$2,495,000
Est. $13,972/mo2070 E Park Drive, Palm Springs, CA 92262
About this home
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.
infoProperty Facts
Bedrooms
5
Bathrooms
6
Square Feet
2,517
Lot Size
9,583 sqft
Year Built
2015
Property Type
Single Family Residence
Days on Market
52
HOA Fee
N/A
Garage Total
2
MLS #
26640151
chairInterior Details
General Interior
Interior Features
Ceiling Fans
Flooring
Tile
Fireplace
Living Room
Kitchen & Appliances
Appliances
Dishwasher, Dryer, Washer
Laundry
In Garage
Climate Control
Heating
Forced Air, Fireplaces
garageParking
Total Parking Spaces
4
Garage Spaces
2
Open Parking Spaces
2
Parking Features
Concrete, Door Multi, Garage
deckExterior & Lot
Building & Construction
Security
Fire Sprinkler System, Gated Community
Lot & Grounds
Pool Features
In Ground, Private
Spa Features
In Ground, Private
diversity_3Community & HOA
Association Info
Community Features
Gated
Mortgage Calculator
$0
Nearby Schools
| Rating | School Name |
|---|---|
9 | GreatSchools High (Demo) public School • ratio 22:1 |
7 | Valley View Elementary (Demo) public School • ratio 18:1 |
6 | Lincoln Middle School (Demo) public School • ratio 20:1 |
NR | St. Mary Example Academy (Demo) private School • ratio 12:1 |
Walkability
Market Insights
Estimated Value
Market Temperature
Balanced market
Avg. time on market
This is a Balanced Market. Homes are selling at a moderate pace.
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