ActiveResidential · sale

2220 N Hermosa Drive

Palm Springs, CA 92262

$1,299,000

  • 3 beds
  • 4 baths
  • 3,042 sq ft
  • 0.25 acres
  • Built 2004

Listed by Poolside Realty, Inc. · MLS #26842739PS

A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 2004.

Garage parking

2 garage spaces listed.

Property size

0.25 acres listed.

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

THE PROPERTY

Get to know the property.

Price Improvement Offered turnkey furnished this majestic home exudes spaciousness understated elegance and tasteful luxury making it the perfect Palm Springs retreat Once you enter you experience the generously proportioned spaces and lightfilled interiors with high ceilings and tall windows and doorways that add a lofty feel to the spaces in the house The inspired floor plan makes indooroutdoor living a breeze The home was reimagined and remodeled in a contemporary yet timeless style featuring clean lines large format limestone style porcelain tile flooring refined stonefaced fireplace and architecturally paneled libraryden all appointed with perfectly chosen furnishings and art Sleek modern lighting tops it off Its no wonder that this home has recently proven itself to be a very successful vacation rental Whether youre looking for the perfect fulltime home a seasonal retreat or a property that can be used as a vacation rental this home is wellsuited to those options There are three generouslysized ensuite bedrooms two off the front with direct views to Mt San Jacinto The primary suite faces the pool and back gardens and has a large open sitting room which offers a flexible bonus space that can fulfill a variety of todays lifestyle needs The spalike bath has a water closet two vanities a soaking tub and a shower enclosed by glass block A glass door leads to the spa and pool with an adjacent outdoor shower These suites of rooms offer style and comfort that are quintessentially Palm Springs The openconcept living room kitchen and informal dining area are all poolside with the pool and spa just steps away The kitchen can easily accommodate large gatherings and is stocked with handsome dishware and highend cooking utensils The tastefully clad gasburning fireplace and adjacent entertainment hub not only anchor the room but also create perfectly balanced focal points The front library or den with its beautifully crafted architectural paneling is another incredible feature of this gorgeous home It can easily be used for any number of functions such as a formal dining room and is conveniently accessible through the open wet bar or Butlers pantry or as a less formal cozy space to entertain relax or enjoy cocktails or casual meals or perhaps even a home office with views of San Jacinto Indooroutdoor living is virtually seamless Two sets of French doors open to the pool and spa and the courtyard patio which is covered to help define and shelter the space and offer some protection from the elements This large patio space also serves a number of functions ranging from entertainment dining casual or formal drinks or snuggling up to the outdoor fireplace in the cooler months of the year And to make it all even better theres dual zone HVAC one serves the bedrooms the other the common areas of the home owned solar panels whole house water softener water filter at the kitchen sink smart Ecobee thermostats and ceiling speakers with 7 zones and volume control in each room 2220 N Hermosa is close to shopping restaurants hiking biking and so much more including the Uptown Design District along N Palm Canyon Dr Carpe Diem and seize this opportunity

THE NEIGHBORHOOD

Explore the location.

2220 N Hermosa Drive, Palm Springs, CA 92262

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
2004
Full baths
2
Half baths
1
Garage spaces
2
Cooling
CentralAir,Dual
Heating
Central
Appliances
Barbecue,DoubleOven,Dishwasher,GasCooktop,Disposal,Microwave,Refrigerator,SelfCleaningOven,WaterPurifier,Dryer,Washer
Flooring
Carpet
Fencing
Block
Pool
Yes
Pool features
Private,Waterfall
Spa
Yes
Subdivision
PS Colony
Zoning
RIC
Parcel
501540013

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$5,412.50
Cap rate

Annual operating income:

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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.

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2220 N Hermosa Drive, Palm Springs, CA 92262 · MLS #26842739PS

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Listing information

MLS #26842739PS · California Regional MLS

Listing brokerage: Poolside Realty, Inc.
Listing agent: Russell Hill

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.