1988 E Sandalwood Drive, Palm Springs, CA 92262 (MLS # 219147427DA)
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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.
| DAYS ON MARKET | 1 | LAST UPDATED | 5/5/2026 |
|---|---|---|---|
| YEAR BUILT | 1972 | COMMUNITY | 332 - Central Palm Springs |
| GARAGE SPACES | 1.0 | COUNTY | Riverside |
| STATUS | Active | PROPERTY TYPE(S) | Condo/Townhouse/Co-Op |
| ADDITIONAL DETAILS | |
| AIR | Central Air, Electric, Heat Pump |
|---|---|
| AIR CONDITIONING | Yes |
| AMENITIES | Earthquake Insurance, Sewer |
| APPLIANCES | Dishwasher, Electric Cooktop, Microwave |
| AREA | 332 - Central Palm Springs |
| GARAGE | Attached Garage, Yes |
| HEAT | Central, Forced Air |
| HOA DUES | 725|Monthly |
| INTERIOR | Breakfast Bar, Open Floorplan, Recessed Lighting, Storage |
| LOT | 0 |
| LOT DIMENSIONS | 0 |
| PARKING | Attached, Assigned, Direct Access, Garage, Garage Door Opener |
| POOL | Yes |
| POOL DESCRIPTION | Private, Community, Electric Heat, In Ground |
| STORIES | 1 |
| VIEW | Yes |
| VIEW DESCRIPTION | Desert, Park/Greenbelt, Mountain(s) |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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