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

$1,449,000

Home List Price

$10,000*

Closing Credit

4 Bedrooms
4 Full Baths
2,749 SqFt
$527/SqFt
House
Schools Nearby

Location

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1055 E Racquet Club Rd, Palm Springs$1,449,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence
ParkingCarport, Driveway, On Street
Year Built1962
HeatingCentral, Fireplace(s), Natural Gas, Solar, Other, Zoned
CoolingCentral Air
FireplaceGas, Living Room
ViewHills, Mountain(s), Pool, Trees/Woods
Private PoolYes
MLS #SR24046107
Lot Size0.32 Acres
StatusActive

About 1055 E Racquet Club Rd

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!

Property Details

Property Features

Property Information:

  • Architectural Style: Mid-Century Modern
  • Year Built: 1962
  • Stories: 1
  • Living Area: 2,749 SqFt

Listing Office:

  • Office Name: The Agency
  • Office Phone: (818) 900-4259
  • Listing Agent: George Ouzounian

Interior Features

Interior Information:

  • Appliances: Dishwasher, Gas Oven, Gas Range, Refrigerator, Vented Exhaust Fan, Dryer, Washer
  • Flooring Type: Tile
  • Interior: Furnished, Open Floorplan, Quartz Counters, Recessed Lighting, Primary Suite
  • Fireplace: Gas, Living Room

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • View: Hills, Mountain(s), Pool, Trees/Woods
  • Exterior: Barbecue, Fire Pit

Parking Information:

  • Parking: Carport, Driveway, On Street

Lot Features

Lot Information:

  • Lot: Back Yard, Front Yard, Landscaped
  • Lot Size: 0.32 Acres

Utilities

Utilities Information:

  • Heating: Central, Fireplace(s), Natural Gas, Solar, Other, Zoned
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Palm Springs High School, Public District Grades 9-12
  • Raymond Cree Middle School, Public District Grades 6-8
  • Vista Del Monte Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: N Avenida Caballeros at E Racquet Club Rd

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,449,000
  • Price Per SqFt: $527/SqFt

Tax Information:

  • Annual Amount: $9,648
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Palm Springs, CA.

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Palm Springs, CA

City

Med. Sold Price

$649.9K

Med. Price/SqFt

$426

Avg. Days On Market

56

# of Sold Homes

170

1055 E Racquet Club Rd vs Palm Springs

34 DAYS ON ROCKET

-22 Days

$1,449,000

+$799K More

$527/SqFt

+$101 More

KEY TAKEAWAY

This property is $799K more than the Median Sold Price and $101/SqFt more than other homes in Palm Springs, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #SR24046107

Listing Office:

  • Office Name: The Agency
  • Office Phone: (818) 900-4259
  • Listing Agent: George Ouzounian

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/2/2024, 4:25:17 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Sep 28, 2018Home Sold
$740,000
Jan 12, 2016Home Sold
$379,000
Dec 01, 1992Home Sold
$117,500

Tax History

YEARPROP. TAXASSESSMENT
2021$9,648$762,617
2020$9,648$754,799
2018$5,177$394,311
2017$5,050$386,580

History based on county public records data.

Payment Calculator

$7,299

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,411

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-4532105
5
/10

  • Vista Del Monte Elementary School

  • 2744 N Via Miraleste

  • 0.35 miles

  • Public District Grades KG-5

Middle School

school-card-donut-4532106
4
/10

  • Raymond Cree Middle School

  • 1011 E Vista Chino

  • 0.53 miles

  • Public District Grades 6-8

High School

school-card-donut-4532107
6
/10

  • Palm Springs High School

  • 2401 E Baristo Rd

  • 2.41 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $67,177. Most Palm Springs, CA residents have annual incomes between $35k-100k. Most families are single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1055 E Racquet Club Rd

What is the listing price of this property?

The listing price of 1055 E Racquet Club Rd property is $1,449,000.

What type of property is this?

The property 1055 E Racquet Club Rd is a house located in Palm Springs, California, 92262.

Is this property for sale now?

Active Listing: 1055 E Racquet Club Rd is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 1055 E Racquet Club Rd are:
Vista Del Monte Elementary School: GreatSchools Rating 5/10
Raymond Cree Middle School: GreatSchools Rating 4/10
Palm Springs High School: GreatSchools Rating 6/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $9,648 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on September 28, 2018 for $740,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1055 E Racquet Club Rd has 4 bedrooms and 4 bathrooms.

What is the square footage of this property?

The property 1055 E Racquet Club Rd is 2,749 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1055 E Racquet Club Rd is 1962.

Rocket Homes›California›Riverside County›Palm Springs›92262›1055 E Racquet Club Rd

This home is located at 1055 E Racquet Club Rd in Palm Springs, CA and zip code 92262 in the Vista Norte neighborhood. This 2,749 square foot home, which was built in 1962, sits on a 0.32 acre lot. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since March 28, 2024 and is currently priced at $1,449,000.

While more than 17 listings in Palm Springs, CA in April 2024 were sold above asking price, there were more than 30 listings sold at asking price, and more than 123 were sold below. The inventory of homes for sale in Palm Springs, CA between March 2024 and April 2024 increased by 10.8%. In April 2024, listings were on the market for 56 days. During the same period, the median list price in this real estate market was $649,950.

From Rocket Homes Real Estate and based on county public records data.

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