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Sold for $7,300,000
  • Listed by: CB RICHARD ELLIS • Eric Chen • 909-418-2071
    Bought with: NONMEMBER MRML
    $7,300,000

    803 N Palm Canyon Dr, Palm Springs, CA 92262

    24beds
    25baths
    20,933sqft
    Mixed Use
    Built in 2007
    -- sqft lot
    $8,840,000 Zestimate®
    $349/sqft
    $2,151 Estimated rent

    Home value

    $8,840,000

    $7.16M - $10.87M

    $2,151/mo

    Zestimate® history
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    What's special

    803 North Palm Canyon Drive is located at the intersection of N Palm Canyon Drive and Tamarisk Road within the desirable North Palm Canyon Uptown District. It is surrounded by shopping venues, trendy restaurants & coffee shops, entertainment, schools, and medical facilities. The property is centrally located within the Coachella Valley and accessed by the CA-111 highway (Palm Canyon Drive). Its location offers convenient access to the neighboring cities of Cathedral City, Palm Desert, Indio, Indian Wells, and La Quinta. Desert attractions such as Joshua Tree National Park, Mt. San Jacinto, Empire Polo Club in Indio (home to Coachella and Stagecoach Music Festivals), and more than 120 golf courses within the Coachella Valley are also easily accessible. San Bernardino County, Orange County, Los Angeles County, mountain ski resorts and beach cities are all within a 2-hour drive. 803 North Palm Canyon Drive consists of 11, two-bedroom/two-bathroom and 1, two-bedroom/two-and-one-half-bathroom townhouse-style units, with an average unit size of 1,457 square feet. The units offer exquisite interior finishes, with all but one unit offering a loft. There is covered parking and storage on the first level, and a beautiful pool deck and townhouse access on the second level. There is also a ±3,453 square foot ground floor retail space, which is occupied. The property is situated on one parcel with a total of ±24,394 square feet of land, with a total building size of ±20,933 square feet. 803 North Palm Canyon Drive features sleek architecture; desert landscaping; covered parking on the ground floor including 12 individual garages; luxurious pool deck on the second floor with shaded cabanas; and an elevator serving the second floor. Unit amenities include high-end Euro-style cabinetry; built-in subzero refrigerators; stainless steel oven/stove combinations with stainless steel range; engineered stone countertops; tile back splash in kitchens; sleek fireplace; 20-foot ceilings in living space with floor to ceiling windows; lofts in all but one unit; patio and balcony in every unit; dual vanities and custom tiled shower in primary bathroom; on demand water heaters; in unit washer and dryers, and central air conditioning and heating. The property is in a highly desirable area and offers stability for any type of investor, whether it may be a first-time purchaser, seasoned investor, or a 1031 exchange opportunity.

    Zillow last checked:

    Listing updated:

    Listed by:

    Eric Chen DRE #01489184 909-418-2071,

    CB RICHARD ELLIS

    Bought with:

    David Hartunian, DRE #01383641

    NONMEMBER MRML

    Source: CRMLS,MLS#: CV23157440MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 24
    • Bathrooms: 25
    Heating
    • None
    Appliances
    • Laundry: Inside
    Features
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 20,933
    • Total interior livable area: 20,933 sqft

    Property

    Parking
    • Total spaces: 12
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: 1
    • Pool features: Community, In Ground
    • Spa features: None
    Lot
    • Size: 0.56 Acres
    • Features: 11-15 Units/Acre
    Details
    • Parcel number: 505283024
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Mixed Use
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 2007

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Curbs, Sidewalks, Pool
    • Subdivision: Central Palm Springs (33215)
    Location
    • Region: Palm Springs

    Financial & listing details

    • Price per square foot: $349/sqft
    • Date on market: 8/23/2023
    • Cumulative days on market: 49 days
    • Listing terms: Cash,Cash to New Loan,1031 Exchange

    Price history

    DateEventPrice
    10/31/2023Sold$7,300,000+873.3%$349/sqft
    Source: CRMLS #CV23157440 Report a problem
    10/15/2004Sold$750,000$36/sqft
    Source: CDAR/ Desert Area MLS #41181734 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: Old Las Palmas

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $8,840,000
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $8,840,000