
Palm Springs, California 92262
This Turnkey Single Family Residence is a High-Potential Investment Opportunity, listed at $719,000—positioned above the $642,597 Fair Market Value by 11%. While priced at a premium, the property offers a Condition Rating of 4, featuring a resort-style backyard with a pool, spa, and mountain views. With short-term rental permits available and Fee Land ownership, this asset provides significant income potential. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a move-in-ready desert retreat.
Palm Springs home for sale with pool, spa, and mountain views. 3BD/2BA turnkey property on fee land with short-term rental potential. Ideal investment opportunity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1598 Amelia Way Subject | $719,000* List Price | 3 | 2 | 1,492 | $431 | - |
A 2220 N Paseo De Anza Sold | $650,000 | 3 | 2 | 1,492 | $436 | 0.1 mi |
B 1391 E Gem Circle Sold | $570,000 | 3 | 2 | 1,258 | $453 | 0.2 mi |
C 1425 E Luna Way Sold | $695,000 | 3 | 2 | 1,475 | $471 | 0.2 mi |
D 1481 E Padua Way Sold | $655,000 | 3 | 2 | 1,560 | $420 | 0.1 mi |
E 2275 N Sandra Road Sold | $640,000 | 3 | 2 | 1,560 | $410 | 0.2 mi |
F 1494 E Gem Circle Sold | $680,000 | 3 | 2 | 1,475 | $461 | 0.2 mi |
G 1838 N Nogales Way Sold | $600,000 | 3 | 2 | 1,746 | $344 | 0.4 mi |
H 1305 E Rosarito Way Sold | $520,000 | 3 | 2 | 1,407 | $370 | 0.4 mi |
I 1479 E Francis Drive Active | $775,000 List Price | 3 | 2 | 1,475 | $525 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2001, the property is over 20 years old and retains dated features such as white tile countertops and original cabinetry. While well-maintained with recent paint and newer appliances, it lacks a modern renovation to meet 'Good' or 'Excellent' standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8276, living area = 1492.
The private, hedge-lined backyard serves as a personal oasis featuring a sparkling pool with a waterfall, an elevated spa, a fire pit, and stunning western mountain views.
Situated on Fee Land (land you own) with short-term rental permits available, this property offers significant financial upside and flexibility for both investors and seasonal residents.
At 1,492 square feet for a three-bedroom layout, the interior living spaces and guest rooms may feel somewhat constrained compared to larger contemporary builds in the area.
The assigned local schools, such as Raymond Cree Middle and Desert Learning Academy, have lower performance ratings, which may be a consideration for families with school-aged children.
Newly refreshed with a repainted exterior, this 3 BD, 2 BA home will charm a buyer or investor, well-located in Palm Springs where a short term rental permit is available. The standout feature is the memorable outdoor experience, fully private, hedge-lined backyard looking west to the mountains that centers around a sparkling pool with a tanning shelf, waterfall, and an elevated spa. Lounging and dining areas, lovely desert landscaping, a fire pit, all make the yard feel like a private resort. Well-maintained, including a recently repainted interior, a new pool heater, and with appliances only a handful of years old, this home is an excellent move-in-ready opportunity for family or investor alike.Inside, the layout opens to bright main living area with vaulted ceiling, a fireplace, and an area and a piano alcove, easily made a dining area. The adjacent kitchen has bar seating and a dining area connected to the beautiful patio outside. The primary suite enjoys vaulted ceilings and has access to the pool and patio, its own dual vanity en suite bath, and walk in closet. Two additional guest bedrooms are served by another full bathroom. On Fee Land (you own it) and furnished with some exceptions, take the opportunity to join this desirable neighborhood near it all.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades 6-8 • 0.6 mi
Grades 9-12 • 2.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,492 | 2,076 |
| Lot Size | 8,276 | 10,454 |
| Price | $719.0K | $1.04M |
| Price per sq ft | $482 | $525 |
| Built year | 2001 | 1977 |
| HOA | $0 | $332 |
| Days on market | 12 | 75 |
Jul 10, 2026
$719,000
Initial Listing
Aug 12, 2015
$380,000
Public Record
Jul 17, 2002
$190,000
Public Record