1861 S Palm Canyon Drive, Palm Springs, California 92264, Palm Springs, 92264 - 3 bed, 3 bath
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Palm Springs, California 92264
This Turnkey Spanish Colonial Retreat is a Strong Value Opportunity, listed at $1,165,000—positioned well below the $1,215,063 Fair Market Value by 4%. This valuation gap offers $50,063 in Instant Equity for buyers. Boasting an Excellent Condition Rating, the residence features a modernized kitchen, sparkling pool, and mountain views in the iconic Mesa neighborhood. Optimized for the short-term rental market with dual climate control and proximity to Cahuilla Elementary, it balances high-yield potential with lifestyle luxury. This is an ideal acquisition for Short-Term Rental Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1861 S Palm Canyon Drive Subject | $1,165,000* List Price | 3 | 3 | 2,071 | $587 | - |
A 215 W Camino Alturas Sold | $1,279,000 | 3 | 3 | 2,148 | $595 | 0.1 mi |
B 982 E Marion Way Sold | $1,200,000 | 3 | 4 | 2,672 | $449 | 0.5 mi |
C 250 E Sonora Road Sold | $1,130,000 | 3 | 2 | 1,580 | $715 | 0.5 mi |
D 2030 S Joshua Tree Place Active | $1,395,000 List Price | 3 | 3 | 2,100 | $664 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1946, this Spanish Colonial home has undergone an extensive and high-quality renovation within the last 5 years, presenting in turnkey condition. The kitchen is fully modernized with stainless steel appliances, quartz countertops, and contemporary cabinetry. The interior features updated wood-look flooring, recessed lighting, and a newer dual-climate control system consisting of central HVAC and individual mini-splits. All visible components, including the fireplace and outdoor pool area, meet current modern quality standards with no signs of deferred maintenance.
Situated in the iconic 'The Mesa' neighborhood of South Palm Springs, the property offers a perfect balance of mountain views and tranquility while remaining in close proximity to downtown attractions.
This turnkey Spanish Colonial home is specifically updated for the rental market, featuring an open-concept layout and high-demand amenities like a private pool, fire pit, and dual refrigerators for turnover efficiency.
The property features a newer central HVAC system supplemented by individual mini-split units in every bedroom, ensuring maximum guest comfort and energy efficiency in the desert climate.
Located on S Palm Canyon Drive, a primary thoroughfare, the property may experience higher levels of street noise compared to more secluded interior lots within the neighborhood.
As a 1946 Spanish Colonial structure, the home may possess aging underlying systems or require specialized maintenance typical of historic properties, despite recent cosmetic and functional updates.
Welcome to The Mesa, one of South Palm Springs' most iconic and desirable neighborhoods. An established favorite among vacation rental guests for its mountain views, tranquility, and proximity to downtown. This 1946 Spanish Colonial home has been thoughtfully updated to meet the expectations of today's short-term rental market, offering the perfect blend of charm, comfort, and functionality. The light-filled open-concept living, dining, and kitchen area creates an inviting space for groups, ideal for maximizing guest satisfaction and occupancy. Climate control is a standout feature, with a newer central HVAC system plus individual mini-split units in each of the three bedrooms. An increasingly sought-after amenity for guest comfort and energy efficiency. The kitchen is designed with convenience in mind, featuring a spacious walk-in pantry, second refrigerator, and in-unit stacked washer/dryer, perfect for turnover efficiency and longer guest stays. Set on a private, gated 8,276 sq ft lot, the outdoor space is a true revenue driver. Guests will love the sparkling pool, covered lounge area, and gas fire pit, all surrounded by mature landscaping that enhances privacy and creates a true desert resort experience. This property is well-positioned for immediate use as a high-performing vacation rental or hybrid personal retreat. Whether you're expanding your portfolio or entering the Palm Springs short-term rental market, this turnkey opportunity in The Mesa checks all the boxes for strong guest appeal and income potential.
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades 6-8 • 3.3 mi
Grades K-12 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,071 | 2,266 | 39% |
| Lot Size | 8,276 | 10,019 | 33% |
| Price | $1.17M | $1.34M | 37% |
| Price per sq ft | $563 | $608 | 41% |
| Built year | 1946 | 1976 | 4% |
| HOA | $0 | $0 | 50% |
| Days on market | 52 | 158 | 5% |
Mar 1, 2026
$1,165,000
Initial Listing
Aug 6, 2014
$490,000
Public Record
Aug 21, 2013
$385,000
Public Record
Sep 6, 2006
$648,000
Public Record
Jul 13, 2005
$580,000
Public Record