2499 S Palm Canyon, Palm Springs, California 92264, Palm Springs, 92264 - 2 bed, 2 bath
2499 S Palm Canyon
Palm Springs, California 92264
Property Price
SUMMARY
Analysis of 2499 S Palm Canyon, Palm Springs, California 92264 reveals a Prime Investment Opportunity with a current list price of $1,150,000—significantly undercutting the $1,288,889 Fair Market Value by 12%. This valuation gap indicates a +$138,889 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Palm Springs Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
This property, while built in 1971, has undergone an extensive and high-quality renovation, bringing it to a virtually new condition. The kitchen features modern stainless steel appliances, sleek cabinetry, and contemporary countertops. Both bathrooms are spa-inspired with updated vanities, fixtures, and stylish tiling, including a substantial walk-in shower. The entire interior boasts consistent, modern flooring (polished concrete/epoxy) and updated lighting. Furthermore, the installation of 32 owned solar panels and a 10kWh battery signifies recent, significant upgrades to energy systems, meeting current quality standards. The property is presented as fully furnished and turnkey, indicating no deferred maintenance and a pristine overall condition.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 18295, living area = 1496.
- Architectural Significance & Style
This property is a notable Mid-Century modern retreat, rumored to be the original clubhouse for Canyon View Estates, featuring a dramatic 8-beamed umbrella ceiling and clerestory windows, offering unique aesthetic appeal.
- Private Resort-Style Outdoor Oasis
The impressive private backyard, tucked against the hillside, boasts a pool, spa, shaded gazebo, gas firepit, and lush palms, creating a true resort-like atmosphere ideal for entertaining and relaxation.
CONSRISKS & DEFICIENCIES
- Land Lease Structure
Despite a renewed lease until 2080, the property operates on a land lease, which can be less desirable than fee simple ownership for some buyers and may involve ongoing lease payments or future renegotiation concerns.
- Age of Property
Built in 1971, while updated, the property's age may imply potential for older underlying systems (e.g., plumbing, electrical, HVAC) that could require future maintenance or upgrades not explicitly detailed as fully renovated.
- Modest Interior Square Footage
With 1496 sqft for 2 beds/2 baths on a generous 18,295 sqft lot, the interior living space might be considered modest for some buyers seeking more expansive accommodations, especially given the 'retreat' branding and large outdoor area.
About 2499 S Palm Canyon
Welcome to a unique and notable Indian Canyons' Mid-Century modern retreat with a notable AirBnb history. This fully furnished desert escape offers privacy, history, and undeniable Palm Springs style. Rumored to be the original clubhouse for Canyon View Estates, this architectural gem sits on an approximately 18,000 sq ft lot at the base of the mountain, delivering breathtaking hillside and mountain views with true resort vibes. The home’s dramatic 8-beamed umbrella ceiling and clerestory windows flood the great room with natural light, creating a striking yet relaxed atmosphere, perfect for entertaining or unwinding. The updated kitchen and dining area open to a impressive private backyard oasis tucked against the hillside, complete with pool, spa, shaded gazebo, gas firepit, and lush palms—ideal for sunset gatherings and starry nights. The primary suite is a peaceful retreat with hillside views, a walk-in closet, and ensuite bath, while the guest bedroom enjoys access to a spa-inspired bathroom featuring a substantial walk-in shower and picture window capturing the surrounding desert landscape. Offered fully furnished and turnkey, this home is thoughtfully equipped with luxury-comfort beds, smart TVs, in-house laundry, a fully stocked kitchen flexible workspace options, solar blinds, blackout curtains, and abundant private parking. Energy-efficient living is enhanced by 32 OWNED solar panels and a 10kWh battery, significantly offsetting electricity costs. The land lease has been renewed and does not expire until 2080! Just minutes from downtown Palm Springs, Murray Canyon hiking trails, and the new Palm Springs Surf Club, this one-of-a-kind residence blends architectural significance with modern comfort—offering a lifestyle as unforgettable as the setting.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1971
- Lot Size
- 18,295 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 14% |
| Baths | 2.0 | 3.0 | 25% |
| Square foot | 1,496 | 2,303.5 | 15% |
| Lot Size | 18,295 | 10,454 | 92% |
| Price | $1.15M | $1.43M | 34% |
| Price per sq ft | $769 | $608 | 80% |
| Built year | 1971 | 1972 | 49% |
| HOA | $0 | $0 | 50% |
| Days on market | 71 | 163 | 11% |
Pricing History
Listed for Sale
Dec 26, 2025
$1,150,000
Initial Listing