303 E San Rafael Drive, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 2 bath
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Palm Springs, California 92262
This Modernized Mid-Century Modern Home is a Strong Value Opportunity, listed at $849,000—positioned well below the $921,249 Fair Market Value by 7%. This valuation gap provides $72,249 in Instant Equity. Boasting an Excellent Condition Rating, the residence features a renovated quartz kitchen, soaring ceilings, and a resort-style backyard with a private pool and mountain views. Its Short-Term Rental Eligibility within the Palm Springs Unified district offers high-income potential. This is an ideal acquisition for Owner-Occupants or Short-Term Rental Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 303 E San Rafael Drive Subject | $799,000* List Price | 3 | 2 | 1,844 | $460 | - |
A 505 E Molino Road Sold | $875,000 | 3 | 2 | 1,864 | $469 | 0.1 mi |
B 2097 N Berne Drive Sold | $972,600 | 3 | 2 | 1,830 | $531 | 0.8 mi |
C 190 W San Marco Way Sold | $819,900 | 3 | 2 | 1,912 | $429 | 0.3 mi |
D 2901 N Biskra Road Sold | $925,000 | 3 | 4 | 1,712 | $540 | 1.0 mi |
E 1022 E El Escudero Street Sold | $749,000 | 3 | 2 | 1,452 | $516 | 1.0 mi |
F 504 W Sunview Avenue Sold | $699,000 | 3 | 2 | 1,620 | $431 | 0.7 mi |
G 490 E Molino Road Active | $825,000 List Price | 3 | 2 | 1,672 | $493 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1977, the property has undergone an extensive recent renovation within the last 5 years. The interior features a fully modernized kitchen with quartz countertops, sleek cabinetry, and stainless steel appliances, alongside updated flooring and contemporary fixtures throughout. The resort-style backyard and well-maintained systems align with the highest quality standards for move-in ready luxury homes.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12197, living area = 1844.
The property features classic architectural lines, soaring ceilings, and clerestory windows that perfectly capture the sought-after Palm Springs mid-century modern lifestyle.
Set on an expansive 12,197 sqft lot, the backyard offers a private oasis with a sparkling pool, fire pit, and stunning mountain views, ideal for high-end entertaining.
The local schools, including Raymond Cree Middle and Desert Learning Academy, carry lower ratings (4/10), which may be a drawback for families prioritizing education.
Situated in the North End's Racquet Club East, the property is located in a corridor known for higher wind speeds compared to neighborhoods further south in the valley.
Short Term Rental Eligible!!!!Located in one of the most desirable neighborhoods in Palm Springs, this beautifully updated 3-bedroom, 2-bathroom mid-century modern home offers 1,844 square feet of iconic desert living. Designed with classic architectural lines, soaring ceilings, clerestory windows, and expansive sliding glass doors, the home is filled with natural light and seamlessly blends indoor and outdoor spaces. The open-concept living and dining areas create the perfect setting for both everyday comfort and entertaining. The modernized kitchen features quartz countertops, stainless steel appliances, and sleek cabinetry, offering a stylish and functional space for cooking and hosting. The spacious primary suite includes private access to the pool and backyard, while two additional bedrooms provide flexibility for guests, office space, or creative use. Step outside to your own private resort-style backyard featuring a sparkling pool, lounge and dining areas, fire pit, and breathtaking mountain views — ideal for relaxing, entertaining, and enjoying the Palm Springs lifestyle year-round. Just minutes from downtown Palm Springs, you’ll enjoy easy access to world-class dining, shopping, nightlife, golf, and entertainment, while still living in a quiet, established neighborhood. A rare opportunity to own a true Palm Springs architectural classic that delivers lifestyle, location, and long-term value. Perfect as a primary residence, second home, or investment property.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades 6-8 • 1.1 mi
Grades 9-12 • 3.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,844 | 1,909.5 | 43% |
| Lot Size | 12,197 | 9,583 | 81% |
| Price | $799.0K | $875.0K | 44% |
| Price per sq ft | $433 | $481 | 37% |
| Built year | 1977 | 1986 | 37% |
| HOA | $0 | $0 | 50% |
| Days on market | 64 | 185 | 5% |
Apr 2, 2026
$799,000
$849,000
-6% Price Drop
Initial Listing
Feb 18, 2026
$849,000
Initial Listing
Jan 4, 2021
$725,000
Public Record
Oct 8, 2014
$360,000
Public Record
Mar 4, 2014
$250,000
Public Record
Feb 24, 2014
$190,000
Public Record