RealKey
‪(213) 433-7766‬

2099 E Racquet Club Road E, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 2 bath

2099 E Racquet Club Road E, Palm Springs, California 92262 home-pic-0
ACTIVE$1,475,000
2099 E Racquet Club Road E, Palm Springs, California 92262
3Beds
2Baths
1,834Sqft
0.52Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Exceptional Income Potential: Boasts an established rental history of over $500,000+ in bookings, $56,000 in transferable future bookings, and is short-term rental ready with no waitlist, making it a turnkey investment.
Top Cons:
Age of Property: Built in 1978, the property's age might imply potential for outdated systems or components beyond the recently replaced kitchen appliances, which could lead to future maintenance or renovation costs.

Compared to the nearby listings

Price:$1.48M vs avg $925.0K (+$550,000)78%
Size:1,834 sqft vs avg 2,096 sqft39%
Price/sqft:$804 vs avg $49190%

More Insights

Built in 1978 (47 years old).
Condition: Built in 1978, this property has clearly undergone significant and stylish renovations, particularly in the kitchen which features modern teal cabinets, granite countertops, and brand-new stainless steel appliances (dishwasher and oven). The flooring throughout the main living areas and bedrooms appears to be a modern wood-look laminate or engineered wood, in excellent condition. Light fixtures are updated, and the overall aesthetic is contemporary and 'resort-style' as described. The exterior and outdoor amenities, including the pool, pickleball court, and solar panels, are also well-maintained and modern. While the bathrooms are not explicitly shown or detailed as renovated, the extensive updates in other key areas suggest a property that is move-in ready and well-maintained, fitting the 'Good' criteria for being extensively renovated within the last 5-15 years in its visible components, even if not a full, top-to-bottom renovation of every single system.
Year Built
1978
Close
-
List price
$1.48M
Original List price
$1.49M
Price/Sqft
$804
HOA
-
Days on market
-
Sold On
-
MLS number
219136680DA
Home ConditionGood
Features
Good View: Mountain(s)
Pool
Patio
ViewMountain(s)

About this home

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 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- Easily Convertible to Four Bedrooms - Perfect for maximizing 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.

Nearby schools

6/10
Vista Del Monte Elementary School
Public,•K-5•1.0mi
7/10
Katherine Finchy Elementary School
Public,•K-5•1.3mi
4/10
Raymond Cree Middle School
Public,•6-8•0.9mi
6/10
Palm Springs High School
Public,•9-12•2.3mi
4/10
Desert Learning Academy
Public,•K-12•2.5mi
6/10
Cathedral City High School
Public,•9-12•5.4mi
Condition Rating
Good
Built in 1978, this property has clearly undergone significant and stylish renovations, particularly in the kitchen which features modern teal cabinets, granite countertops, and brand-new stainless steel appliances (dishwasher and oven). The flooring throughout the main living areas and bedrooms appears to be a modern wood-look laminate or engineered wood, in excellent condition. Light fixtures are updated, and the overall aesthetic is contemporary and 'resort-style' as described. The exterior and outdoor amenities, including the pool, pickleball court, and solar panels, are also well-maintained and modern. While the bathrooms are not explicitly shown or detailed as renovated, the extensive updates in other key areas suggest a property that is move-in ready and well-maintained, fitting the 'Good' criteria for being extensively renovated within the last 5-15 years in its visible components, even if not a full, top-to-bottom renovation of every single system.
Pros & Cons

Pros

Exceptional Income Potential: Boasts an established rental history of over $500,000+ in bookings, $56,000 in transferable future bookings, and is short-term rental ready with no waitlist, making it a turnkey investment.
Exclusive Resort-Style Amenity: Features a private, regulation-size pickleball court, a rare and highly desirable luxury amenity in Palm Springs that enhances guest experience and property value.
Significant Cost Savings: Benefits from paid-off solar panels, potentially saving $800+ per month on electricity, and the absence of HOA fees or lease land, reducing overall ownership costs.
Spacious & Versatile Lot: Situated on a private corner lot spanning over half an acre, offering exceptional privacy, curb appeal, RV access, and significant potential for future expansion like a casita or second home.
Enhanced Entertainment & Living Spaces: Includes a spacious 625 sq. ft. climate-controlled game room, an expansive chef's kitchen, and ample outdoor recreation areas, ideal for entertaining and a luxurious lifestyle.

Cons

Age of Property: Built in 1978, the property's age might imply potential for outdated systems or components beyond the recently replaced kitchen appliances, which could lead to future maintenance or renovation costs.
Current Bedroom Count: With only 3 bedrooms for a property of this size and price point, especially one marketed for short-term rentals, it might limit occupancy for larger groups, despite the mention of convertibility to four bedrooms.
Limited Renovation Details: While the kitchen has new appliances, the description lacks specific details on comprehensive renovations or updates to other key areas like bathrooms, flooring, or major systems (HVAC, plumbing, electrical), which could be a concern for a property of this vintage.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state