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Welcome to the ultimate Palm Springs turn-key short-term rental investment, secondary home, or primary residence: a bright, 1970s Spanish-style home on a quiet cul-de-sac street in the desirable Los Compadres neighborhood of South Palm Springs with a huge 12,197 square foot lot. The neighborhood is well under the short-term rental cap and is eligible to be permitted. The lease is currently in the process of being extended to 2067! This beautiful property is located down the street from the Prescott Preserve for outdoor lovers. The home has been updated across the board with exquisite finishes and comes fully furnished with premium furniture and decor. The main living area boasts high vaulted ceilings, large windows and sliders, and a stunning fireplace with floating shelves. The new chevron floors add to the unique, mid-century modern feel of the home. The kitchen has been completely reimagined with waterfall quartzite countertops, two peninsulas with seating on either side, all new appliances, and a custom floor-to-ceiling pantry. Step outside and dive into your pool, relax in the hot tub, hang out on the brand-new deck, or pick fresh lemons and grapefruits from your mature trees. The backyard is an oasis full of different seating options to watch the sunset over the unobstructed San Jacinto mountains - no power lines in the way! You're surrounded by a newly designed desert landscape with a drip system. The en-suite primary and guest bathrooms have beautiful double vanities and newly tiled floors. The primary bedroom fits a king-sized bed and side tables and has a large walk-in closet. The two additional queen-sized bedrooms each have wall-to-wall closet space and ample light. The two-car garage has an incredible amount of built-ins for additional storage and a washer and dryer. The home is move-in ready, whether you're looking for your primary residence, vacation home, or AirBnb. Come see for yourself what this rare find has to offer
Listing agent: Daniel Buchino Jr DRE #02181694 daniel.buchino@avenue8.com, Listing office: Avenue 8 Inc.
MLS data updated 10/22/2026, 4:44:26 PM PT
Source: CRMLS, MLS #: 22226093
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Jun 8, 2023
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$1,158,300Closed sale · Jun 8, 2023ZIP 92264 · Jun 2023
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.