702 Fountain Dr Drive, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 4 bath

702 Fountain Dr Drive, Palm Springs, California 92262 home-pic-0
ACTIVE$999,000
702 Fountain Dr Drive, Palm Springs, California 92262
3Beds
4Baths
2,084Sqft
5,662Lot

Price Vs. Estimate

The estimated value ($981,415.435) is $17,584.565 (1%) lower than the list price ($999,000). This property may be overpriced.

Key pros and cons

Top Pros:
Cutting-Edge Technology & Energy Efficiency: Equipped with solar panels, two Tesla Powerwall batteries, a whole-house water filtration system, zoned smart HVAC, and integrated smart home features, offering modern convenience and significant energy savings.
Top Cons:
Significant Monthly Association Fees: The $530.00 monthly association fee represents a substantial ongoing cost of ownership, which may be a consideration for some potential buyers.

Compared to the nearby listings

Price:$999.0K vs avg $925.0K (+$74,000)58%
Size:2,084 sqft vs avg 2,096 sqft49%
Price/sqft:$479 vs avg $49047%

More Insights

Built in 2021 (4 years old).
Condition: This property was built in 2021, making it virtually new construction. The listing explicitly states it's 'fully furnished and move-in-ready' with a 'sleek kitchen with modern finishes' and a 'dramatic primary suite with upgraded sliding doors.' Images confirm a contemporary design throughout, featuring a brand-new kitchen with modern flat-panel cabinetry, stainless steel appliances, and stylish lighting. Bathrooms are equally modern with clean lines, new tiling, and contemporary fixtures. The entire home boasts consistent large-format tile flooring, no visible carpets, and is equipped with cutting-edge energy-efficient and smart home technologies, including solar panels, Tesla Powerwalls, zoned smart HVAC, and a whole-house water filtration system. There is no deferred maintenance, and all components meet current quality standards, aligning perfectly with the 'Excellent' condition criteria.
Year Built
2021
Close
-
List price
$999K
Original List price
$1.1M
Price/Sqft
$479
HOA
$530
Days on market
-
Sold On
-
MLS number
219135228PS
Home ConditionExcellent
Features
Good View: Mountain(s), Pool
Pool
Patio
ViewMountain(s), Pool

About this home

Live the Miralon lifestyle at 702 Fountain Dr, a fully furnished and move-in-ready 3BD/3.5BA modern residence located in one of Palm Springs' most desirable gated communities. This turn-key Model Aura Residence 2B features 2,084 sq ft of interior space on a 5,662 sq ft lot, blending mid-century inspiration with contemporary design.The interiors reflect thoughtful creative touches, including custom designer wallpapers, a flex bedroom/offices, a sleek kitchen with modern finishes, and a dramatic primary suite with upgraded sliding doors opening to the private backyard. The great room features a sliding glass wall that frames mountain views and creates seamless indoor-outdoor flow.Energy-efficient and tech-forward features include solar panels with two Tesla Powerwall batteries, a whole-house water filtration and softener system with reverse osmosis, zoned HVAC with smartphone control, smart garage door and entry systems, cameras, automatic window shades, and a full-home audio system.The private outdoor space offers a pool, gas fire feature, luxury seating, palms, a fountain, and added privacy and mountain views from the lot's setback. Miralon amenities include miles of walking trails, over 7,000 olive trees, a cafe and bar, fitness center, dog parks, community garden, mountain views, and direct access to CV Link, Coachella Valley's new bike, pedestrian and golf cart throughway.

Condition Rating
Excellent

This property was built in 2021, making it virtually new construction. The listing explicitly states it's 'fully furnished and move-in-ready' with a 'sleek kitchen with modern finishes' and a 'dramatic primary suite with upgraded sliding doors.' Images confirm a contemporary design throughout, featuring a brand-new kitchen with modern flat-panel cabinetry, stainless steel appliances, and stylish lighting. Bathrooms are equally modern with clean lines, new tiling, and contemporary fixtures. The entire home boasts consistent large-format tile flooring, no visible carpets, and is equipped with cutting-edge energy-efficient and smart home technologies, including solar panels, Tesla Powerwalls, zoned smart HVAC, and a whole-house water filtration system. There is no deferred maintenance, and all components meet current quality standards, aligning perfectly with the 'Excellent' condition criteria.
Pros & Cons

Pros

Cutting-Edge Technology & Energy Efficiency: Equipped with solar panels, two Tesla Powerwall batteries, a whole-house water filtration system, zoned smart HVAC, and integrated smart home features, offering modern convenience and significant energy savings.
Luxurious Turn-Key Living: Fully furnished and move-in ready, featuring custom designer finishes, a sleek modern kitchen, and a dramatic primary suite, providing immediate high-end living without additional investment.
Exceptional Community Amenities: Located within the desirable Miralon gated community, offering extensive amenities including walking trails, olive groves, a cafe/bar, fitness center, dog parks, and direct access to CV Link.
Private Resort-Style Outdoor Space: The private backyard boasts a pool, gas fire feature, luxury seating, a fountain, and mountain views, enhanced by the lot's setback for added privacy.
Modern Construction & Design: Built in 2021, the residence blends mid-century inspiration with contemporary design, ensuring modern standards, aesthetics, and minimal immediate maintenance concerns.

Cons

Significant Monthly Association Fees: The $530.00 monthly association fee represents a substantial ongoing cost of ownership, which may be a consideration for some potential buyers.
Moderate Lot Size: While well-utilized, the 5,662 sq ft lot size might be considered moderate for a luxury single-family home in Palm Springs, potentially limiting expansive private outdoor space beyond the existing features.
Recent Price Adjustment: A recent price reduction from $1.1M to $999k, while making the property more competitive, could suggest initial overpricing or a longer market time, potentially influencing buyer perception or negotiation strategy.

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