1602 Olga Way, Palm Springs, California 92262, Palm Springs, 92262 - 4 bed, 2 bath

1602 Olga Way, Palm Springs, California 92262 home-pic-0
ACTIVE$816,000
1602 Olga Way, Palm Springs, California 92262
4Beds
2Baths
1,597Sqft
7,841Lot

Price Vs. Estimate

The estimated value ($790,079.295) is $25,920.705 (3%) lower than the list price ($816,000). 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 = 7841, living area = 1597.
Top Cons:
Lack of Iconic Architectural Style: While updated, the property does not feature a specific, iconic Palm Springs architectural style (e.g., Mid-Century Modern), which can be a significant draw for a segment of buyers in this market.

Compared to the nearby listings

Price:$816.0K vs avg $925.0K ($-109,000)38%
Size:1,597 sqft vs avg 2,096 sqft29%
Price/sqft:$511 vs avg $49154%

More Insights

Built in 1997 (28 years old).
Condition: Despite being built in 1997, this property has undergone extensive and very recent renovations, bringing it to a virtually new condition. The description explicitly states 'beautifully updated' and highlights numerous 'new' components, including a new AC/heat pump/furnace system, a new Enphase solar system with a Tesla Powerwall 3 battery, a tankless water heater, and a brand-new pool and spa. The kitchen features a modern aesthetic with new stainless-steel appliances, white shaker-style cabinets, and granite countertops, as confirmed by the images. Flooring throughout is updated with wood-look tile, and the overall interior design is contemporary and fresh. All major systems and key areas like the kitchen are new or extensively renovated, indicating no deferred maintenance and meeting current quality standards.
Year Built
1997
Close
-
List price
$816K
Original List price
$816K
Price/Sqft
$511
HOA
-
Days on market
-
Sold On
-
MLS number
25614505
Home ConditionExcellent
Features
Good View: Mountain(s), Panoramic, Pool
Pool
Spa
Patio
ViewMountain(s), Panoramic, Pool

About this home

Welcome to 1602 Olga Way, a beautifully updated single-story retreat in the desirable Vista Norte neighborhood of Palm Springs. Set on a generous 7,841 sq ft lot, this 3-bedroom, 2-bathroom home offers 1,597 sq ft of refined living space designed for effortless indoor-outdoor living.Inside, you'll find a light-filled open layout with hardwood and tile floors, a spacious living room with a cozy fireplace, and a modern kitchen featuring new stainless-steel appliances, granite countertops, and abundant storage. The primary suite offers a private retreat with direct access to the backyard oasis, where a brand-new pool and spa both with digital heating and Wi-Fi controls invite you to relax and entertain in true Palm Springs style.This home has been thoughtfully upgraded for efficiency and comfort, featuring a new AC/heat pump/furnace system with a 10-year guarantee, a new Enphase solar system (27 panels) with a 40-year warranty, and a Tesla Powerwall 3 battery with a 10-year warranty, along with Tesla converters and a switching system for seamless energy management. Additional updates include a tankless water heater with warranty, an underground automatic timed watering system, and an attached two-car garage for convenience.This property also has the ability to operate as a short-term rental, offering excellent investment potential in one of Palm Springs' most sought-after neighborhoods.Just minutes from downtown Palm Springs' world-class dining, shopping, and entertainment, this move-in-ready home perfectly blends modern sustainability with desert luxury offering contemporary efficiency, timeless design, and resort-style living all in one exceptional property.

Nearby schools

6/10
Vista Del Monte Elementary School
Public,K-50.8mi
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

Price History

Date
Event
Price
07/05/18
Sold
$485,000
11/25/13
Sold
$370,000
06/17/11
Sold
$232,000
05/25/05
Sold
$480,000
01/14/05
Sold
$418,000
Condition Rating
Excellent

Despite being built in 1997, this property has undergone extensive and very recent renovations, bringing it to a virtually new condition. The description explicitly states 'beautifully updated' and highlights numerous 'new' components, including a new AC/heat pump/furnace system, a new Enphase solar system with a Tesla Powerwall 3 battery, a tankless water heater, and a brand-new pool and spa. The kitchen features a modern aesthetic with new stainless-steel appliances, white shaker-style cabinets, and granite countertops, as confirmed by the images. Flooring throughout is updated with wood-look tile, and the overall interior design is contemporary and fresh. All major systems and key areas like the kitchen are new or extensively renovated, indicating no deferred maintenance and meeting current quality standards.
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 = 7841, living area = 1597.
Exceptional Energy Efficiency & Sustainability: Features a new AC/heat pump/furnace system with a 10-year guarantee, a new 27-panel Enphase solar system with a 40-year warranty, a Tesla Powerwall 3 battery, and a tankless water heater, providing significant long-term savings and modern comfort.
Turnkey Modern Interior: Beautifully updated with a light-filled open layout, hardwood and tile floors, a spacious living room with a fireplace, and a modern kitchen featuring new stainless-steel appliances and granite countertops, making it move-in ready.
Private Resort-Style Backyard Oasis: Boasts a brand-new pool and spa with digital heating and Wi-Fi controls, creating an ideal setting for relaxation and entertaining in the Palm Springs climate.
Strong Investment Potential: The property is approved for short-term rentals, offering excellent income-generating potential in one of Palm Springs' most sought-after neighborhoods.
Prime Palm Springs Location: Situated in the desirable Vista Norte neighborhood, just minutes from downtown Palm Springs' world-class dining, shopping, and entertainment.

Cons

Lack of Iconic Architectural Style: While updated, the property does not feature a specific, iconic Palm Springs architectural style (e.g., Mid-Century Modern), which can be a significant draw for a segment of buyers in this market.
Moderate Lot Size for 'Resort' Feel: The 7,841 sq ft lot, while generous, may not offer the expansive outdoor space or ultimate privacy desired by some buyers seeking a truly sprawling 'resort-style' estate.
Limited Dedicated Flex/Office Space: With 3 bedrooms, the layout may not include a separate dedicated office or flexible room, which is increasingly sought after for remote work or specialized hobbies.

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