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1450 Lorena Way, Palm Springs, California 92262, Palm Springs, 92262 - 4 bed, 4 bath

1450 Lorena Way, Palm Springs, California 92262 home-pic-0
ACTIVE$1,395,000
1450 Lorena Way, Palm Springs, California 92262
4Beds
4Baths
2,784Sqft
11,326Lot

Price Vs. Estimate

The estimated value ($1,395,000) is $0 (0%) lower than the list price ($1,395,000). 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 = 11326, living area = 2784.
Top Cons:
Recent Price Reduction: The property has undergone a price reduction from its original list price, which may suggest initial overpricing or a slower-than-expected market response.

Compared to the nearby listings

Price:$1.40M vs avg $925.0K (+$470,000)76%
Size:2,784 sqft vs avg 2,100 sqft80%
Price/sqft:$501 vs avg $49153%

More Insights

Built in 2004 (21 years old).
Condition: The property, built in 2004, is 20 years old and falls within the 'Good' condition score's age range. The home is beautifully maintained and move-in ready with minimal wear and tear. The kitchen features functional appliances (some white, suggesting original or older replacements) and light wood cabinetry with granite countertops. Bathrooms also show well-maintained, albeit early 2000s style, cabinetry and stone finishes. While clean and functional, the kitchen and bathroom styles do not indicate a recent, extensive renovation that would qualify for an 'Excellent' rating. Major systems are functional, and a 'newer foam roof' is a positive.
Year Built
2004
Close
-
List price
$1.4M
Original List price
$1.45M
Price/Sqft
$501
HOA
-
Days on market
-
Sold On
-
MLS number
25601563PS
Home ConditionGood
Features
Excellent View: Mountain(s), Pool
Pool
Spa
Patio
ViewMountain(s), Pool

About this home

Palm Springs Contemporary living at its best! Single level on land you own (Fee Land) and ultra-private, this beautifully maintained home in the sought-after PS Colony neighborhood delivers amazing curb appeal from its desirable corner lot. A detached casita adds wonderful flexibility for guests or extended stays, complementing the home's 4 bedrooms and 3.5 baths overall. Inside, the open-concept living area is anchored by a stylish fireplace and flows effortlessly to the formal dining room and expansive kitchen with oversized island, walk-in pantry, and a convenient butler's pantry between the kitchen and dining areas. The primary suite opens directly to the pool and features a spa-like bath with separate tub and shower, dual vanities, large walk-in closet, and direct patio access. Outdoor living shines with a sparkling pool and spa framed by multiple conversation areas, artful landscape lighting, and thoughtfully designed hardscape that make entertaining a joy. Additional highlights include leased solar in place, newer foam roof, attached garage with built-ins, and pride of ownership throughout. Dramatic views of Mt. San Jacinto and the twinkling lights of the Aerial Tram create the perfect Palm Springs backdrop. The best of Uptown Palm Springs is just a short hop away. Take the Matterport Virtual Tour for a better sense of flow.

Nearby schools

6/10
Vista Del Monte Elementary School
Public,•K-5•0.7mi
4/10
Raymond Cree Middle School
Public,•6-8•0.5mi
6/10
Palm Springs High School
Public,•9-12•2.2mi
4/10
Desert Learning Academy
Public,•K-12•2.4mi
Condition Rating
Good
The property, built in 2004, is 20 years old and falls within the 'Good' condition score's age range. The home is beautifully maintained and move-in ready with minimal wear and tear. The kitchen features functional appliances (some white, suggesting original or older replacements) and light wood cabinetry with granite countertops. Bathrooms also show well-maintained, albeit early 2000s style, cabinetry and stone finishes. While clean and functional, the kitchen and bathroom styles do not indicate a recent, extensive renovation that would qualify for an 'Excellent' rating. Major systems are functional, and a 'newer foam roof' is a positive.
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 = 11326, living area = 2784.
Fee Simple Ownership: The property is situated on fee land, a significant advantage in Palm Springs, avoiding the complexities and potential restrictions associated with leasehold properties.
Detached Casita: A detached casita provides exceptional flexibility for guests, extended stays, or potential rental income, enhancing the property's overall utility and appeal.
Exceptional Outdoor Living & Views: The home boasts a sparkling pool and spa, multiple conversation areas, artful landscape lighting, and dramatic views of Mt. San Jacinto and the Aerial Tram, perfect for entertaining.
Prime Location & Curb Appeal: Located on a desirable corner lot in the sought-after PS Colony neighborhood, offering amazing curb appeal and convenient proximity to Uptown Palm Springs amenities.
Modern & Well-Appointed Interior: Features an open-concept living area, an expansive kitchen with an oversized island and butler's pantry, and a luxurious primary suite with a spa-like bath and direct pool access.

Cons

Recent Price Reduction: The property has undergone a price reduction from its original list price, which may suggest initial overpricing or a slower-than-expected market response.
Ongoing Maintenance for Extensive Amenities: The luxurious outdoor living area, including a pool, spa, and elaborate landscaping, will require significant ongoing maintenance and associated costs, which might not appeal to all buyers.
Leased Solar System: While offering energy benefits, the presence of a leased solar system can sometimes be a point of negotiation or concern for buyers who prefer owned systems or wish to avoid lease transfer obligations.

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