2099 E Racquet Club Road E, Palm Springs, California 92262, Palm Springs, 92262 - 4 bed, 2 bath
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Palm Springs, California 92262
This High-Potential Investment Opportunity is listed at $1,480,000, positioned slightly above the $1,441,983 Fair Market Value. As a turnkey, short-term rental asset with a Condition Rating of 2, the property features a regulation-size pickleball court, paid-off solar, and a 625 sq. ft. game room. With $56,000 in transferable future bookings and no STR waitlist, this home offers immediate income stability. It is an ideal acquisition for Buy-and-Hold Investors or Lifestyle Buyers seeking a high-performing, resort-style property in Palm Springs.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2099 E Racquet Club Road E Subject | $1,480,000* List Price | 4 | 2 | 1,834 | $786 | - |
A 2631 N Chuperosa Active | $1,075,000 List Price | 4 | 2 | 1,320 | $814 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1978, the property has undergone a comprehensive high-end renovation within the last 5 years. The interior features a modern chef's kitchen with brand-new appliances, updated flooring, and contemporary bathrooms. Significant system upgrades include paid-off solar panels and a climate-controlled game room, making it a turnkey, mint-condition property.
The property is a proven income generator with over $500,000 in past bookings, $56,000 in transferable future revenue, and immediate short-term rental eligibility with no waitlist.
Situated on a rare half-acre lot, the home features a regulation-size pickleball court and a 625 sq. ft. climate-controlled game room, providing a significant competitive edge in the vacation rental market.
Fully paid-off solar panels offer approximately $800 in monthly utility savings, while the absence of an HOA and fee-simple land ownership minimize carrying costs and maximize owner control.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =0, other record lot size in square feet = 22651. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1834, other record living area = 1760. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
With four bedrooms and a large game room designed for high-occupancy groups, the presence of only two bathrooms may be a logistical drawback for guests and impact the luxury experience.
At a list price of $1.48M for 1,834 square feet of living space, the valuation relies heavily on the business income and land value rather than the scale of the primary residence.
Over 1/2 an Acre Resort-style Home Meets the Investor's Dream - in Ranch Club Estates | Short-Term Rental Ready (NO WAITLIST) *PickleBall*With an established rental history of over $500,000+ in bookings in the last few years, investors can confidently realize this FOUR bedroom home's potential as an income generating property. Located on a private corner lot spanning over half an acre, this fully furnished, short-term-rental-ready home in the highly sought-after Ranch Club Estates offers the perfect blend of privacy, exclusivity, and income. With paid-off solar, $56K in future bookings, and no STR permit waitlist, this is a rare turnkey opportunity for both investors and lifestyle buyers. Solar Panels Paid Off - Enjoy savings of $800+per month (no electric bill)- Private Regulation-Size Pickleball Court - One of only a few in Palm Springs; an exclusive, resort-style amenity- Spacious 625 sq. ft. Climate-Controlled Game Room - Ideal for entertainment or guests to maximize rental income- $56,000 in Future Bookings - Transferable to the new owner- Corner Lot on Over Half an Acre - Exceptional privacy, space, and curb appeal- RV Access - Ample room for parking or recreational vehicles- Potential for Casita or Second Home - Endless possibilities for added value- Sold Turnkey Furnished - Move right in or start renting immediately- No HOA and Not on Lease Land - Full land ownership with no added fees- Expansive Chef's Kitchen - Designed for entertaining and culinary enthusiasts- Expansive outdoor recreation area for guests and gatherings- Brand-New Dishwasher and Oven - Recently installed upgradesDon't miss this exceptional opportunity to own a private, resort-style Palm Springs property combining luxury, income potential, and one of the most exclusive amenities in the city -- a regulation-size pickleball court with no STR waitlist.
No exterior & parking available.
Grades K-5 • 1.0 mi
Grades K-5 • 1.3 mi
Grades 6-8 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,834 | 2,076 |
| Lot Size | 0.52 | 10,454 |
| Price | $1.48M | $1.04M |
| Price per sq ft | $807 | $525 |
| Built year | 1978 | 1977 |
| HOA | $0 | $332 |
| Days on market | 29 | 75 |
Jun 23, 2026
$1,480,000
Initial Listing
Nov 12, 2021
$1,190,000
Public Record
Aug 18, 2020
$630,000
Public Record
Aug 1, 2002
$160,500
Public Record