ActiveResidential · sale

862 E Garden Road

Palm Springs, CA 92262

$948,000

  • 3 beds
  • 2 baths
  • 1,225 sq ft
  • 0.29 acres
  • Built 1960

Listed by BD Homes-The Paul Kaplan Group · MLS #26985439PS

862 E Garden Road, 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 1960.

Property size

0.29 acres listed.

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

THE PROPERTY

Get to know the property.

Now is your chance to own this Classic BUTTERFLY designed by Palmer & Krisel and built by the Alexander Construction Company! This majestic midcentury home, located in beautiful Racquet Club Estates, is situated on an oversized lot (over 12,000 sq ft!) complete with low maintenance front landscaping, breeze block walls and a RARE side yard for RV parking. This Mid Century Estate is perfect for that quintessential Palm Springs Instagram post. Enjoy this mid century gem with gleaming porcelain tile flooring throughout, chefs kitchen with stainless steel appliances, clerestory windows, and sleek fireplace. Primary suite boasts an additional AC system for extra comfort, large closets, and a perfectly appointed en suite bath with outside access. Two large guest bedrooms are fully furnished and decorated exquisitely, just the right vibe for the sophisticated Palm Springs getaway. The expansive grounds create an incredible sense of privacy and space, centered around a beautiful kidney-shaped pool that captures the quintessential Palm Springs aesthetic. With generous outdoor areas and a wonderful sense of scale, the property is perfectly suited for entertaining, relaxing poolside, or enjoying long desert evenings under the stars. The extra large and extremely private resort-style backyard features an outdoor covered lanai, bocce ball court, classic kidney-shaped mid century deep LARGE pool with spa, dining area, fully plumbed firepit lounge area, and tons of hang out space for large gatherings! Lots of outdoor storage, perfect for storing pool toys and bikes. This 3 bedroom, 2 bath mid century masterpiece is OFFERED FULLY TURNKEY FURNISHED, a perfect opportunity for those seeking a ready-to-move-in home with minimal hassle. Thoughtfully furnished to complement its mid-century character, the home blends vintage Palm Springs style with the ease and comfort of a ready-to-enjoy retreat. Whether you're looking for a full-time residence, a weekend getaway, or a stylish desert escape, this property offers an exceptional combination of architectural pedigree, generous land, and turnkey convenience. Racquet Club Estates, located in Palm Springs, is an iconic neighborhood, near world class shopping, dining, golf, hiking and culture. No HOA and Fee land (you own the land).
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Upcoming open houses

–9:00 pm · Confirm the schedule with the listing team.

–9:00 pm · Confirm the schedule with the listing team.

THE NEIGHBORHOOD

Explore the location.

862 E Garden Road, Palm Springs, CA 92262

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1960
Full baths
2
Half baths
0
Cooling
CentralAir
Heating
Central
Appliances
BuiltIn,Dishwasher,Disposal,Microwave,Range,Refrigerator,RangeHood,Dryer,Washer
Fencing
Block
Pool
Yes
Pool features
InGround,Private
Spa
Yes
Subdivision
Racquet Club East
Zoning
R1C
Parcel
501071029

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$3,950.00
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 & 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.

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862 E Garden Road, Palm Springs, CA 92262 · MLS #26985439PS

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Listing information

MLS #26985439PS · California Regional MLS

Listing brokerage: BD Homes-The Paul Kaplan Group
Listing agent: Stephanie Howard

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.