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845 West Gateway Drive, Palm Springs, California 92262, Palm Springs, 92262 - 4 bed, 2 bath

845 West Gateway Drive, Palm Springs, California 92262 home-pic-0
ACTIVE$739,000
845 West Gateway Drive, Palm Springs, California 92262
4Beds
2Baths
1,248Sqft
11,326Lot
Year Built
1960
Close
-
List price
$739K
Original List price
$775K
Price/Sqft
$592
HOA
-
Days on market
-
Sold On
-
MLS number
SB25073159
Home ConditionExcellent
Features
Excellent View: Mountain(s)
Pool
Spa
Patio
ViewMountain(s)

About this home

Possibly Over-Priced:The estimated price is 35% below the list price. We found 3 Cons,6 Pros. Rank: price - $739.0K(28th), sqft - 1248(5th), beds - 4(64th), baths - 2(41th).

Just Reduced! Discover your dream desert oasis at 845 Gateway, ideally located just off Palm Canyon Drive. This beautifully renovated 3-bedroom, 2-bathroom Mid-Century Modern home sits on a spacious corner lot with breathtaking mountain views, offering the perfect blend of vintage charm and modern luxury. Every inch of this home has been thoughtfully renovated, reimagined for comfort, style, and functionality. Significant improvements include brand-new floors throughout, all-new plumbing, fresh paint inside and out, and a fully updated kitchen and bathrooms. The kitchen features brand-new LG appliances, a Nutone kitchen vent, and a sleek layout ideal for cooking and entertaining Outside, your private resort-style yard features a brand-new Pebble Tec pool and spa, all controlled by a new Pentair equipment system and MasterTemp gas heater with timer automation. The professionally landscaped grounds are enclosed by new fencing and a fully gated perimeter, creating a secluded haven perfect for lounging, entertaining, or enjoying starlit evenings. Located in the Gateway community, this property sits on fee simple land (you own it!), with no HOA and eligibility for short-term vacation rental permits. Similar homes in the area generate over $100,000 annually from STR income, making this home not only a stunning personal retreat but a smart investment opportunity. Best of all, it's positioned outside of the flight path and just minutes from downtown Palm Springs, the Aerial Tramway, golf, hiking, restaurants, and shopping. Whether you're looking for a full-time residence, a weekend getaway, or a high-performing vacation rental, this turnkey Mid-Century gem offers everything you need—and more. Don’t miss your chance to own this iconic piece of Palm Springs with modern upgrades, mountain views, and unmatched rental potential.

Nearby schools

7/10
Katherine Finchy Elementary School
Public,•K-5•2.0mi
4/10
Cahuilla Elementary School
Public,•K-5•3.9mi
4/10
Raymond Cree Middle School
Public,•6-8•1.8mi
6/10
Palm Springs High School
Public,•9-12•3.8mi
4/10
Desert Learning Academy
Public,•K-12•3.9mi
Condition Rating
Excellent
Despite being built in 1960, the property has undergone an extensive and recent renovation, as stated in the description and evidenced by the images. This includes brand-new flooring, all-new plumbing, fresh paint, fully updated kitchen with new LG stainless steel appliances and modern finishes (white shaker cabinets, quartz countertops, subway tile backsplash), and fully updated bathrooms. The outdoor area also features a brand-new Pebble Tec pool and spa. All visible components appear new, modern, and in pristine condition, indicating no deferred maintenance.
Pros & Cons

Pros

High Available Lot Utilization: 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 = 1248.
Extensive Modern Renovation: The home has undergone a thoughtful and extensive renovation, including brand-new floors, all-new plumbing, fresh paint inside and out, and fully updated kitchen and bathrooms with new LG appliances, blending vintage charm with modern luxury.
High Short-Term Rental (STR) Potential: The property is eligible for short-term vacation rental permits and similar homes in the area generate over $100,000 annually, presenting a significant investment opportunity.
Private Resort-Style Outdoor Living: The private, professionally landscaped yard features a brand-new Pebble Tec pool and spa with new Pentair equipment and automation, new fencing, and a gated perimeter, creating a secluded haven.
Desirable Location & Mountain Views: Ideally located on a spacious corner lot just off Palm Canyon Drive, offering breathtaking mountain views, outside of the flight path, and minutes from downtown Palm Springs attractions.
Fee Simple Land & No HOA: The property sits on fee simple land (owner-owned) with no Homeowners Association (HOA), offering greater control and lower recurring costs compared to many Palm Springs properties.

Cons

Compact Interior Space for Bedrooms: With 4 bedrooms in 1248 square feet, the interior living space is quite compact, potentially leading to smaller individual rooms or less communal area than some buyers might expect.
Age of Original Structure: Despite extensive renovations, the home's original construction year of 1960 means the underlying structure is over 60 years old, which could raise concerns for some buyers regarding long-term maintenance or unforeseen issues.
Recent Price Reduction: The property has been 'Just Reduced' from its original list price of $775,000 to $739,000, which might suggest it was initially overpriced or has faced challenges in attracting buyers.

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