ActiveResidential · sale

2835 S Palm Canyon Drive

Palm Springs, CA 92264

$1,250,000

  • 2 beds
  • 3 baths
  • 2,060 sq ft
  • 0.06 acres
  • Built 2003

Listed by Keller Williams Luxury Homes · MLS #26877219PS

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PROPERTY QUESTIONS & SHOWINGS

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2835 S Palm Canyon Drive, Palm Springs, CA 92264 · MLS #26877219PS

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A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 2003.

Property size

0.06 acres listed.

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

THE PROPERTY

Get to know the property.

The ONE you've been waiting for! One level living with the privacy and feel of a single family home. Part of The 2801, a boutique enclave of just 16 homes in South Palm Springs, this light and bright residence delivers a terrific indoor outdoor lifestyle. The dramatic open living and dining areas feature tall ceilings, a dual sided indoor outdoor fireplace, and oversized west facing sliders with motorized sunshades, setting the stage for mountain views, golden hour sunsets, and poolside evenings. The well appointed kitchen features a Thermador commercial style gas range, Sub Zero refrigerator/freezer, built in microwave, and plenty of room to gather. An oversized outdoor kitchen and grill extends the living space outside. Two generously sized ensuite primary bedrooms are positioned at opposite ends of the home, creating excellent separation for owners and guests. Both ensuite baths feature separate soaking tubs and showers, a special find, while a flexible bonus room works nicely as an office, media room, or additional guest space. Mature hedges frame outdoor living areas that wrap from the front to the back of the home, creating a secluded setting for the saltwater pool and spa, outdoor shower, upgraded landscaping, and extensive exterior lighting. Energy efficiency is another big plus with 34 owned solar panels paired with a Franklin aPower 2 15 kWh battery system. Additional upgrades include a Tesla Wall Connector, water softener, two 15 SEER HVAC systems, security system, plus Lutron smart lighting and Nest climate controls. The HOA recently completed new roofing and refreshed the community's exterior paint scheme. Low monthly HOA fee includes water, sewer, Frontier Fiber internet, and earthquake insurance. Two car garage. Fee land, you own it. Currently eligible for a City of Palm Springs Short Term Rental permit. Near Murray Canyon and the Indian Canyons, with Downtown Palm Springs dining, shopping, and nightlife just minutes away.

THE NEIGHBORHOOD

Explore the location.

2835 S Palm Canyon Drive, Palm Springs, CA 92264

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LOCAL MARKET CONTEXT

Riverside County housing market

See the broader conditions surrounding this property through ERA Brokers Consolidated research.

12-month price trend$609,275Down 0.3% vs. the previous 12 months
Months of supply4.112-month average
Days on market5312-month weighted average

These figures describe the broader reporting area and do not determine this property’s value, condition, availability, or likely sale price.

THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
2003
Full baths
2
Half baths
1
Cooling
CentralAir
Heating
Central,ForcedAir
Appliances
Barbecue,Dishwasher,Disposal,GasRange,Microwave,Refrigerator,RangeHood,VentedExhaustFan,Dryer,Washer
Flooring
Tile
Fencing
Block,WroughtIron
Pool
Yes
Pool features
Gunite,Private,SaltWater,Tile
Spa
Yes
Subdivision
2801 Palm Canyon
Parcel
512181022
HOA amenities
PetRestrictions,Water
HOA fee frequency
Monthly
HOA fee
$529.00

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$5,208.33
Cap rate

Annual operating income:

HOA: Includes $529.00 per month in HOA dues, converted from the $529.00 monthly fee reported by the listing source.

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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
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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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Listing information

MLS #26877219PS · California Regional MLS

Listing brokerage: Keller Williams Luxury Homes
Listing agent: Brady Sandahl

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.