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Salton Sea Real Estate

Written by Joe Melara

Sunday, 25 March 2007

Salton City Currently has 2000 new homes and there are 1100 new homes under construction. Salton City is exploding with growth with the new Torrez-Martinez Casino scheduled to be opened by Febuary 2007, and the Salton Sea Authority is getting closer to making the final descision on the future of the Salton Sea. There is a lot of Contreversey on the clean up of the sea, well what we do know is that it will be done , because of the enviromental disaster that will happen if the sea is not cleaned or sustained. Salton City is the last city to develop in the valley. All the streets are paved and utilities are in place. With construction at full force its only a matter of time till it all comes together. If you have land in Salton City already you should hold on to it and buy more. Once the 19,000 lots are built, the cost of developing new lots will be five time the amount it will cost you to purchase one now. With all the demand for housing in Southern California , affordable land is beyond reach for many Californians , Salton City gives the investor a chance to buy land and homes at a low price with room to grow. FACT: Casinos Drive Exploding Real Estate Markets. Did you know that if you would have purchased an R1 single family residence lot in Temecula before the casino was built, it would have cost you $25,000.00, but if you bought that same lot TODAY, it would cost you 10 TIMES that price! A lot around the Morongo Tribe's Casino would have cost you $4000.00 back then and now $65,000. If you invest now on 1 R1 lot in Salton City history has proven itself to be valued at 10 TIMES your investment. Do the math, you'll see the value! Here's a few Key Facts to think about: NAFTA Highway 86 and Marina Drive has traffic coming from Mexico and Borrego Springs. There are 25,000 vehicles passing through this area daily with an expected increase of 50%. Caltrans is building a new NAFTA Highway SR7 to SR111 with an interchange connecting SR111 to the SR86. Salton City will be the first direct stop from Mexico! ERA is the largest builder in the Salton City area with over 100 homes completed and 250 presold homes. ERA is continuing the efforts in residential housing and most importantly commercial development which will produce an additional 100 jobs to spark the fire. Here are some examples of Commercial Developments already in the making in Salton city: The Travertine Grill, El Doraldo Supermarket which boasts a 12000 sqf Market, A major fast food chain, a major hotel chain and a major gas station. There are two brand new commercial buildings with highway frontage which include tenants: Countrywide Home Loans, Prudential Realty, First american title and a new homes center. The second building is in final completion stages and is already pre leased. The combined building effort in Salton City alone is approximately 600-1000 new homes each year, which represented 27% of the new housing in Imperial County. In 2005 Imperial County planning/Development issued 661 new permits and Salton Community Services District issued 790 new sewer connections. 90% of lots in salton city have water and sewer to the property already. Experts say that Coachella Valley and Salton City are the only "developer freindly" lands left in Southern California with an expected growth over the next 25 years to 1 million residents. Salton City is a half hour drive from Coachella Valley making it an easy commute and an ideal bedroom community. There are thousands of off-roaders who frequent this area during the winter time. The Salton Community Services District expects the population to reach at least 27,000 residents within 3 years. The Torrez-Martinez Casino is opening soon and already have a travel center with a new Subway Sandwich Restaurant and is fully operational at this time. California's land is at its highest price ever, the only areas to make good on your money is to think ahead.

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Last Updated ( Sunday, 25 March 2007 )