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Park Dr, Palm Springs, CA, 92262
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Park Dr Palm Springs, CA, 92262

$8,995,000 Home for sale 16 beds

Rare opportunity to purchase hard-to-replicate, newly-built 2017 compound comprised of 3 luxury estate homes in Central Palm Springs. A unique investment opportunity ideal for high-yield vacation rentals, medium/long term rentals, and 1031 exchanges, these 3 custom-built, gate-connected properties are on 3 fee-simple APNs. You own the land with no land lease. With a proven rental track record, each home is fully equipped with luxury amenities and modern systems and ready for immediate use. This compound not only offers immediate income potential but also positions investors well within a high-demand rental market. Neighborhood is currently under the vacation rental cap.
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Property details

2017 year built
Property type
Home
View
Mountain(s)
Land area
30,056 sqft (0.69 acres)
Days on Verhouse
10
Address
Park Dr, Palm Springs, CA, 92262
City of California
Palm Springs
County
Riverside
nr.of parking places
12
Year Built
2017
District
Listing

Open Houses

No upcoming open houses

Interior Features

12 parking places
Beds
16
Security
Smoke Detector(s)
Parking
12
Laundry Features
Dryer, Washer
Heathing & Cooling
Central Air, Natural Gas, Central
Amenities
Other

Listed by

David Crosta, Spalding & Associates
Name
David Crosta
License number
02069363
Brokerage company
Spalding & Associates
MLS #
CL24383689

Payment calculator

Calculate your monthly payments
Mortgage
$27,617
Taxes
$0
HOA dues
$0
$27,617 per month
Mortgage
$1,799,000 / 20%
2.28%
30 years
Your amount $27,617 / month

Lot details

TMK #unavailable
Parcel nr.
unavailable

92262 info

Essentials nearby
Neighborhood stats
Walkability
Coffee shops
no data
Bus stop
no data
Supermarket
no data
Costco
no data
Hospital
no data
Park
no data
Beach
no data
Elementary school
no data
Middle school
no data
High school
no data
Local airport
no data

People living in 92262

28%
Families with children
National average: 39%
55%
Non family households
101,758
Population
$77,981
Average Income

Age & gender

Median age 52 years
More info

Commute types

79% commute by car
More info

Education level

22% have high school education
More info

Number of employees

6% work in education and healthcare
More info

Vehicles available

48% have 1 vehicle
More info

Vehicles by gender

48% have 1 vehicle
More info

Housing market insights for

$1.02m
Neighborhood average
sales price*
$750.33k
Neighborhood median
sales price*
283
Number
of sales*

Housing type

42% are single detacheds
More info

Rooms

43% of the houses have 4 or 5 rooms
More info

Bedrooms

69% have 2 or 3 bedrooms
More info

Owners vs Renters

57% are owners
More info
15.17 / 20
Above Average
15-20
10-15
5-10
1-5
Walkability according to the National Walkability Index

Price history

New Listing Apr 24, 2024
Date Event Price $/sqft Source
Apr 24, 2024 New Listing $8,995,000 +124.93% 0 MLS #CL24383689
Apr 18, 2024 New Listing $3,999,000 +952.37% 0 MLS #CL24381849
Apr 16, 2024 New Listing $380,000 -98.57% 202.13 MLS #CL24379707
Mar 28, 2024 New Listing $26,500,000 -41.07% 2186.47 MLS #CL24373996
Mar 21, 2024 New Listing $44,970,000 +17960.24% 3855.45 MLS #CL24370407
Mar 4, 2024 New Listing $249,000 -91.41% 0.07 MLS #CL24364827
Mar 3, 2024 New Listing $2,900,000 +2220% 238.43 MLS #CL24364405
Feb 8, 2024 Withdrawn $125,000 0.57 MLS #CL24354101
Feb 2, 2024 Price Decrease $125,000 -13.79% 0.57 MLS #CL24354101
Feb 1, 2024 New Listing $145,000 +1605.88% 0.67 MLS #CL24354101
Jan 15, 2024 New Listing $8,500 +143.2% 0.16 MLS #CL24347601
Jan 10, 2024 New Listing $3,495 -99.78% 0.04 MLS #CL24346279
Jan 1, 2024 Unavailable $1,600,000 0 MLS #CL23339221
Dec 13, 2023 Temporarily Withdrawn $1,600,000 0.31 MLS #CL23339221
Dec 11, 2023 New Listing $1,600,000 +88.24% 0.31 MLS #CL23339221
Dec 20, 2023 Under contract $850,000 13.2 MLS #CL23330577
Nov 8, 2023 New Listing $850,000 13.2 MLS #CL23330577

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Frequently Asked Questions about Park Dr

What is Park Dr?

Park Dr, Palm Springs, CA, 92262 is a single family home located in the city of Palm Springs, California with zipcode 92262. This single family home has 16 bedrooms.

Which year was this home built?

This home was build in 2017.

What is the full address of this Home?

Park Dr, Palm Springs, CA, 92262.

Are grocery stores nearby?

The closest grocery stores are Albertsons, 0.63 miles away and Stater Bros. Markets, 0.74 miles away.

What is the neighborhood like?

The 92262 zip area has a population of 101,758, and 28% of the families have children. The median age is 52.75 years and 79% commute by car. The most popular housing type is "single detached" and 57% is owner.

Based on information from the bridgeMLS as of 05-03-2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Listing last updated on: May 02, 2024
Verhouse Last checked 2 minutes ago

Park Dr, Palm Springs, CA, 92262 is a single family home located in the city of Palm Springs, California with zipcode 92262. This single family home has 16 bedrooms on a 30,000 sqft sqft lot. This house was build in 2017.
The closest grocery stores are Albertsons, 0.63 miles away and Stater Bros. Markets, 0.74 miles away.
The 92262 zip area has a population of 101,758, and 28% of the families have children. The median age is 52.75 years and 79% commute by car. The most popular housing type is "single detached" and 57% is owner.

*Neighborhood & street median sales price are calculated over sold properties over the last 6 months.

Home For sale $9m Park Dr, Palm Springs, CA, 92262 16 beds Save House Remove from Saved