
Palm Springs, California 92262
This Architectural Mid-Century Condominium is listed at $529,000, representing a stable valuation aligned with its $511,696 Fair Market Value. Designed by Donald Wexler and slated for the 2027 Modernism Week Tour, this residence holds a Mint Condition Rating following a high-end renovation. Key features include polished concrete floors, a 12-foot multi-slide glass wall, and a proven $87K annual Airbnb revenue stream. Located near the top-rated Katherine Finchy Elementary, this turnkey asset offers a premier lifestyle with three pools and tennis courts. It is an ideal acquisition for Short-Term Rental Investors or Design Enthusiasts.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1988 E Sandalwood Drive Subject | $529,000* List Price | 2 | 2 | 1,050 | $487 | - |
A 842 N Calle De Pinos Sold | $610,000 | 2 | 2 | 1,170 | $521 | 0.5 mi |
B 1874 E Sandalwood Drive Sold | $525,000 | 3 | 2 | 1,248 | $421 | 0.1 mi |
C 830 N Calle De Mimosas Sold | $635,000 | 2 | 2 | 1,262 | $503 | 0.6 mi |
D 2033 E El Alameda Sold | $592,500 | 2 | 2 | 1,170 | $506 | 0.5 mi |
E 1249 Trofeo Circle Sold | $550,000 | 2 | 2 | 1,252 | $439 | 0.2 mi |
F 1715 E El Alameda Active | $590,000 List Price | 2 | 2 | 1,170 | $504 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a comprehensive high-end renovation within the last 5 years, featuring a sleek modern kitchen with quartz countertops, fully updated ensuite tile bathrooms, and polished concrete floors. Critical systems have been modernized, including a full electrical panel replacement (2025), dual-pane windows, and a tankless water heater, meeting the criteria for mint condition with no maintenance required.
Designed by Donald Wexler and slated for the 2027 Modernism Week Tour, this property is a proven investment generating approximately $87K in gross Airbnb revenue since February 2024.
The unit features high-end finishes including polished concrete floors, a 12-foot multi-slide glass wall, and significant infrastructure improvements such as a 2025 electrical panel replacement.
Set on 19 acres of fee-simple land, the community offers a resort-like lifestyle with three heated pools, tennis and pickleball courts, and lush, mature desert landscaping.
The $725 monthly association fee is relatively high for a 1,050-square-foot condominium, which may impact the net ROI for some investors.
At just 1,050 square feet, the interior footprint is somewhat limited for a two-bedroom residence, potentially feeling restrictive for full-time occupants or larger groups.
Welcome to Sagewood Condominiums, a celebrated mid-century community designed by renowned architect Donald Wexler which just received historic designation, offering potential eligibility for Mills Act tax benefits. . Sagewood is also slated to be featured on the 2027 Modernism Week Tour. This highly successful 5-star Airbnb has generated approximately $87K in gross revenue since February 2024, with a local Superhost co-host available to continue management--making this an exceptional turnkey investment opportunity. This open-concept, ground-floor single-level end unit showcases a dramatic 12-foot multi-slide wall of glass that seamlessly connects the interior to an expansive private patio--perfect for indoor-outdoor entertaining. The sleek, modern kitchen features quartz countertops, stainless steel appliances, European dishwasher, oversized island, and a peninsula perfect for casual dining or prep. Offered turnkey furnished for immediate enjoyment or rental income. Both ensuite bedrooms offer custom closet systems and beautifully updated tile baths with walk-in showers. Design-forward finishes include polished concrete floors, recessed lighting, dual-pane windows and sliders, and a tankless water heater with softening system. A one-car garage, additional parking space, and ample storage complete the package, along with a full electrical panel and grounding system replacement (2025). Set across 19 acres of fee-simple land, Sagewood's lush greenbelts, mature desert landscaping, and vibrant gardens create a serene, park-like setting. Sagewood offers three heated pools and spas, tennis, pickleball, and a vibrant social atmosphere. Ideally located just minutes from downtown Palm Springs - close to world-class shopping, dining, and entertainment with easy access to El Paseo, Acrisure Arena, Cotino, the Indian Wells Tennis Garden, PGA West, and the Coachella and Stagecoach festival grounds. A rare opportunity to own an architectural icon with strong income potential and timeless Palm Springs appeal.
No exterior & parking available.
Grades K-5 • 0.9 mi
Grades 6-8 • 0.7 mi
Grades 9-12 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,050 | 1,131 | 42% |
| Lot Size | - | 436 | 45% |
| Price | $529.0K | $362.0K | 72% |
| Price per sq ft | $504 | $345 | 88% |
| Built year | 1972 | 1981 | 14% |
| HOA | $725.0 | $550 | 86% |
| Days on market | 33 | 160 | 2% |
May 5, 2026
$529,000
Initial Listing
Jun 30, 2023
$600,000
Public Record
Apr 5, 2022
$619,000
Public Record
Oct 31, 2017
$314,500
Public Record
Aug 7, 2015
$275,000
Public Record
Nov 30, 2010
$137,000
Public Record