5191 E Lakeside Drive, Palm Springs CA, 92264
(Active)
$1,120,000
|
3 beds, 1 Full/1 Three-Qtr baths, 2,292 sqft
|
MLS# OC24034066
Last Updated: 5/13/2024 1:38 AM
Description for
5191 E Lakeside Drive
Palm Springs, CA 92264
This unique opportunity to own and refurbish a piece of history just became even more appealing. Designed by the renowned architect Donald Wexler AIA and constructed in 1965 by the Alexander Construction Company, this project offers the chance to modernize a classic design while maintaining its original architectural intent. Notably, the current homeowner has dedicated a year to obtaining city permits for property upgrades and has successfully received final approval, with details available in the attached documentation. The spacious layout, currently featuring 3 bedrooms and 2 bathrooms, holds potential for expansion to a 4 bedroom, 3 bathroom residence with an attached private Casita. Located on the golf course in the desirable Tahquitz Creek Golf neighborhood, it boasts a lush backyard with a pool and stunning mountain views, positioned on the 3rd hole of the Legends course. The possibility to extend the yard into the golf course easement adds even more value. Additionally, being on Fee Land with no HOA fees and just minutes from downtown Palm Springs, close to shopping, dining, hiking, Pickleball, Tennis at Demuth Park, and golf, this property is ideal for those looking for a Palm Springs getaway, a permanent residence, or an investment opportunity, especially considering the area's allowance for short-term rentals. This rare find, now with the added benefit of approved upgrade permits, is an opportunity not to be missed.
Price
$1,120,000
Tahquitz Creek Golf Course (33508)
Riverside
3
1 Full/1 Three-Qtr
2,292 (approx)
OC24034066
Active
Description
This unique opportunity to own and refurbish a piece of history just became even more appealing. Designed by the renowned architect Donald Wexler AIA and constructed in 1965 by the Alexander Construction Company, this project offers the chance to modernize a classic design while maintaining its original architectural intent. Notably, the current homeowner has dedicated a year to obtaining city permits for property upgrades and has successfully received final approval, with details available in the attached documentation. The spacious layout, currently featuring 3 bedrooms and 2 bathrooms, holds potential for expansion to a 4 bedroom, 3 bathroom residence with an attached private Casita. Located on the golf course in the desirable Tahquitz Creek Golf neighborhood, it boasts a lush backyard with a pool and stunning mountain views, positioned on the 3rd hole of the Legends course. The possibility to extend the yard into the golf course easement adds even more value. Additionally, being on Fee Land with no HOA fees and just minutes from downtown Palm Springs, close to shopping, dining, hiking, Pickleball, Tennis at Demuth Park, and golf, this property is ideal for those looking for a Palm Springs getaway, a permanent residence, or an investment opportunity, especially considering the area's allowance for short-term rentals. This rare find, now with the added benefit of approved upgrade permits, is an opportunity not to be missed.
Listing Information
| Property Type: Single Family, 1 Story | ||
| 3 | 1 Full/1 Three-Qtr | |
| 0.25 Acres | Assessor | 2,292 (approx) |
| 1965 | Yes-2 spaces | 1 |
Tahquitz Creek Golf Course (33508)
Public
Public Sewer
Neighborhood
School Information
| District: Palm Springs Unified | ||
Room Information
| Bathrooms: Main Level: 2 | |||
| 1 | 1 | ||
Main Level: 3, Total: 3
In Garage
Interior Features
Central Air
No Common Walls
Front door
None
Exterior / Lot Features
2 Garage Spaces,
2 Parking Spaces,
0 Covered Parking Spaces,
InGround
Gunite,In Ground,Private
GolfCourse, Mountain
Back Yard,Front Yard
Driving Directions
Use your own direction.
Financial Considerations
| 681233004 |
Cash,Cash to New Loan,Conventional,Cal Vet Loan,1031 Exchange
Listing Price History
Palm Springs Real Estate
Palm Springs is located in California. Palm Springs, California 92264 has a population of 46,976.
The median household income in Palm Springs, California 92264 is $59,824. The median household income for the surrounding county is $70,543 compared to the national median of $66,222. The median age of people living in Palm Springs 92264 is 36 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
| Street Address | City | Beds | Baths | Sold Price | Sold Date | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| No information is available for recently sold properties within this search. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 5/1/2024 | Active | $1,120,000 USD -6.67% |
|
| 2/17/2024 | Active | $1,200,000 USD 13.21% |
|
| 2/21/2023 | Sold | $1,060,000 USD | public records |
Tax History (Sourced from Public Records)
| year | Property Taxes | Change | Tax Assessment | Change |
|---|---|---|---|---|
| 2023 | $13,671 USD | 602.78% | $1,060,000 USD | - |
| 2022 | $1,945 USD | 1.94% | $1,060,000 USD | 689.71% |
| 2021 | $1,909 USD | 4.15% | $134,226 USD | - |
| 2020 | $1,832 USD | 1.72% | $134,226 USD | 1.04% |
| 2019 | $1,801 USD | 1.81% | $132,850 USD | 2.00% |