
Palm Springs, California 92264
This Mid-Century Architectural Gem represents a Prime Investment Opportunity, listed at a List Price of $1,025,000—positioned well below the $1,051,665 Fair Market Value by 2%. This valuation gap offers $26,665 in Instant Equity. Featuring an Excellent Condition Rating, this property includes a sparkling pool and spa, 32 solar panels, and a 10kWh battery system. With its historic William Krisel design and expansive lot, it is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a unique, sustainable desert sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2499 S Palm Canyon Drive Subject | $1,025,000* List Price | 2 | 2 | 1,496 | $703 | - |
A 2827 S Palm Canyon Drive Active | $945,000 List Price | 2 | 3 | 1,910 | $495 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1968, the property has undergone significant recent renovations that place it in mint condition. Key updates include a modernized kitchen and bathrooms with contemporary fixtures and tile work, polished concrete flooring, and major system upgrades including 32 seller-owned solar panels and a 10kWh battery system. The home is move-in ready with no visible deferred maintenance.
Features a rare 'Umbrella' beamed ceiling and clerestory windows designed by William Krisel and Dan Palmer, offering a historically significant and visually stunning architectural statement.
The massive 18,295 sq. ft. lot in the prestigious Indian Canyons neighborhood provides a rare opportunity to expand the existing home into a gated luxury compound with significant upside value.
Equipped with 32 seller-owned solar panels and a 10kWh battery system, providing exceptional energy efficiency and cost savings in the Palm Springs desert climate.
The property is located on leased land rather than fee simple, which may deter some buyers and impact long-term financing options despite the lease being renewed through 2080.
At just 1,496 sq. ft. with only two bedrooms, the interior living space is relatively modest compared to the expansive lot size and the scale of neighboring multi-million dollar estates.
One of the most unique and affordable opportunities on an expansive 18,295 sq. ft. lot in the prestigious Indian Canyons neighborhood of South Palm Springs. Once owned by Fey's Canyon and long been said to have originally served as a William Krisel and Dan Palmer designed "clubhouse" for Canyon View Estates, this updated single family home with NO HOA is a captivating expression of Mid Century architecture and Palm Springs living. Enter into a dramatic great room crowned by an 8 beamed "Umbrella" ceiling and clerestory windows that flood the space with natural light and create an unforgettable architectural statement. The expansive living area offers exceptional flexibility for multiple seating arrangements and entertaining spaces, anchored by a stunning painted wall mural that adds warmth and artistic character. The primary suite enjoys beautiful mountain views, a large walk in closet, and an attached bath, while the guest bath features an oversized walk in shower with a picture window framing the surrounding hillside. The spacious updated kitchen and dining area showcases charming "peek a boo" windows overlooking the landscape along with generous counter space and abundant cabinetry. Outside, the breathtaking backyard becomes a private sanctuary tucked against the hillside with dramatic mountain views and a palm tree lined landscape stretching into the distance. Lounge beside the sparkling pool and spa, gather under the shaded gazebo, or enjoy evenings around the festive gas firepit. The setting is serene, magical, and quintessentially Palm Springs. The property offers remarkable versatility and may be enjoyed immediately as a full time residence, seasonal retreat, or successful vacation rental, as it has been in recent years. Yet perhaps even more exciting is the extraordinary future potential. Surrounded by multi-million dollar estates, this property presents a rare opportunity to create a truly spectacular gated luxury compound or reimagined architectural estate. The scale of the lot, the setting against the hillside, and the prestigious surrounding homes create tremendous upside for a buyer with vision. Additional highlights include a renewed land lease through 2080, 32 seller-owned solar panels, and a 10kWh battery system. There is simply nothing else like this in Indian Canyons. A rare architectural gem that offers charm, flexibility, income potential, and exceptional long term value in one of Palm Springs' most sought after neighborhoods.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 10% |
| Baths | 2.0 | 3.0 | 26% |
| Square foot | 1,496 | 2,307 | 12% |
| Lot Size | 18,295 | 10,019 | 95% |
| Price | $1.02M | $1.42M | 29% |
| Price per sq ft | $685 | $625 | 62% |
| Built year | 1968 | 1976 | 37% |
| HOA | $0 | $0 | 50% |
| Days on market | 22 | 144 | 1% |
May 15, 2026
$1,025,000
Initial Listing