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533 N Sunrise Way, Palm Springs, California 92262, Palm Springs, 92262 - 2 bed, 2 bath

533 N Sunrise Way, Palm Springs, California 92262 home-pic-0
ACTIVE$550,000
533 N Sunrise Way, Palm Springs, California 92262
2Beds
2Baths
1,234Sqft
5,663Lot
Year Built
1952
Close
-
List price
$550K
Original List price
$650K
Price/Sqft
$446
HOA
-
Days on market
-
Sold On
-
MLS number
GD24208045
Home ConditionFair
Features
Good View: None
Pool
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 21% below the list price. We found 3 Cons,5 Pros. Rank: price - $550.0K(10th), sqft - 1234(5th), beds - 2(7th), baths - 2(41th).

Welcome to Your Desert Retreat in Iconic Movie Colony East. Nestled in the historic Movie Colony East, a neighborhood steeped in Hollywood glamour, this home offers a rare blend of timeless elegance and modern Palm Springs living. Once graced by legendary residents like Frank Sinatra, Bob Hope, and Bing Crosby, this prestigious area epitomizes desert sophistication. This charming two-bedroom, two-bathroom home is a perfect sanctuary, combining comfort and convenience. Situated outside the wind zone, you'll find a bright, open living space awash with natural light, seamlessly extending into your private backyard. Here, a sparkling pool awaits—ideal for cooling off on sun-drenched days—along with a fully equipped outdoor kitchen, making it an entertainer's paradise. The two spacious bedrooms feature ample closet space and are connected by a beautifully designed Jack-and-Jill bathroom, enhancing the home's thoughtful and harmonious layout. Best of all, the property comes fully furnished, allowing you to settle in and enjoy your oasis from day one. The best of Palm Springs awaits just beyond your door—boutique shopping, top-tier dining, and vibrant attractions are all within easy reach. Whether exploring the lively local scene or unwinding in the tranquility of your backyard, this home offers the finest in desert living, all in a neighborhood with a rich and storied past. This property is not on a land lease. This gem won't last long—ideal as a full-time residence or a vacation getaway.

Nearby schools

7/10
Katherine Finchy Elementary School
Public,•K-5•0.8mi
4/10
Raymond Cree Middle School
Public,•6-8•1.1mi
6/10
Palm Springs High School
Public,•9-12•1.0mi
4/10
Desert Learning Academy
Public,•K-12•1.1mi
Condition Rating
Fair
Built in 1952, this property shows signs of being well-maintained but has not undergone a recent extensive renovation. The kitchen features dated light wood cabinets, older-style countertops, and a mix of appliances, with only the refrigerator appearing somewhat modern. The bathrooms, including the Jack-and-Jill, have older tile work, traditional vanities, and dated light fixtures, indicating they are functional but not updated to contemporary standards. The presence of popcorn ceilings and terracotta-style tile flooring throughout the main living areas further suggests that while the home is clean and livable, its interior aesthetic and key components are largely outdated and would require significant cosmetic updates to align with current market expectations for 'modern Palm Springs living'.
Pros & Cons

Pros

Prestigious Location: Nestled in the historic Movie Colony East, a neighborhood known for its Hollywood glamour and past celebrity residents, offering a prime and desirable Palm Springs address outside the wind zone.
Exceptional Outdoor Living: Features a private backyard with a sparkling pool and a fully equipped outdoor kitchen, creating an ideal setting for relaxation and entertaining.
Turnkey & Fully Furnished: The property comes fully furnished, allowing for immediate occupancy and enjoyment, making it perfect as a full-time residence or a ready-to-rent vacation getaway.
No Land Lease: A significant financial advantage in Palm Springs, as the property is not subject to a land lease, avoiding additional monthly costs.
Functional Interior Layout: Offers a bright, open living space with natural light and a thoughtfully designed Jack-and-Jill bathroom connecting two spacious bedrooms.

Cons

Significant Overpricing: The current list price of $550,000 is substantially higher than the estimated property value of $432,474.92, suggesting potential overvaluation in the market.
Age of Property: Built in 1952, the home's age, while contributing to its charm, may imply a need for ongoing maintenance or future updates not explicitly detailed in the description.
Modest Square Footage: With 1234 sqft, the interior living space might be considered modest for some buyers, especially within a prestigious neighborhood where larger homes are common.

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