$899,000
Palm Springs, CA 92264
3
Beds
3
Baths
2,200
Sq. Ft.
1946
Year Built
Riverside
County
SingleFamilyResidence
Property Type
This is a rare opportunity to own a home meticulously reconstructed and reimagined by the owners for their personal use, offering a level of quality and structural integrity seldom found in the market. Taken down to the studs, the property underwent extensive system upgrades including new framing, insulation, drywall, a full roof replacement, and updated plumbing. The electrical system has been modernized with a new 200-amp panel, complemented by new HVAC systems, ducting, high-efficiency windows, and a Tesla solar system for long-term energy savings. Truly turnkey with zero deferred maintenance, this property was built with longevity in mind. Inside, soaring cathedral ceilings create a dramatic sense of volume and light, enhancing the open-concept design and seamless indoor-outdoor flow. The flexible floor plan includes a private en-suite with its own separate entrance ideal for a home office, multigenerational living, or a high-end guest suite. Outdoor living is defined by a large pool ideal for swimming laps, set against a backdrop of stunning mountain views in a private, serene setting. Crucially for investors and part-time residents, this home is located in a neighborhood currently under the City of Palm Springs' 20% short-term rental permit cap, offering a rare window of opportunity to secure a new rental permit. With strong local demand and a projected gross annual income exceeding $100,000 based on comparable performance, this is a high-performing asset ready for immediate occupancy (buyer to verify permit availability). The location offers a front-row seat to the massive, multi-million dollar revitalization of Demuth Park. This extensive public project is transforming the area with 24 brand-new pickleball courts, permanent large and small dog parks with ADA parking, and a new restroom building. Infrastructure improvements include the conversion of a 2.2-acre lot into a 165-stall paved parking lot with advanced drainage, along with the paving of the Community Center and Little League lots and fully restored pathways throughout the park. Situated minutes from world-class golf, downtown Palm Springs, and PSP International Airport, this property combines superior build quality with unparalleled access to the city's newest recreational hub. Secure a high-quality, "no-project" home in a neighborhood seeing historic investment and growth.
$4,785/mo
20% down · 7% APR · 30-yr fixed
Estimate only. Does not include taxes, insurance, or HOA.
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