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4345 E Camino Parocela, Palm Springs, California 92264, Palm Springs, 92264 - 3 bed, 2 bath

4345 E Camino Parocela, Palm Springs, California 92264 home-pic-0
ACTIVE$899,000
4345 E Camino Parocela, Palm Springs, California 92264
3Beds
2Baths
1,474Sqft
8,276Lot

Price Vs. Estimate

The estimated value ($365,660.425) is $533,339.575 (59%) lower than the list price ($899,000). This property may be overpriced.

Key pros and cons

Top 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 = 8276, living area = 1474.
Top Cons:
Significant Overpricing: The listing price of $899,000 is substantially higher than the automated property estimation ($365,660) and recent comparable sales in the Demuth Park subdivision, suggesting it may be significantly overpriced for the current market.

Compared to the nearby listings

Price:$899.0K vs avg $1.28M ($-379,500)27%
Size:1,474 sqft vs avg 2,172.5 sqft18%
Price/sqft:$610 vs avg $59756%

More Insights

Built in 1953 (72 years old).
Condition: This 1953 mid-century modern home has undergone an extensive and high-quality renovation, bringing it to a virtually new standard. The 'gourmet chef's kitchen' features quartz countertops, sleek white cabinetry, a stylish hexagon backsplash, and top-of-the-line stainless steel appliances, all in excellent, modern condition. Both bathrooms are luxuriously updated with chic tiles, seamless glass enclosures, and modern vanities. The property also boasts a recently updated PebbleTec pool and spa, owned solar panels for low utility bills, and modern flooring (tile/polished concrete) and light fixtures throughout. All components appear new or virtually new, meeting current quality standards with no visible deferred maintenance.
Year Built
1953
Close
-
List price
$899K
Original List price
$899K
Price/Sqft
$610
HOA
-
Days on market
-
Sold On
-
MLS number
219125365DA
Home ConditionExcellent
Features
Excellent View: City Lights, Mountain(s)
Pool
Spa
Patio
ViewCity Lights,Mountain(s)

About this home

Discover this stunning AIRB&B READY 3-bedroom, 2-bathroom mid-century modern home, perfectly situated in the vibrant heart of Palm Springs. This property seamlessly blends classic Palm Springs charm with contemporary amenities, offering an exceptional living experience while also offering low utility bills ( you gotta love owned solar! ). The outdoor area features a recently updated PebbleTec pool and spa, complete with a relaxing Baja shelf, ideal for sunbathing and leisure. The expansive space is perfect for hosting gatherings, featuring a cozy firepit for cooler evenings. Encased by a substantial privacy hedge and adorned with fruit trees, the backyard offers a serene retreat. Inside, the gourmet chef's kitchen boasts quartz countertops, sleek white cabinetry, a stylish hexagon backsplash, and top-of-the-line stainless steel appliances. The luxurious primary suite features vaulted ceilings, clerestory windows, and sliding glass doors that provide direct access to the pool and showcase breathtaking mountain views. The en-suite bathroom includes a walk-in shower with chic tile, a seamless glass enclosure, a floating vanity, and a spacious walk-in closet. Both additional bedrooms are generously sized and offer direct access to the pool area, ensuring comfort and convenience for guests. Located in a neighborhood where less than 20% of properties are designated for short-term rentals, this home presents a prime opportunity for Airbnb hosting, a vacation getaway, or a primary residence. The combination of luxury amenities and favorable rental policies enhances its appeal in the Palm Springs market. Embrace the quintessential Palm Springs lifestyle with this exquisite property. Don't miss the chance to make this mid-century modern masterpiece your own!

Nearby schools

4/10
Agua Caliente Elementary School
Public,•K-5•0.9mi
4/10
Cahuilla Elementary School
Public,•K-5•2.3mi
4/10
Raymond Cree Middle School
Public,•6-8•3.0mi
6/10
Palm Springs High School
Public,•9-12•1.2mi
4/10
Desert Learning Academy
Public,•K-12•1.3mi
6/10
Cathedral City High School
Public,•9-12•2.8mi
Condition Rating
Excellent
This 1953 mid-century modern home has undergone an extensive and high-quality renovation, bringing it to a virtually new standard. The 'gourmet chef's kitchen' features quartz countertops, sleek white cabinetry, a stylish hexagon backsplash, and top-of-the-line stainless steel appliances, all in excellent, modern condition. Both bathrooms are luxuriously updated with chic tiles, seamless glass enclosures, and modern vanities. The property also boasts a recently updated PebbleTec pool and spa, owned solar panels for low utility bills, and modern flooring (tile/polished concrete) and light fixtures throughout. All components appear new or virtually new, meeting current quality standards with no visible 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 = 8276, living area = 1474.
Exceptional Short-Term Rental Potential: Explicitly marketed as 'AIRB&B READY' and located in a neighborhood with favorable short-term rental policies (less than 20% designated for STRs), offering a significant income-generating opportunity.
Owned Solar System: Features owned solar panels, leading to 'low utility bills' and providing a valuable cost-saving and environmentally friendly amenity.
Modern & Updated Interior: The home seamlessly blends classic mid-century charm with contemporary amenities, including a gourmet chef's kitchen with quartz countertops, sleek cabinetry, and top-of-the-line stainless steel appliances, and a luxurious primary suite with a modern en-suite bathroom.
Private Outdoor Oasis: The backyard boasts a recently updated PebbleTec pool and spa with a Baja shelf, a cozy firepit, substantial privacy hedging, and fruit trees, creating an ideal space for relaxation and entertaining.
Desirable Mid-Century Modern Style & Views: Retains its classic Palm Springs mid-century modern aesthetic, a highly sought-after style, complemented by breathtaking mountain views from the primary suite and direct pool access from all bedrooms.

Cons

Significant Overpricing: The listing price of $899,000 is substantially higher than the automated property estimation ($365,660) and recent comparable sales in the Demuth Park subdivision, suggesting it may be significantly overpriced for the current market.
Older Core Infrastructure: Built in 1953, while cosmetically updated, the property may still have older underlying infrastructure (e.g., plumbing, electrical, roof) that could require future maintenance or upgrades not explicitly mentioned as being fully replaced.
Modest Interior Square Footage: With 1474 sqft, the interior living space is relatively modest for its price point, especially when compared to some larger comparable properties in the area that sold for less.

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