1635 E Palm Tree Dr Palm Springs, CA 92264
Deepwell Estates NeighborhoodEstimated payment $9,448/month
Total Views
10,149
4
Beds
3.5
Baths
3,743
Sq Ft
$414
Price per Sq Ft
Highlights
- Detached Guest House
- In Ground Pool
- Panoramic View
- Palm Springs High School Rated A-
- Solar Power System
- Midcentury Modern Architecture
About This Home
MAJOR Price Adjustment! Built in 1956, this 4 bedroom, 4 (ensuite) baths, extra large Mid-Century home is teeming with iconic Mid-Century architectural features, including Post and beam construction clerestory windows, a floating Terrazzo gas fireplace and a sunken bar. This home has an open living room, dining room and a family/TV room area. The kitchen is separate. This beautiful home sits on an oversized lot, one of the largest in Deepwell Estates, lush with sub tropical and drought resistance plants and a nest of over 30 Palm Tree types which thrive in the desert climate. Side yard boasts a citrus orchard with Meyer lemon, lemon, orange and blood orange trees. The attached Casita has a its own entrance and a kitchenette. Great for guests or for rental income. This home needs some renovation, however the roof and pool are newer and some plumbing and electrical have been addressed. This one-of-a-kind property is ready for you to make your own personal oasis in our magical desert. There are stunning panoramic views located in the heart of Deepwell Estates, sunsets and mountains can be viewed from virtually every room, including the Primary shower. Interior features include a large Primary suite with 2 huge walk in closets/dressing rooms (home is believed to have been built by a Radio City Rockette) and direct access to the pool area. There is fantastic separation of the Primary suite from the other bedrooms and the Casita. Great for those seeking privacy in a large home. The galley kitchen has a brick wall with an original built in brick oven, another mid century relic. There are 2 dining areas, including a breakfast nook with corner bench seats. The yard has many rare and exotic palm trees that are easy to maintain and documented by the Sellers. This home has Vacation Rental (STR) income potential as Deepwell Estates has an approximate 12% VR rate (subject to change, the cap rate for PS is 20%, so there is still room to begin the STR process with the City). Palm Tree is quiet, yet close to everything. Deepwell Estates is a long established and very desirable neighborhood with lots of mature trees and history, a historic and star studded neighborhood, many celebrities have called Deepwell Estates home over the years. It is a huge attraction during Modernism Week, featuring major tours. There is a wonderful, vibrant neighborhood organization known as DENO that has events throughout the year. While Palm Springs can be windy no matter where the location, Deepwell Estates is known as one of the least windy areas, surrounded by mountains on 3 sides. The owners have loved living in this home. There are approximately 3 years left on the Solar Lease, fully assumable, which has 39 panels, electricity is sold back to the Homeowner at a much lower rate then SCE. Buyer to verify all information, including but not limited to: square footage (which came from a recent Appraisal), all systems including the solar lease, schools, septic/sewer systems, alarm, vacation rental compliance, etc. Cameras are in use at the property. Please see Homeowner's statement attached.
Co-Listing Agent
Ginny Peacock
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $10,711
Year Built
- Built in 1956
Lot Details
- 0.35 Acre Lot
- Block Wall Fence
- Sprinkler System
- Property is zoned R1C
Property Views
- Panoramic
- Mountain
- Pool
Home Design
- Midcentury Modern Architecture
- Fixer Upper
- Flat Roof Shape
- Foam Roof
- Stucco
Interior Spaces
- 3,743 Sq Ft Home
- 1-Story Property
- Bar
- Gas Fireplace
- Living Room with Fireplace
- Dining Area
- Den
- Laundry Room
Kitchen
- Galley Kitchen
- Breakfast Area or Nook
- Convection Oven
- Range with Range Hood
- Dishwasher
- Disposal
Flooring
- Stone
- Porcelain Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- Walk-In Closet
- Dressing Area
- Double Vanity
- Bathtub with Shower
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 1 Car Attached Garage
- Circular Driveway
Pool
- In Ground Pool
- Spa
- Pool Tile
Utilities
- Central Heating and Cooling System
- Cooling System Mounted In Outer Wall Opening
- Heating System Mounted To A Wall or Window
- Property is located within a water district
- Septic Tank
Additional Features
- Solar Power System
- Open Patio
- Detached Guest House
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 508-451-005
Map
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Home Values in the Area
Average Home Value in this Area
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 | $10,711 | $1,530,065 | $236,257 | $1,293,808 |
| 2023 | $10,711 | $848,869 | $227,084 | $621,785 |
| 2022 | $10,924 | $832,226 | $222,632 | $609,594 |
| 2021 | $10,701 | $815,909 | $218,267 | $597,642 |
| 2020 | $10,217 | $807,543 | $216,029 | $591,514 |
| 2019 | $10,038 | $791,710 | $211,794 | $579,916 |
| 2018 | $9,848 | $776,188 | $207,642 | $568,546 |
| 2017 | $8,888 | $696,000 | $174,000 | $522,000 |
| 2016 | $7,544 | $595,000 | $149,000 | $446,000 |
| 2015 | $7,354 | $595,000 | $149,000 | $446,000 |
| 2014 | $6,867 | $549,000 | $137,000 | $412,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/24/2025 04/24/25 | Price Changed | $1,549,000 | -11.5% | $414 / Sq Ft |
| 03/14/2025 03/14/25 | Price Changed | $1,750,000 | -7.8% | $468 / Sq Ft |
| 02/28/2025 02/28/25 | For Sale | $1,899,000 | -- | $507 / Sq Ft |
Source: The MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $660,000 | Stewart Title Of California | |
| Grant Deed | $825,000 | Fidelity National Title Co | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $6,000,000 | Reverse Mortgage Home Equity Conversion Mortgage | |
| Closed | $400,000 | Adjustable Rate Mortgage/ARM | |
| Closed | $380,000 | Purchase Money Mortgage | |
| Previous Owner | $28,000 | Credit Line Revolving | |
| Previous Owner | $525,000 | Purchase Money Mortgage | |
| Previous Owner | $456,000 | Credit Line Revolving |
Source: Public Records
Similar Homes in Palm Springs, CA
Source: The MLS
MLS Number: 25502843PS
APN: 508-451-005
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© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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