504 Paragon Loop, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 3 bath

504 Paragon Loop, Palm Springs, California 92262 home-pic-0
ACTIVE$899,000
504 Paragon Loop, Palm Springs, California 92262
3Beds
3Baths
1,738Sqft
Lot

Price Vs. Estimate

The estimated value mostly matches the list price at $899,000.

Key pros and cons

Top Pros:
Prime Location & Gated Community: Located in ICON, an exclusive gated enclave moments from Palm Springs' vibrant Uptown Design District, offering convenient access to renowned restaurants, bars, galleries, and attractions.
Top Cons:
Ongoing HOA Fees: The property is subject to a monthly association fee of $317, which adds to the recurring cost of ownership.

Compared to the nearby listings

Price:$899.0K vs avg $925.0K ($-26,000)48%
Size:1,738 sqft vs avg 2,096 sqft38%
Price/sqft:$517 vs avg $49155%

More Insights

Built in 2018 (7 years old).
Condition: This property, built in 2018, is only 6 years old and falls well within the 'newly built' criteria for an excellent rating. The listing explicitly states it features 'newer construction' and has been 'thoughtfully upgraded with designer finishes and high-end amenities.' The kitchen boasts modern Bosch appliances, custom finishes, and a sleek island, while the bathrooms are described as 'spa-like' with contemporary fixtures and tiling, all appearing virtually new in the images. High-end features like an owned Tesla solar system, EV charging pre-wire, Sonos sound system, and Nest thermostat further confirm its top-tier condition, meeting current quality standards with no visible deferred maintenance or physical depreciation.
Year Built
2018
Close
-
List price
$899K
Original List price
$899K
Price/Sqft
$517
HOA
$317
Days on market
-
Sold On
-
MLS number
25610477
Home ConditionExcellent
Features
Good View: Mountain(s)
Pool
Spa
Patio
ViewMountain(s)

About this home

Experience the epitome of Palm Springs living at ICON, an exclusive gated enclave of newer construction, striking mid-century inspired homes just moments from the vibrant Uptown Design District. This sophisticated two-level residence has been thoughtfully upgraded with designer finishes and high-end amenities, offering a seamless blend of style, comfort, and convenience. The open-concept great room showcases soaring ceilings, flowing effortlessly to a private backyard retreat with custom landscaping, Pebble Tec saltwater pool, spa, and outdoor shower ideal for both serene relaxation and elevated entertaining. Inside, two upstairs bedroom suites each enjoy spa-like bathrooms, generous walk-in closets, and private balconies, while a third bedroom and full bath on the main level provide flexible living options. The chef's kitchen boasts Bosch appliances, counter seating, and custom finishes, perfectly integrated into the dining and living spaces. Luxury continues throughout with an LG washer/dryer, Sonos sound system, smart-home features including Nest thermostat, security system with door cam, custom window coverings, and upgraded flooring. An owned Tesla solar system and two-car garage prewired for EV charging further enhance the home's efficiency and convenience. Perfectly situated, ICON is within a short distance of Palm Canyon's renowned restaurants, bars, and galleries, with downtown Palm Springs, the Aerial Tramway, hiking trails, and Agua Caliente Casino just minutes away. With fee-simple ownership (you own the land) and 30-day minimum rental flexibility, this residence represents a rare opportunity to own a modern sanctuary in one of Palm Springs' most coveted communities.

Condition Rating
Excellent

This property, built in 2018, is only 6 years old and falls well within the 'newly built' criteria for an excellent rating. The listing explicitly states it features 'newer construction' and has been 'thoughtfully upgraded with designer finishes and high-end amenities.' The kitchen boasts modern Bosch appliances, custom finishes, and a sleek island, while the bathrooms are described as 'spa-like' with contemporary fixtures and tiling, all appearing virtually new in the images. High-end features like an owned Tesla solar system, EV charging pre-wire, Sonos sound system, and Nest thermostat further confirm its top-tier condition, meeting current quality standards with no visible deferred maintenance or physical depreciation.
Pros & Cons

Pros

Prime Location & Gated Community: Located in ICON, an exclusive gated enclave moments from Palm Springs' vibrant Uptown Design District, offering convenient access to renowned restaurants, bars, galleries, and attractions.
High-End Upgrades & Smart Home Technology: Thoughtfully upgraded with designer finishes, high-end Bosch appliances, custom window coverings, Sonos sound system, Nest thermostat, and a security system with door cam.
Luxurious Outdoor Oasis: Features a private backyard retreat with custom landscaping, a Pebble Tec saltwater pool, spa, and outdoor shower, ideal for relaxation and entertaining.
Energy Efficiency & EV Ready: Equipped with an owned Tesla solar system and a two-car garage prewired for EV charging, enhancing sustainability and reducing utility costs.
Fee-Simple Ownership & Rental Flexibility: Offers fee-simple ownership (you own the land) and flexible 30-day minimum rental options, providing investment potential in a coveted community.

Cons

Ongoing HOA Fees: The property is subject to a monthly association fee of $317, which adds to the recurring cost of ownership.
Limited Short-Term Rental Flexibility: While rentals are permitted, the 30-day minimum restriction may limit potential income for owners seeking daily or weekly rental opportunities common in tourist-heavy Palm Springs.
Potentially Smaller Lot Size/Density: As part of a newer gated enclave, the property may have a smaller lot size and higher density compared to more expansive, traditional Palm Springs estates, potentially limiting private outdoor space.

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