580 E Cottonwood RD Palm Springs, CA 92262

Price reduction! Rare opportunity for a corner residential lot with stunning mountain views available in Central Palm Springs and no HOA. This is a rare opportunity to purchase an R2 corner lot in the desirable Movie Colony area with final plans for a 4 bedroom/5 bath 2,948 sq ft modern home. Zoned for single or multi-family use, this cleared, corner lot is minutes from Downtown & features panoramic mountain views. Build the desert home of your dreams, investment property for short-term rentals, or diversify your portfolio & generate steady, long-term rental income with three (3) separate units. Included with the purchase is a custom plan set by local design firm, AMPARO, for a stunning, midcentury modern home, featuring L-shaped layout & roof deck tailored to maximize the mountain views. Designed for a true entertaining home, plan features dramatic entry with courtyard atrium & floor-to-ceiling windows providing a see-through view out to the pool with mountain backdrop. All bedrooms are en suite with private baths & midcentury breeze block patios. The luxurious main suite opens to a private courtyard with outdoor shower. Other features include open kitchen, separate prep kitchen, media room/lounge, built-in bar, fireplace & wall of glass sliders opening to pool & mountain views.