2342 N San Gorgonio Road, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 3 bath
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Palm Springs, California 92262
This Turnkey Short-Term Rental Asset is listed at $895,000, positioned competitively near its $866,910 Fair Market Value to reflect extensive premium upgrades and proven income history. Boasting an Excellent Condition Rating, the property features a renovated interior, vaulted ceilings, and an owned 25-panel solar system that significantly reduces overhead. The backyard functions as a private oasis with a heated pool, spa, and Panoramic Mountain Views. Located in Desert Park Estates within the Palm Springs Unified School District, this furnished home is a high-performing investment ideal for Short-Term Rental Investors or Second-Home Buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2342 N San Gorgonio Road Subject | $889,000* List Price | 3 | 3 | 1,700 | $509 | - |
A 2791 E Ventura Road Sold | $740,000 | 3 | 2 | 1,584 | $467 | 0.2 mi |
B 2899 E San Juan Road Sold | $759,000 | 3 | 2 | 1,488 | $510 | 0.4 mi |
C 2405 E Bellamy Road Sold | $769,000 | 3 | 2 | 1,845 | $417 | 0.5 mi |
D 2030 E Acacia Road Sold | $722,000 | 3 | 3 | 1,939 | $372 | 0.4 mi |
E 2175 N Sandra Road Sold | $700,000 | 4 | 3 | 1,672 | $419 | 0.7 mi |
F 3121 E Ventura Road Sold | $669,000 | 3 | 2 | 1,260 | $531 | 0.1 mi |
G 2230 N Volturno Road Active | $869,000 List Price | 3 | 2 | 1,697 | $512 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1989, the property has undergone an extensive recent renovation within the last 5 years, meeting the criteria for excellent condition. The kitchen features modern stainless steel appliances, a gas cooktop, and a large island with stone countertops. Bathrooms are fully updated with contemporary fixtures, double sinks, and a large walk-in shower. The home includes high-end upgrades such as an owned 25-panel solar system, a new pool heater (2021), and modern flooring throughout, showing no signs of deferred maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10019, living area = 1700.
As a proven and successful short-term rental sold fully furnished, this property offers immediate income-generating potential in a high-demand Palm Springs market.
The inclusion of a fully owned 25-panel solar system provides a significant financial advantage by drastically reducing utility costs in the desert climate.
The property is served by schools with relatively low ratings, such as Raymond Cree Middle School and Desert Learning Academy, which may deter family-oriented buyers.
A recent price reduction from the original list price suggests the property may have faced challenges with initial market positioning or appraisal alignment.
Successful STR home + Furnished + Owned Solar + Renovated + Land You Own. Looking for a renovated and proven investment property? The open floor-plan and tall vaulted ceilings create perfect gathering spaces for every lifestyle. Enjoy movies on the sofa next to the fireplace or having cocktails with friends served from the wet bar. When friends gather, someone always ends up in the kitchen. Stainless steel appliances, gas cooktop and spacious counters allow the cooking to continue while the open-concept island and window facing the pool keep the cooks connected & beverages flowing.Three bedrooms grace the home with the primary suite featuring a large bath including double sinks, walk in shower for two as well as double closets. The back yard is the best room out of the house! In-ground heated pool and spa, gazebo, exterior pool table, numerous fruit trees, manicured landscaping, fire pit, outdoor grill and privacy walls allow for relaxing or entertaining. The laundry room is spacious enough to accommodate side-by-side washer/dryer, wall cabinetry and a large closet. Home includes 2-car garage, 2-car driveway, connected outdoor grill, pool wifi automation, new pool heater (2021) and owned 25-panel solar system.
No exterior & parking available.
Grades K-5 • 1.6 mi
Grades K-5 • 1.7 mi
Grades 6-8 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,700 | 1,939.5 | 37% |
| Lot Size | 10,019 | 9,583 | 52% |
| Price | $889.0K | $882.0K | 50% |
| Price per sq ft | $523 | $488 | 57% |
| Built year | 1989 | 1987 | 52% |
| HOA | $0 | $0 | 50% |
| Days on market | 134 | 180 | 33% |
May 29, 2026
$889,000
$895,000
-1% Price Drop
Initial Listing
Feb 27, 2026
$895,000
$949,000
-6% Price Drop
Initial Listing
Jan 24, 2026
$949,000
Initial Listing
Jul 23, 2021
$875,000
Public Record
May 12, 2017
$465,000
Public Record
Jun 9, 2016
$328,000
Public Record
May 8, 2007
$345,000
Public Record
May 14, 2004
$291,500
Public Record