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314 Desert Lakes Drive, Palm Springs, California 92264, Palm Springs, 92264 - 2 bed, 2 bath

314 Desert Lakes Drive, Palm Springs, California 92264 home-pic-0
ACTIVE$899,000
314 Desert Lakes Drive, Palm Springs, California 92264
2Beds
2Baths
1,923Sqft
3,049Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Architectural Heritage & Modern Renovation: Designed by renowned architect Richard E. Harrison (1967) and meticulously updated in 2024, offering a perfect blend of mid-century charm and modern elegance.
Top Cons:
Substantial Monthly HOA Fees: The high monthly association fee of $1654.00 significantly adds to the cost of ownership and could limit the pool of potential buyers.

Compared to the nearby listings

Price:$899.0K vs avg $442.4K (+$456,550)90%
Size:1,923 sqft vs avg 1,307 sqft83%
Price/sqft:$467 vs avg $34086%

More Insights

Built in 1968 (57 years old).
Condition: This property, originally built in 1968, has undergone a beautiful and thoughtful renovation in 2024, bringing it to an 'excellent' condition. The kitchen features sleek, high-gloss white cabinetry, modern black and white marble-look quartz countertops and backsplash, new black appliances (refrigerator, range, hood), and contemporary pendant lighting. The bathrooms are equally impressive with floating vanities, modern vessel sinks, black matte fixtures, backlit LED mirrors, and glass-enclosed showers. Throughout the home, there is consistent, clean grey tile flooring, recessed lighting, and a modern electric fireplace, indicating a comprehensive and high-quality update. All components appear new or virtually new, meeting current quality standards with no visible deferred maintenance.
Year Built
1968
Close
-
List price
$899K
Original List price
$949K
Price/Sqft
$467
HOA
$1,654
Days on market
-
Sold On
-
MLS number
219134115PS
Home ConditionExcellent
Features
Good View: Park/Greenbelt, Mountain(s), Trees/Woods
Patio
ViewPark/Greenbelt, Mountain(s), Trees/Woods

About this home

This beautifully renovated 2bedroom, 2-bath + den home offers a perfect blend of mid-century charm and modern elegance. Originally designed by renowned architect Richard E. Harrison in 1967, this spacious residence has been thoughtfully updated in 2024, enhancing its appeal while preserving its unique architectural integrity. The open floor-plan, expansive living and dining areas are perfect for entertaining, seamlessly flowing into a versatile den that can adapt to your lifestyle needs. Off the primary suite, you'll find an additional room currently used as a media room, ideal for a home office, yoga studio, or your personal retreat. Enjoy breathtaking Western views that highlight the beauty of the 7Lakes community, complete with a custom fireplace that adds warmth and character to your living space. This exceptional home is a true gem, offering comfort and sophistication in a sought-after location.The Seven Lakes Golf & Country Club community also known as the 'Gem of the Desert' where in 1968 President Eisenhower sank his only hole-in-one on the 13th hole of the Ted Robinson designed golf course. Community amenities include: 24-hour guard at gate, 15 pools/spas all heated at season, pickleball court, onsite HOA and sales office, electric car charging stations and famous William Cody designed clubhouse with restaurant/bar.

Nearby schools

4/10
Cahuilla Elementary School
Public,•K-5•2.5mi
4/10
Raymond Cree Middle School
Public,•6-8•3.9mi
4/10
Desert Learning Academy
Public,•K-12•1.8mi
6/10
Palm Springs High School
Public,•9-12•1.9mi
Condition Rating
Excellent
This property, originally built in 1968, has undergone a beautiful and thoughtful renovation in 2024, bringing it to an 'excellent' condition. The kitchen features sleek, high-gloss white cabinetry, modern black and white marble-look quartz countertops and backsplash, new black appliances (refrigerator, range, hood), and contemporary pendant lighting. The bathrooms are equally impressive with floating vanities, modern vessel sinks, black matte fixtures, backlit LED mirrors, and glass-enclosed showers. Throughout the home, there is consistent, clean grey tile flooring, recessed lighting, and a modern electric fireplace, indicating a comprehensive and high-quality update. All components appear new or virtually new, meeting current quality standards with no visible deferred maintenance.
Pros & Cons

Pros

Architectural Heritage & Modern Renovation: Designed by renowned architect Richard E. Harrison (1967) and meticulously updated in 2024, offering a perfect blend of mid-century charm and modern elegance.
Exclusive Community & Extensive Amenities: Located within the prestigious Seven Lakes Golf & Country Club, featuring 24-hour guard, 15 heated pools/spas, pickleball, EV charging, and a historic William Cody-designed clubhouse.
Versatile Floor Plan & Flexible Spaces: Boasts an open floor plan with expansive living/dining areas, a versatile den, and an additional room adaptable as a media room, home office, or yoga studio.
Prime Location & Panoramic Views: Situated in the highly desirable South End Palm Springs, offering breathtaking Western views of mountains, park/greenbelt, and the Seven Lakes community.
Recent Updates & Move-in Ready: Thoughtfully updated in 2024, ensuring modern functionality and aesthetic appeal while preserving its unique character, making it move-in ready.

Cons

Substantial Monthly HOA Fees: The high monthly association fee of $1654.00 significantly adds to the cost of ownership and could limit the pool of potential buyers.
Condominium Restrictions & Limited Private Space: As a condominium, it likely entails HOA rules and regulations, and the relatively small lot size (3049 sqft) offers less private outdoor space compared to a detached home.
Recent Price Adjustment: A recent price reduction from $949,000 to $899,000 could indicate a longer market time or initial overpricing, potentially influencing buyer perception of value.

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