516 E Racquet Club Road, Palm Springs, CA 92262

About this single-family home

Here is your opportunity to own a piece of Palm Springs History. This unique home is an ALEXANDER Construction Company build with an addition of over 2000 square feet and is ready to be brought back to its former glory. You can take it to the next level with the plans that are in place for a spectacular yard designed to maximize the glorious mountain views and includes a built-in barbecue and large inviting pool and spa. Priced at only $175 a square foot, this 7 bedroom 7 bath home would make an excellent luxury vacation rental with a projected gross income between $110k and $120k a year. (see attached projection from Vacation Palm Springs) Newer Berber carpeting and the roof was restored a few years ago. Located a short 1.5 miles to the shops and restaurants of beautiful Downtown Palm Springs. Property was formally a sober living home.

Listing description from the November 2016 sale, as reported to CRMLS.

Sale history

$525,000

Sold November 2016 · listed $568,000, on market November 2016 · MLS #216033116DA · Source: CRMLS

Listing Agent: Susan Chrnalogar · Listing Office: Keller Williams Realty · Contact: (760) 969-1000 · Bought with: Jeff Blacker · Keller Williams Realty

$502,300

Sold November 2015 · listed $599,000, on market October 2015 · MLS #215029162DA · Source: CRMLS

Listing Agent: Holly Tait Markas · Listing Office: Holly's Homes Desert Princess · Contact: 760-885-2800 · Bought with: Out Side Agent · Out Side Broker Office

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