1940 Fan Palm Way, Palm Springs, California 92262, Palm Springs, 92262 - 4 bed, 3 bath
ACTIVE$620,000
1940 Fan Palm Way, Palm Springs, California 92262
4Beds
3Baths
2,637Sqft
6,970Lot
Year Built
2008
Close
-
List price
$620K
Original List price
$620K
Price/Sqft
$235
HOA
$450.71
Days on market
-
Sold On
-
MLS number
219140101PS
Home ConditionGood
Features
Good View: Mountain(s)
ViewMountain(s)
About this home
Great Deal:The estimated price is 3% above the list price. We found 4 Cons,5 Pros. Rank: price - $620.0K(16th), sqft - 2637(72th), beds - 4(64th), baths - 3(50th).
Nearby schools
6/10
Vista Del Monte Elementary School
Public,•K-5•1.2mi
4/10
Raymond Cree Middle School
Public,•6-8•1.6mi
6/10
Palm Springs High School
Public,•9-12•3.2mi
4/10
Desert Learning Academy
Public,•K-12•3.4mi
Price History
Date
Event
Price
12/17/25
Listing
$620,000
11/05/25
Sold
$610,000
02/27/24
Sold
$640,000
05/30/08
Sold
$437,500
Condition Rating
Good
Built in 2008, this property is 16 years old, aligning with the 'Good' condition criteria for its age. The exterior images show a well-maintained home consistent with its build year. While interior photos, especially of the kitchen and bathrooms, are not provided, a 2008 build typically implies functional and aesthetically acceptable systems and finishes, requiring no immediate major renovations. Assuming standard maintenance for a property of this age, it should be move-in ready with minimal wear and tear.
Pros & Cons
Pros
Prime Location & Community: Situated in the highly desirable Palm Springs area within the 'Four Seasons' subdivision, suggesting a well-maintained, planned community environment.
Scenic Mountain Views: The property offers appealing mountain views, a highly sought-after feature that enhances its desirability and value in the Palm Springs market.
Modern Construction: Built in 2008, the property benefits from relatively modern construction standards and design, potentially requiring less immediate maintenance compared to older homes.
Generous Living Space: With 4 bedrooms, 3 bathrooms, and 2637 sqft, the home provides ample space for comfortable living, accommodating families or guests effectively.
Potential for Value: The current list price of $620,000 is below the previous sale price of $640,000 in February 2024, potentially offering a favorable entry point for buyers.
Cons
Recently Sold Property: The property was recently sold within the past year on 2025-11-05. The sold price is $610,000.00.
Substantial Association Fees: The monthly association fee of $450.71 represents a significant ongoing cost that could impact affordability and long-term budgeting for homeowners.
Moderate School Ratings: The assigned public schools have ratings in the 4-6 range, which may not appeal to buyers prioritizing top-tier educational institutions.
Lack of Private Pool: For a Palm Springs property, the absence of a private swimming pool could be a notable drawback for many potential buyers seeking this common and desirable amenity in the desert climate.