Buyer Details
Are Getaway homes a good investment?
When people think about buying a getaway home at Sky Valley, they often want to know if it will be a good investment for them.
Getaway homes are not right for everyone, but many folks have found that they love being part of a community where it’s easy to make friends and they have access to quality amenities without worrying about upkeep!
Getaway homes are an investment in the quality of your lifestyle. If you want to live an active lifestyle where friends are just down the street, if you would like access to mineral pools and planned activities where you can meet new people, or if you want to have a warm spot in the winter or a peaceful place to hideaway from the busyness of life, a getaway at Sky Valley might be right for you.
Sky Valley getaway homes are incredible affordable, and they are a smart choice for many people looking to improve their lifestyle. But these getaway homes are not real estate investments. If you are looking to put your money in a property, Sky Valley is not the right choice for you.
Invest in a getaway home if you…
Want to focus on the quality of your lifestyle
Love being part of a friendly community
Are ready to enjoy warm, active winters
Average Sales Price By Year
We track new and used homes sold in our community. Over the last five years, we’ve seen the average price of homes sold go up by about 9.5%.
The true value of a getaway home at Sky Valley is in the experience and enjoyment it provides for you, but these homes will also provide value for you if you need to sell.
Buy a getaway home at Sky Valley if you…
Want to have an active lifestyle in a warm winter climate
Don’t want a high maintenance home
Love focusing on community, resort activities and experiences
Would enjoy access to amenities like mineral hot pools and pickleball courts without needing to take care of them
Getaway homes at Sky Valley are NOT right for you if…
You want a large home
You need a real estate investment
You want a big yard
Traditional Homes vs. Getaways at Sky Valley
We did a simple comparison of what it would cost to buy a traditional (inexpensive) home in downtown Palm Springs vs. a getaway at Sky Valley just 25 minutes outside of downtown Palm Springs. We did our best to approximate with real numbers to give you an idea of what it would look like.
Since nice homes in Palm Springs sell for upwards of $1 million, we've taken the average price of a low end home and run the numbers versus the mid-level getaway home at Sky Valley.
Traditional Home vs. Sky Valley Getaway Home Breakdown
Traditional Home Costs In Downtown Palm Springs
$456,267 — Traditional downtown home
$91,253 — 20% down payment
$12,775 — Buyer closing costs
$4,417 — Property taxes for Palm Springs
$500 — Survey and Appraisal fees
Paid off in 30 years
One Time Cost (financed): $104,529
Monthly Cost (financed): $2,069
Sky Valley Getaway Home Costs
$62,900 — Cost of mid-level home (Less than the downpayment for a Palm Springs home!)
$12,580 — 20% down payment (If you choose not to pay all at once)
$4,875 — Sales tax
$1,000 — One time financing cost
$924 — DMV registration
$494 — Monthly Rent (Rent varies by site — this is an example)
Paid off in 15 years
One Time Cost (financed): $17,455
Monthly Cost (financed): $996