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1988 E Sandalwood Drive

Palm Springs, CA, 92262
Sagewood 👈🏼 community info

$529,000

Overview


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 P
MLS #
219147427DA
Listed on
2026-05-05
Status
Active
Price
$529,000
Type
Residential
Size of home
1050
Beds / Baths
2 / 2.00
Community
Location address
1988 E Sandalwood Drive
Palm Springs 92262

Video


General Information


Original List Price
$529,000
Price Per Sq/Ft
$504
Furnished
Yes
HOA Fee
$725
Land Type
Fee
Land Lease Expires
N/A
Association Amenities
Assoc Maintains Landscape, Greenbelt/Park, Guest Parking, Sport Court, Tennis Courts
Pool
Yes
Pool Description
Community, Fenced, Heated, In Ground
Spa
Yes
Spa Description
Community, Fenced, Heated, In Ground
Year Built
1972
Interior Features
Open Floor Plan, Recessed Lighting, Storage Space
Flooring
Cement, Ceramic Tile
Appliances
Cooktop - Electric, Microwave
Patio Features
Concrete Slab
Fireplace
No
Heating Type
Central, Forced Air
Cooling Type
Air Conditioning, Central, Electric, Heat Pump(s)
Parking Spaces
3
Parking Type
Assigned, Attached, Direct Entrance, Door Opener, Garage Is Attached
Management Name
Desert Management

Courtesy of: Marsha Kay McMahon-Jones / Redfin Corporation

Previous Sales Data For This Property


Sold Date Address List Date List Price List $ / Sq Ft Beds / Baths Days on Market Sold Price Sold $ / Sq Ft
2023-06-30 Thumbnail for 1988 E Sandalwood Dr 1988 E Sandalwood Dr 2023-05-18 $589,500 $561 2 / 2.00 4 $600,000 $571
2022-04-05 Thumbnail for 1988 E SANDALWOOD DR 1988 E SANDALWOOD DR 2022-03-17 $459,000 $437 2 / 2.00 2 $619,000 $590
Averages: $524,250 $499 3 $609,500 $580