1441 Lorena Way, Palm Springs, California 92262, Palm Springs, 92262 - 4 bed, 4 bath

1441 Lorena Way, Palm Springs, California 92262 home-pic-0
ACTIVE$1,400,000
1441 Lorena Way, Palm Springs, California 92262
4Beds
4Baths
2,784Sqft
10,454Lot

Price Vs. Estimate

The estimated value ($1,400,000) is $0 (0%) lower than the list price ($1,400,000). This property may be overpriced.

Key pros and cons

Top Pros:
Income Potential & Turnkey: Currently operating as a successful Short-Term Rental (STR), fully furnished, and turnkey-ready, offering immediate income generation or hassle-free move-in.
Top Cons:
As-Is Sale Condition: The property is being sold 'as is,' which means the seller will not be making repairs, potentially requiring the buyer to invest in future maintenance or upgrades.

Compared to the nearby listings

Price:$1.40M vs avg $925.0K (+$475,000)76%
Size:2,784 sqft vs avg 2,100 sqft80%
Price/sqft:$503 vs avg $49154%

More Insights

Built in 2004 (21 years old).
Condition: Built in 2004, this property has undergone a 'stunningly updated' and extensive renovation, as described and evidenced by the images. The kitchen features modern finishes, high-end stainless steel appliances (double ovens visible), and a large island. Bathrooms are largely updated with contemporary fixtures, modern tiling (subway tile in one shower), and clean vanities, though the primary bath's glass block shower is a slightly older style but impeccably maintained. Flooring is a mix of modern vinyl plank and clean carpet. All components appear new or virtually new, meeting current quality standards with no deferred maintenance, making it move-in ready and aligning with an 'Excellent' condition score.
Year Built
2004
Close
-
List price
$1.4M
Original List price
$1.4M
Price/Sqft
$503
HOA
-
Days on market
-
Sold On
-
MLS number
25571057
Home ConditionExcellent
Features
Good View: Pool
Pool
Spa
Patio
ViewPool

About this home

OPPORTUNITY AWAITS! This home is currently being used a successful STR. This stunningly updated 4-bedroom (includes detached casita), 3.5-bath home offers the ideal blend of luxury, comfort, and Palm Springs charm. Located just minutes from the vibrant downtown district, this expansive property is perfect as a full-time residence, second home, or investment opportunity. Step inside to an open-concept living space featuring high ceilings, a beautifully appointed kitchen with modern finishes, and multiple areas for entertaining. The heart of the home includes a chef's kitchen with extensive cabinetry, high-end small appliances, and a large center island perfect for gatherings. The spacious living and dining areas flow seamlessly into the backyard, creating an indoor-outdoor experience that defines Palm Springs lifestyle . The home offers four generously sized bedrooms all currently furnished with king beds and smart TVs plus a converted office/bonus room that functions as a fifth bedroom. The primary suite features direct backyard access, a luxurious en-suite bath with soaking tub and separate shower, and a designated workspace. One of the bedrooms is a detached casita with its own entrance, full en-suite bath, and office nook. Outside, enjoy your own private resort-style retreat with a sparkling pool and spa, breathtaking mountain views, a fire pit conversation area, sun loungers, and a covered patio with al fresco dining. Additional features include: Bonus room with double door entry. Three full bathrooms plus powder room. Dedicated laundry room and attached garage. Ample storage and closet space throughout. Fully furnished and Turnkey-ready for short-term rental or move-in. Don't miss the opportunity to own this beautifully maintained and highly functional desert escape in one of Palm Springs' most sought-after locations. Sold as is - buyer to verify all permits and records.

Nearby schools

6/10
Vista Del Monte Elementary School
Public,K-50.7mi
4/10
Raymond Cree Middle School
Public,6-80.5mi
6/10
Palm Springs High School
Public,9-122.2mi
4/10
Desert Learning Academy
Public,K-122.4mi
Condition Rating
Excellent

Built in 2004, this property has undergone a 'stunningly updated' and extensive renovation, as described and evidenced by the images. The kitchen features modern finishes, high-end stainless steel appliances (double ovens visible), and a large island. Bathrooms are largely updated with contemporary fixtures, modern tiling (subway tile in one shower), and clean vanities, though the primary bath's glass block shower is a slightly older style but impeccably maintained. Flooring is a mix of modern vinyl plank and clean carpet. All components appear new or virtually new, meeting current quality standards with no deferred maintenance, making it move-in ready and aligning with an 'Excellent' condition score.
Pros & Cons

Pros

Income Potential & Turnkey: Currently operating as a successful Short-Term Rental (STR), fully furnished, and turnkey-ready, offering immediate income generation or hassle-free move-in.
Resort-Style Outdoor Living: Features a private sparkling pool and spa, breathtaking mountain views, a fire pit conversation area, sun loungers, and a covered patio for al fresco dining, embodying the quintessential Palm Springs lifestyle.
Prime Location: Strategically located just minutes from the vibrant downtown Palm Springs district, in a highly sought-after neighborhood, enhancing its appeal for residents and renters alike.
Versatile Layout with Detached Casita: Offers a flexible floor plan with 4 bedrooms (including a detached casita with its own entrance and bath) plus a bonus room functioning as a fifth bedroom, ideal for guests, multi-generational living, or additional rental income.
Modern & Updated Interior: Boasts high ceilings, an open-concept living space, a beautifully appointed chef's kitchen with modern finishes and a large center island, and seamless indoor-outdoor flow for entertaining.

Cons

As-Is Sale Condition: The property is being sold 'as is,' which means the seller will not be making repairs, potentially requiring the buyer to invest in future maintenance or upgrades.
Listing Price Above Estimated Value: The current listing price of $1.4 million is slightly above the estimated property value of $1.36 million, which may require negotiation or be perceived as less competitive by some buyers.
Potential for Wear and Tear from STR Use: As a successful short-term rental, the property likely experiences higher usage and potential for accelerated wear and tear compared to a private residence, which could lead to increased maintenance needs over time.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state