
Palm Springs, California 92262
This Value-Add Desert Asset is listed at $524,900, reflecting a strategic entry point relative to its $467,562 Fair Market Value when accounting for unpermitted square footage. Boasting a Condition Rating of 4, the residence features vintage infrastructure and a professional-grade bonus master suite, offering significant upside through modernization and permitting. The expansive 10,019 square foot lot and San Jacinto Mountain views provide a perfect canvas for a resort-style pool, while proximity to Vista Del Monte Elementary ensures long-term desirability. This is an ideal acquisition for Buy-and-Hold Investors or Short-Term Rental Operators.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2930 N Bahada Road Subject | $524,900* List Price | 2 | 2 | 1,120 | $417 | - |
A 2940 N Cypress Road Sold | $522,000 | 3 | 2 | 1,320 | $395 | 0.1 mi |
B 2940 N Cypress Rd Sold | $522,000 | 3 | 2 | 1,320 | $395 | 0.1 mi |
C 1310 E Del Mar Way Sold | $515,000 | 2 | 2 | 1,407 | $366 | 0.8 mi |
D 1351 E Gem Circle Sold | $675,000 | 3 | 2 | 1,258 | $537 | 0.5 mi |
E 1106 E El Cid Sold | $599,000 | 3 | 2 | 1,452 | $413 | 0.8 mi |
F 1494 E Gem Circle Sold | $680,000 | 3 | 2 | 1,475 | $461 | 0.3 mi |
G 2384 E Rogers Active Under Contract | $635,000 List Price | 3 | 2 | 1,218 | $521 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1977, this property is well-maintained and move-in ready but shows clear signs of age. The kitchen features dated white appliances and fluorescent box lighting, while the bathrooms and overall infrastructure are described as vintage. Although the interior has consistent tile flooring and the exterior is functional, the presence of unpermitted additions and the age of the major systems align with the fair condition criteria.
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 = 1120.
The property sits on a generous 10,019 square foot lot, offering significant potential for outdoor development, a private pool, or a lush desert landscape.
The addition of a professional-grade bonus master bedroom and a large walk-in storage room provides functional space far exceeding the standard two-bedroom layout.
Two rooms were completed without official permits, which may present challenges for traditional financing, appraisal valuations, and future resale compliance.
Constructed in 1977, the home may require updates to its core systems and aesthetic finishes to align with modern energy efficiency and luxury standards.
(3 BEDROOMS plus BONUS room, 4 ROOMS TOTAL)The bonus rooms were completed by a professional tradesman with significant experience in residential construction. While the work was not permitted, it was executed with high-quality materials and craftsmanship intended for long-term primary residence. Seller invites any prospective buyer to bring their own contractor or home inspector to verify the structural and electrical integrity during the due diligence period.Discover your own desert oasis in the heart of Palm Springs! This exceptional property features two spacious bedrooms and two bathrooms plus an unpermitted bonus master bedroom and an additional room that can serve as a large walk-in closet or storage space. With over 10,000 square feet of land, this home offers endless possibilities.Imagine transforming this space into your serene family retreat or a profitable Airbnb venture, drawing in guests eager to experience the beauty of Palm Springs. The expansive lot provides ample room for outdoor activities, future development, or simply soaking in the breathtaking desert views.Don't miss this chance to claim your piece of paradise and unleash the potential of this unique property. With a touch of creativity, you can turn this gem into your dream home or a lucrative investment. Schedule your showing today!Property is virtually/physically staged with a few vases and pillows. (2 rooms unpermitted)
No exterior & parking available.
Grades K-5 • 0.9 mi
Grades K-5 • 1.5 mi
Grades 6-8 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 8% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,120 | 1,909.5 | 2% |
| Lot Size | 10,019 | 9,583 | 54% |
| Price | $524.9K | $875.0K | 10% |
| Price per sq ft | $469 | $481 | 46% |
| Built year | 1977 | 1986 | 37% |
| HOA | $0 | $0 | 50% |
| Days on market | 85 | 185 | 16% |
Mar 26, 2026
$524,900
$525,000
+0% Price Increase
Initial Listing
Jan 28, 2026
$525,000
Initial Listing