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1988 E Sandalwood Drive, Palm Springs, CA 92262

New Listing

$529,000

Virtual Tour

https://my.matterport.com/show/?m=sYxfyhdWJPU&mls=1

Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,050 Status: Active

Current Price: $529,000 List Date: 5/05/2026 Last Modified: 5/05/2026

Overview

Description

Welcome to Sagewood Condominiums, a celebrated mid-century community designed by renowned architect Donald Wexler and slated to be featured on the 2027 Modernism Week Tour. This highly successful 5-star Airbnb has generated approximately $87K in gross revenue since February 2024, with a local Superhost co-host available to continue management--making this an exceptional turnkey investment opportunity. Historic designation is currently in progress, offering potential eligibility for Mills Act tax benefits. This open-concept, ground-floor single-level end unit showcases a dramatic 12-foot multi-slide wall of glass that seamlessly connects the interior to an expansive private patio--perfect for indoor-outdoor entertaining. The sleek, modern kitchen features quartz countertops, stainless steel appliances, European dishwasher, oversized island, and a peninsula perfect for casual dining or prep. Offered turnkey furnished for immediate enjoyment or rental income. Both ensuite bedrooms offer c ... (Read more) Welcome to Sagewood Condominiums, a celebrated mid-century community designed by renowned architect Donald Wexler and slated to be featured on the 2027 Modernism Week Tour. This highly successful 5-star Airbnb has generated approximately $87K in gross revenue since February 2024, with a local Superhost co-host available to continue management--making this an exceptional turnkey investment opportunity. Historic designation is currently in progress, offering potential eligibility for Mills Act tax benefits. This open-concept, ground-floor single-level end unit showcases a dramatic 12-foot multi-slide wall of glass that seamlessly connects the interior to an expansive private patio--perfect for indoor-outdoor entertaining. The sleek, modern kitchen features quartz countertops, stainless steel appliances, European dishwasher, oversized island, and a peninsula perfect for casual dining or prep. Offered turnkey furnished for immediate enjoyment or rental income. Both ensuite bedrooms offer custom closet systems and beautifully updated tile baths with walk-in showers. Design-forward finishes include polished concrete floors, recessed lighting, dual-pane windows and sliders, and a tankless water heater with softening system. A one-car garage, additional parking space, and ample storage complete the package, along with a full electrical panel and grounding system replacement (2025). Set across 19 acres of fee-simple land, Sagewood's lush greenbelts, mature desert landscaping, and vibrant gardens create a serene, park-like setting. Sagewood offers three heated pools and spas, tennis, pickleball, and a vibrant social atmosphere. Ideally located just minutes from downtown Palm Springs - close to world-class shopping, dining, and entertainment with easy access to El Paseo, Acrisure Arena, Cotino, the Indian Wells Tennis Garden, PGA West, and the Coachella and Stagecoach festival grounds. A rare opportunity to own an architectural icon with strong income potential and timeless Palm Springs appeal.

Open Houses

Saturday, May 9, 11:00 am - 1:00 pm

Listing Details MLS# 219147427

General Property Information

Total Bedrooms: 2
3/4 Baths: 2
Approx SqFt: 1050
Total Baths: 2
SqFt Source: Assessor
Fireplace: No
Pool: Yes
Garage: Yes
Garage Description: Attached
Sprinklers: Yes
Building # of Stories: Yes
Lot Size Source: Assessor
Year Built: 1972
Furnished: Turnkey
Cross Streets: N Cerritos Rd

Property Features

Sale Type: Standard Listing Terms: Cash; Cash to New Loan; Conventional; Submit View Type: Desert; Mountain(s); Park/Green Belt Irrigation: Drip System Disclosures: CC & R; Earthquake Insurance Available; Easements; Historical Design; Homeowners Association Community Features: Sidewalks Levels: Ground Entry Location: Ground Level - No Steps Appliances: Dishwasher; Electric Cooktop; Microwave Oven Range Hood: No Kitchen Features: Pantry; Quartz Counters; Remodeled Eating Areas: Breakfast Counter/Bar; Dining Area Bedroom Features: 2 Primary Bedrooms Bathroom Features: 2 Primary Baths; Bidet; Remodeled; Shower Stall; Tile Shower Flooring: Ceramic Tile; Concrete Cooling Type: Air Conditioning; Central Air; Electric; Heat Pump Pool Location: Community Pool Construction: In Ground Pool Description: Community; Fenced; Heated; In Ground Heating: Central; Forced Air Rooms: Dining Area; Living Room Interior Features: Open Floorplan; Recessed Lighting; Storage Laundry: In Bathroom Security Safety: Exterior Security Lights Patio Features: Concrete Slab Sewer: In Street Paid Parking: Assigned; Direct Entrance; Garage Door Opener Association 1 Frequency: Monthly Association Amenities: Greenbelt/Park; Guest Parking; Maintenance Grounds; Sport Court; Tennis Courts Association Fees Include: Building & Grounds; Cable TV; Earthquake Insurance; Insurance; Maintenance Paid; Water Land Lease Type: Fee Simple

