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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$1,475,000
1244 S San Mateo Drive, Palm Springs, California 92264
3Beds
2Baths
1,558Sqft
10,454Lot

Price Vs. Estimate

The estimated value ($1,402,513.555) is $72,486.445 (4%) lower than the list price ($1,475,000). 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:
Original Construction Year: Despite extensive renovations, the home's original build year of 1964 might raise concerns for some buyers regarding the underlying structure or potential for unforeseen issues not explicitly covered by the updates.

Compared to the nearby listings

Price:$1.48M vs avg $1.28M (+$193,000)58%
Size:1,558 sqft vs avg 2,172.5 sqft25%
Price/sqft:$947 vs avg $59796%

More Insights

Built in 1964 (61 years old).
Condition: Despite being built in 1964, this property has undergone a 'meticulously renovated modern home' transformation, explicitly stating a 'floor-to-ceiling' renovation with high-end finishes. Key updates include brand-new dual-pane windows (2022), updated electrical and plumbing, a newly installed HVAC system, and paid-off solar panels. The kitchen features sleek modern cabinetry, Cambria quartz countertops, and stainless steel appliances, all appearing new. Bathrooms are spa-inspired with modern vanities, quartz countertops, and contemporary fixtures. Terrazzo tile flooring is consistent throughout. All components are virtually new and meet current quality standards, aligning perfectly with the 'excellent' condition criteria for a recently and extensively renovated property.
Year Built
1964
Close
-
List price
$1.48M
Original List price
$1.48M
Price/Sqft
$947
HOA
-
Days on market
-
Sold On
-
MLS number
25614581PS
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

Price History

Date
Event
Price
11/19/20
Sold
$630,000
Condition Rating
Excellent
Despite being built in 1964, this property has undergone a 'meticulously renovated modern home' transformation, explicitly stating a 'floor-to-ceiling' renovation with high-end finishes. Key updates include brand-new dual-pane windows (2022), updated electrical and plumbing, a newly installed HVAC system, and paid-off solar panels. The kitchen features sleek modern cabinetry, Cambria quartz countertops, and stainless steel appliances, all appearing new. Bathrooms are spa-inspired with modern vanities, quartz countertops, and contemporary fixtures. Terrazzo tile flooring is consistent throughout. All components are virtually new and meet current quality standards, aligning perfectly with the 'excellent' condition criteria for a recently and extensively renovated property.
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 Modern Renovation: The property has undergone a 'meticulously renovated modern home' with a 'floor-to-ceiling transformation,' featuring high-end finishes, sleek cabinetry, Cambria quartz, terrazzo tile, and updated infrastructure including electrical, plumbing, dual-pane windows (2022), and new doors.
Exceptional Outdoor Living & Views: Boasts 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 Investment Potential: The property 'qualifies for a Vacation Rental Certificate' and has 'No HOA,' making it an excellent opportunity for short-term rental income and flexibility.
Energy Efficiency & Modern Systems: Equipped with a newly installed HVAC system and paid-off solar panels, significantly enhancing energy efficiency and reducing utility costs, alongside updated electrical and plumbing.
Prime Location & Land Ownership: Situated in 'South Palm Springs' most sought-after neighborhoods, Los Compadres,' and importantly, 'on land you own,' which is a significant advantage in the Palm Springs market.

Cons

Original Construction Year: Despite extensive renovations, the home's original build year of 1964 might raise concerns for some buyers regarding the underlying structure or potential for unforeseen issues not explicitly covered by the updates.
Ongoing Maintenance for Outdoor Amenities: The 'resort-style backyard' with a pool, spa, and extensive landscaping, while a major draw, implies significant ongoing maintenance requirements and associated costs for a homeowner.
Modest Interior Square Footage: At 1558 sqft for a 3-bedroom home, the interior living space might be considered modest by some buyers, especially given the high price point and the larger lot size.

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