248 E Palo Verde Avenue, Palm Springs, California 92264, Palm Springs, 92264 - 3 bed, 4 bath

248 E Palo Verde Avenue, Palm Springs, California 92264 home-pic-0
ACTIVE$2,699,000
248 E Palo Verde Avenue, Palm Springs, California 92264
3Beds
4Baths
3,313Sqft
12,197Lot

Price Vs. Estimate

The estimated value ($2,166,012.605) is $532,987.395 (19%) lower than the list price ($2,699,000). This property may be overpriced.

Key pros and cons

Top Pros:
Luxurious & Modern Design: An exceptional upscale modern Tuscan-style home combining timeless elegance with high-end finishes and thoughtful upgrades throughout.
Top Cons:
Potential Overpricing: The current listing price of $2.699M is significantly higher than the estimated property value of approximately $2.166M, suggesting it may be overpriced relative to market data.

Compared to the nearby listings

Price:$2.70M vs avg $1.28M (+$1,417,000)94%
Size:3,313 sqft vs avg 2,178 sqft84%
Price/sqft:$815 vs avg $59786%

More Insights

Built in 2009 (16 years old).
Condition: This property, built in 2009, is in exceptional condition, boasting numerous recent high-end upgrades that align with 'Excellent' criteria. The kitchen features new, top-tier BOSCH appliances with extended warranties, an induction cooktop, and a prep sink, all appearing pristine in the images. Bathrooms are luxurious, with the primary suite offering heated floors and a well-maintained, upscale design. Major systems are virtually new, including a brand new 8-ton HVAC system with a 10-year warranty, two tankless water heaters, a solar water heating system, and a 13kW owned solar system. The overall finishes are high-end, and the property is described as 'turn-key ready' with recent inspections, indicating no deferred maintenance and minimal physical depreciation.
Year Built
2009
Close
-
List price
$2.7M
Original List price
$2.7M
Price/Sqft
$815
HOA
-
Days on market
-
Sold On
-
MLS number
25479165
Home ConditionExcellent
Features
Good View: Mountain(s), Pool
Deck
Pool
Spa
Patio
ViewMountain(s), Pool

About this home

*Discover Your Dream Oasis in Tahquitz River Estates* This exceptional upscale modern Tuscan-style home combines timeless elegance with luxurious, state-of-the-art amenities, along with a brand new 8-ton HVAC/air conditioning system, with a 10-year warranty and concierge service for the first 3years! Charming brick paver driveway and walkways lead you into a meticulously designed space featuring natural Tuscan garden-inspired landscaping. Inside, the home showcases high-end finishes and thoughtful upgrades. Self-closing drawers throughout the house, and beneath the custom window seat cushions in the dining room, with a stunning imported French chandelier from the 1930s adds atouch of opulence. The kitchen features a large peninsula and island with a prep sink, induction cooktop, and new top-tier BOSCH appliances that also have a 3-year extended warranty, which include the dishwasher, built-in refrigerator, and double oven. The heart of the home also boasts upgraded water filtration and softener systems, 2 tankless water heaters for both the kitchen/laundry and bedrooms, and a solar water heating system for the kitchen/laundry area. A 13kW owned solar system, with 48 solar panels, which powers the home very efficiently. The primary suite is an oasis of comfort with heated floors in the bathroom, while throughout the home, upgraded lighting enhances the ambiance. The spacious garage features custom built-ins, overhead storage, epoxy finished floors, and a dedicated mini-split system for perfect climate control. Outside, the magnificent pool and spa, finished with imported glass tiles, provide the perfect backdrop for relaxation. The outdoor kitchen, complete with a grill and gas pizza oven, is perfect for entertaining, while the firepit and outdoor shower elevate the experience. Safety and comfort are paramount, with a fully integrated fire sprinkler system and a home-widesound system. This turn-key ready home has undergone thorough inspections, including both a home and termite inspection, and appraisal. Home Reports are complete and available for review, offering peace of mind for prospective buyers. Walking distance to downtown Palm Springs, yet far enough away to feel like you are in a private tucked away villa. Do not miss your chance to own this exceptional property. RAFFLE DRAWING - come by, see the property on SUNDAY, JUNE 22nd, and register to win one of 3 $50 gift cards.

Nearby schools

4/10
Cahuilla Elementary School
Public,K-50.3mi
4/10
Raymond Cree Middle School
Public,6-82.6mi
4/10
Desert Learning Academy
Public,K-121.4mi
6/10
Palm Springs High School
Public,9-121.6mi
Condition Rating
Excellent

This property, built in 2009, is in exceptional condition, boasting numerous recent high-end upgrades that align with 'Excellent' criteria. The kitchen features new, top-tier BOSCH appliances with extended warranties, an induction cooktop, and a prep sink, all appearing pristine in the images. Bathrooms are luxurious, with the primary suite offering heated floors and a well-maintained, upscale design. Major systems are virtually new, including a brand new 8-ton HVAC system with a 10-year warranty, two tankless water heaters, a solar water heating system, and a 13kW owned solar system. The overall finishes are high-end, and the property is described as 'turn-key ready' with recent inspections, indicating no deferred maintenance and minimal physical depreciation.
Pros & Cons

Pros

Luxurious & Modern Design: An exceptional upscale modern Tuscan-style home combining timeless elegance with high-end finishes and thoughtful upgrades throughout.
New, High-Efficiency HVAC System: Features a brand new 8-ton HVAC/air conditioning system with a 10-year warranty and 3 years of concierge service, ensuring comfort and peace of mind.
Gourmet Kitchen with Premium Appliances: The kitchen boasts a large peninsula and island, induction cooktop, and new top-tier BOSCH appliances (dishwasher, built-in refrigerator, double oven) with a 3-year extended warranty.
Significant Energy Efficiency: Equipped with a 13kW owned solar system (48 panels), 2 tankless water heaters, and a solar water heating system, leading to very efficient energy consumption.
Resort-Style Outdoor Living: The magnificent pool and spa with imported glass tiles, outdoor kitchen with grill and gas pizza oven, firepit, and outdoor shower create an ideal space for relaxation and entertaining.

Cons

Potential Overpricing: The current listing price of $2.699M is significantly higher than the estimated property value of approximately $2.166M, suggesting it may be overpriced relative to market data.
Lack of Explicit Short-Term Rental Information: The listing does not explicitly state if the property is eligible for short-term rentals, which could be a key factor for buyers interested in investment or vacation income in Palm Springs.
No Mention of HOA Status: The property description does not provide information regarding Homeowners Association (HOA) fees or status, which could be a point of inquiry for potential buyers.

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