1114 Palmas, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 2 bath

1114 Palmas, Palm Springs, California 92262 home-pic-0
ACTIVE$675,000
1114 Palmas, Palm Springs, California 92262
3Beds
2Baths
1,630Sqft
6,098Lot
Year Built
2006
Close
-
List price
$675K
Original List price
$725K
Price/Sqft
$414
HOA
$160
Days on market
-
Sold On
-
MLS number
219125483DA
Home ConditionExcellent
Features
Excellent View: Desert, Hills, Mountain(s)
Patio
ViewDesert, Hills, Mountain(s)

About this home

Possibly Over-Priced:The estimated price is 14% below the list price. We found 3 Cons,5 Pros. Rank: price - $675.0K(20th), sqft - 1630(32th), beds - 3(50th), baths - 2(41th).

MOTIVATED SELLERS. Bring your best offer. Willing to Negotiate! Welcome to the Mountain Gate community, where breathtaking panoramic views and stunning sunsets over the San Jacinto mountains await you. Situated on a generous 6,098 SqFt lot, the 1,630 SqFt living space features 3 spacious bedrooms, 2 bathrooms, and boasts an easy-to-maintain desert landscaping while creating a tranquil oasis. The elegant stained glass front door and arched covered patio set the tone for the its beautifully open-concept design filled with natural light, creating a welcoming atmosphere perfect for relaxing or entertaining. The living room boasts a recessed entertainment system space and a large, tiled fireplace with full hearth, enhancing the modern appeal of the home. French doors lead to the backyard, where a covered patio with accent lighting and a built-in brick fire pit creates a perfect space for outdoor gatherings and star gazing. An elegant tile backsplash frames the kitchen complemented by stainless steel appliances and an expanded butcher's block island that offers ample storage and prep space as well as a perfect gathering spot for breakfasts or snacks. It seamlessly flows into the dining and living areas, making it ideal for hosting or enjoying relaxed meals. Throughout the common areas, sleek laminate flooring and upgraded ceiling fans in every room add a contemporary touch, while carpeted bedrooms provide warmth and comfort.The spacious primary suite serves as a private retreat, complete with a luxurious en-suite bathroom and a large walk-in closet with built-in organizers. Dual vanities, a privacy door, a sparkling hanging light fixture, and a beautifully tiled glass-enclosed shower enhance the spa-like ambiance. French doors from the suite lead to a covered patio, offering a peaceful spot to unwind.The 2-car garage is equipped with workbenches as well as 3 separate entry points from the driveway, to the sideyard from within the fence line, and access through the dedicated laundry room which is complimented by a built-in credenza for added convenience and functionality.Located in the highly desirable Mountain Gate community, this home offers easy access to local hiking trails, a community park, the iconic Aerial Tramway, and downtown Palm Springs, with world-class dining, shopping, and entertainment.

Condition Rating
Excellent

Built in 2006, this property has undergone significant and stylish modern renovations, particularly evident in the kitchen and bathrooms. The kitchen features modern gray shaker cabinets, white quartz countertops, a contemporary subway tile backsplash, and stainless steel appliances. The primary bathroom boasts dual vanities, a modern light fixture, and a beautifully tiled glass-enclosed shower. Throughout the common areas, sleek laminate flooring and upgraded ceiling fans contribute to a fresh, contemporary feel. The overall condition appears virtually new, with high-quality finishes and no visible deferred maintenance, meeting current design standards.
Pros & Cons

Pros

Panoramic Mountain Views: The property offers breathtaking panoramic views and stunning sunsets over the San Jacinto mountains, enhancing its appeal.
Desirable Community & Location: Located in the highly desirable Mountain Gate community with easy access to hiking trails, a community park, and downtown Palm Springs amenities.
Modern Open-Concept Design: Features a beautifully open-concept design filled with natural light, sleek laminate flooring, and upgraded ceiling fans, providing a contemporary feel.
Updated Kitchen: The kitchen boasts an elegant tile backsplash, stainless steel appliances, and an expanded butcher's block island, ideal for cooking and entertaining.
Well-Appointed Outdoor Living: The backyard includes a covered patio with accent lighting and a built-in brick fire pit, creating an inviting space for outdoor gatherings.

Cons

Potential Overpricing: The current listing price of $675,000 is significantly higher than the estimated property value of $579,097.04, indicating it may be overpriced.
Motivated Sellers & Price Reductions: The description explicitly states 'MOTIVATED SELLERS' and the price has been reduced from $725,000, suggesting challenges in attracting buyers.
Homeowners Association (HOA) Fees: An association fee of $160.0 per month adds to the recurring costs of ownership, which may deter some buyers.

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