1 year on rocket

2550 S Araby Dr, Palm Springs, CA, 92264

$649,000

Home List Price

$7,707*

Closing Credit

2 Bedrooms
3 Full Baths
1,311 SqFt
$495/SqFt
House
Schools Nearby

Location

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2550 S Araby Dr, Palm Springs$649,000

Buyer Closing Credits

$7,707*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingOther
Garage1 space
Year Built1929
HeatingFireplace(s), Wood
CoolingWall/Window Unit(s)
FireplaceLiving Room, Masonry, Primary Bedroom, Wood Burning
ViewCanyon, Desert, Mountain(s), Panoramic
MLS #219083971DA
Lot Size0.45 Acres
StatusActive

About 2550 S Araby Dr

***Significant price reduction to allow buyer room to improve the property. *** This historic rock home built by R. Lee Miller in 1929 comes to market for the first time in 45 years. Perched above Araby Cove with panoramic views of the desert, this property offers privacy and solitude. There is a detached structure used previously as the garage and detached studio casita with full bath which has been used as an artist's studio in the past. This home has two fireplaces and an original stove pipe. Look closely at the detail of the handcrafted doors, windows and shelves, ironwork on the door latches, ceiling beams and handmade fireplace tools. Look even closer and you will discover a hidden room behind a bookcase. Look closer still and you will see the original owner, Perle Martin Wheeler carved her named into a nook in 1931. These homes have a storied history (see attached articles) of which many myths and legends have endured over decades. The roof was just redone August 2022. It has historic Class 1, Landmark designation with the City of Palm Springs. It does allow short term rentals. The sister property to this is also for sale, 2501 Araby Drive (MLS#219083969). Class 1 properties in Palm Springs are eligible for Mills Act contracts (see attached). These properties are only accessible via a private road with restricted access. You must have an appointment to view them. ***It is important you do not drive to the property. You must have an appointment.***

Property Details

Property Features

Property Information:

  • Year Built: 1929
  • Stories: 1
  • Living Area: 1,311 SqFt

Listing Office:

  • Office Name: Desert Sotheby's International Realty
  • Office Phone: (760) 797-8000
  • Listing Agent: Nyla Patzner

Interior Features

Interior Information:

  • Flooring Type: Concrete
  • Interior: Beamed Ceilings, Partially Furnished
  • Fireplace: Living Room, Masonry, Primary Bedroom, Wood Burning

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: Canyon, Desert, Mountain(s), Panoramic

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: No
  • Parking: Other

Lot Features

Lot Information:

  • Lot Size: 0.45 Acres

Utilities

Utilities Information:

  • Heating: Fireplace(s), Wood
  • Cooling: Wall/Window Unit(s)

School Info

Assigned Schools Information:

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

Other

Directions Information:

  • Directions: GPS + Call Agent for Road Access. IMPORTANT: Property is on a private road with restricted access. Do not go without an appoitment. Cross Street: End of Araby Trail.

Price Information

Listing Price Info

Price Summary:

  • List Price: $649,000
  • Price Per SqFt: $495/SqFt

Tax Information:

  • Annual Amount: $1,780
  • Tax Year: 2021
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Housing Market Comparison

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

Med. Sold Price

$649.9K

Med. Price/SqFt

$426

Avg. Days On Market

56

# of Sold Homes

170

2550 S Araby Dr vs Palm Springs

486 DAYS ON ROCKET

+430 Days

$649,000

-$950 Less

$495/SqFt

+$69 More

KEY TAKEAWAY

This property is $950 less than the Median Sold Price and $69/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: #219083971DA

Listing Office:

  • Office Name: Desert Sotheby's International Realty
  • Office Phone: (760) 797-8000
  • Listing Agent: Nyla Patzner

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: 5/4/2024, 12:20:39 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$1,780$138,659
2020$1,780$137,238
2018$1,668$131,911
2017$1,592$129,325

History based on county public records data.

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$3,307

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,012

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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-5927160
4
/10
  • Cahuilla Elementary School

  • 833 E Mesquite Ave

  • 1.83 miles

  • Public District Grades KG-5

Middle School

school-card-donut-5927161
4
/10
  • Raymond Cree Middle School

  • 1011 E Vista Chino

  • 3.96 miles

  • Public District Grades 6-8

High School

school-card-donut-5927162
6
/10
  • Palm Springs High School

  • 2401 E Baristo Rd

  • 2.10 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $51,261. Typical income of Palm Springs, CA residents is less than $35k annually. Residents typically live in single, no kids family. 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 2550 S Araby Dr

What is the listing price of this property?

The listing price of 2550 S Araby Dr property is $649,000.

What type of property is this?

The property 2550 S Araby Dr is a house located in Palm Springs, California, 92264.

Is this property for sale now?

Active Listing: 2550 S Araby Dr is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 2550 S Araby Dr are:
Cahuilla Elementary School: GreatSchools Rating 4/10
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 $1,780 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 2550 S Araby Dr has 2 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 2550 S Araby Dr is 1,311 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 2550 S Araby Dr is 1929.

Rocket HomesCaliforniaRiverside CountyPalm Springs922642550 S Araby Dr

This home is located at 2550 S Araby Dr in Palm Springs, CA and zip code 92264 in the Araby Cove neighborhood. This 1,311 square foot home, which was built in 1929, sits on a 0.45 acre lot. Features: 2 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since January 04, 2023 and is currently priced at $649,000.

In April 2024 more than 17 listings in Palm Springs, CA were sold above the asking price. During the same period more than 30 listings were sold at asking price, while more than 123 were sold below. The number of homes for sale in Palm Springs, CA increased by 10.8% between March 2024 and April 2024. Listings spent 56 days on the market in April 2024, and had a median list price of $649,950 during the same period.

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

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