242 Cerritos Drive
Palm Springs, CA 92262
Listing broker / agent: Coldwell Banker Realty · Sarah & James Pearce & As... · CRMLS
MLS # 26838319PS · Last checked Oct 19, 2026 18:14 UTC
About this property
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!
Property details
- MLS number
- 26838319PS
- Status
- Active Under Contract (Backup)
- Type
- Residential
- Subtype
- Single Family Residence
- Beds / baths
- 3 Beds • 2 Baths
- Living area
- 1,301 (area; units unconfirmed)
- Lot size
- 0.23 acres
- County
- Riverside
- Year built
- 1955
- Stories
- 1
More property detailsCollapse
Listing
- Days on market
- 126
Building
- Year built
- 1955
- Architectural style
- Mid Century Modern
- Stories
- 1
- Building stories
- 1
- Levels
- One
- Condition
- Updated Remodeled
Bathrooms
- Full bathrooms
- 1
- Half bathrooms
- 0
- Three-quarter bathrooms
- 1
- Quarter bathrooms
- 0
Rooms & interior
- Rooms
- Living Room
- Appliances
- Barbecue, Dishwasher, Microwave, Refrigerator, Dryer, Washer
- Interior features
- Ceiling Fans
- Heating
- Fireplaces, Natural Gas
- Cooling
- Central Air
- Fireplace
- Living Room
- Furnishing
- Unfurnished
Exterior & parking
- Total parking spaces
- 1
- Parking
- Covered, Carport, Gated
- Pool
- In Ground, Private
- Spa
- Heated, In Ground
- Exterior features
- Fire Pit
- Lot features
- Back Yard
- Fencing
- Electric
- Property outlook
- Mountains, Pool
Fees & lease terms
- Association
- No
Nearby public schools
Nearby does not mean assigned. These are approximate straight-line distances from the property, not walking or driving routes. Confirm attendance boundaries, enrollment eligibility, grades and current school status directly with the district.
| School / district | Grades | Distance |
|---|---|---|
| Palm Springs High (school website, opens in a new tab) Palm Springs Unified · Palm Springs | 9–12 | 0.6 mi |
| Desert Learning Academy (school website, opens in a new tab) Palm Springs Unified · Palm Springs | K–12 | 0.6 mi |
| Katherine Finchy Elementary (school website, opens in a new tab) Palm Springs Unified · Palm Springs | K–5 | 1.1 mi |
| Cahuilla Elementary (school website, opens in a new tab) Palm Springs Unified · Palm Springs | K–5 | 1.4 mi |
| Raymond Cree Middle (school website, opens in a new tab) Palm Springs Unified · Palm Springs | 6–8 | 1.5 mi |
| Cielo Vista Charter (school website, opens in a new tab) Palm Springs Unified · Palm Springs | K–8 | 1.6 mi |
| Agua Caliente Elementary (school website, opens in a new tab) Palm Springs Unified · Cathedral City | K–5 | 2.0 mi |
| Vista del Monte Elementary (school website, opens in a new tab) Palm Springs Unified · Palm Springs | K–5 | 2.3 mi |
Source: California Department of Education · 2025-26 school locations. Downloaded Oct 2, 2026 UTC. This annual snapshot may not reflect later changes. Public schools only; not a complete list of education options. No ratings or attendance assignments are provided.
Check the California School Directory ↗Price and tax history
Asking price
- Current asking price
- $1,199,000
- MLS-reported original asking price
- $1,299,000
- MLS-reported previous asking price
- $1,250,000
- MLS-reported last price change
- 2026-08-31 11:51 UTC
| Observed (UTC) | Asking price |
|---|---|
| Oct 9, 2026 06:50 | $1,199,000 |
MLS values are reported for this listing, not prior sales. Observation dates show when our importer saw an asking price, not when the MLS changed it. Up to 24 observations are retained; changes between refreshes may be missed. This is not a complete price or sales history.
Property taxes
Tax history is not available from the imported listing data.
Source: MLS feed. Only supplied tax years are shown, up to 10 years; this is not a county tax archive. Amounts may be corrected and taxes may change after purchase. Verify assessments and current taxes with the county. These values do not automatically fill the payment calculator.
Market trends in Palm Springs
Active residential homes for sale in Palm Springs, CA, available through this website's authorized feed. Includes residential subtypes; excludes rentals. Not the entire market or a valuation of this property.
Observed price activity · past 30 days
79 currently active listings have an observed price-change pair ending in this period. A listing can appear in both counts.
Calculated 2026-10-19 19:19 UTC. Source: this website's authorized MLS inventory. Import progress, freshness rules and coverage affect the figures. Medians exclude missing/invalid values; price per sq ft is the median of individual listing ratios. Price observations are limited to the last 24 per listing and may miss changes between refreshes. This is not a complete 30-day market report, historical inventory trend, appreciation measure, or sold-price analysis.
Payment calculator
Explore a fixed-rate loan scenario. The price comes from this listing; a 20% down payment and 30-year term are starting assumptions, not requirements. Enter your own interest rate—not APR—and estimated costs.
Illustration only—not a rate quote, preapproval, lending offer or affordability determination. Assumes equal monthly payments on a fully amortizing fixed-rate loan; no adjustable rates, interest-only periods or balloon payments. Excludes closing costs, utilities, maintenance, special assessments and other unentered costs. Actual payments and escrow can differ. Review a Loan Estimate with your lender.
Understanding homeownership costs — CFPB ↗