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2140 E Park Drive, Palm Springs, California 92262, Palm Springs, 92262 - 4 bed, 4 bath

2140 E Park Drive, Palm Springs, California 92262 home-pic-0
ACTIVE$1,499,000
2140 E Park Drive, Palm Springs, California 92262
4Beds
4Baths
2,096Sqft
8,712Lot
Year Built
1958
Close
-
List price
$1.5M
Original List price
$1.65M
Price/Sqft
$715
HOA
-
Days on market
-
Sold On
-
MLS number
25501359PS
Home ConditionExcellent
Features
Good View: Mountain(s)
Pool
Patio
ViewMountain(s)

About this home

Possibly Over-Priced:The estimated price is 35% below the list price. We found 3 Cons,6 Pros. Rank: price - $1.50M(79th), sqft - 2096(50th), beds - 4(64th), baths - 4(70th).

PRICED TO SELL in the desirable Sunrise Park neighborhood located in central Palm Springs! Creatively refreshed, preserved characteristics are seamlessly reflected in classic open beam ceilings featuring clerestory windows that frame perpetual blue skies and offer abundant light. The open flow floor plan encourages entertaining and the generous use of wood accents give the interior finishes a warm organic vibe while decorative appointments reflect a lux but casual appeal. The perfect composition for hosting friends and family or a stylish vacation rental with four bedrooms; three of which are en-suite with spa-inspired bathrooms. Steps away through glass doors, an ample flagstone clad terrace surrounds a sparkling pebble Tec pool offering a resort-like feeling. The grounds have been professionally landscaped, with multiple seating areas including a fire pit nestled within your private desert oasis. The outdoor grill and dining extend the invitation for outdoor dining. With many recent upgrades, and improvment's this beautiful home is ready to move into. The four bedrooms make this a great vacation rental property. Currently this neighborhood has availability for vacation rental permits,

Condition Rating
Excellent
Despite being built in 1958, this property has undergone extensive and recent renovations, aligning with the 'extensively renovated within 5 years' criteria. The kitchen features modern grey shaker cabinets, white quartz countertops, and new stainless steel appliances (including a wine fridge), all in excellent condition. The bathrooms are spa-inspired with contemporary vanities, updated fixtures, and large format tiling, appearing virtually new. Throughout the home, there is consistent, light-colored hardwood-style flooring and modern light fixtures. The description explicitly states 'creatively refreshed' and 'many recent upgrades, and improvment's,' indicating a high-quality, move-in ready condition with minimal physical depreciation.
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 = 8712, living area = 2096.
Strong Vacation Rental Potential: The property is explicitly marketed as a 'great vacation rental property' with 4 bedrooms (3 en-suite) and confirmed availability for vacation rental permits in the neighborhood, offering significant income potential.
Desirable Location & Mountain Views: Located in the 'desirable Sunrise Park neighborhood' in central Palm Springs, offering convenient access and attractive mountain views, enhancing its appeal to residents and renters.
Turnkey & Updated Mid-Century Charm: Creatively refreshed with many recent upgrades and improvements, the home is 'ready to move into' while preserving classic mid-century characteristics like open beam ceilings and clerestory windows.
Resort-Style Outdoor Living: Features a sparkling pebble Tec pool, professionally landscaped grounds with multiple seating areas, a fire pit, and an outdoor grill with dining, creating an ideal private desert oasis for entertaining.
Functional Layout & En-suite Bedrooms: The open flow floor plan is conducive to entertaining, and the inclusion of four bedrooms, three of which are en-suite with spa-inspired bathrooms, provides comfort and privacy for guests or family.

Cons

Significant Price Discrepancy: The current listing price of $1.499M is substantially higher (35% above) the estimated property value of $966,824.88, which may indicate overpricing relative to market data.
Older Construction: Built in 1958, despite recent refreshes, the underlying infrastructure and systems may be older, potentially leading to higher maintenance costs or future upgrade requirements not explicitly detailed.
Market Performance & Price Reduction: The property has been on the market for approximately three months and has already undergone a significant price reduction from its original list price of $1.649M, suggesting challenges in attracting buyers at its initial valuation.

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