418 E Via Colusa, Palm Springs, California 92262, Palm Springs, 92262 - 4 bed, 4 bath

418 E Via Colusa, Palm Springs, California 92262 home-pic-0
ACTIVE$2,995,000
418 E Via Colusa, Palm Springs, California 92262
4Beds
4Baths
2,241Sqft
12,197Lot

Price Vs. Estimate

The estimated value ($2,611,293.68) is $383,706.32 (12%) lower than the list price ($2,995,000). This property may be overpriced.

Key pros and cons

Top Pros:
Exceptional Location & Walkability: Situated in the prestigious Movie Colony neighborhood, the property offers unparalleled convenience with a very short walking distance to downtown Palm Springs' dining, shopping, and entertainment.
Top Cons:
Listing Price vs. Estimated Value: The current listing price of $2.995M is higher than the estimated property value of $2.845M, which may suggest a premium or less immediate equity for a potential buyer.

Compared to the nearby listings

Price:$3.00M vs avg $925.0K (+$2,070,000)96%
Size:2,241 sqft vs avg 2,100 sqft55%
Price/sqft:$1.3K vs avg $49198%

More Insights

Built in 1935 (90 years old).
Condition: Despite being built in 1935, this property has undergone extensive and high-quality recent renovations, bringing it to a virtually new condition. The description explicitly states 'beautifully updated' with 'recent updates totaling over $100,000,' including a 'remodeled guest bath' and a new solar panel system. The images confirm a stunning, modern 'chef's kitchen' featuring custom cabinetry, a Thermador 8-burner range, a Sub-Zero refrigerator, dual dishwashers, and a waterfall island, all indicative of premium, recent upgrades. The visible bathroom in the images also appears modern and well-appointed. Flooring, light fixtures, and overall finishes throughout the home are contemporary and in excellent condition, showing no signs of deferred maintenance. The property meets current quality standards and is move-in ready without any immediate renovation needs.
Year Built
1935
Close
-
List price
$3M
Original List price
$3M
Price/Sqft
$1,336
HOA
-
Days on market
-
Sold On
-
MLS number
25606345PS
Home ConditionExcellent
Features
Good View: Mountain(s)
Pool
Patio
ViewMountain(s)

About this home

Located in the heart of the prestigious Movie Colony neighborhood, this beautifully updated single-level home offers both privacy and convenience, and a very short walking distance to downtown Palm Springs dining, shopping, and entertainment. Behind dual entry gates, the property features four bedrooms and three-and-a-half baths, including two primary suites with en suite baths. The open-concept living area includes beamed ceilings, a stone fireplace, and French doors leading to the backyard. The chef's kitchen is equipped with custom cabinetry, a Thermador 8-burner range, a Sub-Zero refrigerator, dual dishwashers, and a waterfall island, ideal for everyday living and entertaining. Outside, the private pool has unobstructed mountain views and new landscaping with accent lighting. Recent updates totaling over $100,000 include fresh exterior and interior paint, a remodeled guest bath, new fencing, gates, and a gas fire pit, along with a solar panel system and Ring security cameras. A two-car garage with epoxy flooring and ample guest parking completes the property. There is also an enclosed flex-space that could be used as a pool house, gym, or workshop. The home is on fee simple land (no land lease), and may be used as a vacation rental. This residence combines refined design, thoughtful updates, and an exceptional location in one of Palm Springs' most sought-after neighborhoods.

Nearby schools

7/10
Katherine Finchy Elementary School
Public,K-50.5mi
4/10
Raymond Cree Middle School
Public,6-81.0mi
4/10
Desert Learning Academy
Public,K-121.6mi
6/10
Palm Springs High School
Public,9-121.7mi
Condition Rating
Excellent

Despite being built in 1935, this property has undergone extensive and high-quality recent renovations, bringing it to a virtually new condition. The description explicitly states 'beautifully updated' with 'recent updates totaling over $100,000,' including a 'remodeled guest bath' and a new solar panel system. The images confirm a stunning, modern 'chef's kitchen' featuring custom cabinetry, a Thermador 8-burner range, a Sub-Zero refrigerator, dual dishwashers, and a waterfall island, all indicative of premium, recent upgrades. The visible bathroom in the images also appears modern and well-appointed. Flooring, light fixtures, and overall finishes throughout the home are contemporary and in excellent condition, showing no signs of deferred maintenance. The property meets current quality standards and is move-in ready without any immediate renovation needs.
Pros & Cons

Pros

Exceptional Location & Walkability: Situated in the prestigious Movie Colony neighborhood, the property offers unparalleled convenience with a very short walking distance to downtown Palm Springs' dining, shopping, and entertainment.
Extensive Recent Updates & Modern Amenities: Over $100,000 in recent updates including fresh paint, a remodeled guest bath, new fencing, gates, a gas fire pit, a solar panel system, and Ring security cameras, ensuring a modern and secure living experience.
High-End Chef's Kitchen: The property boasts a gourmet chef's kitchen featuring custom cabinetry, a Thermador 8-burner range, a Sub-Zero refrigerator, dual dishwashers, and a waterfall island, ideal for culinary enthusiasts.
Vacation Rental Potential & Fee Simple Land: The home is on fee simple land (no land lease), a significant advantage in Palm Springs, and is approved for use as a vacation rental, offering strong income-generating potential.
Private Outdoor Oasis with Mountain Views: The private backyard features a pool with unobstructed mountain views, new landscaping with accent lighting, and a gas fire pit, creating an ideal setting for relaxation and entertaining.

Cons

Listing Price vs. Estimated Value: The current listing price of $2.995M is higher than the estimated property value of $2.845M, which may suggest a premium or less immediate equity for a potential buyer.
Age of Original Construction: Built in 1935, despite extensive updates, the underlying older structure could potentially present unforeseen maintenance challenges or limitations not explicitly covered by recent renovations.
Lack of Specific HVAC Details: Given the Palm Springs climate, the description does not explicitly detail the condition or type of the cooling system, which could be a concern for buyers regarding comfort and energy efficiency, beyond the solar panels.

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