$1,400,000
$1,400,000
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5 Beds
4 Baths
3,042 SqFt
SOLD DATE : 01/19/2024
Key Details
Sold Price $1,400,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 3,042 sqft
Price per Sqft $460
Subdivision Ps Colony
MLS Listing ID 219104798DA
Sold Date 01/19/24
Bedrooms 5
Full Baths 3
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 2004
Lot Size 10,454 Sqft
Property Description
''The Palm Springs Home'' - Where ART Comes to LIFE! As the door opens to this MAGICAL home, you begin to create memories you will cherish for a LIFETIME! You'll pass by ORIGINAL painted, life-size images of Marilyn Monroe, Frank Sinatra, Elvis, Elizabeth Taylor and a hand-painted Tramway wall as it soars through the mountain sunshine encompassing what Palm Springs is all about. This home was magically put together by the best property managers/interior decorators Palm Springs has to offer. No expense was spared or corner was left untouched as the home was being transformed into being the most spectacular vacation rental in the city. If you're a savvy investor looking for a killer opportunity to buy into the short term rental market in the city; than look no further. This property has the potential to generate over $180,000 in rental income in the first year of business and only build up your income from there year after year. This one of a kind home has custom art throughout the walls and also custom artwork in most rooms. The colors are vibrant and the home feels like you're in an animation with lively characters in each room. This home has five bedrooms, three full baths and a quarter bath. Two of the bedrooms are en-suites and there's also an attached casita which the new owner can occupy as a primary residence so they can book the main residence unlimited times throughout the year. The U shaped home is built around the pool with multiple windows and sliders looking out
Location
State CA
County Riverside
Area 331 - North End Palm Springs
Interior
Heating Central, Fireplace(s), Natural Gas
Flooring Carpet, Tile
Fireplaces Type Gas, Great Room, See Remarks
Fireplace Yes
Exterior
Parking Features Direct Access, Garage
Garage Spaces 2.0
Garage Description 2.0
Fence Block
Pool Electric Heat, In Ground, Salt Water
View Y/N No
Attached Garage Yes
Total Parking Spaces 4
Private Pool Yes
Building
Lot Description Sprinkler System
Story 1
Entry Level One
Level or Stories One
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 501540061
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Conventional
Special Listing Condition Standard
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Bought with Chase Hoyt • Compass
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Broker Associate | Lic# 01398838