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500 W Palm Vista DR Palm Springs, CA 92262
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Key Details
Sold Price $715,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,112 sqft
Price per Sqft $642
Subdivision Desert Highland Gateway
MLS Listing ID 24353965
Sold Date 03/23/24
Bedrooms 3
Full Baths 2
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1960
Lot Size 7,405 Sqft
Property Description
Uncover a rare investment gem for astute homeowners and investors in Palm Springs' historic Desert Highland Gateway Estates. Positioned on an expansive lot with captivating views of the San Jacinto mountains, this property stands as a lucrative opportunity. Behind secure privacy gates lies a modern oasis- a fully upgraded home designed for optimal indoor/outdoor living. The residence features chic ceramic wood-like plank floors in a herringbone pattern, a chef's kitchen with granite waterfall counters, updated custom cabinets, and a large stainless steel island. Access the deck and spacious backyard through a 6-foot slider off the main living area. The left wing provides a private entrance to the guest room with a reading nook and direct access to the luxurious heated pool, lounging area, spa, and a tanning ledge. The primary bedroom boasts a remote-controlled blackout shade, an ensuite bathroom with a tub, and a spacious walk-in closet. A second full bathroom with custom cabinetry is situated off the hall. For working from home, a bonus third room makes the perfect office with a private Dutch door entrance. Smart app-controlled features allow control of the pool, irrigation, and Nest thermostat from afar. Additional features include a garage with direct access, a second driveway with RV parking space, and a professionally landscaped yard with Palm Springs Gold hardscape. Over $150k in upgrades include new windows, slider, HVAC system, contemporary lighting, solar panels, and a new custom heated pool and spa. A tankless water heater, automatic privacy gates, a water softener, drip irrigation, and attic insulation add value and efficiency to the package. With a thriving neighborhood, exquisite finishes, and coveted amenities, this property serves as an ideal turnkey vacation rental gem. No HOA fees or land lease, or current rental cap allow a hassle-free ownership experience. The area is undergoing significant growth, positioning itself for potential appreciation. Whether you're an investor seeking high returns or a resident looking for a smart Palm Springs haven, start shaping your investment portfolio in the vibrant legacy of Palm Springs. This property can be sold fully furnished, offering both immediate and long-term returns. Seize this chance to be part of a promising investment story in a neighborhood on the rise, just minutes from downtown.
Location
State CA
County Riverside
Area 331 - North End Palm Springs
Zoning R1
Interior
Interior Features Ceiling Fan(s)
Heating Central
Fireplaces Type None
Furnishings Furnished Or Unfurnished
Fireplace No
Appliance Dishwasher, Oven, Refrigerator, Range Hood, Water Purifier, Dryer, Washer
Laundry In Garage
Exterior
Exterior Feature Misting System
Garage Direct Access, Driveway, Electric Gate, Garage, Garage Door Opener, RV Potential
Garage Spaces 1.0
Carport Spaces 3
Garage Description 1.0
Fence Block, Privacy
Pool In Ground
Community Features Gated
View Y/N Yes
View Mountain(s)
Porch Concrete, Deck, Open, Patio, Stone, Tile
Parking Type Direct Access, Driveway, Electric Gate, Garage, Garage Door Opener, RV Potential
Attached Garage Yes
Total Parking Spaces 4
Building
Lot Description Back Yard, Front Yard, Landscaped
Faces South
Story 1
Entry Level One
Foundation Slab
Level or Stories One
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 669383016
Security Features Gated Community
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Adriana Bacelic • Vista Sotheby's International Realty