ActiveResidential · sale

501 Skylar Lane

Palm Springs, CA 92262

$1,329,000

  • 3 beds
  • 3 baths
  • 2,552 sq ft
  • 0.17 acres
  • Built 2014

Listed by Compass · MLS #26104405

Listing status & updates
MLS last changed
Not supplied by this listing source
Availability last checked
No per-listing check is recorded

Source changes and availability checks are different. A website import or photo check does not confirm that a property is still available. Confirm availability with the listing agent. Ask about the listing status

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PROPERTY QUESTIONS & SHOWINGS

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501 Skylar Lane, Palm Springs, CA 92262 · MLS #26104405

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Your purchase plans

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A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 2014.

Garage parking

2 garage spaces listed.

Property size

0.17 acres listed.

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

THE PROPERTY

Get to know the property.

This award-winning 'Zen' model is a signature contemporary home design at Escena, a guard-gated golf community in central Palm Springs CA with low HOAs on fee land. Built by the Alta Verde Group and designed by architect Anthony Poon, the Zen floor plan blends sleek mid-century modern aesthetics with an indoor/outdoor desert lifestyle. INTERIOR: Experience the grand living area with 16' high ceilings and walls of Fleetwood sliders that flood the great room with natural light and maximizes the picturesque backdrop of the San Jacinto mountains. European-style kitchen with Italian cabinetry and top-of-the-line appliances and large entertainer's island for more casual dining. The primary suite is situated for privacy and has a spa-like bathroom with large shower, soaking-tub and walk-in closet. Two additional bedrooms and baths for guests. Plus, an entry flex space for an office, workout room or cozy den. Convenient laundry room. MAJOR UPGRADES: Dramatic front frosted swivel entry door which brightens the hallway with a soft ambient light and a rear floor-to-ceiling glass door to maximize the panoramic mountain views. Large format cement-look porcelain tiles throughout. EXTERIOR: Enjoy a sparkling heated saltwater pool and spa with remote controls for easy operation. Cozy fire pit. A two-car garage with ample storage cabinets. GREEN FEATURES: an owned 18-panel solar system, drought-tolerant plants with drip irrigation and tankless on-demand hot water are just a few of the energy efficient systems of this property. COMMUNITY AMENITIES: a Jack Nicklaus designed 18-hole championship golf course (membership/usage at additional cost), on-site mid-century inspired Escena Lounge & Grill with spectacular views, fitness center, and dog park. Centrally located in close proximity to popular shops, gyms and restaurants, as well as the Palm Springs International Airport and downtown Palm Springs hotels, hot-spots and boutiques.

Upcoming open houses

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

–11:00 pm · Confirm the schedule with the listing team.

THE NEIGHBORHOOD

Explore the location.

501 Skylar Lane, Palm Springs, CA 92262

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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$609,304Down 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
2014
Full baths
1
Half baths
1
Garage spaces
2
Cooling
CentralAir
Heating
Central
Appliances
Dishwasher,Disposal,Microwave,Refrigerator,Dryer,Washer
Flooring
Tile
Fencing
Block
Pool features
Heated,InGround
Spa
Yes
Subdivision
Escena
Parcel
677660074
HOA amenities
PetRestrictions
HOA fee frequency
Monthly
HOA fee
$260.00

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

Investor outlook Rental potential, ownership costs and property management

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$5,537.50
Cap rate—

Annual operating income: —

HOA: Includes $260.00 per month in HOA dues, converted from the $260.00 monthly fee reported by the listing source.

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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

A team for what comes next.

Put your investment outlook into practice. Team ERA can help you confirm local rental potential and plan for the day-to-day of ownership.

  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.

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Stone-front home with a landscaped lawn and central entry
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Listing information

MLS #26104405 · California Regional MLS

Listing brokerage: Compass
Listing agent: Martin Withrow

Listing status: Active. MLS last changed: not supplied. Availability last checked: not recorded. 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.