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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 ($2,098,704.03) is $600,295.97 (22%) lower than the list price ($2,699,000). This property may be overpriced.

Key pros and cons

Top Pros:
Extensive Luxury Upgrades: The property boasts state-of-the-art amenities, high-end finishes, and unique features like an imported French chandelier and heated bathroom floors, reflecting a commitment to luxury.
Top Cons:
Potential Overpricing: The current list price of $2.699M is notably above the estimated value of $2.098M and higher than several recently sold comparable properties, suggesting it may be priced aggressively.

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, has undergone extensive recent upgrades and features state-of-the-art amenities, qualifying it for an 'Excellent' rating. The description highlights a 'brand new air conditioning system,' 'new top-tier Bosch appliances' in the kitchen (including an induction cooktop, built-in refrigerator, and double oven), upgraded water filtration/softener systems, tankless water heaters, and a 13kW owned solar system. The primary bathroom boasts heated floors, and the pool/spa features imported glass tiles. The overall condition is described as 'turn-key ready' with recent inspections, indicating no deferred maintenance and minimal physical depreciation. The high-end finishes and modern systems throughout the home and outdoor areas meet current quality standards.
Year Built
2009
Close
-
List price
$2.7M
Original List price
$2.8M
Price/Sqft
$815
HOA
-
Days on market
-
Sold On
-
MLS number
DW25061639
Home ConditionExcellent
Features
Excellent View: Desert, Mountain(s), Pool
Pool
Spa
Patio
ViewDesert, Mountain(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 - with a brand new air conditioning system. 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 including a dishwasher, built-in refrigerator, and double oven. The heart of the home also boasts upgraded water filtration and softener systems, 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 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. 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. DO not miss your chance to own this exceptional property. NOTE: RAFFLE DRAWING - come by, see the property on Saturday, June 14th, and register to win one of 2 $50 gift cards.

Nearby schools

4/10
Cahuilla Elementary School
Public,•K-5•0.3mi
4/10
Raymond Cree Middle School
Public,•6-8•2.6mi
4/10
Desert Learning Academy
Public,•K-12•1.4mi
6/10
Palm Springs High School
Public,•9-12•1.6mi
Condition Rating
Excellent
This property, built in 2009, has undergone extensive recent upgrades and features state-of-the-art amenities, qualifying it for an 'Excellent' rating. The description highlights a 'brand new air conditioning system,' 'new top-tier Bosch appliances' in the kitchen (including an induction cooktop, built-in refrigerator, and double oven), upgraded water filtration/softener systems, tankless water heaters, and a 13kW owned solar system. The primary bathroom boasts heated floors, and the pool/spa features imported glass tiles. The overall condition is described as 'turn-key ready' with recent inspections, indicating no deferred maintenance and minimal physical depreciation. The high-end finishes and modern systems throughout the home and outdoor areas meet current quality standards.
Pros & Cons

Pros

Extensive Luxury Upgrades: The property boasts state-of-the-art amenities, high-end finishes, and unique features like an imported French chandelier and heated bathroom floors, reflecting a commitment to luxury.
Superior Energy Efficiency: Equipped with a brand new AC system, tankless water heaters, solar water heating, and a 13kW owned solar system (48 panels), offering significant energy savings and modern utility management.
Resort-Style Outdoor Living: Features a magnificent pool and spa with imported glass tiles, a fully equipped outdoor kitchen (grill, gas pizza oven), firepit, and outdoor shower, ideal for entertaining and relaxation.
Prime Walkable Location: Situated in the desirable Tahquitz River Estates, offering the rare combination of privacy and convenient walking access to downtown Palm Springs' amenities.
Turn-Key & Well-Maintained: Described as 'turn-key ready' with completed home and termite inspections available, providing prospective buyers with confidence in its excellent condition.

Cons

Potential Overpricing: The current list price of $2.699M is notably above the estimated value of $2.098M and higher than several recently sold comparable properties, suggesting it may be priced aggressively.
Limited Bedroom Count: With 3 bedrooms for a 3,313 sqft home, the bedroom count might be considered modest for its size and price point, potentially limiting appeal to larger families or those desiring more guest accommodations.
Niche Architectural Style: The 'modern Tuscan-style' is a distinct aesthetic that, while elegant, may not resonate with all buyers in the Palm Springs market, which often favors mid-century modern designs, potentially narrowing the buyer pool.

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