




1988 E Sandalwood Drive, Palm Springs, CA 92262
Welcome to Sagewood Condominiums, a celebrated mid-century community designed by renowned architect Donald Wexler and slated to be featured on the 2027 Modernism Week Tour. This highly successful 5-star Airbnb has generated approximately $87K in gross revenue since February 2024, with a local Superhost co-host available to continue management--making this an exceptional turnkey investment opportunity. Historic designation is currently in progress, offering potential eligibility for Mills Act tax benefits. This open-concept, ground-floor single-level end unit showcases a dramatic 12-foot multi-slide wall of glass that seamlessly connects the interior to an expansive private patio--perfect for indoor-outdoor entertaining. The sleek, modern kitchen features quartz countertops, stainless steel appliances, European dishwasher, oversized island, and a peninsula perfect for casual dining or prep. Offered turnkey furnished for immediate enjoyment or rental income. Both ensuite bedrooms offer custom closet systems and beautifully updated tile baths with walk-in showers. Design-forward finishes include polished concrete floors, recessed lighting, dual-pane windows and sliders, and a tankless water heater with softening system. A one-car garage, additional parking space, and ample storage complete the package, along with a full electrical panel and grounding system replacement (2025). Set across 19 acres of fee-simple land, Sagewood's lush greenbelts, mature desert landscaping, and vibrant gardens create a serene, park-like setting. Sagewood offers three heated pools and spas, tennis, pickleball, and a vibrant social atmosphere. Ideally located just minutes from downtown Palm Springs - close to world-class shopping, dining, and entertainment with easy access to El Paseo, Acrisure Arena, Cotino, the Indian Wells Tennis Garden, PGA West, and the Coachella and Stagecoach festival grounds. A rare opportunity to own an architectural icon with strong income potential and timeless Palm Springs appeal.
Bedrooms
2
Bathrooms
2
Square Feet
1,050
Year Built
1972
Property Type
Condominium
Days on Market
1
HOA Fee
$725/mo
Garage Total
1
MLS #
219147427DA
Interior Features
Breakfast Bar, Separate Formal Dining Room, Furnished, Open Floorplan, Recessed Lighting, Storage, Multiple Primary Suites
Flooring
Concrete, Tile
Appliances
Dishwasher, Electric Cooktop, Microwave
Cooling
Central Air, Electric, Heat Pump
Heating
Central, Forced Air
Total Parking Spaces
3
Garage Spaces
1
Open Parking Spaces
1
Attached Garage
Yes
Parking Features
Assigned, Direct Access, Garage, Garage Door Opener
Patio & Porch
Concrete
Security
Security Lights
Lot Features
Drip Irrigation Bubblers
Pool Features
Community, Electric Heat, In Ground
Spa Features
Community, Heated, In Ground
Earthquake Insurance, Sewer
Sport Court, Maintenance Grounds, Insurance, Tennis Courts, Cable Tv, Water
Pool
$0
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Balanced market
Avg. time on market
This is a Balanced Market. Homes are selling at a moderate pace.
Flood Risk
Minimal — not in a FEMA flood zone
Wildfire Risk
Moderate — near wildland-urban interface
Heat Risk
Low — moderate summer temperatures
Earthquake Risk
Southern California seismic zone
Based on price, location, and features
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