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2291 E Calle Papagayo, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 2 bath

2291 E Calle Papagayo, Palm Springs, California 92262 home-pic-0
ACTIVE$875,000
2291 E Calle Papagayo, Palm Springs, California 92262
3Beds
2Baths
1,304Sqft
8,712Lot

Price Vs. Estimate

The estimated value ($848,484.445) is $26,515.555 (3%) lower than the list price ($875,000). This property may be overpriced.

Key pros and cons

Top Pros:
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 = 8712, living area = 1304.
Top Cons:
Land Lease: The property is subject to a land lease, which, despite being low ($376/month) and extended through 2066, is not fee-simple ownership and may affect financing options or long-term investment strategy for some buyers.

Compared to the nearby listings

Price:$875.0K vs avg $925.0K ($-50,000)45%
Size:1,304 sqft vs avg 2,096 sqft9%
Price/sqft:$671 vs avg $49180%

More Insights

Built in 1977 (48 years old).
Condition: This property, built in 1977, has undergone significant cosmetic updates, making it move-in ready. The kitchen features updated shaker-style cabinets, modern white countertops, and stainless steel/black appliances that appear functional and contemporary. Bathrooms are also updated with modern vanities, fixtures, and tiling. Flooring in main living areas and bathrooms is clean tile, and bedrooms have clean carpeting. While the home presents a fresh, updated aesthetic and is well-maintained, its original build year suggests that some underlying major systems (e.g., plumbing, electrical, HVAC) may not be as recently updated as the visible cosmetic elements, preventing an 'Excellent' rating. However, it clearly meets the criteria for 'Good' as it's move-in ready with well-maintained systems and recent updates.
Year Built
1977
Close
-
List price
$875K
Original List price
$899K
Price/Sqft
$671
HOA
-
Days on market
-
Sold On
-
MLS number
25609911
Home ConditionGood
Features
Excellent View: Mountain(s)
Pool
Spa
Patio
ViewMountain(s)

About this home

Desert Living at Its Best! Welcome to your fully-furnished Palm Springs getaway, a 3-bedroom, 2-bath vacation home designed for seamless indoor-outdoor living. Set on an expansive 8,700+ sq ft lot, this private oasis features a sparkling pool, relaxing hot tub, and lush palm and citrus trees, all framed by breathtaking mountain views. Multiple outdoor lounging, dining, and conversation areas invite you to soak up the desert sunshine year-round. Inside, the updated open-concept home offers a vaulted-ceiling great room with a cozy fireplace, dining area, and kitchen with island breakfast bar, all flowing effortlessly to the outdoor dining patio and pool deck. The spacious primary suite opens directly to the pool and includes a bathroom with dual vanities and a large walk-in shower. A second oversized bedroom features a huge closet and its own TV, while a third bedroom sits just off the home's main hallway. Home has been a successful short-term rental in the past, and Oasis del Sol appears to be well below the 20% threshold, so a new buyer should be able to apply for a short-term rental permit from day 1 (buyer to verify with the city). Additional highlights include a two-car garage with washer & dryer, and ample gated parking with room for an RV or even potential for another structure (buyer to verify). Very low land lease is only $376/month and is extended through 2066. Whether you're looking for a full-time residence, vacation retreat, or income-producing rental, this turnkey Palm Springs home delivers the perfect blend of comfort, style, and outdoor living.

Condition Rating
Good
This property, built in 1977, has undergone significant cosmetic updates, making it move-in ready. The kitchen features updated shaker-style cabinets, modern white countertops, and stainless steel/black appliances that appear functional and contemporary. Bathrooms are also updated with modern vanities, fixtures, and tiling. Flooring in main living areas and bathrooms is clean tile, and bedrooms have clean carpeting. While the home presents a fresh, updated aesthetic and is well-maintained, its original build year suggests that some underlying major systems (e.g., plumbing, electrical, HVAC) may not be as recently updated as the visible cosmetic elements, preventing an 'Excellent' rating. However, it clearly meets the criteria for 'Good' as it's move-in ready with well-maintained systems and recent updates.
Pros & Cons

Pros

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 = 8712, living area = 1304.
Income-Producing Potential: Successfully operated as a short-term rental in the past, with strong indications that a new buyer can obtain a permit from day one, offering significant income potential.
Exceptional Outdoor Living & Views: A private oasis featuring a sparkling pool, relaxing hot tub, lush landscaping, multiple lounging areas, and breathtaking mountain views, ideal for the Palm Springs lifestyle.
Turnkey & Fully Furnished: Offered fully-furnished, making it a ready-to-use vacation retreat or immediate income-generating rental property without additional setup costs.
Updated Open-Concept Interior: The home boasts an updated open-concept design with vaulted ceilings, a cozy fireplace, and a kitchen with an island breakfast bar, providing modern comfort and flow.
Large Lot & Expansion Potential: Set on an expansive 8,700+ sq ft lot with a two-car garage, ample gated parking for an RV, and potential for an additional structure, offering flexibility and value.

Cons

Land Lease: The property is subject to a land lease, which, despite being low ($376/month) and extended through 2066, is not fee-simple ownership and may affect financing options or long-term investment strategy for some buyers.
Buyer Due Diligence Required: Key aspects such as short-term rental permit eligibility and the potential for an additional structure require direct verification by the buyer with the city, introducing an element of uncertainty.
Age of Property (1977): While updated, the home's original construction year of 1977 suggests that some underlying systems (e.g., plumbing, electrical, HVAC) may not be as modern as the cosmetic updates, potentially leading to future maintenance considerations.

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