1077 S Riverside Drive, Palm Springs, California 92264, Palm Springs, 92264 - 3 bed, 2 bath
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Palm Springs, California 92264
This Value-Add Mid-Century Ranch in the prestigious Tahquitz River Estates is listed at $1,399,995, representing a premium acquisition in a high-demand corridor. While the list price sits above the $1,158,575 Fair Market Value, the property’s Short-Term Rental Eligibility and Panoramic Mountain Views offer significant income-producing potential. Currently assigned a Condition Rating of 5, the home requires a full-scale modernization to maximize its value on the expansive 10,890 sq. ft. lot. Located near Cahuilla Elementary, this is a strategic opportunity for Fix-and-Flip Investors or Contractors ready to execute a high-end desert restoration.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1077 S Riverside Drive Subject | $1,399,995* List Price | 3 | 2 | 1,788 | $648 | - |
A 1983 S Yucca Place Sold | $1,300,000 | 3 | 2 | 2,136 | $609 | 1.0 mi |
B 1251 E San Lorenzo Road Sold | $1,550,000 | 4 | 3 | 2,494 | $621 | 0.1 mi |
C 1455 S Calle De Maria Active | $1,370,000 List Price | 4 | 4 | 2,387 | $574 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1949, this property requires substantial rehabilitation and modernization. Interior images reveal significant deferred maintenance, most notably large sections of peeling or damaged ceiling in the kitchen and dining areas. The kitchen is severely outdated with aged cabinetry, tile countertops, and vintage appliances. While the exterior and pool area offer potential, the interior's condition, including the presence of wall-mounted AC units and dated fixtures, aligns with the 'poor' classification requiring major system and cosmetic overhauls.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10890, living area = 1788.
Located in Tahquitz River Estates, this property is currently eligible for a full short-term rental permit, offering exceptional income potential for investors targeting the Airbnb and VRBO markets.
The expansive 10,890 sq. ft. lot features a sparkling pool, covered patio, and stunning panoramic mountain views, perfectly designed for the quintessential Palm Springs indoor-outdoor lifestyle.
Built in 1949, the property is marketed as an opportunity to update and customize, indicating that buyers may need to budget for significant renovations to meet modern luxury standards.
At a list price of approximately $1.4 million for a 1,788 sq. ft. home needing updates, the price per square foot is high, which may deter buyers looking for a turnkey residence.
Original Palm Springs ranch-style home designed for true resort-style living. Set against a backdrop of stunning mountain views, the expansive backyard features a sparkling pool and covered patio--creating the perfect setting for year-round indoor-outdoor living, entertaining, and relaxation.This 3-bedroom, 2-bath residence offers seamless flow between interior and exterior spaces, making it ideally suited for hosting guests or operating as a short-term rental. Located in Tahquitz River Estates--currently eligible for a full short-term rental permit--this property presents exceptional Airbnb and VRBO income potential.The front yard is thoughtfully designed with a privacy wall and mature hedging, delivering a serene, resort-like arrival. Inside, the primary suite serves as a private retreat, complete with an en-suite bathroom, walk-in shower, and oversized closets for a true hotel-style experience. Two additional guest bedrooms are well-separated, providing comfort and privacy for visitors or extended stays.Whether you're seeking a primary residence, a lock-and-leave second home, or an income-producing investment, this home offers flexibility, lifestyle, and strong rental appeal in one of Palm Springs' most desirable neighborhoods.Ideally located just moments from some of the city's most popular destinations, including Bar Cecil, Del Rey, and Sopa, you'll enjoy the best of Palm Springs right at your doorstep.An exceptional opportunity to update, customize, and add value--perfect for buyers looking to create their own desert retreat or maximize investment potential.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades 6-8 • 2.4 mi
Grades K-12 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 25% |
| Square foot | 1,788 | 2,266 | 28% |
| Lot Size | 10,890 | 10,019 | 59% |
| Price | $1.40M | $1.35M | 53% |
| Price per sq ft | $783 | $609 | 82% |
| Built year | 1949 | 1976 | 9% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 158 | 1% |
Apr 14, 2026
$1,399,995
Initial Listing