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240 W Stevens Road — Palm Springs — 2 Beds • 3 Baths • 1,622 Sq Ft | Belmont Brokerage | Belmont Brokerage

Active

OPEN TODAY · 10:30AM – 1PM

+28 more

$885,000

13 DOM

$546/sqft2 bd3 ba1,622 sqftHOA ~795/mo

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240 W Stevens Rd Palm Springs, CA 92262

Discover the architectural allure of The Compound, an uncommon 12-unit townhouse enclave, adjacent to the prestigious Old Las Palmas neighborhood. This sophisticated residence has been completely reimagined with high-end appointments to match the ultimate Palm Springs lifestyle. Enter a refined mid-level foyer that introduces the home's unique split-level design. Upstairs, the living room features a fireplace and access to an expansive entertaining balcony. The sleek, efficient kitchen is anchored by a waterfall Caesarstone island with integrated seating, a pantry, and an open dining area. Both ensuite bedrooms are downstairs, with highly upgraded bathrooms. Even the garage has been elevated with fresh epoxy flooring and custom storage cabinetry. Super close proximity to multiple restaurants and the best bakery in town -- Bread and Flours. With only 12 neighbors and a location that offers a short, scenic stroll downtown, this property provides a rare "lock-and-leave" opportunity.

MLS 26671099PS

760-459-0057 (Office) 760-898-1544 (Cell) info@patrickstewartproperties.com

Est. payment

$6,450/mo

Principal & interestTaxesInsuranceHOA

$4,475$922$258$795

Down %

Rate %

Years

Down payment: $177,000 · Total cost: $1,788,015

Mortgage vs rent

Compare estimated owner carrying cost (same loan math as above) to a gross rent estimate from a price-based multiplier (not a comp lease).

Est. carrying cost$6,450/mo

Principal & interest: $4,475
Est. property tax: $922
Est. insurance: $258
HOA (normalized / mo): $795
Down payment: $177,000

Est. gross rent$3,688/mo

Gross rent ≈ list price ÷ (20 × 12). Adjust the multiplier to match how you underwrite (typical investor GRM bands are often ~16–24 for SFR, market-dependent).

Rent − carrying cost (illustrative)$-2,762/mo

Down payment20%

6.5% APR, 30-year amortization — same P&I formula as the payment calculator above.

Gross rent multiple (annual)20×

Not financial advice. Mortgage uses standard amortizing P&I; taxes and insurance are rough California-style estimates (1.25% / yr tax, 0.35% / yr insurance). Rent is gross (no vacancy or management); actual market rent requires comps or a lease listing.

Price History

Event	Date	Price	Change
Listed	Mar 31, 2026	$885,000	—

Facts & Features

Transaction Data

HOA Fee$795/monthly

Structure & Property

Year Built1985

Garage Spaces1

760-459-0057 (Office) 760-898-1544 (Cell) info@patrickstewartproperties.com

Sale & Tax History

No Recent Sales History

We didn't find any closed transactions for this property in the last 5 years.

Location

240 W Stevens Road, Palm Springs, CA 92262

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240 W Stevens Rd Palm Springs, CA 92262

About this home

P S Properties

Est. monthly payment

Mortgage vs rent

Price History

Facts & Features

Transaction Data

Structure & Property

P S Properties

Sale & Tax History

No Recent Sales History

Location

Location

Open Houses

Listing Agent

Presented by Belmont Brokerage Inc.

240 W Stevens Road, Palm Springs, CA 92262

About This Property

Property Photos

240 W Stevens Rd Palm Springs, CA 92262

About this home

P S Properties

Est. monthly payment

Mortgage vs rent

Price History

Facts & Features

Transaction Data

Structure & Property

P S Properties

Sale & Tax History

No Recent Sales History

Location

Location

Open Houses

Listing Agent

Presented by Belmont Brokerage Inc.