1861 S Palm Canyon Drive, Palm Springs, California 92264, Palm Springs, 92264 - 3 bed, 3 bath
1861 S Palm Canyon Drive
Palm Springs, California 92264
Property Price
SUMMARY
Analysis of 1861 S Palm Canyon Drive, Palm Springs, California 92264 reveals a Prime Investment Opportunity with a current list price of $1,165,000—significantly undercutting the $1,218,935 Fair Market Value by 4%. This valuation gap indicates a +$53,935 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Palm Springs Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
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 | $589 | - |
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 | $1,449,000 List Price | 3 | 3 | 2,100 | $690 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Although originally built in 1946, this property has undergone an extensive high-end renovation that meets modern standards. The home features a fully updated open-concept kitchen with premium appliances, modern bathrooms with contemporary tiling and fixtures, and high-quality flooring throughout. Significant infrastructure upgrades, including a newer dual HVAC system (central plus mini-splits), and updated electrical, plumbing, and gas lines, eliminate deferred maintenance and justify an excellent condition rating.
PROSSTRENGTHS & OPPORTUNITIES
- Historic Charm with Modern Infrastructure
This 1940s Spanish Colonial home in the prestigious Mesa enclave features essential modern upgrades, including new electrical, plumbing, and a dual-system HVAC for optimal desert comfort.
- Private Outdoor Living
The gated 8,276 sq ft lot offers a secluded sanctuary with a sparkling pool, gas fire pit, and lush greenery, all set against the backdrop of the San Jacinto Mountains.
- Prime South Palm Springs Location
Situated in the storied Mesa neighborhood, the property provides a tranquil residential feel while being minutes away from the vibrant dining and shopping of downtown Palm Springs.
CONSRISKS & DEFICIENCIES
- Vintage Architectural Constraints
Despite modern updates, the 1946 construction may feature smaller secondary rooms or a layout that lacks the expansive scale found in contemporary luxury builds.
- Average School Ratings
The assigned local schools currently hold average ratings (4-6), which may be a consideration for buyers with school-aged children prioritizing top-tier educational districts.
About 1861 S Palm Canyon Drive
Welcome to The Mesa, a storied residential enclave nestled at the base of the majestic San Jacinto Mountains in South Palm Springs. This historic neighborhood boasts an eclectic mix of architectural styles that reflect the rich evolution of our city, and this home stands as a quintessential example of 1940s Spanish Colonial charm, thoughtfully updated for today's modern living. Step inside to discover a light-filled open-concept living, dining, and kitchen area, perfect for entertaining or relaxing in style. Upgrades include a newer central AC/HVAC system plus individual mini-split units in each of the three bedrooms, offering customizable climate control throughout the home. The kitchen features a spacious walk-in pantry with a second refrigerator and a stacked washer/dryer for added convenience. Behind a gated driveway, this 8,276 sq ft lot offers rare privacy with tall, lush greenery enclosing the serene outdoor space. Enjoy off-street parking, gas fire pit, and a sparkling pool with a covered lounge area, ideal for year-round desert living. With upgraded electrical, plumbing, and gas lines already in place, this move-in ready home is the perfect blend of classic style and modern comfort. Whether you're searching for a full-time residence or a weekend retreat, this tranquil oasis in The Mesa is ready to welcome you home.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1946
- Lot Size
- 8,276 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Palm Springs Unified Schools
Cahuilla Elementary School
Grades K-5 • 0.8 mi
Raymond Cree Middle School
Grades 6-8 • 3.3 mi
Desert Learning Academy
Grades K-12 • 1.9 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,071 | 2,303.5 | 36% |
| Lot Size | 8,276 | 10,236.5 | 39% |
| Price | $1.17M | $1.43M | 36% |
| Price per sq ft | $563 | $606 | 40% |
| Built year | 1946 | 1972 | 8% |
| HOA | $0 | $0 | 50% |
| Days on market | 6 | 163 | 1% |
Pricing History
Listed for Sale
Mar 1, 2026
$1,165,000
Initial Listing
Sold
Aug 6, 2014
$490,000
Public Record
Sold
Aug 21, 2013
$385,000
Public Record
Sold
Sep 6, 2006
$648,000
Public Record
Sold
Jul 13, 2005
$580,000
Public Record