
Desert Hot Springs, California 92240
This Turnkey Vacation Rental Asset is a Strong Value Opportunity, listed at $499,950—positioned well below the $536,363 Fair Market Value by 6%. This valuation gap offers $36,413 in Instant Equity. Featuring a Good Condition Rating, this 2006 Santa Fe-style home includes a Granite Kitchen, Mountain Views, and a Spacious 0.20-Acre Lot with pool potential. While local school ratings are modest, the property’s proven rental history makes it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-performing desert retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 66657 San Rafael Subject | $479,950* List Price | 4 | 3 | 2,318 | $216 | - |
A 66790 Yucca Drive Sold | $374,000 | 4 | 4 | 1,676 | $223 | 0.1 mi |
B 66034 Santa Rosa Sold | $379,900 | 3 | 2 | 1,837 | $207 | 0.7 mi |
C 66278 3rd Street Sold | $382,000 | 4 | 2 | 1,650 | $232 | 0.8 mi |
D 66053 Avenida Ladera Sold | $540,000 | 4 | 2 | 2,120 | $255 | 0.7 mi |
E 10683 Ambrosio Drive Sold | $370,000 | 4 | 2 | 1,439 | $257 | 0.4 mi |
F 66635 Casa Grande Drive Sold | $512,500 | 3 | 2 | 2,107 | $243 | 0.5 mi |
G 10421 Verbena Drive Sold | $379,000 | 3 | 2 | 1,543 | $246 | 0.3 mi |
H 66864 Casa Grande Drive Active Under Contract | $449,000 List Price | 4 | 2 | 1,984 | $226 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2006 (18 years old), the property is well-maintained and move-in ready. It features functional updates including luxury vinyl plank flooring, granite countertops, and stainless steel appliances, fitting the 10-20 year age criteria for good condition.
Built in 2006, this Santa Fe-style home features soaring ceilings and a stunning great room with a floor-to-ceiling stacked-stone fireplace, offering a contemporary and spacious feel ideal for entertaining.
The property is offered turnkey with a proven track record as a vacation rental, providing an immediate income-generating opportunity for investors looking for a move-in ready asset.
Boasting dramatic mountain views and a generous 0.20-acre lot, the property offers significant value-add potential with ample space to install a private pool.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The local schools, including Painted Hills Middle and Desert Hot Springs High, have low performance ratings (2 and 3 respectively), which may deter families prioritizing education.
While marketed as a vacation rental, the requirement for the buyer to verify STR permit eligibility introduces uncertainty due to potential local caps or changing city regulations.
Welcome to this beautifully appointed 2006 Santa Fe–style home in North Desert Hot Springs, offering 2,318 square feet of single-level living with soaring ceilings and an open, sun-filled layout. The heart of the home is a stunning great room anchored by a floor-to-ceiling stacked-stone fireplace, framed by a wall of sliders that capture the dramatic mountain backdrop and lead out to the patio. The open-concept kitchen impresses with granite counters, stainless appliances, a center island, and breakfast bar seating that flows effortlessly into the living and dining spaces, built for gathering and entertaining. Four spacious bedrooms include a serene primary suite with its own mountain-view slider and a spa-inspired bath featuring a soaking tub and dual vanity, while the additional bedrooms offer flexible space for family, guests, or a home office. Tile and luxury vinyl plank flooring, central heat and air, ceiling fans throughout, and an attached two-car garage round out the comfort and quality. Offered turnkey with a proven track record as a vacation rental, this is a rare opportunity just minutes from Mission Lakes, the area's celebrated mineral spas, and an easy drive to Palm Springs. Set on a generous 0.20-acre lot with room to add a pool, this is elevated desert living ready for its next owner. Buyer to verify short-term rental permit eligibility with the City of Desert Hot Springs. Furniture available for purchase on a separate bill of sale.
No exterior & parking available.
Grades 6-8 • 1.2 mi
Grades 9-12 • 1.3 mi
Grades K-12 • 11.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,318 | 1,508 |
| Lot Size | 8,712 | 7,841 |
| Price | $479.9K | $398.1K |
| Price per sq ft | $207 | $248 |
| Built year | 2006 | 1986 |
| HOA | $0 | $334 |
| Days on market | 47 | 88 |
Jul 14, 2026
$479,950
$499,950
-4% Price Drop
Initial Listing
Jun 5, 2026
$499,950
Initial Listing
Jul 26, 2021
$425,500
Public Record
Jan 31, 2019
$285,000
Public Record
Aug 31, 2012
$97,500
Public Record
Sep 26, 2003
$25,000
Public Record