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1495 E Luna Way, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 3 bath

1495 E Luna Way, Palm Springs, California 92262 home-pic-0
ACTIVE$849,900
1495 E Luna Way, Palm Springs, California 92262
3Beds
3Baths
1,880Sqft
9,583Lot
Year Built
1990
Close
-
List price
$850K
Original List price
$819K
Price/Sqft
$452
HOA
-
Days on market
-
Sold On
-
MLS number
OC25016842
Home ConditionFair
Features
Excellent View: City Lights, Mountain(s)
Pool
Spa
Patio
ViewCity Lights,Mountain(s)

About this home

Possibly Over-Priced:The estimated price is 35% below the list price. We found 3 Cons,6 Pros. Rank: price - $849.9K(41th), sqft - 1880(40th), beds - 3(50th), baths - 3(50th).

Nestled in the heart of beautiful Palm Springs, this stunning 1,880-square-foot home on fee-simple land (no land lease) offers a thoughtfully designed layout perfect for modern living. Featuring two spacious master suites and a third bedroom, this home provides plenty of room for family, guests, or a flexible work-from-home space. Step outside to your private retreat, where a covered patio, sparkling pool and spa, and a fully equipped outdoor kitchen create the perfect setting for relaxation or entertaining. Enjoy unobstructed mountain views with "no wires" to spoil the scenery. Additional highlights include a three-car garage offering ample parking and storage, all situated on a generous corner lot. Conveniently located just minutes from downtown Palm Springs, Albertsons, and all the attractions the area has to offer, this home combines the best of desert living with modern convenience. Don't miss the opportunity to make this exceptional property your new home or vacation retreat! Schedule your private showing today!

Nearby schools

6/10
Vista Del Monte Elementary School
Public,•K-5•0.6mi
4/10
Raymond Cree Middle School
Public,•6-8•0.7mi
6/10
Palm Springs High School
Public,•9-12•2.5mi
4/10
Desert Learning Academy
Public,•K-12•2.7mi
Condition Rating
Fair
The property was built in 1990, making it 34 years old. While well-maintained and featuring some newer elements like a stainless steel range and hood, the kitchen's overall style (light wood cabinets, granite countertops, and tiled backsplash) appears dated, likely from an older renovation or original to the build. Similarly, the bathrooms show some updates (vanity, shower enclosure) but also feature older light fixtures. The flooring is tile throughout, which is durable but not a contemporary style. The home is functional and appears to have been regularly maintained, but the key areas of kitchen and bathrooms show signs of being outdated and would likely require minor to moderate updates to meet current aesthetic standards, fitting the 'fair' category.
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 = 9583, living area = 1880.
Fee-Simple Land Ownership: The property is on fee-simple land, meaning the buyer owns the land outright, which is a significant advantage and highly desirable in Palm Springs where land leases are common.
Exceptional Outdoor Living: Features a private retreat with a covered patio, sparkling pool and spa, and a fully equipped outdoor kitchen, ideal for relaxation and entertaining in the desert climate.
Unobstructed Mountain Views: Offers stunning, unobstructed mountain views with 'no wires' to spoil the scenery, enhancing the property's aesthetic appeal and value.
Flexible & Spacious Layout: The home includes two spacious master suites and a third bedroom, providing versatile living arrangements suitable for families, guests, or a dedicated work-from-home space.
Three-Car Garage & Corner Lot: A generous corner lot combined with a three-car garage offers ample parking, storage, and potentially more privacy or outdoor space.

Cons

Significant Overpricing: The current listing price of $849,900 is substantially higher than the estimated property value of $549,539, and also exceeds recent comparable sales, which may hinder marketability and buyer interest.
Lack of Detailed Modern Updates: While described as 'perfect for modern living,' the property description does not specify recent major renovations (e.g., HVAC, plumbing, roof, kitchen/bath remodels) that are present in many competitive properties of similar age, potentially implying deferred maintenance or future upgrade costs.
Absence of Energy Efficiency Features: There is no mention of energy-saving upgrades such as solar panels, which are increasingly sought after in Palm Springs to mitigate high utility costs, especially when compared to some updated comparables.

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