
Palm Springs, California 92264
This Turnkey Single Family Residence represents a High-Potential Investment Opportunity, listed at $899,000—positioned well below the $897,561 Fair Market Value (effectively at market). Featuring a Condition Rating of 2 due to a full "down-to-the-studs" reconstruction, this home includes a Tesla solar system, new HVAC, and a private pool. Located in a neighborhood with a short-term rental permit cap, it offers a projected $100,000+ annual income. This is an ideal asset for Buy-and-Hold Investors or Owner-Occupants seeking a high-performing, maintenance-free property near the revitalized Demuth Park.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3864 E Cll San Raphael Subject | $899,000* List Price | 3 | 3 | 2,200 | $408 | - |
A 1731 San Sebastian Court Sold | $789,000 | 3 | 4 | 2,108 | $374 | 1.0 mi |
B 3940 E Calle San Antonio Active | $797,000 List Price | 3 | 2 | 1,699 | $469 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property underwent a complete 'down to the studs' reconstruction and reimagining, effectively making it a new home. All major systems are brand new, including HVAC, a 200-amp electrical panel, plumbing, roof, and high-efficiency windows. The kitchen features modern high-end finishes and the home is described as turnkey with zero deferred maintenance, meeting the criteria for a renovation under 5 years old.
Taken down to the studs and reimagined with all-new systems, including a Tesla solar array, new roof, 200-amp panel, and high-efficiency HVAC, ensuring a turnkey experience with zero deferred maintenance.
Situated in a neighborhood under the 20% short-term rental permit cap with a projected gross annual income exceeding $100,000, offering a rare and lucrative opportunity for investors.
The property offers a front-row seat to the multi-million dollar Demuth Park upgrade, providing immediate access to 24 new pickleball courts, dog parks, and enhanced public infrastructure.
Located minutes from PSP International Airport, the property may experience noise levels associated with flight paths, which could affect the serenity of the outdoor pool area.
At 6,534 sqft, the lot is relatively small for a 2,200 sqft home and a large lap pool, resulting in limited additional yard space for landscaping or expansion.
This is a rare opportunity to own a home meticulously reconstructed and reimagined by the owners for their personal use, offering a level of quality and structural integrity seldom found in the market. Taken down to the studs, the property underwent extensive system upgrades including new framing, insulation, drywall, a full roof replacement, and updated plumbing. The electrical system has been modernized with a new 200-amp panel, complemented by new HVAC systems, ducting, high-efficiency windows, and a Tesla solar system for long-term energy savings. Truly turnkey with zero deferred maintenance, this property was built with longevity in mind. Inside, soaring cathedral ceilings create a dramatic sense of volume and light, enhancing the open-concept design and seamless indoor-outdoor flow. The flexible floor plan includes a private en-suite with its own separate entrance ideal for a home office, multigenerational living, or a high-end guest suite. Outdoor living is defined by a large pool ideal for swimming laps, set against a backdrop of stunning mountain views in a private, serene setting. Crucially for investors and part-time residents, this home is located in a neighborhood currently under the City of Palm Springs' 20% short-term rental permit cap, offering a rare window of opportunity to secure a new rental permit. With strong local demand and a projected gross annual income exceeding $100,000 based on comparable performance, this is a high-performing asset ready for immediate occupancy (buyer to verify permit availability). The location offers a front-row seat to the massive, multi-million dollar revitalization of Demuth Park. This extensive public project is transforming the area with 24 brand-new pickleball courts, permanent large and small dog parks with ADA parking, and a new restroom building. Infrastructure improvements include the conversion of a 2.2-acre lot into a 165-stall paved parking lot with advanced drainage, along with the paving of the Community Center and Little League lots and fully restored pathways throughout the park. Situated minutes from world-class golf, downtown Palm Springs, and PSP International Airport, this property combines superior build quality with unparalleled access to the city's newest recreational hub. Secure a high-quality, "no-project" home in a neighborhood seeing historic investment and growth. Mid Century.
No exterior & parking available.
Grades K-5 • 1.2 mi
Grades K-5 • 1.9 mi
Grades 6-8 • 3.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,200 | 2,307 | 45% |
| Lot Size | 6,534 | 10,019 | 27% |
| Price | $899.0K | $1.42M | 23% |
| Price per sq ft | $409 | $623 | 17% |
| Built year | 1946 | 1976 | 6% |
| HOA | $0 | $0 | 50% |
| Days on market | 24 | 144 | 1% |
May 13, 2026
$899,000
Initial Listing
Nov 12, 2024
$605,000
Public Record
Jan 18, 2013
$172,000
Public Record
Dec 27, 1995
$60,000
Public Record