394 W Bon Air Drive, Palm Springs, California 92262, Palm Springs, 92262 - 4 bed, 2 bath
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Palm Springs, California 92262
This Renovated Mid-Century Modern Home is a Strong Value Opportunity, listed at $525,000—positioned below the $533,015 Fair Market Value by 1%. This valuation provides $8,015 in Instant Equity. Boasting a Condition Score of 3, the property features an updated quartz kitchen, mountain views, and a cowboy pool. Located in a rare neighborhood with No HOA and No Land Lease that permits short-term rentals, it offers significant income potential. This turnkey asset is perfect for Short-Term Rental Investors or Owner-Occupants seeking a stylish desert retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 394 W Bon Air Drive Subject | $525,000* List Price | 4 | 2 | 1,622 | $329 | - |
A 386 W Sunview Avenue Sold | $397,800 | 4 | 2 | 1,352 | $294 | 0.1 mi |
B 485 485 W Tramview Sold | $395,000 | 4 | 2 | 1,318 | $300 | 0.1 mi |
C 3757 El Dorado Boulevard Sold | $525,000 | 4 | 2 | 1,645 | $319 | 0.2 mi |
D 3864 Mission Peak Sold | $499,000 | 3 | 2 | 1,411 | $354 | 0.3 mi |
E 461 W Palm Vista Sold | $540,000 | 4 | 2 | 1,284 | $421 | 0.1 mi |
F 1103 Alta Cresta Sold | $450,000 | 3 | 2 | 1,411 | $319 | 0.8 mi |
G 386 W Sunview Active | $439,000 List Price | 4 | 2 | 1,352 | $325 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1963, the property has undergone significant recent renovations including a kitchen with new quartz countertops and appliances, along with two updated bathrooms. The interior features modern flooring and the systems appear functional with the addition of a leased solar system, making it move-in ready.
The property is located in a neighborhood with no HOA and no land lease that permits short-term rentals, offering rare flexibility and income potential for Palm Springs investors.
Featuring updated kitchen and bathrooms with a stylish 'fun vibe,' the home is offered with a turnkey furnished option, making it an immediate move-in or rental-ready asset.
The lot provides significant value through its mountain views, fully fenced yard, dedicated RV parking, and a converted garage games room, maximizing usable space for entertaining.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The property features a 'cowboy pool' rather than a traditional full-sized inground swimming pool, which may be a disadvantage in the competitive Palm Springs luxury rental market.
The solar system is leased rather than owned, requiring the buyer to assume an existing contract and monthly payment, which can complicate the financing or negotiation process.
Extraordinary value for a 4 bedroom Mid Century Modern home in Palm Springs. Just minutes from Downtown Palm Springs in a neighborhood that allows short term rentals with NO HOA and NO land lease! This stylish home features 3 large bedrooms and a small 4th bedroom/office, and 2 updated bathrooms. The kitchen has new appliances and beautiful new quartz countertops and a separate dining area. The house has great flow for entertaining and a super fun vibe. The 2 car garage is a dedicated games room with ping pong and foosball tables. There is RV parking on the side yard. Outside you will find a fully fenced, landscaped yard with a covered patio and gas BBQ for outdoor dining. There is a charming conversation area with views of the mountains, and a fun ''cowboy pool'' for the kids. A leased solar system keeps the bills in check. And to add to all the value: it can be sold TURN KEY FURNISHED.
No exterior & parking available.
Grades K-5 • 2.0 mi
Grades K-5 • 4.0 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 | 70% |
| Baths | 2.0 | 3.0 | 48% |
| Square foot | 1,622 | 1,939 | 35% |
| Lot Size | 6,970 | 9,583 | 28% |
| Price | $525.0K | $875.0K | 12% |
| Price per sq ft | $324 | $485 | 17% |
| Built year | 1963 | 1986 | 28% |
| HOA | $0 | $0 | 50% |
| Days on market | 31 | 180 | 2% |
May 7, 2026
$525,000
Initial Listing
Apr 28, 2023
$550,000
Public Record
May 18, 2015
$140,000
Public Record
May 24, 2013
$65,000
Public Record
Feb 11, 2013
$21,500
Public Record