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1988 E Sandalwood Drive, Palm Springs, CA 92262

$529,000
Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,050 Status: Active
Current Price: $529,000 List Date: 5/05/2026 Last Modified: 5/15/2026

Description

Welcome to Sagewood Condominiums, a celebrated mid-century community designed by renowned architect Donald Wexler which just received historic designation, offering potential eligibility for Mills Act tax benefits. . Sagewood is also 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. 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.

More Information MLS# 219147427

Listing, Location and Property Info

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

General Property Information

Fireplace: No Building # of Stories: 1 Pool: Yes Garage: Yes Garage Description: Attached Sprinklers: Yes Furnished: Turnkey Total Bedrooms: 2 3/4 Baths: 2 Approx SqFt: 1050 Total Baths: 2 SqFt Source: Assessor Lot Size Source: Assessor Year Built: 1972 Cross Streets: N Cerritos Rd

Listing Info

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

Tax Info

Tax Mello Roos: No

Property Info

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

Community Features

Sidewalks: 1

Sale Type

Standard: 1

Listing Terms

Cash: 1 Cash to New Loan: 1 Conventional: 1 Submit: 1

Parking Spaces/Information

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

View Type

Desert: 1 Mountain(s): 1 Park/Green Belt: 1

Irrigation

Drip System: 1

Disclosures

CC & R: 1 Earthquake Insurance Available: 1 Easements: 1 Historical Design: 1 Homeowners Association: 1

Levels

Ground: 1

Entry Location

Ground Level - No Steps: 1

Appliances

Dishwasher: 1 Electric Cooktop: 1 Microwave Oven: 1

Range Hood

No: 1

Kitchen Features

Pantry: 1 Quartz Counters: 1 Remodeled: 1

Eating Areas

Breakfast Counter/Bar: 1 Dining Area: 1

Bedroom Features

2 Primary Bedrooms: 1

Bathroom Features

2 Primary Baths: 1 Bidet: 1 Remodeled: 1 Shower Stall: 1 Tile Shower: 1

Flooring

Ceramic Tile: 1 Concrete: 1

Cooling Type

Air Conditioning: 1 Central Air: 1 Electric: 1 Heat Pump: 1

Pool Location

Community: 1

Pool Construction

In Ground: 1

Pool Description

Community: 1 Fenced: 1 Heated: 1 In Ground: 1

Spa/Hot Tub Construction

In Ground: 1

Spa/Hot Tub Description

Community: 1 Fenced: 1 Heated: 1

Heating

Central: 1 Forced Air: 1

Rooms

Dining Area: 1 Living Room: 1

Interior Features

Open Floorplan: 1 Recessed Lighting: 1 Storage: 1

Laundry

In Bathroom: 1

Security Safety

Exterior Security Lights: 1

Patio Features

Concrete Slab: 1

Sewer

In Street Paid: 1

Parking

Assigned: 1 Direct Entrance: 1 Garage Door Opener: 1

HOA Information

HOA: Yes HOA Fee 1: 725

Association Amenities

Greenbelt/Park: 1 Guest Parking: 1 Maintenance Grounds: 1 Sport Court: 1 Tennis Courts: 1

Association 1 Frequency

Monthly: 1

Association Fees Include

Building & Grounds: 1 Cable TV: 1 Earthquake Insurance: 1 Insurance: 1 Maintenance Paid: 1 Sewer: 1 Water: 1

Association Information

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

Land Lease Type

Fee Simple: 1

DPR

DPR Eligible: Yes

Listing Location and Property Info

APN: 507421024 Status: Active Listing Date: 2026-05-05 Original List Price: 529000 List Price: $529,000 Current Price: $529,000 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

Status Change Info

Status Change Date: 2026-05-05

Parking SpacesInformation

Total Garage Spaces: 1 Total Parking Spaces: 3

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 Office: Redfin Corporation
Listing Agent: Marsha Kay McMahon-Jones
Last Updated: May - 15 - 2026
Information deemed reliable but not guaranteed.

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