1635 Palm Tree Drive, Palm Springs, California 92264, Palm Springs, 92264 - 4 bed, 4 bath
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Palm Springs, California 92264
This Mid-Century Modern Residence is a Strong Value Opportunity, listed at $2,125,000—positioned well below the $2,291,915 Fair Market Value by 7%. This valuation gap offers $166,915 in Instant Equity. Featuring an Excellent Condition Rating with recent renovations, a Solar Energy System, and Panoramic Mountain Views, the property is a turnkey asset. Located in historic Deepwell Estates, it offers high-demand vacation rental potential. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a luxury desert retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1635 Palm Tree Drive Subject | $2,125,000* List Price | 4 | 4 | 3,357 | $683 | - |
A 240 W El Portal Sold | $2,125,000 | 4 | 4 | 3,300 | $644 | 0.9 mi |
B 2358 S Alhambra Drive Sold | $2,389,000 | 4 | 3 | 3,477 | $687 | 0.9 mi |
C 678 S Thornhill Road Sold | $2,360,000 | 4 | 6 | 3,392 | $696 | 0.7 mi |
D 1377 S Riverside Drive Sold | $2,395,000 | 4 | 4 | 2,961 | $809 | 0.5 mi |
E 1190 S Calle De Maria Active | $2,200,000 List Price | 4 | 3 | 3,470 | $634 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1956, the property has undergone a comprehensive recent renovation (likely <5 years) including a modern kitchen with new cabinetry and high-end stainless steel appliances, new dual-pane windows and sliding doors, updated flooring, and fresh interior paint. The addition of a solar energy system and the mint, move-in-ready condition of the interior systems meet the criteria for excellent.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 15246, living area = 3357.
Located in the historic Deepwell Estates, this home features preserved post-and-beam architecture and expansive walls of glass that frame stunning San Jacinto Mountain views.
The property boasts a high-performing solar energy system and new dual-pane aluminum windows, providing significant energy cost offsets and modern comfort in the desert climate.
The property was recently sold within the past year on 2025-12-04. The sold price is $1,500,000.00.
At a list price of $2.125 million, the property is positioned at the higher end of the market, which may limit the pool of qualified buyers despite its extensive upgrades.
The local public schools are rated 4/10, which could be a drawback for families seeking a primary residence with top-tier educational facilities.
Welcome to Deepwell Estates -- one of the most iconic and historically celebrated neighborhoods in Palm Springs, renowned for its celebrity roots, architectural significance, and participation in Modernism Week. Situated on an exclusive street with only six homes, 1635 Palm Tree Drive offers a rare opportunity to own a beautifully updated and fully furnished Mid-Century residence on one of the largest lots in Deepwell Estates.This spacious 4-bedroom, 4-bathroom home spans approximately 3,743 square feet and perfectly blends preserved Mid-Century character with thoughtful modern upgrades. Original post-and-beam architecture and timeless design details remain intact, while recent improvements include new flooring, fresh interior paint throughout, and new dual-pane windows and sliding doors with sleek aluminum frames that enhance both energy efficiency and style.Designed for comfortable desert living and effortless entertaining, the expansive floor plan features a classic galley kitchen equipped with NEW Cabinetry, built-in gas appliances, including a range/oven, microwave, dishwasher, and refrigerator. The home is move-in ready and ideal as a primary residence, seasonal getaway, or luxury vacation rental investment. Walls of glass invite natural light inside while framing breathtaking views of the San Jacinto Mountains.Set on an impressive 0.35-acre lot, the property offers exceptional outdoor potential with ample room for entertaining, relaxation, or future enhancements. The home is also connected to the city sewer system for added convenience.A standout feature is the installed solar energy system, reportedly powerful enough that the previous owner sold excess energy back to Edison, with a current monthly payment of approximately $183.46.Deepwell Estates remains one of Palm Springs' most desirable neighborhoods, known for its glamorous history, architectural pedigree, and strong vacation rental appeal. The neighboring property reportedly generates over $100,000 annually as a vacation rental, highlighting the area's exceptional investment potential.Whether you're seeking a full-time residence, luxurious desert retreat, or income-producing opportunity, 1635 Palm Tree Drive captures the essence of classic Palm Springs living with modern comfort, stunning mountain views, and an unbeatable location in historic Deepwell Estates.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades 6-8 • 2.9 mi
Grades K-12 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 68% |
| Baths | 4.0 | 3.0 | 61% |
| Square foot | 3,357 | 2,330 | 84% |
| Lot Size | 15,246 | 10,019 | 88% |
| Price | $2.12M | $1.44M | 80% |
| Price per sq ft | $633 | $625 | 52% |
| Built year | 1956 | 1976 | 14% |
| HOA | $0 | $0 | 50% |
| Days on market | 15 | 144 | 1% |
May 23, 2026
$2,125,000
Initial Listing
Dec 4, 2025
$1,500,000
Public Record
Jun 5, 2009
$660,000
Public Record
Nov 10, 2005
$825,000
Public Record