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61826 Terrace Drive, Joshua Tree, California 92252, Joshua Tree, 92252 - 2 bed, 1 bath

61826 Terrace Drive, Joshua Tree, California 92252 home-pic-0
ACTIVE$399,000
61826 Terrace Drive, Joshua Tree, California 92252
2Beds
1Bath
995Sqft
7,200Lot

Price Vs. Estimate

The estimated value ($355,148.69) is $43,851.31 (10%) lower than the list price ($399,000). This property may be overpriced.

Key pros and cons

Top Pros:
Proven Income Potential: This property is a noted, lucrative, and well-oiled Airbnb machine, fully furnished and ready for immediate rental, offering a strong investment opportunity.
Top Cons:
Limited Bathroom Count: With only one bathroom, the property may present functional limitations for multiple guests or families, potentially impacting its appeal for larger rental groups.

Compared to the nearby listings

Price:$399.0K vs avg $390.0K (+$9,000)54%
Size:995 sqft vs avg 1,238 sqft23%
Price/sqft:$401 vs avg $30868%

More Insights

Built in 1959 (66 years old).
Condition: This property, built in 1959, underwent an extensive and permitted remodel in 2015, falling within the 'extensively renovated within 5 to 15 years' criteria. The listing explicitly states it's 'fully furnished' and 'turnkey.' Images confirm a modern kitchen with stainless steel appliances, birch cabinets, and oak butcherblock countertops. The bathroom features a large walk-in shower with modern subway tiles. Concrete floors, modern light fixtures, and mini-split AC units are visible throughout, indicating a well-maintained and updated property with no immediate renovations required.
Year Built
1959
Close
-
List price
$399K
Original List price
$449K
Price/Sqft
$401
HOA
-
Days on market
-
Sold On
-
MLS number
JT25026092
Home ConditionGood
Features
Good View: Desert, Mountain(s)
Patio
ViewDesert, Mountain(s)

About this home

Back on Top: This noted Airbnb first remodeled by the Smirke design duo We Are In Our Element in 2015 helped set the stylistic tone for vacation rentals in downtown Joshua Tree. Throughout, it has remained a lucrative, well-oiled machine. Improved and updated to include a refined indoor/outdoor living experience, featuring an exterior clawfoot bathtub, firepit, shaded area and hammock circle for stargazing. FULLY FURNISHED and ready to rent. Beautifully realized minimalist remodel updated with permits into an authentic midcentury modern. Stainless steel appliances, oak butcherblock countertops, birch kitchen cabinets, concrete floors, large walk-in shower featuring modern floor-to-ceiling subway tiles, flat-panel interior doors and large single-light glass front door. National Park views from family room and sunroom/den facing large fenced-in backyard. Completely finished, refined, turnkey property awaits your arrival.

Nearby schools

3/10
Joshua Tree Elementary School
Public,•K-6•0.3mi
3/10
La Contenta Middle School
Public,•7-8•3.4mi
4/10
Yucca Valley High School
Public,•9-12•6.5mi
Condition Rating
Good
This property, built in 1959, underwent an extensive and permitted remodel in 2015, falling within the 'extensively renovated within 5 to 15 years' criteria. The listing explicitly states it's 'fully furnished' and 'turnkey.' Images confirm a modern kitchen with stainless steel appliances, birch cabinets, and oak butcherblock countertops. The bathroom features a large walk-in shower with modern subway tiles. Concrete floors, modern light fixtures, and mini-split AC units are visible throughout, indicating a well-maintained and updated property with no immediate renovations required.
Pros & Cons

Pros

Proven Income Potential: This property is a noted, lucrative, and well-oiled Airbnb machine, fully furnished and ready for immediate rental, offering a strong investment opportunity.
Exceptional Design & Renovation: Remodeled by the Smirke design duo, it set the stylistic tone for vacation rentals in Joshua Tree, featuring a beautifully realized, permitted midcentury modern aesthetic.
Enhanced Indoor/Outdoor Living: The property offers a refined indoor/outdoor experience, including an exterior clawfoot bathtub, firepit, shaded area, and hammock circle for stargazing, highly desirable in the Joshua Tree environment.
Modern Interior Finishes: Updated with stainless steel appliances, oak butcherblock countertops, birch kitchen cabinets, concrete floors, a large walk-in shower with modern subway tiles, and flat-panel interior doors.
Scenic Views: Enjoy National Park, desert, and mountain views from the family room and sunroom/den, enhancing the property's appeal and guest experience.

Cons

Limited Bathroom Count: With only one bathroom, the property may present functional limitations for multiple guests or families, potentially impacting its appeal for larger rental groups.
Compact Interior Footprint: At 995 square feet, the interior living space is relatively small, which might limit its long-term appeal for some buyers or restrict the number of guests it can comfortably accommodate.
Price History & Valuation Discrepancy: The property has seen a significant price reduction from its original listing and is currently listed above its estimated market value, suggesting potential overpricing or challenges in market perception.

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