NOT LISTED FOR SALE

580 W Panga Way Unit 3 Palm Springs, CA 92262

Historic Tennis Club Neighborhood

Estimated Value: $2,615,000 - $4,795,000

4 Beds
5 Baths
3,783 Sq Ft
$957/Sq Ft Est. Value

Last Sold November 30, 2023

Last sale price $500,000 $132 Per Sq Ft

Est. 624% increase in value since last sale

Current estimated payment $22,660/month

43 Days on Market

Highlights

  • Heated In Ground Pool
  • Mountain View
  • 3 Car Attached Garage
  • Palm Springs High School Rated A-
  • Furnished
  • Side by Side Parking

About This Home

As of November 2023

Own one-eighth of this professionally managed, turnkey home. This head-turning 4-bedroom, 5-bath home lies in the heart of Palm Springs' Historic Tennis Club neighborhood. The sophisticated single-level home offers stunning views of the San Jacinto Mountains and expansive entertaining spaces inside and out. Vast and vaulted, the bright great room features a wall of windows with unobstructed sightlines to the private outdoor space with a distinctive focal point: a sparkling lap pool with six arcing fountains and a spa. The great room also features a striking free-standing fireplace with round stainless steel hood. The sleek look continues in the kitchen with stainless appliances, modern cabinetry, a massive island and a wall that opens to a covered patio space for dining and relaxing. The home has four sleek bedroom suites, ensuring there's plenty of space for everyone to have their own private oasis. Solar panels on the roof are perfect for sunny Palm Spring days. In addition to being next to the Tennis Club, this property is close to hiking trails and downtown Palm Springs. The home comes fully furnished and professionally decorated.

Last Agent to Sell the Property

Joseph Maehler

Pacaso Inc. License #01457093 Listed on: 10/17/2023

Last Buyer's Agent

Joseph Maehler

Pacaso Inc. License #01457093 Listed on: 10/17/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $43,497

Year Built

  • Built in 1970

Lot Details

  • 0.27 Acre Lot
  • Sprinklers on Timer

Property Views

  • Mountain
  • Pool

Interior Spaces

  • 3,783 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Ceiling Fan
  • Free Standing Fireplace
  • Family Room
  • Living Room with Fireplace
  • Dining Room

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Parking

  • 3 Car Attached Garage
  • Side by Side Parking
  • Garage Door Opener

Pool

  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Gunite Pool
  • Outdoor Pool
  • Gunite Spa

Schools

  • Cahuilla Elementary School
  • Raymond Cree Middle School
  • Palm Springs High School

Utilities

  • Forced Air Zoned Heating and Cooling System

Community Details

  • The Tennis Club Condos Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$43,497

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Attached/Detached: No
  • Levels: One
  • Building Number Of Stories: 1
  • List Price per Sq Ft: 143.27
  • Lp Sp Ratio: 0.9200
  • View Type: Mountain(s), Pool
  • Year Built: 1970
  • Listing I D: 219101451
  • Listing Member Address: 4812 Cortland Dr, Corona Del Mar, CA 92625
  • Listing Office Address: 4812 Cortland Dr, Corona Del Mar, CA 92625
  • Selling Member Address: 4812 Cortland Dr, Corona Del Mar, CA 92625
  • Selling Office Address: 4812 Cortland Dr, Corona Del Mar, CA 92625
  • Street Direction: W
  • Land Type: Fee
  • New Construction: No
  • Subdivision: The Tennis Club Condos
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Fireplace Location: Living Room
  • Fireplace Features: Free Standing
  • Flooring: Carpet, Tile
  • Total Bedrooms: 4
  • One Quarter Bathrooms: 1.00
  • Total Bathrooms: 5.00
  • Full Bathrooms: 4
  • Estimated Sq Ft: 3783.00

Exterior Features

  • Pool: Yes
  • Pool Construction: In Ground
  • Pool Description: Heated, In Ground, Gunite
  • Pool Location: Private
  • Planned Unit Development: No
  • Spa Hot Tub: Yes
  • Spa Hot Tub Construction: Gunite, In Ground
  • Spa Hot Tub Description: Heated, Private
  • View: Yes

