Best Bargain in South Palm Springs: 222 E. Sonora Road

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SonoraFrt1This lovely sunny 1928 square foot home on a 10,019 square foot lot offers a split floorplan with 3 bedrooms and 3 full bathrooms. Can you believe it’s listed for only $425,000?  It is the best-priced home in the very desirable location in the south end Palm Springs community of Tahquitz River Estates, sandwiched between the Deepwell and Warm Sands neighborhoods. The seller is ready to down-size so it is priced right now, so buyers take a look! This is now going to sell quickly.

It is just up from S. Palm Canyon, and the walk-ability factor is high. So conveniently close to many hotspots in Palm Springs as well as shopping malls. You could say that this is in “Party Central” as the new Hacienda Cantina and Beach Club just opened up down the street offering a party pool with food and drink, along with entertainment. It’s owned by the same people who produce the famous Coachella Music and Art Festival. A mile to the left is the popular Ace Hotel and about a mile to the right is the Hard Rock Hotel. Party hearty! And public transportation is right around the corner, or you can just walk or ride your bike to everything including the downtown Palm Springs area which is going to be utterly fabulous when the new construction is done in about a year’s time.

You don’t have to be a Party Animal to love this beautiful home with good bones. There is plenty to love even if you prefer a more low-key lifestyle.  This spacious home was built in 1996 and features soaring cathedral ceilings, granite countertops in the kitchen, solar tubes to bring lots of natural sunlight into the kitchen, a split floor plan, a lush walled in backyard featuring many citrus trees, Spanish clay roof, lots of sunshine and convenience.

SonoraBck1The backyard offers privacy and mountain views as well as plenty of citrus fruits for the picking! The covered patio in the back (pictured) offers a nice area for dining al fresco and grilling up your favorite foods to savor.

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Inside the house, the kitchen is open to a breakfast nook and a den, while a formal dining area is adjacent. You’ll love the bull-nosed slab granite countertops.  All appliances are included.

sonorakit3Other features include an attached two car garage, and a large laundry room with space for an office area.

sonoralvgThere is plenty of sunshine throughout the house.

This and bordering neighborhoods has mostly single family residences with some small inns and a couple apartment buildings sprinkled throughout.

Just on the other side is the Plaza Del Sol with Stein Mart, a great place to buy new clothes and home decor at great prices, Miro’s Restaurant, an elegant European-style bistro and many other services.  The SmokeTree Plaza is a couple miles down the road Palm Canyon and it has all you need: Ralph’s Supermarket, all kinds of restaurants, banks, cleaners, you name it. It’s there. Up Sunrise is another plaza with plenty to offer, so you have your pick.

Plaza del SolAll the while you are surrounded by gorgeous mountain views and lush landscaping with towering, majestic palm trees.

This is an exceptional location in Palm Springs, not only for all the above listed reasons, but also because it is in a wind-free zone! It’s a great weather sweet spot in the desert. Sonora Road, like many of the roads in the Tahquitz River Estates community, is like a country road.

Now for some stats: as mentioned my featured listing at 222 E. Sonora Road is the BEST-priced home in Tahquitz River Estates, listed at $425,000 ($220 per sq ft!), with he list prices of homes in this area range from $425,000 to $895,000. There are only 9 active listings, and so inventory is obviously low. Buyers should make their move now if they are serious about owning a piece of this paradise.

As for SOLD property prices, they range from $357,000 to $835,000 in this same area for the past 6 month period.

This is a great home for anyone who wants to be in a convenient, beautiful, wind-free area! That could be YOU! Please call me to arrange a private showing on my cell: 760-587-6009.

If you are thinking of buying this property as an investment, for rough figures, I believe you can rent it long-term for about $2500 per month or short-term for about $5000 per month. You could rent it out AND enjoy it for yourself when it’s not rented. If you want your own private pool, there is plenty of room for one in the backyard, otherwise, you can just use the pool at the Hacienda Cantina and Beach Club, Ace Hotel or Hard Rock Hotel, to name a few choices.

This home offers the best of the easy Palm Springs lifestyle!

Here are a few parting photos of the brand new Hacienda Cantina and Beach House this is just around the corner which offers the use of the pool for FREE (for those aged 21 +), an outdoor DJ, outdoor and indoor bar areas and restaurant with delicious food and drinks:

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HaciendaRedCross

HaciendaMural

HaciendaDJ

 

 

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New Homes Being Bought in the Desert, from Palm Springs to Indio!

