2251 E Calle Papagayo, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 2 bath
Loading property details...
Palm Springs, California 92262
This Architectural Desert Home represents a High-Potential Investment Opportunity, listed at $995,000—positioned slightly above the $973,680 Fair Market Value. Despite the premium, the property offers a Condition Rating of 2 following a 2019 down-to-the-studs remodel. Featuring a PebbleTec pool and spa, stunning mountain views, and a proven short-term rental history within a vacation rental cap zone, this asset provides immediate income potential. With room for a future casita, it is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey, high-design desert retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2251 E Calle Papagayo Subject | $995,000* List Price | 3 | 2 | 1,270 | $767 | - |
A 2015 E Belding Drive Sold | $1,075,000 | 3 | 2 | 1,375 | $782 | 0.3 mi |
B 545 N Chiquita Circle Sold | $1,045,000 | 3 | 2 | 1,541 | $678 | 0.2 mi |
C 2227 Paseo Roseta Sold | $1,225,000 | 3 | 2 | 1,375 | $891 | 0.8 mi |
D 2835 E Plaimor Avenue Sold | $1,137,500 | 3 | 2 | 1,608 | $707 | 0.6 mi |
E 544 N Tercero Circle Sold | $1,095,000 | 3 | 2 | 1,541 | $711 | 0.2 mi |
F 1820 E Park Drive Active Under Contract | $949,000 List Price | 3 | 2 | 1,423 | $667 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This property underwent a full 'down to the studs' remodel in 2019, placing it within the high-end renovation window for excellent condition. It features a modern kitchen with a waterfall island, spa-inspired bathrooms, and significant system upgrades including all new windows, French doors, and a new pool heater installed in 2025. The home is in mint condition with no deferred maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9583, living area = 1270.
Originally designed by renowned architect Hugh Kaptur and fully remodeled to the studs in 2019, this home seamlessly blends historic desert modernism with high-end contemporary finishes and systems.
The property boasts an expansive backyard with stunning mountain views, a PebbleTec pool and spa, an outdoor kitchen, and fire pit lounge, perfectly optimized for the Palm Springs indoor-outdoor lifestyle.
With only 1,270 square feet of living space, the interior footprint is relatively modest for the price point, which may feel restrictive for buyers seeking larger communal areas or a dedicated home office.
Despite the extensive 2019 remodel, the 1977 build date may lack the specific 'atomic' mid-century appeal sought by some Palm Springs purists compared to the more iconic 1950s and 60s era homes.
Welcome to this exceptional fully remodeled Palm Springs home originally designed by renowned architect Hugh Kaptur, thoughtfully taken down to the studs in 2019 and reimagined for modern desert living. Ideally located on a quiet cul-de-sac just minutes from downtown, this stylish property offers an open-concept layout, beautifully remodeled kitchen, spa-inspired bathrooms, and exceptional indoor-outdoor flow. Designed to embrace the best of the Palm Springs lifestyle, the backyard is a true extension of the home. Stunning mountain views create the backdrop for a magical outdoor setting featuring a PebbleTec pool and spa, fire pit lounge area, mature landscaping, citrus trees, newer concrete throughout the pool deck and entertaining spaces, an outdoor kitchen with grill, raised cabanas for sunset lounging, and a long covered patio perfect for dining and entertaining. Whether hosting guests or enjoying a quiet desert evening, the outdoor spaces feel private, peaceful, and purposeful. Additional upgrades include all new windows and french doors, built-in speaker wiring throughout the home and patio, an opened-up kitchen layout, new garage storage closets, epoxy garage floors, and a new pool heater installed in 2025. There is also room to add a casita, creating even more flexibility and future value. The property has also been a successful short-term rental, and the neighborhood is currently still under the vacation rental cap, making it an excellent opportunity for investors, second-home buyers, or full-time residents alike. Perfect opportunity to take advantage of potential cost segregation and bonus depreciation tax benefits for 2026 while owning a proven Palm Springs investment property with income history and future upside. With no power lines, sidewalks throughout the neighborhood, beautiful surrounding homes, strong mountain views, and close proximity to downtown Palm Springs, this is a standout architectural desert property offering both immediate livability and long-term potential. Hurry before this incredible Palm Springs home is sold!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 49% |
| Square foot | 1,270 | 1,920 | 11% |
| Lot Size | 9,583 | 9,583 | 50% |
| Price | $995.0K | $875.0K | 56% |
| Price per sq ft | $783 | $485 | 86% |
| Built year | 1977 | 1986 | 37% |
| HOA | $0 | $0 | 50% |
| Days on market | 22 | 173 | 2% |
May 25, 2026
$995,000
Initial Listing