2525 N Palm Canyon Dr Palm Springs, CA 92262

$1,650,000 Sold Price as of 04/09/2019

-- Beds
-- Baths
-- Sq.Ft.

Off Market

$1,650,000 Sold Price as of 04/09/2019 Refinance Your Mortgage

Map preview of 2525 N Palm Canyon Dr, Palm Springs, CA 92262

Property Overview: 2525 N Palm Canyon Dr Palm Springs, CA has -- bedrooms, -- bathrooms, -- living square feet and 22,651 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

2525 N Palm Canyon Dr is currently an off market home in the city of Palm Springs. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Palm Springs has a median list price of $710,000. The median price per/sqft for Palm Springs is $458. With those numbers in mind, if you are looking to purchase a median priced home in Palm Springs, CA and put 20% down you will need to save up $142,000 for the down payment and will need roughly $14,200 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Palm Springs the commission could be as much as $29,500. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 2525 N Palm Canyon Dr

Last sold for $1,650,000 on April 9th, 2019

June, 2024
Jun 4, 2024

Date

Expired

CRMLS: 219103725DA

$5,650,000

Price
Dec 5, 2023

Date

Active

CRMLS: 219103725DA

$5,650,000

Price
Listing provided courtesy of CRMLS

Welcome to The Inn at Palm Springs, where vintage charm meets modern luxury. This boutique hotel, originally constructed in 1958 and thoughtfully renovated between 2019-2023, offers a timeless oasis for discerning travelers. Boasting 22 meticulously designed bedrooms across two stories, this retreat is a sanctuary for wellness seekers. Spanning 8,700 sq ft plus approximately 1500 extra sq ft of basement space perfect for a speak-easy or game room! One of our standout features is the possession of a coveted liquor license, elevating your stay where guests can unwind and relax. The lot is 22,651 sq ft & the property boasts a stunning garden, inviting pool, and a fitness room.Guests enjoy the luxury of ample parking with 22 spaces, inviting them to explore the nearby attractions hassle-free. Take a dip in our refreshing pool, bask in the desert sun, or wander through the serene landscape surrounding the property.Nestled between the picturesque neighborhoods of Little Tuscany and the Uptown Design District, The Inn at Palm Springs offers a tranquil escape while being conveniently close to the vibrant pulse of the city. The proximity to the tram adds an exciting dimension to your stay, inviting you to explore the stunning vistas and adventures awaiting atop.For those seeking a seamless transition, assumable financing is available, making this a prime opportunity for investment in a thriving hospitality landscape.Come and experience the epitome of Palm Springs!

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November, 2023
Nov 17, 2023

Date

Expired

CRMLS: 219097548PS

$4,987,500

Price
Jul 17, 2023

Date

Active

CRMLS: 219097548PS

$4,987,500

Price
Listing provided courtesy of CRMLS

Now offering for sale a recently renovated boutique hotel investment opportunity at 2525 N Palm Canyon Drive: The Inn at Palm Springs! Located on fee land adjacent to The Uptown Design District of Palm Springs, this 22 Room Boutique Hotel is in close proximity to numerous shops, restaurants, and local attractions, and offers a diverse mix of room types to accommodate any guest or group!All rooms have new hardwood floors, beds, bedding, fixtures, and come equipped with a mini fridge, microwave, and office space. Room types include a combination of Single Queen & King Beds, and double bed rooms. Outside you'll find an amazing pool with plenty of seating areas and lounge chairs, as well as an on-site Pass Through Bar equipped with a Type 70 Liquor License that's ready to be activated for the new owner providing even more revenue generation opportunity. The property also includes a 1,500 SF basement area that could be activated as well.In addition to booking rooms out on a nightly basis, owners would have the opportunity to host events on the hotel grounds, as the space can accommodate up to 56 people for any type of reunion, birthday party, micro-wedding, or corporate retreat!Unencumbered by any lease or management agreements, with strong financials, and a great price/key ($226K), this incredible boutique hotel will make for a sound investment with lots of upside in the thriving Palm Springs hotel market. Reach out for the full OM or to schedule a private showing.

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April, 2019
Apr 9, 2019

Date

Sold (Public Records)

Public Records

$1,650,000

Price
July, 1998
Jul 10, 1998

Date

Sold (Public Records)

Public Records

$155,000

Price

Tax History for 2525 N Palm Canyon Dr

Assessed Value (2020): $1,683,000

Year	Land Value	Improved Value	Assessed Value
2020	$357,000	$1,326,000	$1,683,000

About 2525 N Palm Canyon Dr

Detailed summary of property

2525 N Palm Canyon Dr is categorized with a use code of Commercial (General) in Palm Springs, CA 92262 and last sold on April 9, 2019 for $1,650,000. This property has -- bedrooms, -- bathrooms, roughly -- living square feet, and sits on an approximately 22,651 square foot lot. Homes in Palm Springs are selling for a median price of $590,000 and a median price per square foot of $412. Based on Ardent Real Estate Group's Palm Springs Market Data, this home is sold 179.66% higher than the current median priced home. 2525 N Palm Canyon Dr was last sold on April 9, 2019 for $1,650,000. Local nearby listings include 20858 Bakal Dr, 7061 Newbury Ave and 7012 Newbury Ave. The average home in Palm Springs, CA is selling in 133 days. There are currently 744 homes for sale in the Palm Springs real estate market and 383 of them are single family homes while 346 of them are condos and 15 are townhomes. If you are the homeowner and looking to sell the home at 2525 N Palm Canyon Dr 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 2525 N Palm Canyon Dr

Public county record property details

Beds: --
Baths: --
Year built: 1960
Sq. Ft.: --
Lot Size: 22,651
Stories: 2

Type: Commercial (General)
Pool: No
Spa: No
County: Riverside
Lot#: 1,2,3
APN: 504-073-001

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

$780,000

Median List Price/Sq.Ft.

$471

Median Sold Price

$637,500

Median Sold Price/Sq.Ft.

$445

Total Inventory

451

Median Sale to List Price %

98.84%

Avg Days on Market

Loan Type

Conventional (26.92%), FHA (1.92%), VA (0%), Cash (38.46%), Other (5.77%)

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