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The Morrison, new homes in downtown Palm Springs

The snowbirds are back and buying up real estate, since everyone loves a good deal.  From Palm Springs to Indio, there are not only great deals as in short sales and foreclosures but resales and new homes are often priced just as competitively by their sellers.

For example, the picture above is The Morrison, which is now selling like hotcakes, 6 today alone!

These brand new contemporary homes consist of three bedrooms and three bathrooms, approximately 2100 square feet, with high end fixtures and appliances included.  The price range is from the mid $400s to the mid $500s.

Close to the action of downtown Palm Springs, where no other place in the desert matches the nightlife!

On the other side of the valley, east Coachella Valley, there is Indio, one of the oldest desert communities, but which has experienced incredible growth over the last decade.

Indio is home to two world class polo clubs, world class music festivals including Coachella and Stagecoach, many restaurants, shopping malls, and all surrounded by breathtaking mountain views and towering palm trees.

One example of a fabulous value for home buyers is Whittier Ranch, a brand new home development with Tuscan and Spanish-style single family homes from 1674 to 2335 square feet of living space, starting in the low $200s. There are only 9 left now, and if you buy now, Whittier Ranch is paying for your closing costs and offering to give you a 46″ flat screen TV!

Right now, qualifying FHA buyers can get a 30 year fixed rate loan under 4% and with only $8047 down, you can own this home for less than $1300 per month!

Whittier Ranch home in Indio, CA

Clearly, now is a fantastic time to invest in real estate.  I am even working with investors who are buying fixers and fixing them, and flipping them, again!

 
If you have the cash, and cash is king, real estate is a tangible investment, and although there is always an element of risk in any financial investment, at these prices, I think it makes sense to invest in real estate today, provided you have a seasoned realtor such as myself to help you do the due diligence required to assure you that the particular property you are thinking about buying will be a smart investment. This applies also to those who will be needing a loan to purchase real estate. 

Trifecta Perfecta! The Desert, The City & The Beach

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Desert Living, fantastic in the winter months!

Southern California offers such a rich diversity of wonderful places to live! If you have the means, you can choose to also have a second or even third home! Why not?

A home in the desert, whether it’s your primary, secondary or tertiary, is very desirable for so many reasons, as people who have been here know.

During the winter and spring months, it’s simply divine weather here, for the most part.  Surrounded by mountains, groves of palm trees, blossoming trees and colorful flowers in great abundance, what is not to like? Rain is unusual, and so hiking, biking, golfing, tennis, swimming and horseback riding are the order of the day. Or watching polo games, shopping along El Paseo, dining at our many restaurants may be. It’s all up to you! At night, there are the casinos, or concerts and top entertainers at the McCallum Theatre, or take in a newly released hot movie. So much to do, so little time!

The fabulous modern contemporary home pictured above is in Palm Springs, however each desert city offers its own charms and attractions. Palm Springs has the world class cachet and world recognition, but some of the best luxury real estate in the desert can also be found in Palm Desert, Rancho Mirage, Indian Wells and La Quinta.

During the year, you might get the itch for some Big City excitement. What better place to go than the new L.A.Live area, the new Times Square West area, around the Staples Center of downtown LA?

Fabulous new condos in downtown LA!

I explored some of the new condos in downtown LA, and I was impressed! I took the photo above from the pool area of the EVO condos, a 24 story, eco-friendly constructed complex.  The two sister condo buildings at the left of the photo, the Elleven and the Luma condos sold out immediately when they were completed during the hey-day of real estate buying, just before the 2008 crash.  There are some resales in there now, some short sales and some foreclosures, for the bargain-hunting buyers.  However, at EVO, which is brand new construction, there are now only 30 units left to buy.  The great downtown location with all its entertainment venues, along with many amenities that come with the condos, and most importantly, the spectacular views afforded by the walls of glass, combined, make these condos quite attractive indeed! Prices at EVO start at around the low $500,000s.

I understand that it’s mostly owner-occupied in these condos, which attract mostly professionals who work in downtown LA, but also many empty nesters.

