971 E Alexander Way, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 2 bath
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Palm Springs, California 92262
This Iconic Mid-Century Modern Masterpiece is listed at $1,150,000, offering a rare chance to own a property with an Excellent Condition Rating. While the $1,064,693 Fair Market Value reflects a premium for its architectural pedigree, the price is supported by extensive 2023 turnkey upgrades and its signature Palmer & Krisel design. The home features a quintessential Butterfly roof, unobstructed mountain views, and a private pool and spa. Located near Vista Del Monte Elementary, this historic sanctuary provides a high-end lifestyle for Architecture Enthusiasts or Luxury Homeowners seeking a move-in-ready retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 971 E Alexander Way Subject | $1,099,000* List Price | 3 | 2 | 1,225 | $821 | - |
A 2550 N Kitty Hawk Drive Sold | $965,000 | 3 | 2 | 1,225 | $788 | 0.2 mi |
B 859 E Grace Circle Sold | $775,000 | 3 | 2 | 1,225 | $633 | 0.2 mi |
C 888 E Janet Circle Sold | $915,000 | 3 | 2 | 1,225 | $747 | 0.3 mi |
D 2146 N Blando Road Sold | $980,000 | 3 | 3 | 1,520 | $645 | 0.1 mi |
E 2164 N Berne Drive Sold | $1,226,000 | 3 | 2 | 1,477 | $830 | 0.2 mi |
F 578 E Desert Willow Circle Sold | $925,000 | 3 | 2 | 1,225 | $755 | 0.4 mi |
G 600 E Alexander Way Active | $865,000 List Price | 3 | 2 | 1,225 | $706 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This 1959 Mid-Century Modern home has undergone extensive recent renovations, making it a turnkey property. Significant upgrades include a 2023 foam roof, a fully remodeled guest bathroom, an updated kitchen, and rejuvenated micro-concrete floors. The property also features new dual-pane windows, updated pool equipment, and a new garage door, ensuring all major systems and aesthetic components meet modern quality standards with no deferred maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10454, living area = 1225.
Designed by Palmer & Krisel and built by the Alexander Construction Co., this 1959 'Butterfly' roof home is a quintessential example of Mid-Century Modernism, offering significant historical value and aesthetic appeal.
The property boasts major recent improvements including a 2023 foam roof, updated kitchen and baths, rejuvenated micro-concrete floors, and a reconstructed pebble-surface pool with new equipment, ensuring a move-in-ready experience.
With only 1,225 square feet of living space, the home has a relatively small footprint for the $1.15M price point, which may be a drawback for buyers seeking more spacious indoor accommodations.
While marketed as STR-ready, Palm Springs' strict neighborhood percentage caps and specific licensing requirements (Junior/Home-Share) may limit the immediate income potential for traditional investment buyers.
Significant Price Improvement! Iconic Palm Springs Butterfly Home in Racquet Club East! Step into the golden age of desert modernism with this stunning 3-bed, 2-bath Mid-Century Modern gem designed by Palmer & Krisel and built by the Alexander Construction Co. Located on a spacious corner lot in Racquet Club East, this quintessential Butterfly-roof home blends classic architecture with thoughtful, modern updates. Inside: Updated kitchen, painted tongue-and-groove ceilings, rejuvenated micro-concrete floors, and new front dual-pane windows and clerestory preserve vintage charm while enhancing comfort. The open floor plan is bathed in natural light, with upgraded can lighting and mirrored closet doors. Bathrooms have been tastefully updated: guest bath fully remodeled; primary bath with new flooring, vanity, and toilet. The home also includes a laundry/storage room off the primary suite. Enjoy spectacular unobstructed mountain views from your private backyard oasis, featuring a reconstructed pebble surface pool and large spa with updated pool equipment, gas fire pit, expansive hardscape, metal tilting louvered pergola and new metal fencing. A 2023 foam roof, new concrete driveway and garage door add to the turnkey appeal. STR-ready with Junior (6) and Home-Share licenses available (City verification required), this is an ideal primary home, vacation retreat, or income-producing property. Furnishings available. Don't miss this rare chance to own a piece of Palm Springs history. Contact me today for your private showing!
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades 6-8 • 0.4 mi
Grades 9-12 • 2.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,225 | 1,909.5 | 7% |
| Lot Size | 10,454 | 9,583 | 62% |
| Price | $1.10M | $875.0K | 66% |
| Price per sq ft | $897 | $483 | 93% |
| Built year | 1959 | 1986 | 21% |
| HOA | $0 | $0 | 50% |
| Days on market | 164 | 185 | 41% |
Mar 28, 2026
$1,099,000
$1,150,000
-4% Price Drop
Initial Listing
Mar 11, 2026
$1,150,000
$1,175,000
-2% Price Drop
Initial Listing
Nov 10, 2025
$1,175,000
Initial Listing
Jan 11, 2022
$1,101,000
Public Record
Oct 7, 2002
$289,000
Public Record
Aug 10, 2001
$246,000
Public Record
Oct 13, 2000
$156,000
Public Record
Jun 9, 2000
$143,500
Public Record