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1244 S San Mateo Drive, Palm Springs, California 92264, Palm Springs, 92264 - 3 bed, 2 bath

1244 S San Mateo Drive, Palm Springs, California 92264 home-pic-0
ACTIVE$1,575,000
1244 S San Mateo Drive, Palm Springs, California 92264
3Beds
2Baths
1,558Sqft
10,454Lot

Price Vs. Estimate

The estimated value ($926,075.695) is $648,924.305 (41%) lower than the list price ($1,575,000). This property may be overpriced.

Key pros and cons

Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10454, living area = 1558.
Top Cons:
Significant Discrepancy in Valuation: The listing price of $1.575M is considerably higher than the automated property estimation of $926,075, indicating a potential overpricing or a valuation gap that could impact market appeal and buyer perception.

Compared to the nearby listings

Price:$1.57M vs avg $1.28M (+$293,000)66%
Size:1,558 sqft vs avg 2,172.5 sqft25%
Price/sqft:$1.0K vs avg $59798%

More Insights

Built in 1964 (61 years old).
Condition: Despite being built in 1964, this property has undergone a 'meticulously renovated modern home' transformation, described as a 'comprehensive floor-to-ceiling' upgrade with 'high-end finishes.' Key updates include brand-new dual-pane windows (2022), updated electrical and plumbing, and a newly installed HVAC system. The kitchen features sleek modern cabinetry, Cambria quartz countertops, and stainless steel appliances, while bathrooms are spa-inspired with modern fixtures and dual showerheads. Terrazzo tile flooring throughout and the overall aesthetic in the images confirm a virtually new, high-quality condition with no deferred maintenance.
Year Built
1964
Close
-
List price
$1.57M
Original List price
$1.57M
Price/Sqft
$1,011
HOA
-
Days on market
-
Sold On
-
MLS number
25515575PS
Home ConditionExcellent
Features
Excellent View: Mountain(s), Pool
Pool
Spa
Patio
ViewMountain(s), Pool

About this home

Welcome to this meticulously renovated modern home in one of South Palm Springs' most sought-after neighborhoods, Los Compadres. Situated on land you own, this home features a comprehensive floor-to-ceiling transformation, delivering high-end finishes and remarkable outdoor living spaces with breathtaking mountain views to the East, South, and West. It truly shows like a model! Step inside to discover an airy, open-concept floor plan bathed in natural light. The home boasts sleek modern cabinetry, Cambria quartz countertops, and terrazzo tile flooring throughout. The resort-style backyard is an entertainer's dream, featuring a sparkling pool, a separate in-ground spa, multiple outdoor living and dining areas, lush landscaping, and panoramic, wire-free mountain views. Additional highlights include brand-new dual-pane windows with custom window treatments (installed in 2022), updated electrical wiring and plumbing, as well as new interior and exterior doors. The home also features a newly installed HVAC system and paid-off solar panels for energy efficiency. There's no HOA, and the property qualifies for a Vacation Rental Certificate, making it an excellent opportunity for short-term rentals! The chef-inspired kitchen seamlessly opens to the living and dining areas, both of which offer sweeping views and easy access to the outdoor space. The backyard is beautifully framed by colorful, low-maintenance landscaping, creating a serene environment for relaxation. The primary ensuite retreat offers stunning views, direct access to the private backyard, and a spa-inspired bathroom with modern cabinetry, Cambria quartz countertops, dual sinks, and a large walk-in shower with a clerestory window, frameless glass, and dual showerheads. The two west-facing guest bedrooms are equally impressive, with mountain views, terrazzo tile flooring, and convenient access to the beautifully appointed hallway bathroom, featuring modern cabinetry, Cambria quartz countertops, dual sinks, and a shower/tub combination with dual showerheads. Additional features include an indoor laundry area, making this home as practical as it is stylish.

Nearby schools

4/10
Cahuilla Elementary School
Public,•K-5•1.2mi
4/10
Raymond Cree Middle School
Public,•6-8•2.8mi
4/10
Desert Learning Academy
Public,•K-12•0.7mi
6/10
Palm Springs High School
Public,•9-12•0.9mi
Condition Rating
Excellent
Despite being built in 1964, this property has undergone a 'meticulously renovated modern home' transformation, described as a 'comprehensive floor-to-ceiling' upgrade with 'high-end finishes.' Key updates include brand-new dual-pane windows (2022), updated electrical and plumbing, and a newly installed HVAC system. The kitchen features sleek modern cabinetry, Cambria quartz countertops, and stainless steel appliances, while bathrooms are spa-inspired with modern fixtures and dual showerheads. Terrazzo tile flooring throughout and the overall aesthetic in the images confirm a virtually new, high-quality condition with no deferred maintenance.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10454, living area = 1558.
Extensive High-End Renovation: The property has undergone a 'meticulously renovated modern home' transformation, featuring a 'comprehensive floor-to-ceiling' upgrade with 'high-end finishes,' including sleek modern cabinetry, Cambria quartz countertops, and terrazzo tile flooring throughout.
Exceptional Outdoor Living & Panoramic Views: Offers a 'resort-style backyard' with a sparkling pool, separate in-ground spa, multiple outdoor living/dining areas, lush landscaping, and 'panoramic, wire-free mountain views to the East, South, and West'.
Strong Short-Term Rental Investment Potential: The property 'qualifies for a Vacation Rental Certificate' and has 'no HOA,' making it an excellent opportunity for short-term rentals in a 'sought-after neighborhood'.
Major System & Energy Efficiency Upgrades: Includes a 'newly installed HVAC system,' 'paid-off solar panels for energy efficiency,' 'brand-new dual-pane windows with custom window treatments (installed in 2022),' and updated electrical wiring and plumbing.
Desirable Location & Fee Simple Ownership: Situated in 'one of South Palm Springs' most sought-after neighborhoods, Los Compadres,' on 'land you own' (fee simple), providing greater control and no HOA fees.

Cons

Significant Discrepancy in Valuation: The listing price of $1.575M is considerably higher than the automated property estimation of $926,075, indicating a potential overpricing or a valuation gap that could impact market appeal and buyer perception.
Limited Interior Square Footage: At 1558 sqft, the interior living space might be considered modest for a property in this luxury price range, potentially limiting appeal for buyers seeking more expansive homes.
Age of Original Construction: Despite extensive renovations, the home's original build year of 1964 means the underlying structure is older, which could raise long-term maintenance considerations for some buyers, even with updated systems.

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