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1055 E Racquet Club Rd, Palm Springs, CA 92262
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1055 E Racquet Club Rd Palm Springs, CA 92262

$1,549,000
  • 4 Beds
  • 4 Baths
  • 2,749 Sq.Ft.
For Sale
$1,549,000 Get Pre-Qualified
Map preview of 1055 E Racquet Club Rd, Palm Springs, CA 92262

Property Overview: 1055 E Racquet Club Rd Palm Springs, CA has 4 bedrooms, 4 bathrooms, 2,749 living square feet and 13,939 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Welcome to the Sputnik House – a captivating mid-century gem that epitomizes the Palm Springs lifestyle! Built in 1962 and extensively upgraded with $100,000 in investments, this pristine 4-bedroom, 4-bath home offers a seamless blend of modern luxury and timeless charm. Step into a stunning open-concept living area, adorned with a fireplace and anchored by a meticulously designed modern kitchen. The kitchen boasts stainless appliances, a tasteful tile backsplash, a waterfall-edge quartz countertop, and ample storage, creating a perfect hub for culinary delights. Each of the 4 bedrooms and baths has been tastefully updated, ensuring a comfortable retreat for both homeowners and guests. The spacious primary bedroom stands out with its spa-like bathroom, featuring a dual vanity, free-standing tub, and an oversized walk-in shower. Outdoors, indulge in the epitome of relaxation with a sparkling pool that provides breathtaking western mountain views. An outdoor kitchen, a covered patio, and a fire feature complete the enchanting space, offering a haven for outdoor entertainment. The property has new landscaping with color-changing automated lighting and solar panels. The Sputnik House is not just a dream home – it's an investment opportunity. Boasting a track record as a successful short-term rental, the property is fully booked for March and April, generating a lucrative $14,000 each month. With smart home automation, upgraded pool equipment, and a complete set of brand-new furnishings, TVs, and appliances (just one-year-old), this turnkey property offers a hassle-free investment experience. Furthermore, the Sputnik House sits on FEE land, meaning there's no land lease – you own the land. Plus, there's no HOA, providing flexibility and freedom for the homeowner. Situated just minutes from downtown. Don't miss your chance to own a piece of Palm Springs paradise and an investment that promises both luxury living and substantial returns. This is the Sputnik House – where mid-century elegance meets modern sophistication!

Listed by George Ouzounian | BRE #01948763 | The Agency
Co-listed by Sevak Isayan | BRE #01837895 | The Agency
Last checked: 11 minutes ago | Last updated: April 13th, 2024 | Source CRMLS | DOM: 23
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Home details

Lot Sq. Ft
13,939
HOA Dues
$0/mo
Year built
1962
Garage
--
Property Type:
Single Family Home
Status
Active
MLS#
SR24046107
City
Palm Springs
County
Riverside
Time on Site
30 days

Open Houses for 1055 E Racquet Club Rd

No upcoming open houses

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Property Details for 1055 E Racquet Club Rd

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central, Fireplace(s), Natural Gas, See Remarks, Solar, Zoned
Laundry Information
  • Has Laundry
  • Dryer Included, Washer Included
Fireplace Information
  • Has Fireplace
  • Living Room, Gas, Fire Pit
Room Information
  • Downstairs Bedrooms: 4
  • Downstairs Bathrooms: 4
  • Eating Area: Area, Breakfast Counter / Bar, In Family Room, Dining Room, In Kitchen
  • Flooring: Tile
  • Den, Family Room, Kitchen, Laundry, Living Room, Primary Bathroom, Primary Bedroom, Primary Suite
Kitchen Information
  • Has Appliances
  • Barbecue, Dishwasher, Gas Oven, Gas Range, Refrigerator, Vented Exhaust Fan
  • Kitchen Open to Family Room, Quartz Counters
Bathroom Information
  • # of Baths (Full): 4
Interior Features
  • Furnished, Open Floorplan, Quartz Counters, Recessed Lighting
  • Levels: One
  • Window Features: Blinds, Double Pane Windows
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • Barbecue Private
  • No Spa
  • Spa Features: None
Exterior Features
  • Has Patio
  • Has Pool
  • Pool Features: Private, Heated, In Ground
  • Concrete, Covered, Patio, Patio Open, Rear Porch
Lot Details / Garage and Parking
Parking/Garage Information
  • Parking Features: Carport, Driveway, Street
Lot Information
  • Lot Features: 0-1 Unit/Acre, Back Yard, Front Yard, Landscaped, Park Nearby, Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Hills, Mountain(s), Pool, Trees/Woods
  • Common Walls: No Common Walls
  • Total # of Units: 1
  • Parcel Number: 501162004
  • Year Built Source: Public Records
  • Architectural Style: Mid Century Modern
  • Foundation Details: Slab
  • Property is not Attached
  • Accessibility Features: None
  • Offered With Property: All furniture, fixtures, TVs, and appliances
  • Property Condition: Turnkey, Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Schools
School Information
  • High School District: Palm Springs Unified
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: Vista Norte
  • Directions: N Avenida Caballeros at E Racquet Club Rd
Neighborhood Information
  • Community Features: Biking, Golf, Hiking, Park, Sidewalks, Street Lights
View more facts & features

