Leonard (Leo) Diaz

242 Cerritos Drive

Palm Springs, CA
$ 1,199,000 Beds 3 Baths 2 Sq 1,301
Monthly Estimate* How much can I afford?

Welcome to this beautifully reimagined Jack Meiselman designed residence in the Sunrise Park neighborhood of Palm Springs. Currently being utilized as a successful Airbnb! Set on an exceptionally private lot on a quiet street framed by breathtaking Mountain View's everywhere you turn. From the front of the home to the backyard oasis, this property showcases the timeless simplicity and clean lines Meiselman architecture is known for. Inside you will find polished concrete floors, expansive newer windows, and a striking gas glass fireplace. The thoughtfully updated kitchen features stainless steel appliances, slow-close cabinetry, a wine fridge, and modern finishes designed for effortless entertaining. The spacious primary suite offers direct private access to the backyard, while both bedrooms enjoy beautiful mountain views. Designed for seamless indoor-outdoor living, the backyard is a private desert sanctuary surrounded by mature ficus hedging and enhanced landscaping. Enjoy the kidney-shaped pool and spa with upgraded oversized equipment and an expanded gas line for faster heating, a newly installed putting green, firepit lounge area with mountain views, citrus trees, updated garden lighting, and multiple spaces to relax and entertain. The pool deck was also refinished approximately four years ago, further enhancing the resort-style feel. Additional upgrades and amenities include OWNED SOLAR with newly installed panels, newer AC, tankless water heater, smart home features, security cameras, freshly painted exterior, stackable washer and dryer, tiled showers, covered parking behind a private electric gate, and a newly installed MyQ automated gate control system allowing remote access directly from your phone. Whether you are seeking a full-time residence, luxurious desert getaway, or income-producing vacation rental, this exceptional Palm Springs property on land that you OWN offers architectural significance, extensive upgrades, privacy, and proven rental performance all in one remarkable package. Furnishings are negotiable outside of escrow. This successful Airbnb retreat has earned over 50 five-star guest reviews and offers the perfect blend of investment potential, design pedigree, and resort-style living!

Active

  • Price
  • $ 1,199,000
  • City
  • Palm Springs
  • Bedrooms
  • 3
  • Full Bathrooms
  • 2
  • County
  • Riverside
  • Half Bathrooms
  • 0
  • Area
  • Palm Springs Central
  • Lot Size
  • 0.23 Acres
  • Zip
  • 92262
  • Sqr Footage
  • 1,301
  • Year Built
  • 1955
  • Style
  • Mid Century Modern
  • MLS#
  • PS26838319
Listed By: Coldwell Banker Realty
Data Source: California Desert Association of REALTORS® (CDAR)

Features

General

Living Area 1301
Heating Fireplace(s)
Cooling Central Air
Zoning R1C
Architectural Style Mid Century Modern
Pool Features Heated,In Ground
Security Features 24 Hour Security
Exclusions Seller Exclusion List. Furniture available outside of escrow.
Year Built 1955
View Mountain(s)
Levels One
Property Subtype Single Family Residence
County Riverside
New Construction false
Property Type Residential
Association Amenities Pool
HOA false
Attached Garage false
Subdivision Name Sunrise Park
Status Active
City Palm Springs
Senior Community Y/N false
MLS Area 332 - Palm Springs Central
Lot Size Units Square Feet
Lot Size Square Feet 10019
Spa Features In Ground
Land Lease Y/N false
Property Condition Updated/Remodeled
Standard Status Active

Interior Features

Interior Amenities Ceiling Fan(s),Remodeled Kitchen
Fireplace Features Fire Pit,Living Room
Total Stories 1
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N true
Laundry Features Dryer Included,Washer Included
Total Baths 2

Exterior Features

Fencing Electric
Parking Features Carport,Covered
Lot Features Back Yard
Lot Size Area 10019
Spa true
Building Area Total 1301
Lot Dimensions 100x102
Lot Size Acres 0.23

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Palm Desert, CA office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School
High School Unknown High School

Price History

5/26/2026 Listed $1,299,000
6/15/2026 2% - $1,275,000
6/24/2026 2% - $1,250,000
8/31/2026 4% - $1,199,000

Property vs Zip Code Average in 92262

Price
AVG $1.28M
$1.2M
Year Built
AVG 1985
1955

In The Neighborhood

Areas That We Cover

242 Cerritos Drive Palm Springs, CA is a Single Family Home for sale at $1199000 with 1301 sqft and a lot size of 0.23 Acres Acre(s). 242 Cerritos Drive Palm Springs has 3 bedrooms, 2 baths and was built in 1955. The property's zip code is 92262 which is in Palm Springs, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Leonard (Leo) Diaz

Leonard (Leo) Diaz

Sales Agent

760-702-5777

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