To step it up quite a few notches, there are the fabulous new condos at the Ritz-Carlton Residences.  This building can be seen to the far right of the photo above, and is a spectacular, blue-hued tower that sparkles at night.  I learned that they just closed escrow on their first condo residence just recently! About one third of the condos are still available, and most are still waiting to be completed.  These condos with spectacular floor to ceiling views have attracted top entertainment figures in music and sports, as well as those who can afford this level of luxury and want to be in the midst of all the excitement that L.A. Live has to offer.  Don’t forget the Walt Disney Hall is close by as well as too many interesting markets, venues, restaurants and attractions to list here!  Prices start at around $800,000 and the amenities are top-notch, as you can imagine!

Finally, on a hot day, where else would you want to be but at the beach?  And perhaps the most amazing stretch of beachfront properties to be found in the world are in Malibu!

To have a house on the beach in Malibu would be like a dream come true in many people’s minds, and there is quite the variety of homes to choose from along this rarified 27 mile stretch of shoreline.

Spectacular views from this newly built Malibu beach house!

Last time I looked, they were asking $14 million for this newly constructed home with this to-die-for view of the Pacific Ocean.  I have a feeling that if it is still available, it is listed for considerably less.  However it does have a great location on Malibu Road, very near Malibu Colony, which is gated and perhaps the priciest real estate in Malibu.

If you watch the Bravo show “Million Dollar Listing” like I do, you can see that there are spectacular houses on the beach in Malibu listed for in the $5 million range now. Amazing but true!

Now that our MLS encompasses real estate from the desert to the sea, I can help you make your dreams come true, from a fabulous desert getaway, to a condo in the midst of  the excitement of downtown LA, to the best beachfront property perhaps in the world!

Buy a Modern House: It’s Modernism Week in Palm Springs!

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Tangerine: Modern-inspired condos in the heart of Palm Springs

It’s Modernism Week in Palm Springs!  It runs from February 17 thru to February 27 this year. The website is http://www.modernismweek.com.

One of the worldwide attractions in Palm Springs is the abundance of desirable mid-century properties here, and not only the originals but new, up-dated homes inspired by the originals.

The originals were designed by such renowned architects as Albert Frey, John Lautner, William Krisel, Richard Neutra, Donald Wexler and others.

If you have fallen in love with the mid-century modern style of architecture, you have many choices of properties to buy to live in year round or just part-time during our glorious winter season, or to lease out, as an investment property.

You may want to buy an original and refurbish it, if you are a contractor and have the passion to take on such a project.  There are many sources here to help you achieve the perfect outcome.  To buy a foreclosed mid-century, you may be able to get one on the court steps for as little as in low $200,000s, or pick one up that is foreclosed and sold by an agent, for in the low  $300,000s.  Or you can pick one up that has been nicely refurbished for in the high $300,000s.  One that is has been completely redone will be higher depending on the improvements.

Here is one that was bought on the court steps for about the low $200,000s about a year ago, for example:

If you want the latest and greatest that new construction can offer, but with a mid-century modern flair, then there are plenty of choices in this category as well.

For instance, the condo complex Tangerine is in a great location, on Palm Canyon Drive, and across the street from the popular restaurant and bar DINK’S and offers brand, spanking new construction, with pools, casitas, views, and some even come furnished.  Prices start at around $650,000 completely designer furnished, OR for some that are unfinished and awaiting completion by your contractor or one that can be recommended by the developer, as little as $395,000.  These would need an additional $150,000 plus to complete.

The condos at Tangerine in Palm Springs

Another option are the OCEO condos on East Palm Canyon Drive, which are behind the popular Koffi cafe and next to the hip ACE Hotel and many other fun spots, shops and stores. These innovative and imaginative homes on fee land (meaning you own the land) range in price from $385,000 to $650,000.  The views are great of the mountains and palm trees.

Townhomes at OCEO in Palm Springs

Finally, I would like to call your attention to a brand new collection of homes at Tuscany Heights.  These single family estates, a total of 15, are inspired by Tuscany and are made of the most luxurious materials and offer fantastic views, unobstructed mountain views in the back and looking down on the valley in the front.  Priced at around $995,000, these would have previously sold for close to $2,000,000 plus during 2005!

Available now at Tuscany Heights, offered for $995,000

Needless to say, the choices of properties in Palm Springs and other desert cities are wide in range, and offer some of the best values possible in real estate, especially in a resort area.

Now is the time to buy, while it is still a Buyers’ Market!  Contact me to arrange a free consultation about achieving your real estate goals!