Listing Location and Property Info

APN: 507421024
Original List Price: 529000
Property Sub-Type: Condominium
Street #: 1988
Street Direction: E
Street Name: Sandalwood
Street Suffix: Drive
County: Riverside
State: CA
Zip Code: 92262
Area: 332 - Palm Springs Central
Country: US

Listing Info

Short Term Rentals: No
Rental Restrictions: Yes
Will Consider Lease: No

Tax Info

Tax Mello Roos: No

Property Info

Golf Course Within Development: No
Senior Community: No
Gated Community: No
PUD Y/N: No
Total Monthly Association Fees: 725
View: Yes

More Information

Status Change Info

Status Change Date: 2026-05-05

Parking SpacesInformation

Total Garage Spaces: Yes
Total Parking Spaces: 3

HOA Information

HOA: Yes
HOA Fee 1: 725

Association Information

Association Name: Sagewood
Association Phone Number: 760-565-7948 ext 229

Listing, Location and Property Info

Entry Date: 2026-05-05
Land Type: Fee

Community Features

Sidewalks: Yes

Sale Type

Standard: Yes

Listing Terms

Cash: Yes
Cash to New Loan: Yes
Conventional: Yes
Submit: Yes

Parking Spaces/Information

RV: None
Total Covered Spaces: 1
Total Uncovered/Assigned Spaces: 1

View Type

Desert: Yes
Mountain(s): Yes
Park/Green Belt: Yes

Irrigation

Drip System: Yes

Disclosures

CC & R: Yes
Earthquake Insurance Available: Yes
Easements: Yes
Historical Design: Yes
Homeowners Association: Yes

Levels

Ground: Yes

Entry Location

Ground Level - No Steps: Yes

Appliances

Dishwasher: Yes
Electric Cooktop: Yes
Microwave Oven: Yes

Range Hood

No: Yes

Kitchen Features

Pantry: Yes
Quartz Counters: Yes
Remodeled: Yes

Eating Areas

Breakfast Counter/Bar: Yes
Dining Area: Yes

Bedroom Features

2 Primary Bedrooms: Yes

Bathroom Features

2 Primary Baths: Yes
Bidet: Yes
Remodeled: Yes
Shower Stall: Yes
Tile Shower: Yes

Flooring

Ceramic Tile: Yes
Concrete: Yes

Cooling Type

Air Conditioning: Yes
Central Air: Yes
Electric: Yes
Heat Pump: Yes

Pool Location

Community: Yes

Pool Construction

In Ground: Yes

Pool Description

Community: Yes
Fenced: Yes
Heated: Yes
In Ground: Yes

Spa/Hot Tub Construction

In Ground: Yes

Spa/Hot Tub Description

Community: Yes
Fenced: Yes
Heated: Yes

Heating

Central: Yes
Forced Air: Yes

Rooms

Dining Area: Yes
Living Room: Yes

Interior Features

Open Floorplan: Yes
Recessed Lighting: Yes
Storage: Yes

Laundry

In Bathroom: Yes

Security Safety

Exterior Security Lights: Yes

Patio Features

Concrete Slab: Yes

Sewer

In Street Paid: Yes

Parking

Assigned: Yes
Direct Entrance: Yes
Garage Door Opener: Yes

Association Amenities

Greenbelt/Park: Yes
Guest Parking: Yes
Maintenance Grounds: Yes
Sport Court: Yes
Tennis Courts: Yes

Association 1 Frequency

Monthly: Yes

Association Fees Include

Building & Grounds: Yes
Cable TV: Yes
Earthquake Insurance: Yes
Insurance: Yes
Maintenance Paid: Yes
Sewer: Yes
Water: Yes

Land Lease Type

Fee Simple: Yes

Listing Office: Redfin Corporation

Listing Agent: Marsha Kay McMahon-Jones

Last Updated: May - 05 - 2026

Information deemed reliable but not guaranteed.

760.799.7770