521 Desert Way, Palm Springs, CA 92264
Local realty services provided by:CENTURY 21 Coastal Properties
521 Desert Way,Palm Springs, CA 92264
$1,357,900
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: faith messenger
Office: homesmart760-844-7500
MLS#:219150331DA
Source:CRMLS
Price summary
- Price:$1,357,900
About this home
Rare Palm Springs Demuth Park 5-Unit investment and owner -user opportunity . Beautifully renovated property offering immediate rental income, resort style living and exceptional zoning flexibility. This Desert Urban Retreat presents a unique opportunity. . Set on one of the areas most sought after streets, this 5 unit apartment building blends immediate potential income with comfort and sophistication with owner occupied living if you choose. . Located within walking distance to the new College of the Desert and the newly renovated Demuth Park which features a $7.5 million dollar investment that includes 22 new pickleball courts, large and small dog parks and entrance to the new valley wide CV Link. Nearby Prescott Reserve also adds value to the area., Currently you have 3 long term residents that offer dependable cash flow.R2 zoning adds valuable flexibility beyond traditional long term tenants Potential uses may include senior living, recovery retreats, assisted living, multi -generational housing, sober living ..all subjected to Palm Springs City approval. This is a turn key property with seller inventory list . All items outlined here are subjected to buyer verification . Buyer to participate in a seller 1031 Exchange at no cost to the buyer....
Contact an agent
Home facts
- Year built:1963
- Subdivision & Development:Demuth Park
- Listing ID #:219150331DA
- Added:102 day(s) ago
- Updated:October 26, 2026 at 11:13 AM
Rooms and interior
- Flooring:Tile
Heating and cooling
- Cooling:Central Air
- Heating:Forced Air
- Central air:Yes
Structure and exterior
- Year built:1963
- Lot area:0.23 Acres
- Lot Features:Landscaped
Finances and disclosures
- Price:$1,357,900
Features and amenities
- Pool features:In Ground
Parking
- Total parking spaces:8
New listings near 521 Desert Way
- Coming Soon
$1,435,000Coming Soon5 beds 5 baths2,550 sq. ft.2550 E Via Escuela, Palm Springs, CA 92262
MLS# 219154733DAListed by: COMPASS - Coming Soon
$769,000Coming Soon4 beds 3 baths2,517 sq. ft.1272 Vista Sol, Palm Springs, CA 92262
MLS# 219154707DAListed by: COMPASS - Coming Soon
$499,900Coming Soon3 beds 3 baths1,703 sq. ft.60055 Overture, Palm Springs, CA 92262
MLS# IG26218333Listed by: KELLER WILLIAMS REALTY - New
$1,795,000Active5 beds 6 baths2,965 sq. ft.537 W Yorba Road, Palm Springs, CA 92262
MLS# CL26103846PSListed by: SOLCAL RE - New
$5,875,000Active6 beds 9 baths7,131 sq. ft.467 W Via Lola, Palm Springs, CA 92262
MLS# CL26104237Listed by: COMPASS - New
$1,785,000Active4 beds 4 baths2,357 sq. ft.2248 E Amado Road, Palm Springs, CA 92262
MLS# 26990493PSListed by: BD HOMES-THE PAUL KAPLAN GROUP - New
$499,900Active2 beds 2 baths1,855 sq. ft.152 E Via Huerto, Palm Springs, CA 92264
MLS# SB26230631Listed by: REMAX AEGIS - New
$130,000Active3 beds 2 baths1,456 sq. ft.13 Tiki Drive, Palm Springs, CA 92264
MLS# 219154911DAListed by: HOMESMART - New
$1,095,000Active3 beds 2 baths1,463 sq. ft.2918 N Davis Way, Palm Springs, CA 92262
MLS# CL26102755Listed by: COMPASS - New
$735,000Active3 beds 2 baths1,855 sq. ft.984 Sundance Circle S, Palm Springs, CA 92262
MLS# 219154899PSListed by: REALTY TRUST