1022 E Mesquite Avenue, Palm Springs, California 92264, Palm Springs, 92264 - 3 bed, 3 bath
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Palm Springs, California 92264
This Turnkey Midcentury Modern Estate is a Prime Investment Opportunity, listed at $1,545,000—positioned well below the $1,590,015 Fair Market Value by 2%. This valuation gap offers $45,015 in Instant Equity. Boasting an Excellent Condition Rating following an extensive 2021 renovation, the residence features a 40-foot pool, integrated spa, and breathtaking mountain views. As a proven, high-performing Airbnb asset in Tahquitz River Estates, it delivers immediate cash flow potential. This is an ideal acquisition for Short-Term Rental Investors or Owner-Occupants seeking a luxury desert sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1022 E Mesquite Avenue Subject | $1,499,000* List Price | 3 | 3 | 2,081 | $720 | - |
A 1450 S Via Soledad Sold | $1,300,000 | 3 | 3 | 1,975 | $658 | 0.6 mi |
B 1554 E San Lucas Road Sold | $1,510,000 | 3 | 3 | 2,022 | $747 | 0.4 mi |
C 1175 E San Lucas Road Sold | $1,299,000 | 3 | 3 | 1,769 | $734 | 0.2 mi |
D 1175 E Cactus Road Sold | $1,650,000 | 3 | 3 | 2,196 | $751 | 0.1 mi |
E 233 W El Camino Way Sold | $1,750,000 | 3 | 3 | 2,017 | $868 | 0.9 mi |
F 1125 E Sunny Dunes Road Active | $1,550,000 List Price | 4 | 3 | 2,277 | $681 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite being built in 1951, this property underwent an extensive renovation in 2021, making it virtually new in terms of its critical components and aesthetics. The kitchen features modern wood cabinetry, high-end stainless steel appliances, white countertops, and stylish tile work. All three bathrooms are spa-inspired with premium finishes, unique tile designs, and modern black fixtures. The concrete floors are striking and in excellent condition, and the property boasts a new roof, integrated sound system, and an EV charger. All elements meet current quality standards with no visible wear or deferred maintenance, aligning perfectly with the 'excellent' criteria for a recently and extensively renovated property.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11326, living area = 2081.
The property boasts a solid track record as a high-performing, turnkey furnished vacation rental on Airbnb, with the option to retain professional property management for seamless operations.
Stunningly updated in 2021, the residence seamlessly blends iconic architectural charm with luxurious contemporary upgrades, including a modern kitchen with high-end appliances and spa-inspired bathrooms.
Due to its consistent use as a high-performing short-term rental, showing availability has historically been extremely limited, which may pose a challenge for potential buyers.
While extensively renovated, the home was originally built in 1951, meaning the underlying structure is over 70 years old, which could potentially lead to unforeseen maintenance needs not covered by recent updates.
The single-car garage offers potential for conversion into an additional bedroom or flex space, but this requires buyer verification, implying potential additional costs and regulatory hurdles.
Offered turnkey furnished, this stunningly updated property is a proven vacation rental success. With a solid track record on Airbnb and the option to retain professional property management for seamless operations, it presents an outstanding investment opportunity. Due to the home's consistent use as a high performing short term rental, showing availability has historically been extremely limited, so please schedule your appointment in advance. 1022 E Mesquite Avenue is a stunningly updated Midcentury Modern home in the sought-after Tahquitz River Estates neighborhood, just minutes away from the vibrant heart of downtown Palm Springs. This renovated 3-bedroom, 3-bathroom residence seamlessly blends iconic architectural charm with luxurious contemporary upgrades, offering privacy, character, and effortless indoor-outdoor living in South Palm Springs.Behind a gated driveway, the home welcomes you with striking concrete floors that flow through the open-concept living spaces. A working fireplace and integrated sound system enhance the warm, sophisticated ambiance. Renovated in 2021, the home features a modern kitchen with high-end appliances, custom tile work, and a built-in breakfast nook, as well as spa-inspired bathrooms with premium finishes. A vintage sunroom adds a unique architectural touch, providing a versatile space for lounging, dining, or creative use.The main living areas open to a private, resort-style backyard designed for relaxation and entertaining. Highlights include a 40-foot pool, integrated hot tub, multiple outdoor living and dining areas, and breathtaking western mountain views. The outdoor spaces are thoughtfully designed for durability and enjoyment, whether for personal use or hosting guests.Additional features include a new roof, gated driveway, 50-amp EV charger, and a single-car garage with potential for conversion into an additional bedroom or flex space (buyer to verify). The home is offered furnished per inventory list, with select exclusions, ensuring a smooth transition for the new owner.Located within striking distance of Palm Springs' renowned dining, shopping, and nightlife, this residence offers a rare combination of timeless design, modern amenities, privacy, and flexibility. Perfect as a primary home, vacation retreat, or income-producing property.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades 6-8 • 2.5 mi
Grades K-12 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,081 | 2,266 | 39% |
| Lot Size | 11,326 | 10,019 | 69% |
| Price | $1.50M | $1.35M | 58% |
| Price per sq ft | $720 | $609 | 74% |
| Built year | 1951 | 1976 | 10% |
| HOA | $0 | $0 | 50% |
| Days on market | 90 | 159 | 22% |
Apr 16, 2026
$1,499,000
$1,545,000
-3% Price Drop
Initial Listing
Jan 23, 2026
$1,545,000
Initial Listing
Dec 30, 2020
$816,000
Public Record