1123 E El Cid, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 2 bath
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Palm Springs, California 92262
This Turnkey Single Family Residence is a Strong Value Opportunity, listed at $798,888—positioned well below the $805,467 Fair Market Value by 0.82%. This valuation gap offers $6,579 in Instant Equity. Featuring a high-end renovation and Mint Condition Rating, this home includes a modern kitchen and mountain views. With its short-term rental potential and proximity to Palm Canyon Drive, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a move-in ready desert sanctuary.
Turnkey 3BR Palm Springs home with mountain views. Renovated, furnished, and rental-ready. Instant equity opportunity near Palm Canyon Drive. Move-in ready!
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1123 E El Cid Subject | $795,888* List Price | 3 | 2 | 1,722 | $464 | - |
A 1371 E Del Paso Sold | $930,000 | 3 | 2 | 1,792 | $519 | 0.1 mi |
B 1834 N Hidalgo Way Sold | $754,900 | 3 | 2 | 1,872 | $403 | 0.3 mi |
C 1056 E Vista Chino Sold | $710,000 | 3 | 2 | 1,452 | $489 | 0.1 mi |
D 2175 N Sandra Road Sold | $700,000 | 4 | 3 | 1,672 | $419 | 0.6 mi |
E 2275 N Sandra Road Sold | $640,000 | 3 | 2 | 1,560 | $410 | 0.6 mi |
F 2097 N Berne Drive Sold | $972,600 | 3 | 2 | 1,830 | $531 | 0.3 mi |
G 2200 N Carillo Road Active | $739,900 List Price | 4 | 2 | 1,498 | $494 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1977, the property has undergone a high-end renovation within the last 5 years. The kitchen features modern waterfall quartz countertops, blue shaker cabinetry, and stainless steel appliances. Bathrooms are fully updated with contemporary vanities and fixtures. The home is in mint, move-in ready condition with updated lighting and flooring throughout.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13068, living area = 1722.
The property is fully renovated and sold furnished, making it immediately ready for occupancy or as a short-term rental in a neighborhood that has not yet reached the city's rental cap.
Situated just minutes from Palm Canyon Drive, residents enjoy easy access to the city's premier dining, shopping, and entertainment 'strip' while maintaining a residential feel.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =13068, other record lot size in square feet = 10018.
Built in 1977, the home may feature older infrastructure or layout elements that, despite renovations, might not fully align with the standards of modern new-construction homes.
Located only 0.15 miles from Raymond Cree Middle School, the property may experience increased traffic, noise, and congestion during peak school drop-off and pick-up hours.
WELCOME TO 1123 EL CID. Renovated and Furnished this home shows the grace and style of desert living with casual, fun sophistication and charm. This home comes furnished so it is move in ready or rental ready so all you have to do is unpack and start enjoying or just kick back and collect rental income. This property in the past has received AIRBNB equivalent income and this neighborhood has not yet reached the cities short term rental cap so short term rental is a option. At $462 dollars per sq. ft. this home is one of the lowest if not the lowest price per sq. ft. homes for sale in this area and the YTD average price per sq. ft. for a SFR is approx $625. Only minutes from Palm Canyon Drive the "strip" of Palm Springs that puts you just close enough to where all the action is with fine dining, signature cocktails, shows, shopping, museums, gaming, night clubs and more. Seller is cooperative and will consider all reasonable offers.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades 6-8 • 0.2 mi
Grades 9-12 • 2.1 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 | 48% |
| Square foot | 1,722 | 1,939.5 | 38% |
| Lot Size | 13,068 | 9,583 | 81% |
| Price | $795.9K | $875.0K | 44% |
| Price per sq ft | $462 | $487 | 43% |
| Built year | 1977 | 1986 | 37% |
| HOA | $0 | $0 | 50% |
| Days on market | 25 | 180 | 2% |
May 19, 2026
$795,888
$798,888
+0% Price Increase
Initial Listing
May 13, 2026
$798,888
Initial Listing