263 E Morongo Road, Palm Springs, California 92264, Palm Springs, 92264 - 4 bed, 3 bath
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Palm Springs, California 92264
This Stunning Mid-Century Modern Home is a High-Potential Investment Opportunity, listed at $1,495,000—positioned well below the $1,697,441 Fair Market Value by 11%. This valuation gap offers $202,441 in Instant Equity. Boasting a Mint Condition Rating, the property features a Gourmet Chef's Kitchen, Panoramic Mountain Views, and a Private Pool. With rare short-term rental permit availability in Tahquitz River Estates, this turnkey residence is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a luxury desert lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 263 E Morongo Road Subject | $1,495,000* List Price | 4 | 3 | 2,396 | $676 | - |
A 1455 E Sunny Dunes Road Sold | $1,700,000 | 4 | 5 | 2,226 | $764 | 0.8 mi |
B 2030 S Joshua Tree Place Sold | $1,210,000 | 3 | 3 | 2,100 | $576 | 0.7 mi |
C 2111 S Camino Barranca Sold | $1,900,000 | 4 | 3 | 2,604 | $730 | 1.0 mi |
D 1450 S Via Soledad Sold | $1,300,000 | 3 | 3 | 1,975 | $658 | 0.1 mi |
E 279 W Overlook Road Sold | $1,600,000 | 4 | 4 | 1,995 | $802 | 0.6 mi |
F 345 W Crestview Drive Sold | $1,612,000 | 3 | 3 | 2,188 | $737 | 0.7 mi |
G 1755 S Mesa Drive Sold | $1,500,000 | 2 | 4 | 2,152 | $697 | 0.5 mi |
H 1125 E Sunny Dunes Road Pending | $1,500,000 List Price | 4 | 3 | 2,277 | $659 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1965, the property has undergone a high-end comprehensive renovation within the last 5 years. Key updates include a new roof (2021), a gourmet chef's kitchen with Viking appliances, and modern 24x24 porcelain tile flooring throughout. The home is in mint condition and currently operates as a successful vacation rental, indicating it is fully move-in ready with no 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 = 2396.
Located in Tahquitz River Estates, this property offers rare short-term vacation rental permit availability in a market where many Palm Springs neighborhoods have already reached their city-mandated caps.
The residence features stunning, unobstructed west-facing views of the San Jacinto Mountains, complemented by seamless indoor-outdoor living spaces and professional landscaping.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 5.
The local public schools, including Cahuilla Elementary and Raymond Cree Middle, are rated 4/10, which may be a consideration for families prioritizing high-performing school districts.
The current list price of $1.495M is only a marginal increase over its 2021 sale price of $1.46M, suggesting the property may be priced near its current market ceiling.
Offered furnished, this exceptional mid-century modern home is located in the highly sought-after Tahquitz River Estates neighborhood of South Palm Springs. Beautifully appointed and tastefully decorated, the residence blends timeless architectural style with modern comfort.The gourmet chef's kitchen is the heart of the home, featuring an expansive center island, built-in refrigerator, Viking cooktop, and double wall ovens--ideal for entertaining family and friends. The open-concept floor plan offers a formal living room with soaring ceilings that flows seamlessly into a spacious family room and a versatile bonus room currently used as a home office. Elegant 24'' x 24'' white porcelain tile flooring and plantation shutters enhance the home's sophisticated design throughout. Sliding glass doors from most rooms create effortless indoor-outdoor living, opening to multiple patio areas, lush mature landscaping, and stunning west-facing views of the San Jacinto Mountains. A new Owens Corning roof, installed in May 2021, provides added value and peace of mind. In addition to being an exceptional primary or seasonal residence, this property has been a successful short-term vacation rental. Tahquitz River Estates continues to have short-term vacation rental certificate availability, making it an attractive opportunity for buyers seeking investment potential. Many Palm Springs neighborhoods have reached their permit limits and maintain waiting lists, adding to the appeal of this location. Ideally situated just minutes from vibrant downtown Palm Springs, the home offers convenient access to acclaimed restaurants, shopping, entertainment, golf, and all that the desert lifestyle has to offer.Tahquitz River Estates continues to have short-term vacation rental certificate availability. Buyers should verify current permit availability and city requirements.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades 6-8 • 2.7 mi
Grades K-12 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,396 | 2,076 |
| Lot Size | 10,019 | 10,454 |
| Price | $1.50M | $1.04M |
| Price per sq ft | $624 | $525 |
| Built year | 1965 | 1977 |
| HOA | $0 | $332 |
| Days on market | 44 | 75 |
Jun 8, 2026
$1,495,000
Initial Listing
Oct 25, 2021
$1,460,000
Public Record
Jun 28, 2018
$620,000
Public Record
Dec 10, 2014
$675,000
Public Record