Local Palm Springs Agent

Sale History for 1055 E Racquet Club Rd

Last sold for $1,430,000 on July 27th, 2022

  • March, 2024

  • Mar 28, 2024

    Date

    Active

    CRMLS: SR24046107

    $1,549,000

    Price

  • July, 2022

  • Jul 27, 2022

    Date

    Sold

    CRMLS: 22150559

    $1,430,000

    Price

  • Apr 28, 2022

    Date

    Active

    CRMLS: 22150559

    $1,485,000

    Price

  • Listing provided courtesy of CRMLS

    Welcome to the Sputnik House! Looking for a large amazing highly upgraded mid-century home that embodies the Palm Springs lifestyle? This pristine 4-bedroom 4-bath home built in 1962 will check all the boxes! Just minutes from downtown, this modernized beauty offers loads of amenities with outdoor enjoyment in mind including a sparkling pool with gorgeous western mountain views, an outdoor kitchen, a covered patio, and a fire feature. Inside you'll find a stunning open concept living area with a fireplace, anchored by a well-appointed modern kitchen with tasteful tile backsplash, stainless appliances, waterfall edge quartz countertop, and loads of storage. All of the guest bedrooms and baths are tastefully updated and ready for your guests to enjoy. The spacious primary bedroom boasts a beautiful spa-like bathroom with dual vanity, free-standing tub, and oversized walk-in shower. This property would make a fantastic investment for short-term rentals. On FEE land (no land lease, you own the land) and no HOA! The property is offered unfurnished.

  • September, 2018

  • Sep 29, 2018

    Date

    Sold

    CRMLS: 18347108PS

    $740,000

    Price

  • Aug 25, 2018

    Date

    Active Under Contract

    CRMLS: 18347108PS

    $749,999

    Price

  • Aug 20, 2018

    Date

    Price Change

    CRMLS: 18347108PS

    $749,999

    Price

  • Jul 17, 2018

    Date

    Price Change

    CRMLS: 18347108PS

    $774,999

    Price

  • Jun 26, 2018

    Date

    Price Change

    CRMLS: 18347108PS

    $799,000

    Price

  • May 24, 2018

    Date

    Active

    CRMLS: 18347108PS

    $829,000

    Price

  • Listing provided courtesy of CRMLS

    Come enjoy the Palm Springs lifestyle only minutes away from downtown Palm Springs. This 4 BR / 4 BA / has been beautifully upgraded to today's standards with high end finishes for a casual yet sophisticated desert lifestyle! This is the perfect vacation home, owner estate or a place to entertain guests! Enjoy the open-concept living with clean lines, and sleek decorator finishes. Relax by the romantic fireplace or prepare a meal in your designer kitchen featuring new cabinets, quartz counter tops and stainless steel appliances. The private back yard with mountain views will give you a chance to soak up the sun, enjoy a BBQ, sip margaritas or take a swim in your pool.The master suite has a private spa like bathroom and doors leading to the refreshing pool. Not one section of this house was left untouched. Upgrades include new kitchen, bathrooms, 2 A/C units, 2 water heaters, pool plaster, pool pump and heater, dual pane windows, stucco and desert landscaping. You own the land. No HOA

  • September, 2018

  • Sep 28, 2018

    Date

    Sold (Public Records)

    Public Records

    $740,000

    Price

  • September, 2016

  • Sep 21, 2016

    Date

    Canceled

    CRMLS: 316006529

    $499,000

    Price

  • Jul 19, 2016

    Date

    Price Change

    CRMLS: 316006529

    $499,000

    Price

  • Jul 11, 2016

    Date

    Price Change

    CRMLS: 316006529

    $549,000

    Price

  • Listing provided courtesy of CRMLS

    Attention investors and contractors!!! Offered for sale is this clean slate. Consists of 4 bedrooms, 3 bathroom, living room with fireplace, and a large kitchen area. Backyard offers a covered patio and a pool.

