1373 E Madero Circle, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 2 bath
ACTIVE$1,099,000
1373 E Madero Circle, Palm Springs, California 92262
3Beds
2Baths
1,392Sqft
9,583Lot
Price Vs. Estimate
The estimated value ($1,003,457.09) is $95,542.91 (8%) lower than the list price ($1,099,000). This property may be overpriced.
Key pros and cons
Top Pros:
Proven Income-Generating Asset: The property is currently operating as a successful short-term rental with booked guests for weeks and months ahead, offering immediate revenue potential for investors.
Top Cons:
Property Age (1974 Build): Despite mentioned renovations, the 1974 construction year may suggest potential for older infrastructure or systems that could require future maintenance or upgrades.
Compared to the nearby listings
Price:$1.10M vs avg $925.0K (+$174,000)63%
Size:1,392 sqft vs avg 2,096 sqft17%
Price/sqft:$790 vs avg $49189%
More Insights
Built in 1974 (51 years old).
Condition: Despite being built in 1974, the property has undergone extensive and recent renovations, as explicitly stated in the description and clearly visible in the images. The kitchen features modern white flat-panel cabinetry, butcher block countertops, white subway tile backsplash, stainless steel appliances (including a modern range hood), and contemporary gold/brass-toned fixtures. The bathrooms are equally updated with stylish vanities, vessel sinks, round mirrors, modern lighting, and walk-in showers with glass enclosures and subway tiling. Throughout the home, there is consistent, modern wood-look tile flooring, recessed lighting, and updated light fixtures. The exterior boasts a well-maintained pool, artificial turf, and a modern ADU, all contributing to a cohesive, updated aesthetic. The addition of owned solar panels further enhances its modern appeal and efficiency. All visible components appear new or virtually new, meeting current quality standards with no signs of deferred maintenance, aligning perfectly with an 'excellent' condition rating for a recently renovated property.
Year Built
1974
Close
-
List price
$1.1M
Original List price
$1.2M
Price/Sqft
$790
HOA
-
Days on market
-
Sold On
-
MLS number
219130693DA
Home ConditionExcellent
Features
Good View: Mountain(s)
Pool
Patio
ViewMountain(s)
About this home
Looking for a Ready-to-Go Palm Springs Airbnb property? Look no further! This stunning 3-bedroom, 2-bathroom house is situated in the Vista Norte community of Palm Springs. Nestled on a small, quiet cul-de-sac, this property offers privacy and tranquility, perfect for those seeking a peaceful retreat or a weekend away to enjoy the sunshine! In addition to its upgrades and renovations, this home is equipped with owned solar panels, ensuring you benefit from reduced energy costs and a more sustainable lifestyle. With a sizable lot, the home also features an existing ADU that's enjoyed as a Yoga/Meditation room by guests. It is currently operating as successful short-term rental, with booked guests for weeks and months ahead. Home to be sold fully furnished, turnkey. Don't miss your chance to own this exceptional Palm Springs residence. With its prime location, extensive renovations, and income-generating capabilities, this house is an incredible opportunity for those seeking a stylish and profitable investment opportunity.
Nearby schools
6/10
Vista Del Monte Elementary School
Public,•K-5•0.6mi
4/10
Raymond Cree Middle School
Public,•6-8•0.4mi
6/10
Palm Springs High School
Public,•9-12•2.2mi
4/10
Desert Learning Academy
Public,•K-12•2.4mi
Condition Rating
Excellent
Despite being built in 1974, the property has undergone extensive and recent renovations, as explicitly stated in the description and clearly visible in the images. The kitchen features modern white flat-panel cabinetry, butcher block countertops, white subway tile backsplash, stainless steel appliances (including a modern range hood), and contemporary gold/brass-toned fixtures. The bathrooms are equally updated with stylish vanities, vessel sinks, round mirrors, modern lighting, and walk-in showers with glass enclosures and subway tiling. Throughout the home, there is consistent, modern wood-look tile flooring, recessed lighting, and updated light fixtures. The exterior boasts a well-maintained pool, artificial turf, and a modern ADU, all contributing to a cohesive, updated aesthetic. The addition of owned solar panels further enhances its modern appeal and efficiency. All visible components appear new or virtually new, meeting current quality standards with no signs of deferred maintenance, aligning perfectly with an 'excellent' condition rating for a recently renovated property.
Pros & Cons
Pros
Proven Income-Generating Asset: The property is currently operating as a successful short-term rental with booked guests for weeks and months ahead, offering immediate revenue potential for investors.
Turnkey & Fully Furnished: Being sold fully furnished and turnkey, this property allows for immediate occupancy or continued rental operations without additional setup costs or effort.
Energy Efficient with Owned Solar: Equipped with owned solar panels, the home benefits from reduced energy costs and promotes a more sustainable lifestyle, adding long-term value.
Versatile ADU: Features an existing Accessory Dwelling Unit (ADU) currently utilized as a yoga/meditation room, providing flexible space for guests or potential for additional income streams.
Private Cul-de-Sac Location: Nestled on a small, quiet cul-de-sac in the desirable Vista Norte community, offering enhanced privacy and a tranquil living environment.
Cons
Property Age (1974 Build): Despite mentioned renovations, the 1974 construction year may suggest potential for older infrastructure or systems that could require future maintenance or upgrades.
Absence of a Private Pool: A private swimming pool is a highly desired amenity in Palm Springs, especially for short-term rentals; its absence could limit appeal to some buyers and potential guests.
Modest Square Footage for Price Point: With 1392 sqft for a list price over $1 million, the interior living space might be considered modest by some buyers relative to the investment, despite the income potential.