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2499 South Palm Canyon Drive, Palm Springs, CA 92264

$999K2bd · 2ba · 1,496 sqft
Lot 18,295 sqft•Single Family Residence•
Active
•150d on market•MLS# 00-26834541

Property Description

One of the most unique and affordable opportunities on an expansive 18,295 sq. ft. lot in the prestigious Indian Canyons neighborhood of South Palm Springs. Once owned by Fey's Canyon and long been said to have originally served as a William Krisel and Dan Palmer designed "clubhouse" for Canyon View Estates, this updated single family home with NO HOA is a captivating expression of Mid Century architecture and Palm Springs living. Enter into a dramatic great room crowned by an 8 beamed "Umbrella" ceiling and clerestory windows that flood the space with natural light and create an unforgettable architectural statement. The expansive living area offers exceptional flexibility for multiple seating arrangements and entertaining spaces, anchored by a stunning painted wall mural that adds warmth and artistic character. The primary suite enjoys beautiful mountain views, a large walk in closet, and an attached bath, while the guest bath features an oversized walk in shower with a picture window framing the surrounding hillside. The spacious updated kitchen and dining area showcases charming "peek a boo" windows overlooking the landscape along with generous counter space and abundant cabinetry. Outside, the breathtaking backyard becomes a private sanctuary tucked against the hillside with dramatic mountain views and a palm tree lined landscape stretching into the distance. Lounge beside the sparkling pool and spa, gather under the shaded gazebo, or enjoy evenings around the festive gas firepit. The setting is serene, magical, and quintessentially Palm Springs. The property offers remarkable versatility and may be enjoyed immediately as a full time residence, seasonal retreat, or successful vacation rental, as it has been in recent years. Yet perhaps even more exciting is the extraordinary future potential. Surrounded by multi-million dollar estates, this property presents a rare opportunity to create a truly spectacular gated luxury compound or reimagined architectural estate. The scale of the lot, the setting against the hillside, and the prestigious surrounding homes create tremendous upside for a buyer with vision. Additional highlights include a renewed land lease through 2080, 32 seller-owned solar panels, and a 10kWh battery system. There is simply nothing else like this in Indian Canyons. A rare architectural gem that offers charm, flexibility, income potential, and exceptional long term value in one of Palm Springs' most sought after neighborhoods. Sold completely turn-key.

Features & Amenities

Indian CanyonsLeaseBuilt 1968

Property Details

Subdivision
Indian Canyons
Land Type
Lease
Year Built
1968
Property Type
Residential
Property Subtype
Single Family Residence
Heating
Central
Cooling
Central Air
View
Mountain(s)
Roof
Foam
City
Palm Springs
Zip Code
92264
County
Riverside
Listed byKeller Williams Hollywood Hills, Frank Bruno

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$5,051.49
Principal & Interest
Loan Amount
$799,200
Total Interest
$1,019,336
Total Payment Over 30 Years
$1,818,536
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

About Indian Canyons

This property is located in Indian Canyons, a community in Palm Springs. Explore more listings in this neighborhood to compare options and pricing.

View Indian Canyons Listings

Comparative Market Analysis

Affordable Tier · 5 active · 5 closed

2499 South Palm Canyon Drive, Palm Springs, CA 92264

Indian Canyons · Palm Springs · Single Family Residence · Lease Land

$999K
Affordable Tier
Beds
2
Baths
2
Sqft
1,496
Lot
18,295 sqft
Year
1968
$/Sqft
$668
Pool: Yes✓
Spa: Yes✓
View: mountain✓

Listed 90.3% above the median closed sale of $524,900. Price per sqft ($668) is a 51% premium to closed comps ($443).

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $999K· $668/sqft
Total list price
Closed comps
vs closed median $525K
+$474K (+90.3%)
Active comps
vs active median $799K
+$200K (+25.0%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $535
+$133 (+25.0%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
2383 BellamyPalm Springs1972321,58410,890$504$799,00016368
2155 Bellamy RoadPalm Springs1978321,44910,019$496$719,00017867
3530 EastgatePalm Springs1960321,67710,019$476$799,00021965
373 SimmsPalm Springs1963321,45610,454$525$765,00027665
1334 San Joaquin DrivePalm Springs1964321,56010,454$672$1.05M38264
Total: 5 · Average3.02.01,545.210,367.2$534.6$826,200243.6
Median1,560$799,000

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
2911 Cypress RoadPalm Springs197209/23/2026321,5849,583$524,900$524,900$3311.006373
835 Farrell DrivePalm Springs197910/01/2026321,51617,424$899,000$885,000$5840.9818971
1163 Calle MarcusPalm Springs194710/02/2026221,5739,583$524,000$524,000$3331.001770
504 Laurel CirclePalm Springs195910/05/2026321,22510,019$825,000$800,000$6530.9714369
2300 Cerritos RoadPalm Springs195809/21/2026331,34410,454$450,000$425,000$3160.943467
Total: 5 · Average2.82.21,448.411,412.6$631,780$631,780$443.4—89.2
Median1,516$524,900$524,900

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.