NOT LISTED FOR SALE

1333 N Indian Canyon Dr Palm Springs, CA 92262

Estimated Value: $1,460,883

11 Beds
11 Baths
5,500 Sq Ft
$266/Sq Ft Est. Value

Last Sold January 22, 2023

Last sale price $1,430,000 $260 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $9,586/month

128 Days on Market

Highlights

  • In Ground Pool
  • Mountain View
  • Ceiling Fan
  • Palm Springs High School Rated A-

About This Home

As of January 2023

Welcome to 'The Tiki Hotel.' Designed and built in 1961, this 11-room boutique style resort is formally known as 'The Carlton Hotel,' and has been a Palm Springs staple among local and global travelers alike. Fully revamped in 2019 by 'The Diva of The Desert' Tracy Turco, with Tiki-themed furnishings and tropical inspired decor at every glance. Turco is famous for her vibrant use of color and glamorous finishes that complement the mid-century modern style in which the desert is known for. Each room comes complete with luxurious bamboo King beds, flat panel TV's, refreshing bathrooms with retro orange sinks, posh style mini-fridges, lava lamps, and even a ukulele to fully embrace the tropical island vibe. The Tiki Hotel is a 21+ adult only environment that offers plenty of ways for their guests to feel fully relaxed while on vacation. Enjoy a peaceful and zen experience when entering the 'Tiki Tea Room' with specialty teas made from Turco's own collection. Stroll through the 'Tracy Turco Boutique' where you can purchase unique collectables and one of a kind Tracy Turco merchandise. Soak in the desert sun or enjoy the mountain views while lounging by the pool or outdoor firepits. This prime location near Downtown Palm Springs offers close proximity to upscale retail stores, restaurants and bars with live entertainment for those who enjoy the desert nightlife.

Last Agent to Sell the Property

Adam Gilbert

The Firm Brokerage License #01914157 Listed on: 07/25/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,709

Year Built

  • Built in 1956

Lot Details

  • 8,276

Property Views

  • Mountain
  • Pool

Interior Spaces

  • 5,500 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Security Lights

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 11 Full Bathrooms

Parking

  • 3 Car Parking Spaces
  • 3 Parking Garage Spaces
  • On-Street Parking

Additional Features

  • In Ground Pool
  • 8,276 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 505184014

Community Details

Overview

  • 11 Units
  • El Mirador Subdivision

Recreation

  • Community Pool

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,709

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Attached/Detached: No
  • Levels: Two
  • List Price per Sq Ft: 418.18
  • Lp Sp Ratio: 0.6200
  • View Type: Mountain(s), Pool
  • Year Built: 1956
  • Internal Listing I D: 20220726165155467369000000
  • Listing I D: 219082382
  • Listing Member Address: 431 S Palm Canyon Drive, Suite 206, Palm Springs, CA 92262
  • Listing Office Address: 431 S Palm Canyon Drive, Suite 206, Palm Springs, CA 92262
  • List Office Board Code: Palm Springs Association of Realtors
  • Selling Office Address: 12116 Falcon Crest Way, NORTHRIDGE, CA 91326
  • Street Direction: N
  • Land Type: Fee
  • Subdivision: El Mirador
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bedrooms: 11
  • Total Bathrooms: 11.00
  • Full Bathrooms: 11
  • Estimated Sq Ft: 5500.00

Exterior Features

  • Pool: Yes
  • Pool Construction: In Ground
  • Pool Description: In Ground
  • Pool Location: Community
  • View: Yes

Garage/Parking

  • Parking: On Street
  • Parking Info Total Parking Spaces: 3.00
  • Total Uncovered Assigned Spaces: 3.00

Utilities

  • Number Electric Meters: 1
  • Number Water Meters: 1
  • Cooling Type: Ceiling Fan(s)
  • Security: Exterior Security Lights
  • Number Gas Meter: 1

Lot Info

  • Assessor Parcel Number: 505184014
  • Lot Size: 8276.00

Rental Info

  • Land Lease Type: Fee Simple

Multi Family

  • Total Units: 11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 25, 2022
Closed on
Dec 2, 2022
Sold by
T & T 1333 Llc
Bought by
Tiki Ps Llc
Seller's Agent
Adam Gilbert
The Firm Brokerage
List Price
$2,250,000
Sold Price
$1,430,000
Premium/Discount to List
-$820,000
-36.44%
Current Estimated Value
$1,460,883

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,883
Avg. Annual Appreciation
0.83%
Original Mortgage
$807,000
Interest Rate
6.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 20, 2019
Sold by
Turco Jerry and Turco Tracy
Bought by
T & T 1333 Llc

Purchase Details

Closed on
Mar 8, 2019
Sold by
Spunt Herbert A
Bought by
Turco Jerry and Turco Tracy

Purchase Details

Closed on
Aug 11, 2007
Sold by
Spunt Robert A and Spunt Linda
Bought by
Spunt Herbert A
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Tiki Ps Llc $1,430,000 Chicago Title
T & T 1333 Llc -- Accommodation
Turco Jerry $594,000 Lawyers Title
Spunt Herbert A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tiki Ps Llc $1,326,000
Closed Tiki Ps Llc $807,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/22/2023 01/22/23 Sold $1,430,000 -37.8% $260 / Sq Ft
11/30/2022 11/30/22 Pending -- -- --
11/12/2022 11/12/22 Price Changed $2,300,000 +2.2% $418 / Sq Ft
09/15/2022 09/15/22 For Sale $2,250,000 0.0% $409 / Sq Ft
09/15/2022 09/15/22 Price Changed $2,250,000 +57.3% $409 / Sq Ft
08/05/2022 08/05/22 Off Market $1,430,000 -- --
07/25/2022 07/25/22 For Sale $2,500,000 -- $455 / Sq Ft
Source: Greater Palm Springs Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $19,709 $1,487,772 $260,100 $1,227,672
2023 $19,709 $624,134 $260,691 $363,443
2022 $9,876 $611,897 $255,580 $356,317
2021 $9,709 $599,900 $250,569 $349,331
2020 $9,352 $593,750 $248,000 $345,750
2019 $5,372 $313,145 $161,495 $151,650
2018 $7,440 $309,078 $158,329 $150,749
2017 $7,307 $303,059 $155,225 $147,834
2016 $6,010 $297,158 $152,182 $144,976
2015 $4,860 $292,728 $149,898 $142,830
2014 $4,689 $287,035 $146,962 $140,073
Source: Public Records

Agents Affiliated with this Home

  • Adam Gilbert

    Seller's Agent in 2023

    Adam Gilbert

    The Firm Brokerage

    (760) 327-1285

    71 Total Sales

    Adam Gilbert
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Map

Source: Greater Palm Springs Multiple Listing Service

MLS Number: 219082382

Greater Palm Springs Multiple Listing Service

APN: 505-184-014

California Riverside County Palm Springs 92262

1333 N Indian Canyon Dr, Palm Springs, CA

This home is located at 1333 N Indian Canyon Dr, Palm Springs, CA 92262 since 25 July 2022 and is currently estimated at $1,460,883, approximately $265 per square foot. This property was built in 1956. 1333 N Indian Canyon Dr is a home located in Riverside County with nearby schools including Katherine Finchy Elementary School, Raymond Cree Middle School, and Palm Springs High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Greater Palm Springs Multiple Listing Service IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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