ActiveResidential · sale

1114 Palmas Ridge

Palm Springs, CA 92262

$625,000

  • 3 beds
  • 2 baths
  • 1,630 sq ft
  • 0.14 acres
  • Built 2006

Listed by KW Walnut Creek · MLS #IG26098534

1114 Palmas Ridge, Palm Springs, CA 92262 — photo 1 View full photo
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A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 2006.

Garage parking

2 garage spaces listed.

Property size

0.14 acres listed.

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

THE PROPERTY

Get to know the property.

RARE OPPORTUNITY IN MOUNTAIN GATE This absolutely stunning completely turnkey home underwent a comprehensive toptobottom renovation in 2024 and is priced to sell Properties of this caliber rarely become available in this community movein ready perfection awaitsDiscover unparalleled luxury in the desirable Mountain Gate community where breathtaking panoramic views and spectacular sunsets over the majestic San Jacinto Mountains create your daily backdrop This exceptional 1630 sq ft residence sits on an expansive 6098 sq ft lot and represents the pinnacle of desert living completely renovated and movein readyTURNKEY PERFECTION THROUGHOUTFrom the moment you step through the elegant stained glass front door youll be captivated by the sophisticated openconcept design flooded with natural light The thoughtfully redesigned living spaces feature sleek laminate flooring a dramatic tiled fireplace with full hearth and a recessed entertainment center that anchors this spectacular gathering spaceCHEFS DREAM KITCHENThe completely remodeled kitchen showcases premium stainless steel appliances striking tile backsplash and an expanded island perfect for culinary adventures and casual dining This culinary masterpiece flows seamlessly into the dining and living areas ideal for both intimate dinners and grand entertainingLUXURIOUS PRIMARY RETREATThe spacious primary suite offers a private sanctuary with French doors leading to a covered patio The spainspired ensuite bathroom features dual vanities elegant privacy door stunning hanging light fixture and a beautifully tiled glassenclosed shower that rivals any luxury resortOUTDOOR PARADISEStep into your private desert oasis featuring professionally designed lowmaintenance landscaping The covered patio with accent lighting and builtin brick fire pit creates the perfect setting for stargazing and entertaining under the desert skyPREMIUM LOCATION CONVENIENCESituated in the highly soughtafter Mountain Gate community with easy access to hiking trails community amenities the iconic Aerial Tramway and downtown Palm Springs worldclass dining shopping and entertainmentThis is your chance to own a completely renovated movein ready gem in one of Palm Springs most desirable communities Properties like this dont last long schedule your viewing today
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THE NEIGHBORHOOD

Explore the location.

1114 Palmas Ridge, Palm Springs, CA 92262

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
2006
Full baths
2
Garage spaces
2
Cooling
CentralAir
Heating
Central,Fireplaces,NaturalGas
Appliances
Dishwasher,GasRange,Microwave,Refrigerator,Dryer,Washer
Flooring
Laminate
Utilities
UndergroundUtilities
Pool
No
Pool features
Community,Heated,InGround,Association
Spa
Yes
Parcel
669650005
HOA
First Service Residential
HOA amenities
ControlledAccess,SportCourt,DogPark,MaintenanceGrounds,Management,OutdoorCookingArea,Barbecue,PicnicArea,Playground,Pool,SpaHotTub,Security,TennisCourts
HOA fee frequency
Monthly
HOA fee
$170.00

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$2,604.17
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 & interest—Loan 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.

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1114 Palmas Ridge, Palm Springs, CA 92262 · MLS #IG26098534

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Listing information

MLS #IG26098534 · California Regional MLS

Listing brokerage: KW Walnut Creek
Listing agent: Joseph Giacomazzo

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.