6135 Montecito Dr 5, Palm Springs, California 92264, Palm Springs, 92264 - 3 bed, 3 bath
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Palm Springs, California 92264
This Turnkey Townhouse represents a High-Potential Investment Opportunity, listed at $499,900—positioned above the $443,779 Fair Market Value. While priced at a premium, the property’s Mint Condition Rating and status as a proven income-generator on FEE land justify the investment. Featuring a designer-remodeled kitchen, White Oak flooring, and access to 6 pools and tennis courts, this asset is optimized for short-term rentals. It is an ideal acquisition for Buy-and-Hold Investors seeking immediate cash flow or vacation home buyers desiring a fully furnished, resort-style sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6135 Montecito Dr 5 Subject | $484,900* List Price | 3 | 3 | 1,512 | $293 | - |
A 6147 Arroyo Road 4 Sold | $410,000 | 4 | 3 | 1,551 | $264 | 0.1 mi |
B 6263 E Driver Road Sold | $379,000 | 2 | 2 | 1,549 | $245 | 0.4 mi |
C 6000 Montecito Drive 4 Sold | $345,000 | 3 | 2 | 1,327 | $260 | 0.1 mi |
D 2010 Lawrence Crossley Active | $375,000 List Price | 3 | 3 | 1,460 | $257 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1972, the property has undergone a recent comprehensive contemporary renovation (<5 years reno). It features a fully remodeled kitchen with waterfall Caesarstone countertops and stainless steel appliances, new White Oak vinyl flooring throughout, and updated spa-inspired bathrooms, leaving it in mint, turnkey condition.
Situated on highly desirable FEE land with minimal rental restrictions, this property allows short-term rentals, making it an exceptional turnkey investment or income-generating vacation home.
The townhouse comes fully furnished and meticulously stocked by a professional designer, featuring modern upgrades like White Oak vinyl flooring, CaesarStone waterfall countertops, and spa-inspired bathrooms.
Located in the gated Mountain Shadows community, residents have access to 26 lush acres featuring 6 pools, a spa, 2 lighted tennis courts, and direct proximity to the Tahquitz Creek Public Golf Resort.
The monthly HOA fee is $525, which adds a significant recurring overhead cost that buyers must factor into their ongoing carrying costs.
Built in 1972, the underlying structure and community infrastructure are over 50 years old, which may require ongoing maintenance or future capital assessments despite the interior's modern remodel.
Mountain Shadows is a private gated resort-style community in South Palm Springs on FEE land with minimal Rental Restrictions! (Short term rentals allowed!)This home is sold TURNKEY, fully FURNISHED and stocked with everything you would need to vacation, done meticulously by accomplished designer. Mountain Shadows sits on 26 lushly landscaped acres with 6 Pools & Spa, 2 lighted Tennis Courts and spectacular Mountain Views with an abundance of fruit trees.This beautifully remodeled, fresh 3-bed, 2.5-bath townhouse-style condo features an inviting Living Room, open Kitchen & Dining Area with fantastic natural lighting illuminates on both levels. Stunning White Oak vinyl flooring throughout. Classic contemporary remodeled Kitchen with waterfall CaesarStone Counters, Subway Tiles and Stainless Steel Appliances. Lower level also features a Laundry Closet with a stacked Washer / Dryer and Powder Room. Also, a Spacious Enclosed Outdoor Patio (Perfect for entertaining!) with direct access to Covered Parking. Upper Floor features: 3 Bedrooms and 2 gorgeous remodeled Spa-inspired Bathrooms.The Primary Bedroom has a floor to ceiling closet with an en suite bathroom. (Front bedroom would make a perfect home office!) Minutes to downtown Shopping, Dining, Entertainment and adjacent to the beautiful Tahquitz Creek Public Golf Resort. Mountain Shadows is one of the most prominent rental income communities in Palm Springs! Ideal as a full-time residence, vacation home or an excellent investment! This condo is a must see! Sleeps 6, with short terms rentals available-this is a money maker!
No exterior & parking available.
Grades K-5 • 1.5 mi
Grades 6-8 • 1.7 mi
Grades 9-12 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,512 | 2,071.5 |
| Lot Size | - | 3,702.5 |
| Price | $484.9K | $610.4K |
| Price per sq ft | $321 | $385 |
| Built year | 1972 | 2003 |
| HOA | $525.0 | $600 |
| Days on market | 29 | 94 |
Jul 16, 2026
$484,900
$489,900
-1% Price Drop
Initial Listing
Jul 7, 2026
$489,900
$499,900
-2% Price Drop
Initial Listing
Jun 23, 2026
$499,900
Initial Listing
Jun 16, 2023
$428,000
Public Record