246 W Vereda Norte, Palm Springs, California 92262, Palm Springs, 92262 - 4 bed, 4 bath

246 W Vereda Norte, Palm Springs, California 92262 home-pic-0
ACTIVE$3,400,000
246 W Vereda Norte, Palm Springs, California 92262
4Beds
4Baths
3,433Sqft
15,682Lot
Year Built
1977
Close
-
List price
$3.4M
Original List price
$3.4M
Price/Sqft
$990
HOA
-
Days on market
-
Sold On
-
MLS number
219139680DA
Home ConditionExcellent
Features
Excellent View: Mountain(s)
Deck
Pool
Spa
Patio
ViewMountain(s)

About this home

Fairly Priced:The estimated price is in line with the list price. We found 4 Cons,6 Pros. Rank: price - $3.40M(96th), sqft - 3433(93th), beds - 4(64th), baths - 4(70th).

Own a rare, fully-updated, walled-compound estate in Old Las Palmas--Palm Springs' most iconic luxury neighborhood with no HOA and no gated-community restrictions. This designer-furnished desert retreat blends sophistication with unbeatable walkability to downtown Palm Springs' dining, shopping, and nightlife.Inside the home, you'll find brand-new flooring, a completely reimagined chef's kitchen, fresh designer paint, and curated high-end furnishings that make the home feel like a private boutique escape. The layout is ideal for homeowners and investors alike, featuring two private attached casitas (each with separate entrances and ensuite bathrooms)--perfect for hosting guests, generating rental income, or creating an ultra-private multi-suite compound lifestyle.Step outside to majestic western and mountain views of San Jacinto from both the front courtyard and resort-style backyard. The property is fully walled and gated with a remote-controlled entry gate for vehicles, offering the privacy and exclusivity of a traditional estate.Enjoy a sun-drenched pool + spa, expansive luxury resort deck, tranquil ambiance, and dramatic California sunsets that illuminate the mountains with gold. Whether you're seeking a primary residence, vacation retreat, or income-producing investment, this property qualifies for a short-term rental permit through the City of Palm Springs, making it a premium opportunity to own an asset that can help fund your future vacations while building equity.Live the Palm Springs estate lifestyle in the desert's most sought-after, non-gated, no-HOA luxury neighborhood--where privacy, design, and location converge into something extraordinary.Compound Estate ✔ No HOA ✔ Walk to Downtown ✔ Casitas ✔ Pool & Spa ✔ STR Permit Eligibility

Nearby schools

7/10
Katherine Finchy Elementary School
Public,K-50.6mi
4/10
Raymond Cree Middle School
Public,6-80.7mi
6/10
Palm Springs High School
Public,9-122.3mi
4/10
Desert Learning Academy
Public,K-122.4mi

Price History

Date
Event
Price
12/07/25
Listing
$3,400,000
04/02/24
Sold
$2,500,000
09/18/09
Sold
$800,000
10/27/00
Sold
$860,000
04/24/97
Sold
$550,000
07/22/96
Sold
$350,000
Condition Rating
Excellent

Despite being built in 1977, the property has undergone an extensive, high-end renovation, as evidenced by the 'fully-updated' description, 'brand-new flooring,' 'completely reimagined chef's kitchen,' and 'fresh designer paint.' The images confirm a pristine, modern aesthetic throughout, with new appliances, stylish light fixtures, and updated bathrooms featuring contemporary vanities and tiling. All visible components appear new or virtually new, meeting current quality standards with 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 = 15682, living area = 3433.
Prime Location & Walkability: Situated in Old Las Palmas, Palm Springs' most iconic luxury neighborhood, offering unbeatable walkability to downtown dining, shopping, and nightlife.
Income & Guest Accommodation Potential: Features two private attached casitas with separate entrances and ensuite bathrooms, ideal for guests or generating significant short-term rental income, further supported by eligibility for a City of Palm Springs STR permit.
Extensive High-End Updates: The property is fully-updated with brand-new flooring, a reimagined chef's kitchen, fresh designer paint, and curated high-end furnishings, providing a turnkey luxury experience.
Enhanced Privacy & Security: A walled-compound estate with a fully walled and gated perimeter, including a remote-controlled entry gate, ensures exceptional privacy and security without HOA restrictions.
Resort-Style Outdoor Living & Views: Boasts a sun-drenched pool and spa, an expansive luxury resort deck, and majestic western and mountain views of San Jacinto, perfect for entertaining and enjoying dramatic California sunsets.

Cons

MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.
Age of Core Structure: While extensively updated, the property was originally built in 1977, which may lead to buyer inquiries regarding the age and condition of underlying systems not explicitly mentioned as replaced.
High Maintenance Requirements: The extensive luxury features, including a large pool, spa, multiple casitas, and elaborate landscaping, imply higher ongoing maintenance costs and time commitment for upkeep.
Niche Market Appeal: As a high-end, luxury compound with a significant price point, the property appeals to a more exclusive and limited buyer pool, which could potentially impact market time.

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