483 E Francis Drive, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 2 bath
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Palm Springs, California 92262
This Iconic Midcentury Modern Alexander Home is a Prime Investment Opportunity, listed at $939,000—positioned well below the $960,424 Fair Market Value by 2%. This valuation gap offers $21,424 in Instant Equity. Boasting an Excellent Condition Rating, the residence features owned solar, polished concrete floors, and a newly remodeled heated pebble pool with unobstructed mountain views. Located steps from Vista Del Monte Elementary, this Palmer and Krisel masterpiece offers a turnkey desert lifestyle. It is a premier choice for Design Enthusiasts or Owner-Occupants seeking a historic, high-efficiency retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 483 E Francis Drive Subject | $927,500* List Price | 3 | 2 | 1,225 | $750 | - |
A 2550 N Kitty Hawk Drive Sold | $965,000 | 3 | 2 | 1,225 | $788 | 0.4 mi |
B 888 E Janet Circle Sold | $915,000 | 3 | 2 | 1,225 | $747 | 0.3 mi |
C 859 E Grace Circle Sold | $775,000 | 3 | 2 | 1,225 | $633 | 0.3 mi |
D 2146 N Blando Road Sold | $980,000 | 3 | 3 | 1,520 | $645 | 0.6 mi |
E 402 E Desert Willow Circle Sold | $1,160,000 | 3 | 2 | 1,567 | $740 | 0.1 mi |
F 2730 N Biskra Road Sold | $710,000 | 3 | 2 | 1,134 | $626 | 0.9 mi |
G 2410 N Starr Road Active | $1,025,000 List Price | 3 | 2 | 1,225 | $837 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1959, this iconic Alexander home has undergone extensive recent renovations that bring it to modern standards. Key upgrades include new plumbing, a newer roof, an owned solar system, and a tankless water heater. The interior features high-end polished concrete flooring and newly remodeled bathrooms with new tile, while the exterior boasts a newly remodeled pebble-finish pool and updated drought-tolerant landscaping, indicating no deferred maintenance and high-quality finishes throughout.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11326, living area = 1225.
Designed by famed architects Palmer and Krisel, this authentic Alexander home features sought-after midcentury modern elements like post-and-beam construction and original breezeblock walls, offering significant collector appeal.
The property includes high-value modern improvements such as an owned solar system, newer roof, updated plumbing, and a newly remodeled heated pebble-finish pool, ensuring lower utility costs and reduced immediate maintenance.
With only 1,225 square feet of living space, the home is relatively compact, which may be a constraint for buyers seeking larger rooms or dedicated home office spaces.
Despite many modern updates, the 1959 construction may require ongoing specialized care to preserve its historic integrity and address any remaining original structural components.
Character and style abound in this iconic midcentury modern Alexander home in the sought after Racquet Club Estates neighborhood. Designed by famed architects Palmer and Krisel, this beautifully maintained home has it all! The original breezeblock wall invites you into the front entrance where you are greeted inside by incredible post and beam construction, gorgeous views, an appealing open floor plan with tons of seating to host fabulous dinner parties both inside and out! This home has endless upgrades like a robust OWNED solar system to keep electricity costs at a bare minimum, polished concrete flooring, a newer roof, new plumbing, new tile in both bathrooms, tankless water heater, and newly remodeled heated pebble finish pool! Upgrades unique to this home are a wall of glass sliders to welcome in the outdoors in true MCM style, and a huge backyard space with new turf and incredible privacy. Lounge by the pool while enjoying western mountain views and colorful sunsets at night. There is ample room to add additional seating areas, a hot tub, fire pit, studio or even a casita! There is new drought tolerant landscape both front and back and outdoor lighting adds to the incredible curb appeal. Close to downtown Palm Springs, the uptown design district, bike paths, golf and tennis clubs, hip restaurants and hot spots, and just 10 minutes to the airport, this home resides in a desert Mecca yet it is both quiet and secure! This stellar property is not to be missed!
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades 6-8 • 0.8 mi
Grades 9-12 • 2.9 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 | 1,225 | 1,909.5 | 7% |
| Lot Size | 11,326 | 9,583 | 73% |
| Price | $927.5K | $875.0K | 55% |
| Price per sq ft | $757 | $483 | 87% |
| Built year | 1959 | 1986 | 21% |
| HOA | $0 | $0 | 50% |
| Days on market | 62 | 185 | 5% |
Apr 18, 2026
$927,500
$939,000
-1% Price Drop
Initial Listing
Feb 20, 2026
$939,000
Initial Listing
Apr 23, 2019
$640,000
Public Record
Sep 12, 2017
$510,000
Public Record
Oct 13, 2009
$242,000
Public Record
May 13, 2005
$485,000
Public Record
Feb 20, 2004
$350,000
Public Record
Feb 20, 2004
$235,000
Public Record