$1,499,000

1821 E Amado Road

Palm Springs CA, 92262

Description

A stunning and fine example of 1955 mid-century modern architecture, THE AMADO is centrally located in the famous Sunrise Park, a Mid-Century neighborhood w/ buildings by Cody, Frey, Krisel, Meiselman. This celebrated boutique accommodation has been extensively renovated and is at the top of discerning sophisticated traveler's lists around the globe as a must-see destination. Beautiful architecture, minimalist design aesthetic, spacious suites, private courtyard, boasting a sparkling pool, views of the San Jacinto Mtns. Established turn-key successful business w/ consistent positive cash flow, this trendy 5-unit (four 1BD units, one 2BD unit) has a repeat clientele + tremendous upside potential. The current use is as a furnished monthly vacation rental property, w/ over 700 5-star reviews on Airbnb, listings w/ Plum Guide + invitations to Airbnb Plus and Stay One Degree. Uses are infinite: a private family compound; a compound for 5-6 friends to retire together; or a possible hotel-conversion or condo-conversion (both to subject to city approval as per Seller). Revenue streams include vacation rental, commercial photo shoots, special events, etc. It has been featured at Architectural Digest, Forbes, Travel & Leisure, Dwell, Wallpaper, more. Near everything: the downtown, design district, restaurants, shopping, swim center, tennis, golf, walking, biking, hiking trails, casino, parks. You OWN the land.

Details

MLS#219052955PS
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1955
Days On Site16

Features

Units5
Building(s)1

Market Activity 92262

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Area Information
StateCA
CountyRiverside
CityPalm Springs
Zip Code92262
Area332 - Central Palm Springs
Listing VS Median (in 92262)
Price:
$1,499,000
low | high
Med:
$441,660
100% of Average
On Site:
16
low | high
Med:
52.5
30.47619047619% of Average
Listing Updated: November 27, 2020 10:40:29 PM PST
Leonardo Montenegro LogoMLS Number: 219052955PS
Listing Provided By:
Leonardo Montenegro  of  Keller Williams Realty
MLS Internet Data Exchange (IDX) information is provided exclusively 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, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.