242 Cerritos Drive, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 2 bath
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Palm Springs, California 92262
This Turnkey Mid-Century Modern Residence is listed at $1,299,000, positioned slightly above the $1,156,096 Fair Market Value. While priced at a premium, the property offers an Excellent Condition Rating with high-end renovations, Owned Solar, and a proven track record as a successful vacation rental. Featuring a Kidney-Shaped Pool and Spa, Mountain Views, and a Private Desert Sanctuary lot, this home provides immediate lifestyle and income potential. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a sophisticated, move-in ready desert retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 242 Cerritos Drive Subject | $1,299,000* List Price | 3 | 2 | 1,301 | $889 | - |
A 2015 E Belding Drive Sold | $1,075,000 | 3 | 2 | 1,375 | $782 | 0.3 mi |
B 2227 Paseo Roseta Sold | $1,225,000 | 3 | 2 | 1,375 | $891 | 0.3 mi |
C 2835 E Plaimor Avenue Sold | $1,137,500 | 3 | 2 | 1,608 | $707 | 0.5 mi |
D 544 N Tercero Circle Sold | $1,095,000 | 3 | 2 | 1,541 | $711 | 0.4 mi |
E 587 N Calle Marcus Sold | $1,035,000 | 2 | 2 | 1,284 | $806 | 0.6 mi |
F 216 N Lyn Circle Active | $1,240,000 List Price | 3 | 2 | 1,278 | $970 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This property has undergone a comprehensive high-end renovation within the last 5 years, featuring a modern kitchen with stainless appliances and slow-close cabinetry, updated bathrooms with contemporary tile, and significant system upgrades including newer AC, owned solar panels, and a tankless water heater.
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 = 1301.
This Jack Meiselman-designed mid-century modern home is offered fully furnished with high-end decor, providing immediate move-in readiness and significant value for vacation rental investors.
The property features owned solar panels, a newer AC system, a tankless water heater, and upgraded pool equipment, ensuring lower utility costs and reduced long-term maintenance.
At 1,301 square feet for a three-bedroom residence, the interior rooms and common areas may feel small or constrained compared to other luxury offerings in the area.
Listed at nearly $1,000 per square foot, the property is positioned at a premium price point for the Sunrise Park neighborhood, which may challenge appraisal values for some buyers.
Welcome to this beautifully reimagined Jack Meiselman designed residence in the Sunrise Park neighborhood of Palm Springs. Set on a exceptionally private lot on a quiet street framed by breathtaking Mountain View's everywhere you turn. From the front of the home to the backyard oasis, this property showcases the timeless simplicity and clean lines Meiselman architecture is known for. The home is offered TURNKEY fully furnished with high-end furniture. Inside you will find polished concrete floors, expansive newer windows, and a striking gas glass fireplace. The thoughtfully updated kitchen features stainless steel appliances, slow-close cabinetry, a wine fridge, and modern finishes designed for effortless entertaining. The spacious primary suite offers direct private access to the backyard, while both bedrooms enjoy beautiful mountain views. Designed for seamless indoor-outdoor living, the backyard is a private desert sanctuary surrounded by mature ficus hedging and enhanced landscaping. Enjoy the kidney-shaped pool and spa with upgraded oversized equipment and an expanded gas line for faster heating, a newly installed putting green, firepit lounge area with mountain views, citrus trees, updated garden lighting, and multiple spaces to relax and entertain. The pool deck was also refinished approximately four years ago, further enhancing the resort-style feel. Additional upgrades and amenities include OWNED SOLAR with newly installed panels, newer AC, tankless water heater, smart home features, security cameras, freshly painted exterior, stackable washer and dryer, tiled showers, covered parking behind a private electric gate, and a newly installed MyQ automated gate control system allowing remote access directly from your phone. Whether you are seeking a full-time residence, luxurious desert getaway, or income-producing vacation rental, this exceptional Palm Springs property on land that you OWN offers architectural significance, extensive upgrades, privacy, and proven rental performance all in one remarkable package. This successful Airbnb retreat has earned over 50 five-star guest reviews and offers the perfect blend of investment potential, design pedigree, and resort-style living!
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 | 1,301 | 1,920 | 12% |
| Lot Size | 10,019 | 9,583 | 52% |
| Price | $1.30M | $875.0K | 73% |
| Price per sq ft | $998 | $485 | 92% |
| Built year | 1955 | 1986 | 10% |
| HOA | $0 | $0 | 50% |
| Days on market | 21 | 173 | 2% |
May 26, 2026
$1,299,000
Initial Listing
Oct 17, 2022
$1,200,000
Public Record
Jul 31, 2017
$625,000
Public Record
May 7, 2012
$425,500
Public Record
Jan 20, 2005
$415,000
Public Record