Listing Agent: Marsha Kay McMahon-Jones Broker/Office: Redfin Corporation
1988 Sandalwood Drive E Palm Springs CA 92262
Listing ID
#219147427DA
Status
Active
Property Type
Condominium
County
Riverside
Year Built
1972
Days on website
5
Welcome to Sagewood Condominiums, a celebrated mid-century community designed by renowned architect Donald Wexler and slated to be featured on the 2027 Modernism Week Tour. This highly successful 5-star Airbnb has generated approximately $87K in gross revenue since February 2024, with a local Superhost co-host available to continue management--making this an exceptional turnkey investment opportunity. Historic designation is currently in progress, offering potential eligibility for Mills Act tax benefits. This open-concept, ground-floor single-level end unit showcases a dramatic 12-foot multi-slide wall of glass that seamlessly connects the interior to an expansive private patio--perfect for indoor-outdoor entertaining. The sleek, modern kitchen features quartz countertops, stainless steel appliances, European dishwasher, oversized island, and a peninsula perfect for casual dining or prep. Offered turnkey furnished for immediate enjoyment or rental income. Both ensuite bedrooms offer custom closet systems and beautifully updated tile baths with walk-in showers. Design-forward finishes include polished concrete floors, recessed lighting, dual-pane windows and sliders, and a tankless water heater with softening system. A one-car garage, additional parking space, and ample storage complete the package, along with a full electrical panel and grounding system replacement (2025). Set across 19 acres of fee-simple land, Sagewood's lush greenbelts, mature desert landscaping, and vibrant gardens create a serene, park-like setting. Sagewood offers three heated pools and spas, tennis, pickleball, and a vibrant social atmosphere. Ideally located just minutes from downtown Palm Springs - close to world-class shopping, dining, and entertainment with easy access to El Paseo, Acrisure Arena, Cotino, the Indian Wells Tennis Garden, PGA West, and the Coachella and Stagecoach festival grounds. A rare opportunity to own an architectural icon with strong income potential and timeless Palm Springs appeal.
Appliances:
Dishwasher, Microwave
Association Amenities:
Insurance, Water
Association Fee Frequency:
Monthly
Association Fee Includes:
Sewer
Community Features:
Pool
Cooling:
Electric
Flooring:
Concrete, Tile
Heating:
Central
Interior Features:
Furnished, Storage
Parking Features:
Assigned, Garage
Patio And Porch Features:
Concrete
Pool Features:
Community
Senior Community YN:
false
Spa Features:
Community, Heated
View:
Desert
Senior Community YN:
false
MLS Area Major:
332 - Central Palm Springs
City:
Palm Springs
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Direct link:
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Listed By:
Marsha Kay McMahon-Jones
Redfin Corporation
CA Lic#
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