & insurance
$1,193,400
Estimate only
Loan $4,773,600

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Listing data provided by CRMLS

Listing courtesy of Synergy Real Estate. © 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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