216 E Palo Verde Avenue, Palm Springs, California 92264, Palm Springs, 92264 - 3 bed, 2 bath
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Palm Springs, California 92264
This Turnkey Spanish Colonial Retreat is a High-Potential Investment Opportunity, listed at $1,288,000—positioned above the $1,123,929 Fair Market Value. While priced at a premium, the property features an Excellent Condition Rating and a favorable short-term rental environment in Tahquitz River Estates. With a private pool, spa, and panoramic mountain vistas, this residence offers a high-end lifestyle for Buy-and-Hold Investors or Vacation Home Buyers. Its walkability to local amenities and turnkey status ensure immediate utility and strong appeal in the Palm Springs market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 216 E Palo Verde Avenue Subject | $1,288,000* List Price | 3 | 2 | 1,392 | $807 | - |
A 641 Dunes Court Sold | $1,160,000 | 2 | 2 | 1,644 | $706 | 0.7 mi |
B 1175 E San Lucas Road Sold | $1,299,000 | 3 | 3 | 1,769 | $734 | 0.6 mi |
C 176 W Crestview Sold | $1,658,337 | 3 | 3 | 1,853 | $895 | 0.6 mi |
D 1529 S Calle Palo Fierro Active Under Contract | $1,395,000 List Price | 3 | 2 | 1,431 | $975 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although originally built in 1947, the property shows evidence of significant renovations within the 5-15 year range, making it move-in ready. The kitchen features updated tile backsplashes and modern stainless steel appliances, while the interior maintains high-quality Saltillo tile flooring and functional HVAC systems. The exterior pool, spa, and hardscaping are well-maintained and consistent with a high-end resort-style rental.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7405, living area = 1392.
Situated in the highly sought-after Tahquitz River Estates, the property offers exceptional walkability to iconic local spots like Koffi, Townie Bagels, and the Tahquitz River Trail.
The private backyard serves as a complete desert sanctuary featuring a sparkling pool, oversized spa, fire pit, and dramatic mountain vistas, ideal for high-end entertaining.
At 1,392 square feet for a three-bedroom residence, the interior living spaces may feel somewhat confined compared to other luxury offerings at this price point.
Originally built in 1947, the home may possess the inherent limitations of older construction, such as smaller closet spaces and potential needs for utility updates.
A refined Spanish colonial retreat on one of Downtown Palm Springs' most coveted streets. This stylishly appointed residence in sought after Tahquitz River Estates offers an exceptional blend of timeless desert character and modern resort living. Warm interiors are anchored by a rustic fireplace, wood shutters, and a kitchen overlooking a private front courtyard with mature landscaping and a tranquil water feature. Three well appointed bedrooms, including a primary suite and two guest suites, accommodate guests with ease. The private backyard unfolds as a true outdoor sanctuary sparkling pool, oversized spa, natural gas BBQ, fire pit, and lounge seating set against dramatic mountain vistas. A walk able location to places such as Koffi, Townie Bagels, Indian Canyons hiking, boutique shopping, and the Tahquitz River Trail within easy reach. A favorable short term rental permitting environment adds compelling investment potential to this turnkey furnished Palm Springs retreat. Buyer to verify all STR rules, availability, and permitting requirements with the City of Palm Springs.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades 6-8 • 2.6 mi
Grades K-12 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,392 | 2,076 |
| Lot Size | 7,405 | 10,454 |
| Price | $1.29M | $1.04M |
| Price per sq ft | $925 | $525 |
| Built year | 1947 | 1977 |
| HOA | $0 | $332 |
| Days on market | 20 | 75 |
Jul 2, 2026
$1,288,000
Initial Listing
May 10, 2023
$1,270,000
Public Record
Jun 23, 2006
$670,000
Public Record
Oct 15, 1998
$185,000
Public Record
Nov 25, 1997
$169,000
Public Record