359 W Bon Air Drive, Palm Springs, California 92262, Palm Springs, 92262 - 4 bed, 3 bath
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Palm Springs, California 92262
This Remodeled Mid-Century Residence is a Prime Investment Opportunity, listed at $615,000—positioned well below the $637,041 Fair Market Value by 3%. This valuation gap provides $22,041 in Instant Equity for a property in Turnkey Condition. The home features a Resort-Style Backyard with a pool, spa, and Mountain Views, located near the top-rated Katherine Finchy Elementary School. Offered fully furnished with a proven rental history, it perfectly serves Lifestyle Buyers or Short-Term Rental Investors seeking immediate utility and appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 359 W Bon Air Drive Subject | $595,000* List Price | 4 | 3 | 1,440 | $427 | - |
A 481 W Sunview Sold | $657,000 | 4 | 2 | 1,318 | $498 | 0.2 mi |
B 490 W Palm Vista Drive Sold | $574,900 | 4 | 2 | 1,318 | $436 | 0.2 mi |
C 3757 El Dorado Boulevard Sold | $525,000 | 4 | 2 | 1,645 | $319 | 0.2 mi |
D 504 W Sunview Avenue Sold | $699,000 | 3 | 2 | 1,620 | $431 | 0.2 mi |
E 14 Ashby Circle Sold | $660,000 | 3 | 2 | 1,248 | $529 | 0.4 mi |
F 3773 Mission Peak Sold | $605,000 | 2 | 2 | 1,206 | $502 | 0.3 mi |
G 386 W Sunview Active | $455,000 List Price | 4 | 2 | 1,352 | $337 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This mid-century home has been extensively renovated within the last few years, featuring a fully updated kitchen with modern shaker cabinetry and stainless steel appliances, and designer bathrooms with contemporary tile work and fixtures. The property includes new flooring, recessed lighting, and a resort-style backyard completed in 2022, meeting the criteria for a virtually new, turnkey residence 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 = 7405, living area = 1440.
The property features a high-end outdoor retreat completed in 2022, including a pool, spa, fire pit, and BBQ island with stunning mountain views, perfect for entertaining.
Offered fully furnished with a proven short-term rental history, this property provides a seamless transition for investors seeking immediate income or buyers wanting a move-in-ready vacation home.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1440, other record living area = 1200. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
With four bedrooms and three bathrooms packed into 1,440 square feet, the individual room sizes and common living areas may feel significantly smaller than standard four-bedroom homes.
The solar system is leased rather than owned, which requires the buyer to assume an existing contract and may complicate the financing process or long-term cost-benefit analysis.
Welcome to 359 W Bon Air, ideally situated in one of the most desirable pockets of the Desert Highland Gateway Estates neighborhood--an area experiencing exciting revitalization and ongoing investment from the city, with continued improvements already underway. --- This turnkey, fully furnished, remodeled mid-century home offers four bedrooms, including two en-suite, within an open-concept layout designed for both everyday living and effortless entertaining. The private primary suite features its own separate entrance, providing added flexibility for guests or extended stays. --- The backyard, newly completed in 2022, is a true entertainer's retreat, showcasing a resort-style pool and spa, modern outdoor living areas, stunning mountain views, a built-in fire pit, and a BBQ island. Leased solar enhances energy efficiency. With a strong short-term rental track record, this property is ideal as a primary residence, vacation getaway, or income-producing investment in a neighborhood on the rise.
No exterior & parking available.
Grades K-5 • 2.0 mi
Grades K-5 • 3.9 mi
Grades 6-8 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 71% |
| Baths | 3.0 | 2.0 | 50% |
| Square foot | 1,440 | 1,909.5 | 22% |
| Lot Size | 7,405 | 9,583 | 34% |
| Price | $595.0K | $875.0K | 17% |
| Price per sq ft | $413 | $481 | 34% |
| Built year | 1964 | 1986 | 30% |
| HOA | $0 | $0 | 50% |
| Days on market | 35 | 185 | 1% |
Apr 2, 2026
$595,000
$615,000
-3% Price Drop
Initial Listing
Mar 19, 2026
$615,000
Initial Listing
Jan 8, 2021
$325,000
Public Record