Enjoy spectacular mountain views while you float in your private pool. Soak in the hot tub or cozy up to the Malm fireplace in the breezeway. Or relax and collect the money from this cash-generating income property while someone else soaks up the sun. This mid-century home has great curb-appeal with a spectacular breeze block feature wall, exuding the classic Palm Springs vibe. Inside, enjoy a large living room adjacent to an open kitchen. Home sits on an over-sized corner lot, with easy access to all Palm Springs shops and restaurants, set back from the main street by a thoughtfully planned limited-access parallel road which acts as a buffer between the home and Racquet Club Road. This is great for guest parking! Sliding glass doors to the rear patio and pebble-tec saltwater pool off the master bedroom and kitchen make living and entertaining the indoor-outdoor lifestyle a breeze!
Single-familyProperty Type
1962Year Built
9,583 sq ftLot Size
$638Est. Price/Sq.Ft.
4 spacesParking
Listed by Greg Tormo•DRE #02068319• The Paul Kaplan Group Inc
Listed by Team Michael Slate•DRE #01930656• The Paul Kaplan Group Inc
Bought with Neil Husvar•DRE #02060248• The Paul Kaplan Group Inc
Cash generating Residential Income Property! Welcome to the "Palm Springs Zen" home. This mid-century home has been artfully appointed with modern comforts and luxury at every turn. Situated on an over-sized corner lot, just minutes from downtown Palm Springs shops and restaurants, this lovely private home offers 2 inviting living areas, indoors and out. The peaceful outdoor lanai features a vintage breeze-block wall, fireplace & fountain. Working, playing or entertaining is a breeze with the open layout & flexible spaces. The updated kitchen has 5 burner gas range, stainless steel appliances, custom hardware & cabinetry, decorator lighting and an open cocktail bar area. Hotel-style luxuries abound: including a pebble-tec style salt-water pool & hot tub with newer heater, plus outdoor covered patio & kitchen area and outdoor shower. Impressive mountain views, with no overhead wires. Rental Income history and projections available.
Public Records
Jan 30, 2012
Sold
$410,000
$333/sq ft
GPSMLS #21442980
Feb 20, 2012
Sold
$415,000
$337/sq ft
Jan 5, 2012
Pending
—
Dec 8, 2011
Listed
$439,000
$356/sq ft
+19
Residential Income Property; grossing over $50,000 annually as a vacation rental. This Palm Springs Alexander, an architectural style known for purity of design, is artfully appointed with comfort and luxury at every turn. Mid-century meets today. Situated on an over-sized corner lot, just minutes from downtown Palm Springs shops and restaurants, this lovely private home offers 2 inviting living areas, indoors and out. The main indoor living area features a 60 LCD HDTV, DVD, stereo, home theater sound and serene, elegant seating. The kitchen, filled with every necessity for high-style dining and entertaining, offers a 5 burner gas range, stainless steel appliances, custom hardware & cabinetry, decorator lighting and a lovely cocktail bar area. Hotel-style luxuries abound: including a saltwater pool, fountain and spa, and a convenient outdoor kitchen with built-in sink. Home is being sold furnished per inventory. Please call for documented rental history.
