RealKey
‪(213) 433-7766‬

1123 E El Cid, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 2 bath

1123 E El Cid, Palm Springs, California 92262 home-pic-0
ACTIVE$819,888
1123 E El Cid, Palm Springs, California 92262
3Beds
2Baths
1,722Sqft
13,068Lot

Price Vs. Estimate

The estimated value ($819,888) is $0 (0%) lower than the list price ($819,888). This property may be overpriced.

Key pros and cons

Top Pros:
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 = 13068, living area = 1722.
Top Cons:
Previous Escrow Failure: The property recently fell out of escrow after 65 days, which may signal underlying issues or buyer concerns that warrant further investigation.

Compared to the nearby listings

Price:$819.9K vs avg $925.0K ($-105,112)38%
Size:1,722 sqft vs avg 2,096 sqft38%
Price/sqft:$476 vs avg $49046%

More Insights

Built in 1977 (48 years old).
Condition: Despite being built in 1977, this property has undergone an extensive and high-quality renovation, particularly evident in the kitchen and bathrooms. The kitchen features modern two-tone cabinetry, pristine white quartz countertops with a waterfall island, a stylish subway tile backsplash, and a full suite of stainless steel appliances including a gas range with a modern hood. Recessed lighting and contemporary pendant fixtures complete the look. The bathrooms boast modern vanities with dual sinks, quartz countertops, and updated fixtures. While the main living areas feature well-maintained terracotta-style tile flooring and bedrooms have clean carpeting, the critical areas of the home meet current quality standards and appear virtually new, making the property move-in ready with no deferred maintenance.
Year Built
1977
Close
-
List price
$820K
Original List price
$829K
Price/Sqft
$476
HOA
-
Days on market
-
Sold On
-
MLS number
PW25107475
Home ConditionExcellent
Features
Good View: Mountain(s), Peek-A-Boo
Pool
Patio
ViewMountain(s), Peek-A-Boo

About this home

WONDERFULL PALM SPRINGS. The beauty of Palm Springs living awaits you in this home. Renovated and Furnished this home shows the grace and style of desert living with casual, fun sophistication and charm. This home is move in or rental ready and comes FURNISHED and turn key 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. 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. This property and location would make a great family home, staycation home and investment and at $476/sq. ft. this home is well below the average of $612/ sq. ft. of other homes for sale in the area. This property was in escrow for 65 days and fell out of escrow on 9-20-25. At the time the property was in escrow at $828k and also appraised at this price. Seller is cooperative and will consider all reasonable offers.

Nearby schools

6/10
Vista Del Monte Elementary School
Public,•K-5•0.7mi
4/10
Raymond Cree Middle School
Public,•6-8•0.2mi
6/10
Palm Springs High School
Public,•9-12•2.1mi
4/10
Desert Learning Academy
Public,•K-12•2.3mi
Condition Rating
Excellent
Despite being built in 1977, this property has undergone an extensive and high-quality renovation, particularly evident in the kitchen and bathrooms. The kitchen features modern two-tone cabinetry, pristine white quartz countertops with a waterfall island, a stylish subway tile backsplash, and a full suite of stainless steel appliances including a gas range with a modern hood. Recessed lighting and contemporary pendant fixtures complete the look. The bathrooms boast modern vanities with dual sinks, quartz countertops, and updated fixtures. While the main living areas feature well-maintained terracotta-style tile flooring and bedrooms have clean carpeting, the critical areas of the home meet current quality standards and appear virtually new, making the property move-in ready with no deferred maintenance.
Pros & Cons

Pros

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 = 13068, living area = 1722.
Exceptional Location: Situated minutes from Palm Canyon Drive, providing convenient access to Palm Springs' vibrant dining, shopping, and entertainment scene.
High Income & Rental Potential: Offered fully furnished and turn-key, with a proven history of Airbnb income and eligibility for short-term rentals due to the neighborhood not reaching the city's cap.
Strong Value Proposition: Priced significantly below the area's average price per square foot ($476/sq. ft. vs. $612/sq. ft.), presenting an attractive investment opportunity.
Move-in Ready & Renovated: The home is renovated and comes completely furnished, allowing for immediate occupancy or rental operation without further investment in setup.
Appraised Value & Scenic Views: Previously appraised at a higher value ($828k) and boasts desirable mountain views, enhancing its intrinsic and aesthetic appeal.

Cons

Previous Escrow Failure: The property recently fell out of escrow after 65 days, which may signal underlying issues or buyer concerns that warrant further investigation.
Recent Price Reduction: A recent price drop from $828,888 to $819,888 could indicate difficulty in attracting buyers at the initial price point or a perceived overvaluation.
Property Age: Built in 1977, the home is nearly 50 years old, which, despite renovations, might suggest potential for aging infrastructure or higher maintenance costs compared to newer properties.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state