  • September, 2016

  • Sep 21, 2016

    Date

    Canceled

    CRMLS: 216020714DA

    $499,000

    Price

  • Jul 19, 2016

    Date

    Price Change

    CRMLS: 216020714DA

    $499,000

    Price

  • Jul 11, 2016

    Date

    Price Change

    CRMLS: 216020714DA

    $549,000

    Price

  • Listing provided courtesy of CRMLS

    Attention investors and contractors!!! Offered for sale is this clean slate. Consists of 4 bedrooms, 3 bathroom, living room with fireplace, and a large kitchen area. Backyard offers a covered patio and a pool.

  • January, 2016

  • Jan 12, 2016

    Date

    Sold (Public Records)

    Public Records

    $379,000

    Price

  • December, 2015

  • Dec 3, 2015

    Date

    Price Change

    CRMLS: 215036672DA

    $389,900

    Price

  • Listing provided courtesy of CRMLS

    Diamond in the Rough in desirable Palm Springs. Front has a closed off courtyard with gate entrance. Large Kitchen with lots of cabinets and storage. Large living room with fireplace. 4 bedrooms and 3 bathrooms. Backyard has a patio cover and pool.

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Tax History for 1055 E Racquet Club Rd

Assessed Value (2020): $754,799
Year Land Value Improved Value Assessed Value
2020 $188,703 $566,096 $754,799

Home Value Compared to the Market

This property vs the competition

1055 E Racquet Club Rd is listed 93.87% higher than the median list price for the city of Palm Springs which has a median list price of $799,000. The median price per/sqft for Palm Springs is $482 and this home is listed at $563.48 per/sqft which puts the price per square foot 16.9% higher than the median price per square foot for the city of Palm Springs.

About 1055 E Racquet Club Rd

Detailed summary of property

1055 E Racquet Club Rd is a single family home located in Palm Springs, CA 92262 and is currently for sale. This house offers 4 bedrooms, 4 bathrooms, roughly 2,749 living square feet, and sits on an approximately 13,939 square foot lot. 1055 E Racquet Club Rd was first listed on ArdentRealEstateGroup.com on March 28, 2024. The homeowner is currently asking $1,549,000. The median priced home in Palm Springs is $799,000 with a median price per square foot of $482. Based on Ardent Real Estate Group's Palm Springs Market Data, this home is listed 93.87% higher than the median priced home. Local competing homes currently for sale include 1987 Sycamore Hill Dr, 5606 Royal Ridge Court and 18942 Wildflower Way. While the average home in Palm Springs, CA is selling in 106 days, 1055 E Racquet Club Rd has a days on market of 23 days. There are currently 917 homes for sale in the Palm Springs real estate market and 467 of them are single family homes while 433 of them are condos and 17 are townhomes. For more information on this home for sale at 1055 E Racquet Club Rd Palm Springs, CA 92262 contact Ardent Real Estate Group and we will put you in touch with one of our Palm Springs agents.

Public Facts for 1055 E Racquet Club Rd

Public county record property details
Beds
4
Baths
3
Year built
1962
Sq. Ft.
2,749
Lot Size
11,325
Stories
1
Type
Single Family Residential
Pool
Yes
Spa
No
County
Riverside
Lot#
4
APN
501-162-004

The source for these homes facts are from public records.

92262 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$849,000
Median List Price/Sq.Ft.
$497
Median Sold Price
$760,000
Median Sold Price/Sq.Ft.
$487
Total Inventory
506
Median Sale to List Price %
98.06%
Avg Days on Market
53
Loan Type
Conventional (14.12%), FHA (1.18%), VA (0%), Cash (44.71%), Other (20%)

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Palm Springs Agent
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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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