GPSMLS #41276766
Jul 19, 2007
Sold
$410,000
$333/sq ft
Jun 18, 2007
Listing Removed
—
Jun 14, 2007
Price Changed
$449,900
$365/sq ft
Jun 3, 2007
Price Changed
$479,900
$390/sq ft
May 5, 2007
Price Changed
$498,900
$405/sq ft
Feb 15, 2007
Price Changed
$529,900
$430/sq ft
Feb 13, 2007
Price Changed
$539,000
$438/sq ft
Jan 12, 2007
Listed
$539,900
$438/sq ft
PALM #41264716
Dec 1, 2006
Delisted
—
Dec 1, 2006
Listing Removed
—
Sep 23, 2006
Listed
*
Sep 23, 2006
Listed
$558,900
$454/sq ft
PALM #41264716PS
Dec 1, 2006
Delisted
—
Sep 23, 2006
Listed
*
GPSMLS #4902989
Jan 21, 2000
Sold
$80,000
$65/sq ft
Oct 18, 1999
Listed
$82,500
$67/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$7,386 (−2.6%)
$184,057 + $429,473
$613,530
2024
$7,582 (−1.8%)
$184,057 + $429,473
$613,530
2023
$7,724 (−0.1%)
$180,449 + $421,052
$601,501
2022
$7,734 (+2.0%)
$176,911 + $412,797
$589,708
2021
$7,578 (+4.7%)
$173,443 + $404,703
$578,146
2020
$7,240 (+12.8%)
$170,043 + $396,768
$566,811
2019
$6,420 (+1.9%)
$168,300 + $392,700
$561,000
2018
$6,302 (+1.5%)
$145,653 + $348,536
$494,189
2017
$6,209 (+9.9%)
$140,000 + $335,000
$475,000
2016
$5,649 (+4.2%)
$140,000 + $335,000
$475,000
2015
$5,422 (+1.2%)
$130,505 + $304,516
$435,021
2014
$5,356 (−1.0%)
$126,029 + $294,068
$420,097
2013
$5,413 (+100.7%)
$126,029 + $294,068
$420,097
2012
$2,696 (−8.9%)
$125,460 + $292,740
$418,200
2011
$2,959 (−1.8%)
$52,000 + $157,000
$209,000
2010
$3,015 (−19.1%)
$58,000 + $176,000
$234,000
2009
$3,727 (−20.6%)
$58,000 + $175,000
$233,000
2008
$4,695
$73,000 + $219,000
$292,000
Tax history for 1187 E RACQUET CLUB Rd
Year
Property tax
Land + Additions
Assessment*
2025
$7,386 (−2.6%)
$184,057 + $429,473
$613,530
2024
$7,582 (−1.8%)
$184,057 + $429,473
$613,530
2023
$7,724 (−0.1%)
$180,449 + $421,052
$601,501
2022
$7,734 (+2.0%)
$176,911 + $412,797
$589,708
2021
$7,578 (+4.7%)
$173,443 + $404,703
$578,146
2020
$7,240 (+12.8%)
$170,043 + $396,768
$566,811
2019
$6,420 (+1.9%)
$168,300 + $392,700
$561,000
2018
$6,302 (+1.5%)
$145,653 + $348,536
$494,189
2017
$6,209 (+9.9%)
$140,000 + $335,000
$475,000
2016
$5,649 (+4.2%)
$140,000 + $335,000
$475,000
2015
$5,422 (+1.2%)
$130,505 + $304,516
$435,021
2014
$5,356 (−1.0%)
$126,029 + $294,068
$420,097
2013
$5,413 (+100.7%)
$126,029 + $294,068
$420,097
2012
$2,696 (−8.9%)
$125,460 + $292,740
$418,200
2011
$2,959 (−1.8%)
$52,000 + $157,000
$209,000
2010
$3,015 (−19.1%)
$58,000 + $176,000
$234,000
2009
$3,727 (−20.6%)
$58,000 + $175,000
$233,000
2008
$4,695
$73,000 + $219,000
$292,000
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
3
Baths
2
Stories
1
Lot width
—
Lot depth
—
Lot size
9,583
Year renovated
2024
Sq. Ft.
1,232
Year built
1962
Style
Single Family Residential
County
Riverside County
APN
501162001
Parking Spaces
4
Basement
No
Accessible
No
HOA Dues
—
Garage
Yes
Features
Views, Green, Pool
Last updated by owner on Mar 30, 2026.
R1C
Single-Family Residential Zone
Established to provide a variety of low-density housing types and neighborhoods. Development standards are designed to provide protection and enhancement of the natural and urban setting consistent with the goals of the general plan.