NOT LISTED FOR SALE

500 W Arenas Rd Unit 8 Palm Springs, CA 92262

Historic Tennis Club Neighborhood

Estimated Value: $980,524 - $1,325,000

3 Beds
2.5 Baths
2,234 Sq Ft
3,485 Sq Ft Lot

Last Sold June 30, 2017

Last sale price $485,000 $217 Per Sq Ft

Est. 138% increase in value since last sale

Current estimated payment $7,025/month

Highlights

  • In Ground Pool
  • Midcentury Modern Architecture
  • Den
  • Palm Springs High School Rated A-
  • Mountain View
  • Air Conditioning

About This Home

As of March 2023

AVAILABLE 4/1/23 LONG-TERM - FURNISHED OR UNFURNISHED. Live inside Palm Springs history. This owner's unit is exemplary of Mid-Century Modern designer Herbert Burns' work. With 3 bedrooms, 2.5 bathrooms this pied-a-terre is fit for entertaining in Desert style. Known as the "Master of Light," Burns included 10 sky domes and wall-to-wall windows for ultimate exposure to natural light throughout. Iconic touches such as the wet bar, massage room, in-wall radio, and flip-top scale in the primary bath take one back to a different time. A private front patio looks out onto the pool and spa. Unit also includes 2 uncovered parkings spaces in addition to a private garage. Just minutes from all downtown has to offer, it's no wonder this masterpiece was previously featured in Palm Springs Modernism Week tours.

Last Agent to Rent the Property

Michelle Knutson

Compass License #02103223 Listed on: 03/06/2023

Compass

Co-Listed By

Amanda Hanna

License #02142694

Last Renter's Agent

Michelle Knutson

Compass License #02103223 Listed on: 03/06/2023

Compass

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $11,706

Year Built

  • Built in 1970

Lot Details

  • 3,485

Parking

  • 1 Car Garage
  • 2 Open Parking Spaces
  • Driveway
  • On-Street Parking
  • Assigned Parking

Home Design

  • Midcentury Modern Architecture

Interior Spaces

  • 2,234 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Dining Area
  • Den
  • Mountain Views

Kitchen

  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile
  • Terrazzo

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry closet
  • Dryer
  • Washer

Utilities

  • Air Conditioning
  • Central Heating

Additional Features

  • Spa
  • Open Patio
  • Gated Home

Listing and Financial Details

  • Security Deposit $13,500
  • 12 Month Lease Term
  • Assessor Parcel Number 513-501-008

Community Details

Recreation

  • Community Pool
  • Community Spa

Pet Policy

  • Call for details about the types of pets allowed

Condo Details

Home Type

Condominium

Est. Annual Taxes

$11,706

Year Built

Built in 1970

Lot Details

0

Parking

1

Rental Info

  • Furnished: Furnished Or Unfurnished
  • Security Deposit: 13500

Listing Details

  • Property Type: Residential Lease
  • Style: Mid-Century
  • Single Family Or Apt: Condo/Apt
  • Levels: One
  • Street Number Display: Yes
  • Advertising Remarks: AVAILABLE 4/1/23 LONG-TERM - FURNISHED OR UNFURNISHED. Live inside Palm Springs history. This owner's unit is exemplary of Mid-Century Modern designer Herbert Burns' work. With 3 bedrooms, 2.5 bathrooms this pied-a-terre is fit for entertaining in Desert style. Known as the "Master of Light," Burns included 10 sky domes and wall-to-wall windows for ultimate exposure to natural light throughout. Iconic touches such as the wet bar, massage room, in-wall radio, and flip-top scale in the primary bath take one back to a different time. A private front patio looks out onto the pool and spa. Unit also includes 2 uncovered parkings spaces in addition to a private garage. Just minutes from all downtown has to offer, it's no wonder this masterpiece was previously featured in Palm Springs Modernism Week tours.
  • Entry Location: Ground Level - no steps
  • Lease Terms: 1+Year
  • Living Area: 2234
  • Lot Acreage: 0.0800
  • Stories: 1
  • Year Built: 1970
  • Builders Tract Name: Tennis Club - 500 West
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Carpet, Terrazzo, Tile
  • Bedrooms: 3
  • Fireplaces: 1
  • Full Bathroom: 2
  • Half Bathroom: 1
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: In Closet
  • Total Bathrooms: 3.00
  • Equipment: Dryer, Microwave, Washer, Refrigerator, Dishwasher, Freezer, Garbage Disposal
  • Fireplace: Yes
  • Price Per S Q F T: 3.02

