2140 E Amado Road, Palm Springs, California 92262, Palm Springs, 92262 - 5 bed, 5 bath

2140 E Amado Road, Palm Springs, California 92262 home-pic-0
ACTIVE$1,675,000
2140 E Amado Road, Palm Springs, California 92262
5Beds
5Baths
2,305Sqft
10,019Lot
Year Built
1956
Close
-
List price
$1.68M
Original List price
$1.88M
Price/Sqft
$727
HOA
-
Days on market
-
Sold On
-
MLS number
219123211PS
Home ConditionExcellent
Features
Excellent View: Mountain(s), Pool
Pool
Spa
Patio
ViewMountain(s), Pool

About this home

Possibly Over-Priced:The estimated price is 34% below the list price. We found 3 Cons,6 Pros. Rank: price - $1.68M(84th), sqft - 2305(59th), beds - 5(93th), baths - 5(92th).

Experience the epitome of Mid-Century modern elegance at this beautifully renovated Ranch Oasis on fee land (you own it), where stylish design meets desert charm. Boasting breathtaking mountain views, this stunning property features 5 bedrooms (3 en-suite), 4.5 baths, a large pool, relaxing hot tub, fire pit, and even a ping pong table making it the perfect retreat for families and friends alike.Accommodating up to 10 guests comfortably, this home showcases a generous primary suite and a private casita with a separate entrance, ensuring ultimate comfort and privacy. The thoughtfully redesigned kitchen and living area provide an inviting space for shared moments, all while exuding contemporary style. Step outside to your own private resort, complete with a sprawling pool and jacuzzi, all framed by picturesque mountain vistas. Enjoy evenings around the fire pit or challenge friends to a game of ping pong or bocce ball on your dedicated green.Nestled in a classic Mid-Century neighborhood in central Palm Springs, this oasis is just a quick 5-minute bike ride or a leisurely 10-minute walk to downtown. Close proximity to the airport, hiking trails, dining, and shopping adds to its appeal. Currently operating as a successful short-term rental, this property is perfect for savvy investors seeking a turn-key investment with a proven track record and thriving reputation. Don't miss this chance to own a piece of paradise in the heart of Palm Springs!

Condition Rating
Excellent

Despite being built in 1956, this property has undergone a beautiful and extensive renovation, as evidenced by the 'thoughtfully redesigned kitchen and living area' and the contemporary style seen throughout the images. The kitchen features modern white shaker cabinets, sleek grey countertops, a stylish black and white geometric backsplash, and new stainless steel Frigidaire appliances. Bathrooms are also updated with modern vanities, marble-look countertops, and contemporary fixtures, including a striking flamingo wallpaper in one. Flooring is consistent white tile, and light fixtures are modern. The property is presented as a successful short-term rental, indicating a high level of maintenance and modern amenities, aligning with the 'Excellent' criteria of being extensively renovated within 5 years with virtually new components and no deferred maintenance.
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 = 10019, living area = 2305.
Mid-Century Modern Style & Renovation: The property embodies the 'epitome of Mid-Century modern elegance' and has been 'beautifully renovated' with a 'thoughtfully redesigned kitchen and living area,' appealing to a highly sought-after aesthetic in Palm Springs.
Exceptional Outdoor Amenities & Views: Features 'breathtaking mountain views,' a 'large pool, relaxing hot tub, fire pit,' and recreational options like a 'ping pong table' and 'bocce ball green,' creating a private resort-like experience.
Strong Short-Term Rental Potential: Currently operating as a 'successful short-term rental' with a 'proven track record and thriving reputation,' making it a turn-key investment opportunity for savvy investors.
Prime Central Palm Springs Location: Nestled in a 'classic Mid-Century neighborhood' with excellent proximity to downtown (5-minute bike/10-minute walk), airport, hiking trails, dining, and shopping.
Spacious & Flexible Layout: Offers 5 bedrooms (3 en-suite) and 4.5 baths, comfortably accommodating up to 10 guests, including a 'private casita with a separate entrance' for enhanced privacy and versatility.

Cons

Significant Overpricing: The current list price of $1.675M is substantially higher than the estimated property value of $1.09M, and also exceeds the recent sales prices of several comparable properties in the area.
Age of Core Systems: Built in 1956, while renovated, the description does not explicitly detail updates to major infrastructure systems (e.g., HVAC, plumbing, electrical), which could lead to future maintenance concerns or efficiency issues.
Market Perception from Price Reduction: The property has already seen a significant price reduction from its original list price of $1.875M, which might signal to potential buyers that the property was initially overpriced or has been on the market for an extended period, potentially leading to expectations of further concessions.

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