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743 E Twin Palms Drive, Palm Springs, California 92264, Palm Springs, 92264 - 3 bed, 2 bath

743 E Twin Palms Drive, Palm Springs, California 92264 home-pic-0
ACTIVE$1,199,000
743 E Twin Palms Drive, Palm Springs, California 92264
3Beds
2Baths
1,793Sqft
5,227Lot
Year Built
2016
Close
-
List price
$1.2M
Original List price
$1.38M
Price/Sqft
$669
HOA
-
Days on market
-
Sold On
-
MLS number
219129134PS
Home ConditionExcellent
Features
Excellent View: Mountain(s), Pool
Pool
Spa
Patio
ViewMountain(s), Pool

About this home

We found 3 Cons,5 Pros. Rank: price - $1.20M(43th), sqft - 1793(33th), beds - 3(50th), baths - 2(33th).

Welcome to 18@TwinPalms community - a stylish, ultra-modern retreat nestled in vibrant South Palm Springs. This single story unit is 1793 sq ft and the only property available in the development. This original model home offers the perfect blend of bold architecture, refined finishes, and effortless indoor-outdoor living all framed by breathtaking San Jacinto Mountain views. This sleek, modern retreat features 10' ceilings, 3 spacious bedrooms, and 2 spa-inspired bathrooms within a thoughtfully designed open-concept layout. Sophistication flows throughout, from 24x24 designer tile flooring and plush carpeted bedrooms to smooth finish walls and a statement freestanding Malm Cone fireplace.The heart of the home is a chef's dream kitchen, appointed with Fisher & Paykel appliances, custom cabinetry, solid quartz countertops, and premium Grohe and Kohler fixtures ideal for both entertaining and everyday luxury.Step through sliding glass doors into your own private resort-style backyard, featuring a sparkling pool and spa, professionally landscaped side and rear yards, and a walled, gated setting designed for total privacy and relaxation. Additional highlights include owned solar panels, a built-in alarm and sound system, a two-car garage with finished epoxy floors ,washer/dryer and storage. Every detail is crafted for comfort, style, and efficiency. Located in a rare BIA Land Lease development, this home comes with a 65-year lease at just $1,291/year, plus a 34-year extension option, totaling 99 years. There is no monthly HOA, though some BIA guidelines apply, such as exterior color standards and minimum rental periods. Live moments from South Palm Springs' most iconic dining and lifestyle destinations, including the Ace Hotel, Bar Cecil, Del Rey at the Villa Royale, Mr. Lyons, Gigi's, Koffi, El Mirasol, and the beloved Elmer's Pancake House. Whether you're seeking a full-time residence, luxe weekend escape, or smart investment, 743 E. Twin Palm Drive delivers the very best of modern desert living in one of Palm Springs' most stylish and intimate enclaves.

Nearby schools

4/10
Cahuilla Elementary School
Public,•K-5•0.6mi
4/10
Raymond Cree Middle School
Public,•6-8•3.1mi
4/10
Desert Learning Academy
Public,•K-12•1.6mi
6/10
Palm Springs High School
Public,•9-12•1.9mi

Price History

Date
Event
Price
08/06/25
$1,199,000-7.7%
08/05/25
$1,299,000
04/26/25
$1,375,000
Condition Rating
Excellent
This property, built in 2016, is only 8 years old and presents as an 'ultra-modern retreat' with 'refined finishes' and 'every detail crafted for comfort, style, and efficiency.' The kitchen is a 'chef's dream' with Fisher & Paykel appliances, custom cabinetry, solid quartz countertops, and premium Grohe/Kohler fixtures, all appearing virtually new in the images. The 'spa-inspired bathrooms' feature modern floating vanities, glass-enclosed showers with rain heads, and contemporary tiling. Throughout the home, 24x24 designer tile flooring, plush carpets, smooth finish walls, and modern light fixtures contribute to its pristine, high-quality condition. The property shows no signs of deferred maintenance and meets current quality standards, aligning perfectly with the 'excellent' criteria for a recently built home.
Pros & Cons

Pros

Modern Architecture & Premium Finishes: Features ultra-modern design, 10' ceilings, designer tile flooring, smooth finish walls, and a statement Malm Cone fireplace, reflecting high-end craftsmanship and contemporary style.
Gourmet Chef's Kitchen: Equipped with top-tier Fisher & Paykel appliances, custom cabinetry, solid quartz countertops, and premium Grohe/Kohler fixtures, making it ideal for culinary enthusiasts and entertaining.
Private Resort-Style Backyard: Offers a secluded outdoor oasis with a sparkling pool, spa, professional landscaping, and a walled, gated setting for ultimate privacy and relaxation.
Energy Efficiency & Smart Home Features: Benefits from owned solar panels for reduced utility costs, complemented by a built-in alarm and sound system for modern convenience and security.
Prime South Palm Springs Location & Mountain Views: Situated in a vibrant South Palm Springs community with breathtaking San Jacinto Mountain views and close proximity to iconic dining and lifestyle destinations.

Cons

Land Lease Structure: The property is part of a BIA Land Lease development, which, despite a low annual fee and long term (99 years total), can impact financing options, long-term appreciation, and resale value compared to fee-simple ownership.
History of Price Reductions: The property has undergone significant price reductions from its original list price of $1.375M to the current $1.199M, potentially indicating an overestimation of initial value or challenges in market absorption.
BIA Guidelines & Rental Restrictions: While there is no monthly HOA, BIA guidelines (e.g., exterior color standards) and minimum rental period restrictions may limit owner autonomy and potential short-term rental income flexibility.

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