589 S Moutnain View Drive, Palm Springs, California 92264, Palm Springs, 92264 - bed, bath

589 S Moutnain View Drive, Palm Springs, California 92264 home-pic-0
ACTIVE$999,999
589 S Moutnain View Drive, Palm Springs, California 92264
0Bed
0Bath
2,885Sqft
10,018Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Income-Generating Potential: The property is a versatile duplex with a main unit and an attached studio with a kitchenette, both having separate gas and power meters, making it ideal for rental income (long-term or short-term) or guest accommodation.
Top Cons:
Original Construction Age: Built in 1951, the property's underlying structure is over 70 years old, which may imply potential for older, unmentioned systems (e.g., plumbing, electrical beyond solar) that could require future attention.

Compared to the nearby listings

Price:$1000.0K vs avg $871.6K (+$128,374.5)50%
Size:2,885 sqft vs avg 2,407 sqft50%
Price/sqft:$347 vs avg $36650%

More Insights

Built in 1951 (74 years old).
Condition: Despite being built in 1951, this property has undergone extensive and very recent renovations, meeting the criteria for 'extensively renovated within 5 years.' The kitchen was newly updated in 2022 with sleek cabinets, countertops, and modern stainless steel appliances, appearing virtually new. All bathrooms are modern with updated vanities, fixtures, and tiling. New flooring has been installed throughout the property. Furthermore, a new pool and spa were added in 2022, and solar panels with backup batteries were installed in 2024, indicating significant investment in modern amenities and energy efficiency. All visible components are new or in excellent condition, showing no deferred maintenance.
Year Built
1951
Close
-
List price
$1,000K
Original List price
$1.1M
Price/Sqft
$347
HOA
-
Days on market
-
Sold On
-
MLS number
SR25216845
Home ConditionExcellent
Features
Good View: Mountain(s)
Pool
Spa
Patio
ViewMountain(s)

About this home

Welcome to this stunning home located in one of Palm Springs' most desirable neighborhoods. This versatile property is ideal as a primary residence (or 2nd home), rental income property, or short-term rental (buyer to verify with City pertaining to allowance of SRT, permits, fees, etc). The front unit features three spacious bedrooms, two of which are ensuite, and three modern bathrooms, along with a newly updated kitchen complete with sleek cabinets and countertops installed in 2022. The interior boasts new flooring throughout, providing a fresh and contemporary feel. The second attached unit offers a studio and one bathroom, as well as a convenient kitchenette, making it perfect for guests or as an income-generating rental. Front and back unit have separate gas and power meters. The outdoor amenities are equally impressive, with a new pool and spa built in 2022, featuring a heated pool with soothing waterfalls for ultimate relaxation. The property also includes solar panels with two backup batteries installed in 2024, ensuring energy efficiency and significant savings. For those who love to entertain, there is a custom-built barbecue area, ideal for hosting gatherings. Additionally, the property comes with a detached two-car garage and a huge driveway that provides ample parking. This exceptional property offers a unique opportunity to enjoy the sunny Palm Springs lifestyle while benefiting from the flexibility to generate income. Don't miss out on this gem in a prime location!

Nearby schools

4/10
Agua Caliente Elementary School
Public,K-51.2mi
4/10
Cahuilla Elementary School
Public,K-51.8mi
4/10
Raymond Cree Middle School
Public,6-82.7mi
6/10
Palm Springs High School
Public,9-120.7mi
4/10
Desert Learning Academy
Public,K-120.8mi
6/10
Cathedral City High School
Public,9-123.2mi
Condition Rating
Excellent

Despite being built in 1951, this property has undergone extensive and very recent renovations, meeting the criteria for 'extensively renovated within 5 years.' The kitchen was newly updated in 2022 with sleek cabinets, countertops, and modern stainless steel appliances, appearing virtually new. All bathrooms are modern with updated vanities, fixtures, and tiling. New flooring has been installed throughout the property. Furthermore, a new pool and spa were added in 2022, and solar panels with backup batteries were installed in 2024, indicating significant investment in modern amenities and energy efficiency. All visible components are new or in excellent condition, showing no deferred maintenance.
Pros & Cons

Pros

Income-Generating Potential: The property is a versatile duplex with a main unit and an attached studio with a kitchenette, both having separate gas and power meters, making it ideal for rental income (long-term or short-term) or guest accommodation.
Extensive Modern Updates: Significant renovations completed recently, including a newly updated kitchen (2022), new flooring throughout, and a new pool and spa (2022), providing a fresh and contemporary feel.
Energy Efficiency & Savings: Equipped with solar panels and two backup batteries installed in 2024, ensuring energy efficiency and potential for significant utility cost savings.
Outdoor Entertainment & Amenities: Features a new heated pool with waterfalls, a spa, and a custom-built barbecue area, perfect for relaxation and hosting gatherings in the Palm Springs lifestyle.
Desirable Location & Views: Located in one of Palm Springs' most desirable neighborhoods and offers mountain views, enhancing its appeal and potential value.

Cons

Original Construction Age: Built in 1951, the property's underlying structure is over 70 years old, which may imply potential for older, unmentioned systems (e.g., plumbing, electrical beyond solar) that could require future attention.
Short-Term Rental (STR) Verification Required: The description explicitly states that the buyer must verify STR allowance, permits, and fees with the City, indicating potential complexities or restrictions for a key income strategy.
Unspecified HVAC Updates: While many features are new, there is no explicit mention of an updated or new HVAC system, which is a critical component for comfort in Palm Springs' hot climate, especially for an older home.

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