2388 E Racquet Club Road $3,600,000

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    2388 E Racquet Club Road Palm Springs, CA 92262

    • 9,000 sq. ft.
    • 1.00 Acres
    • Commercial
    • MLS# 219032411
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    Views: 220 Days On Market: 156

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    Property Details

    The Monkey Tree Hotel was built in 1960 and is a classic example of mid-century modern architecture. Built just down the road from the famous Racquet Club, legend has it that the hotel was a getaway for celebrities who wanted to have some privacy from the public and still be only a two hour drive from the Hollywood studios in case they had to rush back to the set. Although the hotel has changed hands over the years, The Monkey Tree Hotel has been a continuously operating hotel since 1960. The new owners purchased the property in November of 2015 and restored the 60-year hotel back to its original name - The Monkey Tree Hotel.The hotel is conveniently located near many of the main attractions in Palm Springs including the Palm Springs Aerial Tramway, the Premium Cabazon shopping outlets and lots of restored mid-century modern neighborhoods.

    Contact

    Eric Bailey

    REALTOR®

    DRE #02038120

    Palm Springs Office

    Mobile Phone: 760-799-0760

    Neighborhood

    92262 (Palm Springs) Demographics

    50 Median Age
    751 Population Density (per sq. mile)
    41% College Educated
    $46,162 Estimated Median Income
    7,233 Estimated Total Home Owners
    5,628 Estimated Total Renters
    56% / 44% Estimated Owner / Renter Divide
    5 Estimated Average Household Size
    27,561 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $507,500 Median Sales Price
    80 Homes Sold
    163 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $3,600,000
        10/24/2019 11:02:00 AM New in Database Source

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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.