1055 E Racquet Club, Palm Springs, California 92262, Palm Springs, 92262 - 4 bed, 4 bath
1055 E Racquet Club
Palm Springs, California 92262
Property Price
SUMMARY
Analysis of 1055 E Racquet Club, Palm Springs, California 92262 reveals a Fairly Priced Property with a current list price of $1,360,000 aligned with the estimated $1,360,000 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Palm Springs Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1055 E Racquet Club Subject | $1,360,000* List Price | 4 | 4 | 2,749 | $495 | - |
A 796 E Racquet Club Road Sold | $1,082,500 | 4 | 3 | 2,270 | $477 | 0.2 mi |
B 2705 N Biskra Road Sold | $1,400,000 | 4 | 4 | 2,375 | $589 | 0.5 mi |
C 1576 Savvy Court Sold | $1,125,000 | 3 | 3 | 2,485 | $453 | 0.4 mi |
D 724 E Spencer Drive Sold | $1,095,000 | 4 | 3 | 2,081 | $526 | 0.2 mi |
E 3238 Ambassador Drive Lot 196 Sold | $1,069,779 | 3 | 4 | 2,433 | $440 | 0.6 mi |
F 1658 Ava Court Sold | $1,290,000 | 3 | 3 | 2,432 | $530 | 0.4 mi |
G 1441 Amelia Way Active | $1,595,000 List Price | 4 | 4 | 2,784 | $573 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Despite being built in 1962, this property has undergone a comprehensive and recent modern renovation. The kitchen features sleek, contemporary cabinetry, stainless steel appliances, quartz countertops, and modern lighting. Both bathrooms are tastefully remodeled with exquisite tile work and modern fixtures. The flooring throughout is new tile or wood-look, and all visible components appear virtually new, meeting current quality standards with no deferred maintenance. The overall aesthetic is cohesive and high-end, indicating an extensive renovation within the last 5 years.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11325, living area = 2749.
- Comprehensive Modern Renovation
The property boasts a sleek, contemporary kitchen with stainless steel appliances and tastefully remodeled bathrooms, offering a move-in ready modern living experience.
- Exceptional Resort-Style Outdoor Oasis
The backyard is a private retreat featuring a sparkling pool, mini-golf area, covered patio, built-in BBQ, and fire pit, ideal for entertainment and embodying the ultimate desert lifestyle.
CONSRISKS & DEFICIENCIES
- Property Age & Unspecified Infrastructure Updates
Built in 1962, while cosmetically updated, the description lacks details on major infrastructure updates (e.g., plumbing, electrical, roof), which could lead to future maintenance concerns.
- Recent Price Adjustment
A recent price reduction from $1.435M to $1.36M may raise questions about initial pricing strategy or market demand, potentially influencing buyer perception.
- HVAC System Details Omission
In a desert climate like Palm Springs, the absence of specific information regarding the age or efficiency of the main HVAC system is a notable omission, crucial for buyer comfort and energy cost assessment.
About 1055 E Racquet Club
Resort-Style Living in Beautiful Palm Springs, CA Welcome to your private oasis in the heart of Palm Springs—where modern design meets resort-style comfort. Step through a custom front door into a beautifully updated home featuring a sleek, contemporary kitchen complete with stainless steel appliances, eye-catching backsplash, recessed lighting, and tile flooring that flows seamlessly through the kitchen, dining, and living areas. The living room boasts a grand fireplace and custom paintwork with elegant accent walls that bring warmth and personality to the space. Both bathrooms are tastefully remodeled with exquisite tile work, modern fixtures, and separate temperature controls for your comfort. French doors open to your stunning backyard retreat, perfect for entertaining or relaxing in style. Enjoy a sparkling pool with loungers, swaying palm trees, a mini-golf area, covered patio, built-in BBQ, and cozy fire pit—everything you need to live the ultimate desert lifestyle. This home’s modern, sleek design must be seen in person to be fully appreciated. Don’t miss your chance to own a slice of paradise in Palm Springs!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1962
- Lot Size
- 11,325 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Palm Springs Unified Schools
Vista Del Monte Elementary School
Grades K-5 • 0.4 mi
Raymond Cree Middle School
Grades 6-8 • 0.5 mi
Palm Springs High School
Grades 9-12 • 2.5 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 70% |
| Baths | 4.0 | 3.0 | 70% |
| Square foot | 2,749 | 1,964 | 83% |
| Lot Size | 11,325 | 9,583 | 74% |
| Price | $1.36M | $900.0K | 78% |
| Price per sq ft | $495 | $478 | 54% |
| Built year | 1962 | 1989 | 27% |
| HOA | $0 | $0 | 50% |
| Days on market | 152 | 179 | 36% |
Pricing History
Listed for Sale
Nov 20, 2025
$1,360,000
$1,435,000
-5% Price Drop
Initial Listing
Price Change
Oct 6, 2025
$1,435,000
Initial Listing