ActiveResidential · sale

2788 Princess Lane

Palm Springs, CA 92264

$1,975,000

  • 4 beds
  • 4 baths
  • 2,945 sq ft
  • 0.35 acres
  • Built 2000

Listed by Compass · MLS #26827867PS

A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 2000.

Garage parking

3 garage spaces listed.

Property size

0.35 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Tucked away on a serene culdesac in the prestigious Araby enclave of South Palm Springs this exquisitely reimagined contemporary Mediterranean estate offers elevated desert living at its finest Set on fee simple land you own the land with no HOA the 4 bedroom 4 bathroom residence including a private attached casita offers approximately 3000 square feet of thoughtfully designed living space on an expansive over 14acre lot with exceptional views A grand sense of arrival is created by soaring ceilings enhanced by the removal of drop ceiling areas expansive sight lines and abundant natural light throughout the openconcept floor plan The home has been extensively upgraded with polished concrete floors throughout fully refinished drywall on all walls and ceilings fresh interior and exterior paint and a Flow by Moen water detection system Modern systems and smarthome enhancements include a full Philips Hue lighting system with customizable color and brightness all new switches and outlets dualzoned air conditioning automated blinds in the living room and primary bedroom and an integrated security system The chefs kitchen serves as the heart of the home featuring a 6burner cooktop dual ovens and a generous walkin pantry with rebuilt custom shelving and a new countertop ideal for a coffee bar or additional prep space Added electrical upgrades support a wine refrigerator and beverage cooler while a designer Brizo faucet by John Wu adds a refined finishing touch The kitchen opens seamlessly to the formal dining room and inviting great room with a stylish bar area perfect for both intimate gatherings and largerscale entertaining The primary suite offers a true retreat with a spacious walkin closet oversized walkin shower and separate jetted soaking tub All bathrooms have been upgraded with new vanities Kohler Purist fixtures and elegant Italian tile work creating a cohesive spalike experience throughout All other bedrooms are generously sized featuring high ceilings and abundant natural light creating bright and inviting private retreats A private attached lockout casita offers flexible guest quarters for visitors extended family or use as a gym or studio Completely remodeled updated bathroom including new vanity and complete new design to the walk in oversized shower A separate den provides additional versatile living space ideal for a media room office or lounge Designed for quintessential Palm Springs indooroutdoor living the backyard is a private resort featuring a sparkling pool with Baja shelf spa covered lounge patio and BBQ area mature ficus hedging and lemon and grapefruit trees The oversized lot provides exceptional privacy San Jacinto mountain views with no power lines and ample room for expansion or further customizationThe spacious 3car garage features high ceilings 1 garage has been fully walled for owner storage allowing for excellent vertical storage Currently eligible for a shortterm vacation rental permit this property presents a rare opportunity for both luxury living and income potential Ideally located near scenic hiking trails and just a short walk to shopping and restaurants and minutes from the energy of downtown Palm Springs this is a truly exceptional offering in one of the citys most desirable neighborhoods

THE NEIGHBORHOOD

Explore the location.

2788 Princess Lane, Palm Springs, CA 92264

Loading property map…

Map position comes from the listing source. Open directions in Google Maps

THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
2000
Full baths
2
Half baths
1
Garage spaces
3
Cooling
CentralAir
Heating
ForcedAir,Fireplaces
Appliances
Dishwasher,Microwave,Refrigerator,Dryer,Washer
Pool
Yes
Pool features
Private
Spa
Yes
Subdivision
Araby
Parcel
510130045

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase
Estimated monthly rent$8,229.17
Cap rate

Annual operating income:

Have ERA review this rental estimate

Your property and current assumptions will be included for our team to review.

Adjust assumptions
Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

YOUR CAREER. YOUR NEXT CHAPTER.

Find your place in real estate.

Just getting started?

Explore real estate education and available licensing courses through ARTI Academics.

Become a real estate agent

Ready to work with ERA?

Discover the people, broker support, technology and education behind an ERA real estate career.

Join ERA Brokers

Moving for work?

Explore ERA Corporate Services for relocation assistance, employer programs, and information for veterans and military families.

Explore Corporate Services
Contact ERA about this property

Ask about this property.

2788 Princess Lane, Palm Springs, CA 92264 · MLS #26827867PS

Your preferred tour

Times are local to the property. Your tour is not scheduled until an agent confirms.

Your purchase plans

Property inquiries go to help@erabrokers.com.

More in Palm Springs.

Listing information

MLS #26827867PS · California Regional MLS

Listing brokerage: Compass
Listing agent: Brooke Pascoe

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.