Exterior Features

  • Tennis Court Y/N: No
  • Pool Description: Association Pool
  • Pool: Yes
  • Spa: Association Spa
  • Spa Yn: Yes
  • View: Mountains
  • View: Yes

Garage/Parking

  • Garage Spaces: 1
  • Other Spaces: 2
  • Covered Parking: 1
  • Parking Garage: On street, Garage, Driveway, Assigned
  • Total Parking: 3

Utilities

  • Cooling: Air Conditioning
  • Heating: Central
  • Security: Gated

Association/Amenities

  • Amenities: Assoc Pet Rules, Spa, Pool
  • Pet Rules: Call

Lot Info

  • Assessor Parcel Number: 513-501-008
  • Lot Size Area: 3485

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 24, 2021
Sold by
Wasick David
Bought by
Sktk Investment Partners Llc
Current Estimated Value
$1,153,381

Purchase Details

Closed on
Feb 23, 2021
Sold by
Wasick David and The Bmw Revocable Trust
Bought by
Wasick David

Purchase Details

Listed on
Oct 17, 2016
Closed on
Jun 27, 2017
Sold by
R K Miller Investment Co Inc
Bought by
Wasick David
Seller's Agent
Sandra Quinn
Realty Trust
Buyer's Agent
Sandra Quinn
Realty Trust
List Price
$649,000
Sold Price
$485,000
Premium/Discount to List
-$164,000
-25.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.96%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Sktk Investment Partners Llc $887,500 First American Title Company
Wasick David -- First American Title
Wasick David -- First American Title Company
Wasick David $485,000 Chicago Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/13/2023 03/13/23 Rented $6,750 0.0% --
03/06/2023 03/06/23 For Rent $6,750 0.0% --
06/30/2017 06/30/17 Sold $485,000 -2.8% $217 / Sq Ft View Prior Sale
05/16/2017 05/16/17 Pending -- -- --
04/24/2017 04/24/17 Price Changed $499,000 -5.7% $223 / Sq Ft
04/14/2017 04/14/17 Price Changed $529,000 -5.4% $237 / Sq Ft
04/06/2017 04/06/17 Price Changed $559,000 -6.7% $250 / Sq Ft
03/18/2017 03/18/17 Price Changed $599,000 -2.9% $268 / Sq Ft
02/22/2017 02/22/17 Price Changed $617,000 -0.3% $276 / Sq Ft
02/07/2017 02/07/17 Price Changed $619,000 -4.6% $277 / Sq Ft
10/17/2016 10/17/16 For Sale $649,000 0.0% $291 / Sq Ft
06/25/2014 06/25/14 Rented $1,900 -24.0% --
06/23/2014 06/23/14 Under Contract -- -- --
01/20/2014 01/20/14 For Rent $2,500 -- --
Source: The MLS

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 $11,706 $960,656 $292,256 $668,400
2023 $11,706 $923,355 $280,908 $642,447
2022 $11,943 $905,250 $275,400 $629,850
2021 $6,545 $487,849 $146,890 $340,959
2020 $6,254 $482,847 $145,384 $337,463
2019 $6,148 $473,381 $142,534 $330,847
2018 $6,035 $464,100 $139,740 $324,360
2017 $2,138 $150,568 $17,966 $132,602
2016 $2,081 $147,616 $17,614 $130,002
2015 $1,989 $145,400 $17,350 $128,050
2014 $1,951 $142,554 $17,011 $125,543
Source: Public Records

Agents Affiliated with this Home

  • Michelle Knutson

    Landlord's Agent in 2023

    Michelle Knutson

    Compass

    (424) 230-3700

    19 Total Sales

    Michelle Knutson
    Section Image

  • A

    Landlord's Co-Listing Agent in 2023

    Amanda Hanna

    (760) 621-0395

    1 Total Sale

    Amanda Hanna
    Section Image
  • Paul Lester

    Buyer Co-Listing Agent in 2023

    Paul Lester

    The Agency

    (646) 884-2928

    57 Total Sales

    Paul Lester
    Section Image
  • Sandra Quinn

    Seller's Agent in 2017

    Sandra Quinn

    Realty Trust

    (760) 861-5150

    23 in this area

    107 Total Sales

    Sandra Quinn
    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 23-245431

The MLS

APN: 513-501-008

California Riverside County Palm Springs 92262 Historic Tennis Club

500 W Arenas Rd Unit 8, Palm Springs, CA

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.

The MLS © 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.
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.

Nearby Homes