
Palm Springs, California 92264
This Single Family Residence represents a Strong Value Opportunity, listed at $625,000—positioned well below the $598,971 Fair Market Value by -4%. While the list price is slightly above the estimated value, the property’s R2 Zoning and eligibility for the Short Term Rental permit program provide significant upside. Featuring a Condition Rating of 3, this home includes a newer pool and spa and San Jacinto Mountain views. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, move-in-ready desert retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1345 E Camino Primrose Subject | $550,000* List Price | 2 | 1 | 1,207 | $493 | - |
A 523 S Vista Oro Sold | $700,000 | 2 | 2 | 1,326 | $528 | 0.4 mi |
B 575 S Calle Santa Rosa S Sold | $609,000 | 3 | 2 | 1,453 | $419 | 0.6 mi |
C 690 S Calle Palo Fierro Pending | $549,950 List Price | 4 | 2 | 1,276 | $431 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1938, the property is well-maintained and move-in ready. It features fresh interior paint, updated flooring, and a newer pool and spa. The description and images indicate a functional home that has been refreshed within the 5-15 year window, avoiding the 'dated' feel of the fair category.
The property is situated on Fee Land, meaning the land is owned outright rather than leased, which is a significant advantage in Palm Springs that simplifies financing and enhances long-term value.
Currently eligible for the City's Short Term Rental permit program and featuring R2 zoning, this property offers exceptional flexibility for investors or those looking to expand in a high-demand neighborhood.
The south-facing backyard is a standout feature, boasting a newer pool and spa, a circular gas fire pit, and stunning San Jacinto Mountain views that provide a perfect backdrop for desert entertaining.
With only one bathroom serving two bedrooms, the home's layout may be a drawback for modern buyers or vacation renters who typically expect a higher bathroom-to-bedroom ratio.
The modest 1,207 square foot interior and 5,227 square foot lot size may feel restrictive for those seeking a more spacious estate or larger private grounds.
1938 vintage character. Pool and spa. Fee Land (you own it). This charming property delivers the Palm Springs lifestyle so many buyers seek and is currently eligible for the City's Short Term Rental permit program. Flexibility abounds for investors, seasonal residents, or full-time living. A covered front porch welcomes you home. Inside, the living room is filled with natural light and centered around a fireplace, while tall ceilings add to the sense of volume. Fresh interior paint gives the home a crisp, move-in-ready feel. The eat-in kitchen opens easily to the main living space, while the adjoining dining area is bathed in natural light and could also serve as a home office, reading room, or creative studio. Outdoor living takes center stage. A covered patio overlooks the south-facing backyard featuring a newer pool and spa, circular gas fire pit, mature hedging, and gated privacy. San Jacinto Mountain views rise to the west and provide a beautiful backdrop for afternoons by the pool and evenings under the stars. Two well-separated bedrooms with generous closets share a bath. A dedicated laundry room with utility sink and exterior access adds convenience and functionality. Located in the Warm Sands neighborhood, this special property enjoys easy access to Downtown Palm Springs, restaurants, nightlife, shopping, and the south end of town. Additional value comes from the property's R2 zoning designation. Character homes with pools and this level of outdoor enjoyment are increasingly difficult to find.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 3.0 |
| Square foot | 1,207 | 2,076 |
| Lot Size | 5,227 | 10,454 |
| Price | $550.0K | $1.04M |
| Price per sq ft | $456 | $525 |
| Built year | 1938 | 1977 |
| HOA | $0 | $332 |
| Days on market | 44 | 75 |
Jul 15, 2026
$550,000
$575,000
-4% Price Drop
Initial Listing
Jul 7, 2026
$575,000
$600,000
-4% Price Drop
Initial Listing
Jun 24, 2026
$600,000
$625,000
-4% Price Drop
Initial Listing
Jun 8, 2026
$625,000
Initial Listing
Jun 15, 2018
$315,000
Public Record
Apr 18, 2008
$395,000
Public Record