2070 E Park Drive, Palm Springs, CA 92262
2070 E Park Drive, Palm Springs, CA 92262
2070 E Park Drive, Palm Springs, CA 92262
2070 E Park Drive, Palm Springs, CA 92262
2070 E Park Drive, Palm Springs, CA 92262
2070 E Park Drive, Palm Springs, CA 92262
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$ 2,495,000
Est. payment | /mo

5 Beds

3.5 Baths

2,517 SqFt


Save
$ 2,495,000
Est. payment | /mo
Save

5 Beds

3.5 Baths

2,517 SqFt

Open House

Sat Apr 25, 11:00am - 2:00pm

Sun Apr 26, 11:00am - 2:00pm

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,517 sqft

Price per Sqft $991

MLS Listing ID CL26640151

Bedrooms 5

Full Baths 1

Half Baths 5

HOA Y/N No

Year Built 2015

Lot Size 9,583 Sqft

Acres 0.22

Property Sub-Type Single Family Residence

Property Description

A RARE 5 ENSUITE BEDROOM RENTAL INVESTMENT OPPORTUNITY, 2070 Park Drive isn't just a solid income property it's a tax planning engine. Between accelerated depreciation, cost segregation potential, and suitability as a 1031 exchange replacement, sophisticated buyers can materially reduce taxable income while accruing real cash flow. Built in 2015, this mid-century inspired architectural estate is set on a gated corner lot with unobstructed Mt. San Jacinto views, delivering an exceptional blend of privacy, sophistication, & true resort-style living. Inside, polished concrete floors, soaring ceilings, and walls of Fleetwood sliding doors create a seamless indoor-outdoor flow. The expansive great room is ideal for entertaining and is anchored by a chef's kitchen featuring dual Caesarstone quartz islands, stainless steel appliances, a built-in 44-bottle wine refrigerator, and a brand-new refrigerator with an integrated auto-filling filtered water pitcher and dual gourmet ice makers. A custom kitchen island includes instant hot water and filtered cold-water faucets. The living room's beamed ceiling frames views of the quintessential mid-century breeze-block wall. All five spacious bedrooms offer private en-suite bathrooms & direct outdoor access. An attached casita-style suite with kitchenette, split A/C system, & private entrance is ideal for guests, multi-generational living, and is highly desirable for short-term rental use. Outdoors, enjoy your own private desert resort featuring a 42-foot saltwater pool with dual Baja shelves, spa, six-foot waterfall, fire pit, & multiple lounge and dining areas, all surrounded by lush desert landscaping. The property is fully enclosed by block walls with mature ficus hedges, providing exceptional privacy and sound buffering. Smart, upgraded, & energy-efficient features include double-paned windows, Nest-controlled three-zone HVAC, a Fibertite roof system, Sonos sound system, two tankless water heaters, Tesla charger, and a 10-inch tablet command center with voice control, offering one-touch scenes for lighting, music, pool/spa, and exterior ambiance. Located in one of the nation's most lucrative short-term rental markets per AirDNA, this property is DSCR-loan eligible with no personal income verification required. Fee-simple land you own it. The neighborhood remains well below the STR permit cap, making this an exceptional investment opportunity, luxury desert retreat, or both.

Location

State CA

County Riverside

Zoning R1C

Interior

Heating Forced Air, Fireplace(s)

Cooling Ceiling Fan(s)

Flooring Tile

Fireplaces Type Living Room, Other

Fireplace Yes

Appliance Dishwasher

Laundry Dryer, In Garage, Washer

Exterior

Garage Spaces 2.0

Pool In Ground

View Y/N true

View Mountain(s)

Total Parking Spaces 4

Private Pool true

Building

Story 1

Level or Stories One Story

New Construction No

Others

Tax ID 502032017

Bridge MLS
Listed by Mina Azami • Compass

Nearby Locations

GET MORE INFORMATION

Patrick Nagel
Patrick Nagel

REALTOR® | Lic# 1760790

+1(925) 895-5324

1451 Leimert Blvd, Oakland, CA, 94602

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2070 E Park Drive