2235 E Paseo Gracia, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 2 bath

2235 E Paseo Gracia, Palm Springs, California 92262 home-pic-0

2235 E Paseo Gracia

Palm Springs, California 92262

ACTIVE UNDER CONTRACT
CONDITION: EXCELLENT
3Beds
2Baths
1,570Sq Ft
15,246Lot Size

Property Price

LIST PRICE$1,340,000
EST. MARKET VALUE
$1,248,424
7% AboveMARKET VALUE

SUMMARY

Analysis of 2235 E Paseo Gracia, Palm Springs, California 92262 reveals a property with a current list price of $1,340,000, which is 7% above the estimated $1,248,424 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Palm Springs Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Estimated Market Value

$1,248,424
Based on Realkey algorithm analyzing recent comparable sales in Palm Springs.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
2235 E Paseo Gracia
Subject
$1,340,000*
List Price
321,570$795-
A
2227 Paseo Roseta
Sold
$1,225,000321,375$8910.1 mi
B
545 N Chiquita Circle
Sold
$1,045,000321,541$6780.7 mi
C
544 N Tercero Circle
Sold
$1,095,000321,541$7110.7 mi
D
460 N Orchid Tree Lane
Sold
$1,320,000321,904$6930.6 mi
E
271 N Easmor Circle
Active
$1,125,000
List Price
321,620$6940.5 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

Property is new construction or fully renovated.

This property is a fully reimagined midcentury ranch that has undergone an extensive recent renovation. It features a bespoke modern kitchen with quartz countertops, contemporary concrete flooring throughout, and significant mechanical upgrades including newer HVAC systems, a new water heater, and a recoated foam roof with a warranty. The interior and exterior components are virtually new, meeting current high-quality standards with no deferred maintenance.

PROSSTRENGTHS & OPPORTUNITIES

  • High Available Lot Utilization

    The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 15246, living area = 1570.

CONSRISKS & DEFICIENCIES

About 2235 E Paseo Gracia

Reimagined midcentury ranch situated on a rare, jumbo-size .35-acre lot in Sunrise Park, offering quintessential Palm Springs living. This rare oversized property is discreetly tucked behind walls and hedges, exuding charm and featuring resort-style grounds with a pool, spa, detached cabana, multiple seating areas, and sweeping, wire-free mountain views. Gossip poolside while taking in views of Mt. San Jacinto by day and the aerial tram by night, or chill in the vibey cabana retreat overlooking the pool. The fully hedged property offers exceptional privacy and includes a two-car garage as well as ample space for a vintage trailer, RV, future addition, and ADU/guest house. Interiors boast a pared-down aesthetic with concrete floors and whitewashed walls, providing a neutral backdrop for art and furnishings. The bespoke kitchen offers generous storage, a gas range, quartz countertops, and a picture window overlooking the pool and outdoor lounge and dining areas. All rooms open directly to the pool and gardens, including the primary bedroom with its ensuite bath and dual wardrobes. Two guest bedrooms share a hall bath, with one bedroom featuring pocket-door access, creating a junior primary suite. Ideally located between the airport and downtown Palm Springs, the home is walkable to Sunrise Park, the city's swim center, library, sports fields, PS Cultural Center/Camelot Theatre, weekly farmers market, and numerous shops and restaurants. Note that the Sunrise Park neighborhood currently allows full short-term vacation rental permits. Additional upgrades include a transferable solar lease with a fixed, low monthly electricity payment, newer HVAC systems, mini-split in the primary bedroom, new water heater, new exterior paint, and a recoated foam roof with warranty. The rear property line spans approximately 130 feet with no neighboring properties behind. Whether entertaining on a grand or intimate scale, this rare and private property is designed for memorable desert living. You own the land and there are no HOA fees.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1967
Lot Size
15,246 Sq. Ft.

Interior

Total Bedrooms
3
Total Bathrooms
2 (2 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds3.03.0
50%
Baths2.03.0
45%
Square foot1,5701,964
27%
Lot Size15,2469,583
91%
Price$1.34M$900.0K
78%
Price per sq ft$854$478
92%
Built year19671989
30%
HOA$0$0
50%
Days on market32179
1%

Pricing History

Listed for Sale

Feb 3, 2026

$1,340,000

Initial Listing

Sold

Aug 11, 2015

$443,500

Public Record

Sold

Jan 21, 2015

$379,000

Public Record

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