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.