The late Merv Griffin decided to turn 200 acres of his property into a world-class equestrian master-planned community located adjacent to Hideaway, Madison Club and PGA West in La Quinta. Griffin Ranch opened in the summer of ’07 and a number of homes were sold.
Developed by Trans West Housing, Griffin Ranch promises to be a great community at completion. For now however, new homes and the community amenities are on hold as the developer looks for new financing or is replaced with another developer.
We’re told that Griffin Ranch HOA’s have temporarily risen from $387 to over $700 monthly as residents are now picking up the developer share of HOA’s for vacant lots until new financing is found and/or a new developer takes over. The developer website was down last time we looked.
We had been advising potential buyers in Griffin Ranch to ‘standby’ until the developer had finished the community amenities including the proposed Griffin Club. When Griffin Ranch gets going again, we would again caution prospective buyers to wait until the resident amenities are completed.