#CV25050079, William Melton, Listing office: PAEZ REALTY COMPANY
$3,950,000 List price
509561 S Highland Dr Palm Springs, CA 92264
0.9 acres
Condo
Property details
About 509561 S Highland Dr
509 & 561 South Highland Drive is a 2-property, 21-unit multifamily investment portfolio located in Palm Springs, CA. 509 & 561 South Highland is available in conjunction with 579 South Highland Drive, a 10-unit multifamily property. Situated on two neighboring parcels encompassing a combined 0.93 acres, 509 & 561 South Highland Drive offer a mix of studio, one, and two-bedroom floor plans. The majority of the units feature one bedroom, along with 1, studio unit and 2, two-bedroom units - ideally suited for singles, couples, and retirees seeking well-located housing. The properties feature attractive amenities including secure keypad entry, private patios, swimming pools, ample surface parking, and on-site laundry facilities. Additionally, the properties feature exclusively single-story construction, a highly desirable characteristic to prospective renters. Furthermore, 509 & 561 South Highland Drive have recently undergone significant capital improvements including new plumbing, electrical, plaster, and tile as well as updated building systems including roofing, solar panels, and more. 509 & 561 South Highland Drive are situated in an optimal Palm Springs location, just moments away from shops and restaurants at El Cielo Center and The Springs. The properties are within a 0.85-mile radius of Demuth Park and Sunrise Park, two sprawling community centers granting residents convenient access to a plethora of outdoor activities. Additionally, the properties benefit from their close proximity to Palm Springs International Airport, a major employment and economic driver for the area, with tourism being a significant part of the local economy. Furthermore, Ramon Road, situated just to the north of the properties, provides easy access to Downtown Palm Springs, the heart of the city featuring a plethora of unique shops, restaurants, and entertainment options. 509 & 561 South Highland Drive’s desirable single-story construction and upgraded facilities are primary draws for potential renters. The overall demand for well-maintained and amenitized rental units will be a key driver in the continued growth and success at the properties.
Highlights
Home typeCondominium
StatusActive
Lot size0.93 Acres
Year built1962
MLS #OC25155892
Summary
- Private Pool: No
- Heating: None
- List Price: $3,950,000
- Directions: Cross Streets of South Highland Drive & Ramon Road
- Year Built: 1962
- Stories: 1
- Lot Size: 0.93 Acres
- MLS Number: OC25155892
- MLS Name: CRMLS
- Office Name: Marcus & Millichap RE Invest
- Office Email: tleeson@marcusmillichap.com
- Listing Agent: Tyler Leeson
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/13/2025, 5:45:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
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Nearby schools
2
Agua Caliente Elementary School
Public District KG-5
1.4 mi
•30800 San Luis Rey Dr
6
Cahuilla Elementary School
Public District KG-5
1.7 mi
•833 E Mesquite Ave
5
Landau Elementary School
Public District KG-5
2.3 mi
•30310 Landau Blvd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $43,421. Residents of Palm Springs, CA typically earn between $35k-100k each year. Typical family type is single, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
40%
<35k
50%
35k-100k
8%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
47%
Single, No Kids
13%
Single, with Kids
21%
Married, No Kids
19%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
14%
<11 yrs old
9%
12-17 yrs old
22%
18-34 yrs old
42%
35-64 yrs old
13%
65+ yrs old
What do the neighbors do for fun?
Extreme Sports
Horse Races
Soccer
Where do the neighbors shop?
Sam's Club
Stein Mart
Forever 21
Where do the neighbors go to eat?
White Castle
LongHorn Steakhouse
Dominos Pizza
What do the neighbors drive?
Oldsmobile
Buick
Mazda
What do the neighbors listen to?
Rock
Contemporary Inspirational
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 509561 S Highland Dr
The listing price of 509561 S Highland Dr property is $3,950,000.
The property 509561 S Highland Dr is a condo located in Palm Springs, California, 92264.
Active Listing: 509561 S Highland Dr is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 509561 S Highland Dr are: Agua Caliente Elementary School (GreatSchools Rating 2/10), Cahuilla Elementary School (GreatSchools Rating 6/10), Landau Elementary School (GreatSchools Rating 5/10), Cielo Vista Charter (GreatSchools Rating 6/10), Raymond Cree Middle School (GreatSchools Rating 4/10), James Workman Middle School (GreatSchools Rating 5/10), Palm Springs High School (GreatSchools Rating 7/10), Desert Learning Academy (GreatSchools Rating 4/10), Mt. San Jacinto High School (GreatSchools Rating 3/10).
The property at 509561 S Highland Dr has 0 bathroom.
The year of construction for 509561 S Highland Dr is 1962.
This home is located at 509561 S Highland Dr in Palm Springs, CA and zip code 92264 in the Demuth Park neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since July 11, 2025 and is currently priced at $3,950,000.
Over 2 listings were sold over their listed price in June 2025 in Palm Springs, CA. In the same period over 2 listings were sold below the listed price and 1 listings were sold for the listed price. Between May and June 2025, Palm Springs, CA real estate market has seen increase in the number of listings by 9.7%. In June 2025 median list price was $510,000 and the average listing age was 56 days.
From Rocket Homes Real Estate and based on county public records data.