15840 Clearwater, Palm Springs, California 92262, Palm Springs, 92262 - 4 bed, 2 bath
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Palm Springs, California 92262
This 4-bedroom Single Family Residence is a Strong Value Opportunity, listed at $439,900—positioned well below the $441,337 Fair Market Value by 0.33%. Featuring a Good Condition Rating, this home offers unobstructed mountain views and a private rear yard in a quiet, perimeter location. With a proven track record for short-term rentals and modern infrastructure like a 5-ton A/C, it provides immediate utility. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a turnkey, low-maintenance desert home.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 15840 Clearwater Subject | $424,900* List Price | 4 | 2 | 1,752 | $245 | - |
A 15811 Oreana Way Sold | $454,900 | 4 | 3 | 1,982 | $230 | 0.2 mi |
B 15780 La Vida Sold | $425,000 | 3 | 3 | 2,016 | $211 | 0.2 mi |
C 59915 Palm Oasis Avenue Sold | $410,000 | 3 | 2 | 1,575 | $260 | 0.3 mi |
D 22500 Fawnridge Drive Sold | $370,000 | 4 | 3 | 1,400 | $264 | 0.8 mi |
E 15880 La Vida Drive Active | $349,900 List Price | 3 | 4 | 1,696 | $206 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2006, this 20-year-old property falls within the 'Good' range. It is well-maintained and move-in ready with functional systems, including a powerful 5-ton A/C and dual-pane windows. While the kitchen features dated tile countertops and white appliances, the overall condition is clean and requires no immediate maintenance.
With a documented history of successful short-term rental performance, this property is a turnkey opportunity for investors seeking immediate cash flow in the Palm Springs market.
Situated on the final street of the neighborhood adjacent to open fields and hiking trails, the home offers superior privacy and unobstructed mountain views compared to interior lots.
Built in 2006 and featuring a powerful 5-ton A/C system, energy-efficient dual-pane windows, and tile flooring throughout, the home is well-equipped for the desert climate with low maintenance needs.
Located in the North End of Palm Springs, the property is further removed from the downtown core's primary dining and shopping attractions, requiring a commute for most amenities.
The assigned public schools have modest ratings ranging from 4 to 6, which may be a drawback for families prioritizing high-performing educational districts.
Great North Palm Springs home is now available. First-time home buyer or a seasoned investor looking for a property with superb AirBnB history, this home is a great buy! Located in San Jacinto Cove neighborhood of Palm Springs, just minutes away to shops and restaurants, this home has both the ultimate privacy and beautiful mountain views. Clearwater Way is the last street in the neighborhood, across from open fields and mountain hiking. The views from this home are spectacular at night if peace and tranquility is your desire, this is truly the home for you. This fully updated and spacious custom home has 4 bedrooms and 2.5 baths, has been well-maintained, and is ready to move in, with tons of great features including: ceiling fans, large laundry room,extra large primary suite with walk-in closet, energy efficient dual pane windows and sliders, a powerful 5-ton A/C, tile flooring throughout, and an extra large 2-car garage and room for more parking in the driveway. The rear yard is fully private with a block wall fence, updated landscape, perfect for relaxation and extremely low maintenance.
No exterior & parking available.
Grades K-5 • 5.2 mi
Grades 6-8 • 5.8 mi
Grades 9-12 • 7.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,752 | 2,076 |
| Lot Size | 6,970 | 10,454 |
| Price | $424.9K | $1.04M |
| Price per sq ft | $243 | $525 |
| Built year | 2006 | 1977 |
| HOA | $0 | $332 |
| Days on market | 46 | 75 |
Jun 26, 2026
$424,900
$439,900
-3% Price Drop
Initial Listing
Jun 6, 2026
$439,900
Initial Listing
Nov 5, 2024
$489,000
Public Record
Jun 26, 2009
$73,500
Public Record
Aug 3, 2005
$95,000
Public Record