
Palm Springs, California 92264
This Character-Rich Spanish Ranch is a Strong Value Opportunity, listed at $1,175,000—positioned well below the $1,186,165 Fair Market Value by 1%. This valuation gap offers $11,165 in Instant Equity. Boasting a Condition Rating of 3, the residence features Solar Panels, a Resort-Style Pool, and Panoramic Mountain Views. The massive 10,019 sq ft lot provides ample space for a casita or ADU. Located in Tahquitz River Estates near Cahuilla Elementary, this Short-Term Rental Eligible asset is ideal for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 745 E Sunny Dunes Road Subject | $1,175,000* List Price | 3 | 2 | 1,449 | $796 | - |
A 823 E San Lucas Road Sold | $1,435,000 | 3 | 3 | 1,711 | $839 | 0.1 mi |
B 250 E Sonora Road Sold | $1,130,000 | 3 | 2 | 1,580 | $715 | 0.5 mi |
C 1175 E San Lucas Road Sold | $1,299,000 | 3 | 3 | 1,769 | $734 | 0.4 mi |
D 1450 S Via Soledad Sold | $1,300,000 | 3 | 3 | 1,975 | $658 | 0.6 mi |
E 1574 S Via Soledad Active | $1,340,000 List Price | 3 | 2 | 1,562 | $858 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
This 1951 Spanish ranch-style home is move-in ready and well-maintained. While the kitchen features somewhat dated red tile countertops and traditional wood cabinets, and the bathrooms showcase distinct, older tile styles, all appear clean and highly functional. Crucially, the property benefits from significant modern upgrades including mini-split air conditioning units, solar panels, and modern stainless steel kitchen appliances, as well as updated laundry machines. These system updates, along with the overall good condition and appealing outdoor amenities, elevate it beyond 'Fair' despite the aesthetic age of some interior finishes. No immediate renovations are required for functionality or comfort.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10019, living area = 1449.
Located in the highly desirable Tahquitz River Estates, this home is within walking distance to downtown Palm Springs and local amenities, and is noted as being 'out of the wind'.
The sun-drenched, private backyard features a sparkling pool, chic cabana, and dramatic mountain views, creating a personal resort-like experience ideal for entertaining and relaxation.
Built in 1951, while possessing character, the property may require updates to its core systems (e.g., plumbing, electrical) or finishes to meet modern buyer expectations, as no major recent renovations are specified.
The description does not explicitly mention a cooling system (e.g., central air conditioning), which could be a significant drawback for comfort during Palm Springs' hot desert summers.
The sales history shows a notable price fluctuation, with a sale at $1.3M in May 2022, followed by $1.015M in September 2022, and now listed at $1.175M, which might raise questions about market value stability or previous pricing strategies.
Rich in character and designed for effortless desert living, this Spanish ranch style home offers a rare blend of charm, comfort, and privacy in the heart of Palm Springs. Whether enjoyed part-time or full-time, it feels like home the moment you step inside.The backyard is truly special, sun drenched and private, with a sparkling pool, chic cabana for al fresco dining or sunset cocktails, and dramatic mountain views that define the Palm Springs lifestyle. It's your own personal resort, ideal for entertaining, relaxing, and soaking up the sun.Inside, warmth and character meet a relaxed high desert aesthetic. A cozy fireplace anchors the living room, while the kitchen is designed for easy connection and effortless entertaining. The primary suite is a true retreat, featuring beautiful wood closet doors and direct access to a jetted hot tub just outside. Two stylish guest bedrooms and a vibrant guest bath add comfort and personality.The lot offers exceptional versatility, with a welcoming front garden, expansive pool and entertaining area, a west-side yard perfect for installing a bocce ball or planting a citrus grove, and a large east-side bonus yard ideal for building a casita/ADU, a pickle ball court, or your own custom outdoor escape, you decide.Located in the highly desirable Tahquitz River Estates neighborhood, this home is just a short walk to Townie Bagels and downtown Palm Springs. As a bonus, it is eligible for a City of Palm Springs short-term rental permit, offering the opportunity to Airbnb and offset ownership costs. Private, character-filled, and rich with outdoor space, located out of the wind and within walking distance of down town Palm Springs, this is an increasingly rare find i.Schedule your private showing today and experience this desert oasis for yourself.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades 6-8 • 2.3 mi
Grades K-12 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 25% |
| Square foot | 1,449 | 2,266 | 12% |
| Lot Size | 10,019 | 10,019 | 50% |
| Price | $1.18M | $1.34M | 37% |
| Price per sq ft | $811 | $609 | 86% |
| Built year | 1951 | 1976 | 10% |
| HOA | $0 | $0 | 50% |
| Days on market | 106 | 159 | 31% |
Jan 7, 2026
$1,175,000
Initial Listing
Sep 28, 2022
$1,015,000
Public Record
May 18, 2022
$1,300,000
Public Record
Feb 19, 2020
$622,000
Public Record
Mar 20, 2017
$450,000
Public Record
May 2, 2013
$200,000
Public Record