263 E Morongo Road, Palm Springs, CA 92264
263 E Morongo Road, Palm Springs, CA 92264
Property Description
$200K PRICE REDUCTION! UNLIMITED POTENTIAL WITH SOME MINOR UPGRADES. CURRENTLY USED AS A SHORT TERM RENTAL. Call listing office for availability. Offered furnished, this exceptional mid-century modern home is located in the highly sought-after Tahquitz River Estates neighborhood of South Palm Springs. Beautifully appointed and tastefully decorated, the residence blends timeless architectural style with modern comfort. The gourmet chef's kitchen is the heart of the home, featuring an expansive center island, built-in refrigerator, Viking cooktop, and double wall ovens--ideal for entertaining family and friends. The open-concept floor plan offers a formal living room with soaring ceilings that flows seamlessly into a spacious family room and a versatile bonus room currently used as a home office. Elegant 24'' x 24'' white porcelain tile flooring and plantation shutters enhance the home's sophisticated design throughout. Sliding glass doors from most rooms create effortless indoor-outdoor living, opening to multiple patio areas, lush mature landscaping, and stunning west-facing views of the San Jacinto Mountains. A new Owens Corning roof, installed in May 2021, provides added value and peace of mind. In addition to being an exceptional primary or seasonal residence, this property has been a successful short-term vacation rental. Tahquitz River Estates continues to have short-term vacation rental certificate availability, making it an attractive opportunity for buyers seeking investment potential. Many Palm Springs neighborhoods have reached their permit limits and maintain waiting lists, adding to the appeal of this location. Ideally situated just minutes from vibrant downtown Palm Springs, the home offers convenient access to acclaimed restaurants, shopping, entertainment, golf, and all that the desert lifestyle has to offer. Tahquitz River Estates continues to have short-term vacation rental certificate availability. Buyers should verify current permit availability and city requirements.
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About Tahquitz River Estates
This property is located in Tahquitz River Estates, a community in Palm Springs. Explore more listings in this neighborhood to compare options and pricing.
View Tahquitz River Estates ListingsComparative Market Analysis
Residential Tier · 5 active · 5 closed
Tahquitz River Estates · Palm Springs · Single Family Residence
Listed in line with the median closed sale of $1,325,000. Price per sqft ($540) is a 26% discount to closed comps ($733). Closed comps sold at 95% of list — buyers have negotiating leverage.
Price Position
Aligned with the market — fair pricing for the comps.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 634 Palo Verde Avenue | Palm Springs | 1964 | 3 | 3 | 2,600 | 15,682 | $498 | $1.29M | 44 | 78 |
| 216 Palo Verde Avenue | Palm Springs | 1947 | 3 | 2 | 1,392 | 7,405 | $925 | $1.29M | 122 | 71 |
| 5155 Bobolink Lane | Palm Springs | 1962 | 4 | 3 | 2,101 | 10,454 | $559 | $1.18M | 55 | 64 |
| 120 Perlita Circle | Palm Springs | 1980 | 3 | 3 | 2,434 | 4,003 | $456 | $1.11M | 22 | 61 |
| 3280 Cambridge Court | Palm Springs | 1979 | 4 | 3 | 2,785 | 11,761 | $449 | $1.25M | 3 | 61 |
| Total: 5 · Average | 3.4 | 2.8 | 2,262.4 | 9,861 | $577.4 | $1.22M | 49.2 | |||
| Median | 2,434 | $1.25M | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 840 Biltmore Place | Palm Springs | 1956 | 10/28/2026 | 3 | 2 | 2,132 | 12,632 | $1.30M | $1.27M | $598 | 0.98 | 41 | 81 |
| 830 Riverside Drive | Palm Springs | 1950 | 07/15/2026 | 3 | 3 | 2,382 | 10,454 | $1.50M | $1.40M | $588 | 0.93 | 77 | 80 |
| 823 San Lucas Road | Palm Springs | 1958 | 12/09/2025 | 3 | 3 | 1,711 | 11,761 | $1.50M | $1.44M | $839 | 0.96 | 50 | 78 |
| 1529 Calle Palo Fierro | Palm Springs | 1949 | 07/20/2026 | 3 | 2 | 1,431 | 6,098 | $1.40M | $1.32M | $926 | 0.95 | 183 | 75 |
| 250 Sonora Road | Palm Springs | 1992 | 12/19/2025 | 3 | 2 | 1,580 | 10,019 | $1.25M | $1.13M | $715 | 0.90 | 63 | 71 |
| Total: 5 · Average | 3.0 | 2.4 | 1,847.2 | 10,192.8 | $1.31M | $1.31M | $733.2 | — | 82.8 | ||||
| Median | 1,711 | $1.32M | $1.32M | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.