1355 S San Mateo Drive, Palm Springs, California 92264, Palm Springs, 92264 - 2 bed, 2 bath

1355 S San Mateo Drive, Palm Springs, California 92264 home-pic-0
ACTIVE$1,295,000
1355 S San Mateo Drive, Palm Springs, California 92264
2Beds
2Baths
1,560Sqft
10,454Lot
Year Built
1964
Close
-
List price
$1.29M
Original List price
$1.29M
Price/Sqft
$830
HOA
-
Days on market
-
Sold On
-
MLS number
219130051DA
Home ConditionExcellent
Features
Excellent View: Mountain(s)
Pool
Spa
Patio
ViewMountain(s)

About this home

We found 3 Cons,5 Pros. Rank: price - $1.29M(51th), sqft - 1560(25th), beds - 2(14th), baths - 2(33th).

Own a Timeless, Well-Designed Alexander-Built residence located in the heart of Palm Springs. Nestled in the highly sought-after Los Compadres neighborhood and situated on fee land (you own the land--no lease!) with plenty of room to build a potential ADU or Casista. This stunning Mid-Century Modern Ranch home has been reimagined with a complete floor-to-ceiling renovation. Enter through double hardwood front doors to find quality craftsmanship with every step. Featuring; a spacious living and dining area with fireplace, custom flooring & baseboards and a gourmet kitchen that is a chef's dream--highlighted by an oversized granite island, stainless steel appliances, and an abundance of custom cabinetry--all with views of the serene backyard oasis. Outside, the private backyard is what you want in a Desert Retreat. Complete with breathtaking mountain views, a sparkling pool and spa, an expansive covered patio, gazebo, built-in BBQ, and an outdoor shower--ideal for entertaining or unwinding under the sun. Bonus: No HOA, and the community is well under the city short term vacation rental threshold, making it an excellent investment opportunity for short-term rentals.

Nearby schools

4/10
Cahuilla Elementary School
Public,K-51.1mi
4/10
Raymond Cree Middle School
Public,6-82.9mi
4/10
Desert Learning Academy
Public,K-120.7mi
6/10
Palm Springs High School
Public,9-121.0mi

Price History

Date
Event
Price
05/14/25
Listing
$1,295,000
Condition Rating
Excellent

Despite being built in 1964, the listing explicitly states a 'complete floor-to-ceiling renovation,' which is strongly supported by the images. The kitchen features modern white and dark custom cabinetry, granite countertops, stainless steel appliances, and contemporary lighting. Bathrooms are similarly updated with modern vanities, granite, and fixtures. Flooring is a mix of large format tile and hardwood, all appearing new and high-quality. The overall aesthetic is fresh, modern, and shows no signs of wear or deferred maintenance, aligning perfectly with the 'Excellent' condition criteria for a recently and extensively renovated property.
Pros & Cons

Pros

Iconic Mid-Century Modern & Full Renovation: An Alexander-Built residence that has undergone a complete floor-to-ceiling renovation, seamlessly blending timeless architectural design with modern luxury and amenities.
Prime Location & Fee Simple Ownership: Located in the highly sought-after Los Compadres neighborhood on fee land (you own the land, no lease), offering true ownership and a desirable address in Palm Springs.
Resort-Style Outdoor Oasis with Views: The private backyard is a true desert retreat, featuring a sparkling pool and spa, expansive covered patio, gazebo, built-in BBQ, outdoor shower, and breathtaking mountain views, ideal for entertaining and relaxation.
Exceptional Investment & Income Potential: Benefits from no HOA and favorable short-term vacation rental regulations, making it an excellent investment opportunity, further enhanced by ample room for a potential ADU or casita.
Gourmet Kitchen & High-End Interior Finishes: Features a chef's dream gourmet kitchen with an oversized granite island, stainless steel appliances, and custom cabinetry, complemented by custom flooring and baseboards throughout the interior.

Cons

Limited Bedroom Count: With only 2 bedrooms, the property may not suit larger families or those requiring more guest rooms or dedicated office spaces, potentially narrowing the buyer pool.
Absence of Garage/Covered Parking: The property description does not mention a garage or dedicated covered parking, which can be a desirable feature for vehicle protection and storage, especially in the desert climate.
Modest Square Footage for Price Point: At 1560 sqft, the interior living space might be considered modest for its price point, potentially limiting appeal to buyers seeking more expansive interiors.

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