504 W Sunview Avenue, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 2 bath

504 W Sunview Avenue, Palm Springs, California 92262 home-pic-0
ACTIVE$719,500
504 W Sunview Avenue, Palm Springs, California 92262
3Beds
2Baths
1,620Sqft
7,405Lot

Price Vs. Estimate

The estimated value ($703,872.515) is $15,627.485 (2%) lower than the list price ($719,500). 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 = 7405, living area = 1620.
Top Cons:
Multiple Price Reductions: The property has undergone several significant price drops since its initial listing, which may indicate an initial overvaluation or challenges in attracting buyers at previous price points.

Compared to the nearby listings

Price:$719.5K vs avg $925.0K ($-205,500)25%
Size:1,620 sqft vs avg 2,096 sqft31%
Price/sqft:$444 vs avg $49037%

More Insights

Built in 1996 (29 years old).
Condition: Despite being built in 1996, this property has undergone a recent, extensive, and high-quality renovation, explicitly described as 'fully remodeled' with 'no detail spared.' The kitchen features brand new, high-end stainless steel appliances, modern cabinetry, a large island, and a stylish tile backsplash. Bathrooms showcase contemporary fixtures like a multi-function shower panel. The interior boasts modern neutral flooring, fresh paint, and updated lighting. Furthermore, the exterior includes a brand new heated pool and spa, new fencing, and solar panels, indicating comprehensive upgrades to both aesthetics and mechanicals. All components appear new or virtually new, meeting current quality standards.
Year Built
1996
Close
-
List price
$720K
Original List price
$779K
Price/Sqft
$444
HOA
-
Days on market
-
Sold On
-
MLS number
SB25191547
Home ConditionExcellent
Features
Good View: Mountain(s)
Pool
Spa
Patio
ViewMountain(s)

About this home

Someone is going to get a great deal on this home and it might as well be YOU. If you’ve been searching for a Palm Springs investment property that is set up and ready to go for use as a short term rental - this is the one. And At 1620 Sq Ft, this home is much larger than the typical 3/2 on the market. The king-sized primary bedroom includes a private, en-suite bath and walk-in closet. The main interior spaces have all been entirely opened up and modernized to create a massive, open concept kitchen, dining room, and family room with clear sight lines and abundant sunlight from front to back. Brand new, high-end kitchen appliances and a huge kitchen island provide an inviting environment to prepare meals and entertain large groups. Crisp, fresh white paint and modern neutral colored flooring provide for a cohesive, clean, and exceptionally modern look. There is no denying you are in Palm Springs as soon as you walk through the front door!. Check out the 3D virtual tour link and the floor plan in the photos. All the work has already been done for you and most of the furniture will be included. That means that you can be up and running as soon as you get your permit. This SFR is on land you own is currently a successful Airbnb with positive cash flow. You don't need to lift a finger or do any work on this one. No detail has been spared with regard to both aesthetics and mechanicals here. All the work has already been done for so you. So whether you're planning to host short-term renters, seeking a long-term income property in a neighborhood primed for significant appreciation as the plan for “Tramview Heights” unfolds or you are looking for a full-time residence, this fully remodeled, home checks every box. Outside, a private oasis awaits with a brand new heated pool and spa, custom built natural gas fire pit, and multi-purpose lounging areas including an in-pool sun shelf for gazing at the desert sky. Brand new fencing ensures both privacy and security. The extensive list of upgrades is too long to list here but you can find a downloadable PDF in the listing supplements. This SFR is on land you own is currently a successful Airbnb with positive cash flow. Check it out on Airbnb - Google “Airbnb Joyce Ellen Palm Springs” and read the reviews. And if you keep the same property manager the reviews will carry over. Don't miss out on this one. MOTIVATED SELLER WANTS TO SEE ALL OFFERS!

Nearby schools

7/10
Katherine Finchy Elementary School
Public,K-52.1mi
4/10
Cahuilla Elementary School
Public,K-54.1mi
4/10
Raymond Cree Middle School
Public,6-81.8mi
6/10
Palm Springs High School
Public,9-123.8mi
4/10
Desert Learning Academy
Public,K-123.9mi
Condition Rating
Excellent

Despite being built in 1996, this property has undergone a recent, extensive, and high-quality renovation, explicitly described as 'fully remodeled' with 'no detail spared.' The kitchen features brand new, high-end stainless steel appliances, modern cabinetry, a large island, and a stylish tile backsplash. Bathrooms showcase contemporary fixtures like a multi-function shower panel. The interior boasts modern neutral flooring, fresh paint, and updated lighting. Furthermore, the exterior includes a brand new heated pool and spa, new fencing, and solar panels, indicating comprehensive upgrades to both aesthetics and mechanicals. All components appear new or virtually new, meeting current quality standards.
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 = 7405, living area = 1620.
Turnkey Short-Term Rental: The property is fully furnished, established as a successful Airbnb with positive cash flow, and ready for immediate operation upon permit acquisition, offering instant income potential.
Extensive Modern Renovation: Features a massive open-concept living area, brand new high-end kitchen appliances, modern finishes, and updated mechanicals, requiring no immediate work for a new owner.
Private Resort-Style Outdoor Living: Boasts a brand new heated pool and spa, custom natural gas fire pit, and multiple lounging areas, creating an attractive and private desert oasis.
Spacious & Well-Designed Interior: At 1620 sq ft, it's larger than typical 3/2 homes, offering a king-sized primary suite with en-suite bath and walk-in closet, complemented by abundant natural light.
Future Appreciation & Land Ownership: Located in a neighborhood with potential for significant appreciation due to the 'Tramview Heights' plan, and the property includes owned land, a key advantage in some Palm Springs areas.

Cons

Multiple Price Reductions: The property has undergone several significant price drops since its initial listing, which may indicate an initial overvaluation or challenges in attracting buyers at previous price points.
Motivated Seller Indication: The explicit mention of a 'motivated seller' often suggests a desire for a quick sale, potentially due to market resistance or personal circumstances, which could be perceived as a weakness in market positioning.
Reliance on Short-Term Rental Market: While currently successful, future profitability is tied to the dynamic and competitive Palm Springs short-term rental market, which can be subject to changing regulations and increased supply.

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