303 E San Rafael Drive, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 2 bath
303 E San Rafael Drive
Palm Springs, California 92262
Property Price
SUMMARY
Analysis of 303 E San Rafael Drive, Palm Springs, California 92262 reveals a Prime Investment Opportunity with a current list price of $849,000—significantly undercutting the $883,760 Fair Market Value by 3%. This valuation gap indicates a +$34,760 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
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 303 E San Rafael Drive Subject | $849,000* List Price | 3 | 2 | 1,844 | $479 | - |
A 505 E Molino Road Sold | $875,000 | 3 | 2 | 1,864 | $469 | 0.1 mi |
B 190 W San Marco Way Sold | $819,900 | 3 | 2 | 1,912 | $429 | 0.3 mi |
C 2901 N Biskra Road Sold | $925,000 | 3 | 4 | 1,712 | $540 | 1.0 mi |
D 410 E Lindsey Drive Sold | $1,075,000 | 4 | 3 | 2,454 | $438 | 0.1 mi |
E 2300 N Carillo Road Sold | $765,000 | 3 | 2 | 1,392 | $550 | 0.9 mi |
F 481 W Sunview Sold | $657,000 | 4 | 2 | 1,318 | $498 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
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.
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 = 12197, living area = 1844.
- Iconic Mid-Century Aesthetic
The property features classic architectural lines, soaring ceilings, and clerestory windows that perfectly capture the sought-after Palm Springs mid-century modern lifestyle.
- Resort-Style Outdoor Living
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.
CONSRISKS & DEFICIENCIES
- Moderate School Ratings
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.
- Wind-Prone Location
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.
About 303 E San Rafael Drive
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1977
- Lot Size
- 12,197 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Palm Springs Unified Schools
Vista Del Monte Elementary School
Grades K-5 • 0.3 mi
Raymond Cree Middle School
Grades 6-8 • 1.1 mi
Palm Springs High School
Grades 9-12 • 3.1 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 45% |
| Square foot | 1,844 | 1,964 | 40% |
| Lot Size | 12,197 | 9,583 | 82% |
| Price | $849.0K | $895.0K | 43% |
| Price per sq ft | $460 | $477 | 43% |
| Built year | 1977 | 1989 | 37% |
| HOA | $0 | $0 | 50% |
| Days on market | 17 | 179 | 1% |
Pricing History
Listed for Sale
Feb 18, 2026
$849,000
Initial Listing
Sold
Jan 4, 2021
$725,000
Public Record
Sold
Oct 8, 2014
$360,000
Public Record
Sold
Mar 4, 2014
$250,000
Public Record
Sold
Feb 24, 2014
$190,000
Public Record