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 Single Family Residence in Tahquitz River Estates is a High-Potential Investment Opportunity, listed at $1,548,000—positioned above the $1,376,348 Fair Market Value. Despite the premium, the property features a Turnkey Condition Rating with high-end renovations, a Sparkling Pool and Spa, and Panoramic Mountain Vistas. Its favorable short-term rental zoning and walkability to local amenities provide significant income potential. This property is an ideal acquisition for Buy-and-Hold Investors seeking a luxury vacation rental or Owner-Occupants desiring a refined desert sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 216 E Palo Verde Avenue Subject | $1,548,000* List Price | 3 | 2 | 1,392 | $989 | - |
A 176 W Crestview Sold | $1,658,337 | 3 | 3 | 1,853 | $895 | 0.6 mi |
B 1529 S Calle Palo Fierro Active | $1,395,000 List Price | 3 | 2 | 1,431 | $975 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite the 1947 build date, this property is in turnkey condition with high-end renovations likely completed within the last 5 years. The bathrooms feature modern stone countertops and vessel sinks, the Saltillo tile flooring is well-maintained, and the outdoor resort-style amenities (pool, spa, BBQ) are in mint condition.
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 coveted Tahquitz River Estates, the property offers exceptional walkability to popular local destinations like Koffi, Townie Bagels, and the Tahquitz River Trail.
The private backyard serves as a luxury sanctuary featuring a sparkling pool, oversized spa, fire pit, and built-in BBQ, all set against dramatic mountain vistas.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
With only 1,392 square feet for a three-bedroom residence, the interior living spaces are relatively compact for the $1.5M+ price bracket.
The luxury auction format and wide expected bid range may create complexity or deter traditional buyers who prefer a standard negotiation process.
LUXURY PROPERTY AUCTION: June 9-23. Starting bids expected between $1.2M-$1.55M. A refined Spanishcolonial retreat on one of Downtown Palm Springs' most coveted streets, this stylishly appointed residence in sought after Tahquitz River Estates offers an exceptional blendof timeless desert character and modern resort living. Warm interiors are anchored by a rustic fireplace, wood shutters, anda 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 loungeseating set against dramatic mountain vistas. A walkable location to places such as Koffi, Townie Bagels, Indian Canyons hiking, boutique shopping, and the Tahquitz River Trail within easy reach. A favorable shortterm rental permitting environment adds compelling investment potential to thisturnkey 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 26% |
| Square foot | 1,392 | 2,307 | 9% |
| Lot Size | 7,405 | 10,019 | 31% |
| Price | $1.55M | $1.44M | 55% |
| Price per sq ft | $1.1K | $625 | 97% |
| Built year | 1947 | 1976 | 6% |
| HOA | $0 | $0 | 50% |
| Days on market | 37 | 144 | 2% |
May 1, 2026
$1,548,000
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