Garage/Parking

  • Garage: Yes
  • Garage Description: Attached
  • Parking: Side By Side, Garage Door Opener
  • Total Covered Spaces: 3.00
  • Total Garage Spaces: 3.00
  • Total Parking Spaces: 9.00
  • Total Uncovered Assigned Spaces: 3.00

Utilities

  • Cooling Type: Air Conditioning, Zoned, Central Air, Ceiling Fan(s)
  • Heating: Central, Zoned, Forced Air, Fireplace(s)
  • Sewer: In, Connected and Paid

Lot Info

  • Sprinklers: Yes
  • Irrigation: Sprinkler System, Sprinkler Timer
  • Lot Size: 11761.00

Rental Info

  • Furnished: Furnished
  • Land Lease Type: Fee Simple

Tax Info

  • Mello Roos: Unknown

Multi Family

  • Total Fireplaces: 1

MLS Schools

  • Elementary School: Cahuilla
  • High School: Palm Springs
  • Junior Middle School: Raymond Cree

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 17, 2021
Sold by
Mccabe Barry and The Barry Mccabe Living Trust
Bought by
Pac 8 Ca 2021 Llc
Current Estimated Value
$3,618,667

Purchase Details

Closed on
Feb 25, 2015
Sold by
Red Gate Llc
Bought by
Mccabe Barry and The Barry Mccabe Living Trust

Purchase Details

Closed on
Oct 17, 2008
Sold by
Sobol Max S
Bought by
Red Gate Llc

Purchase Details

Closed on
Apr 5, 2007
Sold by
Sobol Max S and Heynen Robert R
Bought by
Sobol Max S and Heynen Robert R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$896,000
Interest Rate
6.2%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 12, 2007
Sold by
Gaudineer Jim and Padilla Tony
Bought by
Sobol Max S and Heynen Robert R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$896,000
Interest Rate
6.2%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 28, 2004
Sold by
Melton James and Melton Dana
Bought by
Gaudineer Jim and Padilla Tony

Purchase Details

Closed on
Oct 28, 1998
Sold by
Melton James and Melton Dana
Bought by
Melton James and Melton Dana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,150
Interest Rate
6.5%

Purchase Details

Closed on
Oct 25, 1998
Sold by
Melton James and Melton Dana
Bought by
Melton James and Melton Dana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,150
Interest Rate
6.5%
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
Pac 8 Ca 2021 Llc $3,350,000 North American Title Co Inc
Mccabe Barry $1,600,000 Wfg Title Company
Red Gate Llc -- None Available
Sobol Max S -- Accommodation
Sobol Max S $1,295,000 Southland Title
Gaudineer Jim $945,000 Chicago Title Co
Melton James -- Fidelity National Title Ins
Melton James -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sobol Max S $896,000
Previous Owner Melton James $227,150
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/30/2023 11/30/23 Sold $500,000 -7.7% $132 / Sq Ft
11/29/2023 11/29/23 Pending -- -- --
10/17/2023 10/17/23 For Sale $542,000 -- $143 / Sq Ft
Source: California Desert Association of REALTORS®

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 $43,497 $3,626,146 $1,087,844 $2,538,302
2023 $43,497 $3,485,340 $1,045,602 $2,439,738
2022 $44,394 $3,417,000 $1,025,100 $2,391,900
2021 $24,191 $1,861,819 $621,779 $1,240,040
2020 $23,082 $1,842,729 $615,404 $1,227,325
2019 $22,676 $1,806,598 $603,338 $1,203,260
2018 $22,244 $1,771,175 $591,508 $1,179,667
2017 $21,912 $1,736,447 $579,910 $1,156,537
2016 $20,379 $1,624,400 $568,540 $1,055,860
2015 $14,504 $1,178,627 $375,016 $803,611
2014 $12,974 $1,042,000 $332,000 $710,000
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2023

    Joseph Maehler

    Pacaso Inc.

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Map

Source: California Desert Association of REALTORS®

MLS Number: 219101451

California Desert Association of REALTORS®

APN: 513-181-017

California Riverside County Palm Springs 92262 Historic Tennis Club

580 W Panga Way Unit 3, Palm Springs, CA

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