2223 N Magnolia Road, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 2 bath

2223 N Magnolia Road, Palm Springs, California 92262 home-pic-0
ACTIVE$875,000
2223 N Magnolia Road, Palm Springs, California 92262
3Beds
2Baths
1,472Sqft
10,019Lot

Price Vs. Estimate

The estimated value ($875,000) is $0 (0%) lower than the list price ($875,000). This property may be overpriced.

Key pros and cons

Top Pros:
Architectural Pedigree & Design: A rare Hugh Kaptur-designed mid-century modern masterpiece, featuring an iconic 'Butterfly' roofline and clean lines, appealing to design enthusiasts.
Top Cons:
Recent Price Reduction History: Multiple price reductions from the original list price of $949,000 to $875,000 may indicate initial overpricing or market resistance, potentially affecting perceived value.

Compared to the nearby listings

Price:$875.0K vs avg $925.0K ($-50,000)45%
Size:1,472 sqft vs avg 2,096 sqft21%
Price/sqft:$594 vs avg $49170%

More Insights

Built in 1960 (65 years old).
Condition: This property, originally built in 1960, underwent an extensive remodel in 2017, which is 7 years ago. While slightly outside the 'within 5 years' for an 'Excellent' renovation, the description and images clearly show a high-quality, modern renovation that meets current standards. The kitchen features quartz counters, modern two-tone cabinetry, and stainless steel appliances, all appearing virtually new. Bathrooms are updated with clean tile walls, floating vanities, and spa-like finishes. Crucially, major systems like the HVAC (2021) and roof (2024) have been replaced very recently, indicating no deferred maintenance. The cement flooring, modern light fixtures, and overall aesthetic contribute to a virtually new feel, justifying an 'Excellent' rating.
Year Built
1960
Close
-
List price
$875K
Original List price
$949K
Price/Sqft
$594
HOA
-
Days on market
-
Sold On
-
MLS number
25560473PS
Home ConditionExcellent
Features
Excellent View: Mountain(s)
Pool
Patio
ViewMountain(s)

About this home

Here it is! A rare opportunity to own an architecturally significant mid-century modern masterpiece designed by renowned architect Hugh Kaptur. Originally built in 1960 and remodeled in 2017, this stunning 3-bedroom, 2-bath home captures the essence of desert modernism while delivering the comfort and style of today's living standards. Set on a spacious lot in Ranch Club Estates, this home features clean lines, an open-concept layout, cement flooring throughout, and an iconic "Butterfly" roofline that defines its architectural pedigree. Inside, natural light streams through clerestory windows and expansive sliders, blurring the line between indoor and outdoor living. The show-stopping kitchen features quartz counters, modern two-tone cabinetry, and Stainless steel appliances, while the updated bathrooms feature clean tile walls, floating vanities, and spa-like finishes. Outside, a private sanctuary awaits complete with covered patios, expansive mountain views, a sparkling boomerang pool. Recent upgrades to the home include new HVAC in 2021, new foam roof in 2024, and fresh exterior paint. Whether you're looking for a full-time home or a stylish weekend escape, this Kaptur-designed gem delivers timeless design and effortless desert living. And as of 9/11/25, this property could be eligible for a short-term rental permit, as the neighborhood is under the 20% density cap and there are 0 people on the wait list. Check with city to verify. Don't let this one get away. Schedule your showing today.

Nearby schools

6/10
Vista Del Monte Elementary School
Public,K-51.1mi
7/10
Katherine Finchy Elementary School
Public,K-51.3mi
4/10
Raymond Cree Middle School
Public,6-80.9mi
6/10
Palm Springs High School
Public,9-122.1mi
4/10
Desert Learning Academy
Public,K-122.4mi
6/10
Cathedral City High School
Public,9-125.2mi
Condition Rating
Excellent

This property, originally built in 1960, underwent an extensive remodel in 2017, which is 7 years ago. While slightly outside the 'within 5 years' for an 'Excellent' renovation, the description and images clearly show a high-quality, modern renovation that meets current standards. The kitchen features quartz counters, modern two-tone cabinetry, and stainless steel appliances, all appearing virtually new. Bathrooms are updated with clean tile walls, floating vanities, and spa-like finishes. Crucially, major systems like the HVAC (2021) and roof (2024) have been replaced very recently, indicating no deferred maintenance. The cement flooring, modern light fixtures, and overall aesthetic contribute to a virtually new feel, justifying an 'Excellent' rating.
Pros & Cons

Pros

Architectural Pedigree & Design: A rare Hugh Kaptur-designed mid-century modern masterpiece, featuring an iconic 'Butterfly' roofline and clean lines, appealing to design enthusiasts.
Extensive Recent Renovations: The property boasts significant recent upgrades including a 2017 remodel, new HVAC in 2021, a new foam roof in 2024, and fresh exterior paint, minimizing immediate maintenance concerns.
Modern & High-End Interior Finishes: Features a show-stopping kitchen with quartz counters, modern cabinetry, stainless steel appliances, updated bathrooms with floating vanities, and spa-like finishes, offering contemporary comfort.
Exceptional Outdoor Living & Amenities: A private outdoor sanctuary includes covered patios, expansive mountain views, and a sparkling boomerang pool, ideal for desert living and entertaining.
Significant Short-Term Rental Income Potential: The property is potentially eligible for a short-term rental permit due to the neighborhood being under the 20% density cap and no waitlist, offering a strong investment opportunity.

Cons

Recent Price Reduction History: Multiple price reductions from the original list price of $949,000 to $875,000 may indicate initial overpricing or market resistance, potentially affecting perceived value.
Short-Term Rental Permit Verification Required: While promising, the eligibility for a short-term rental permit requires buyer verification with the city, introducing a degree of uncertainty for investors.
Relatively Modest Square Footage for Price Point: At 1,472 sqft for $875,000, some buyers may find the interior living space to be on the smaller side compared to other properties in this price range, despite the architectural significance.

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