718 Las Palmas Estates Drive, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 4 bath

718 Las Palmas Estates Drive, Palm Springs, California 92262 home-pic-0
ACTIVE$5,295,000
718 Las Palmas Estates Drive, Palm Springs, California 92262
3Beds
4Baths
3,480Sqft
16,117Lot

Price Vs. Estimate

The estimated value ($4,332,592.63) is $962,407.37 (18%) lower than the list price ($5,295,000). 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 = 16117, living area = 3480.
Top Cons:
Significant Price Discrepancy: The listing price is notably higher (18% above) the estimated property value, which may require a strong justification or price adjustment to attract buyers.

Compared to the nearby listings

Price:$5.29M vs avg $925.0K (+$4,370,000)99%
Size:3,480 sqft vs avg 2,100 sqft95%
Price/sqft:$1.5K vs avg $49199%

More Insights

Built in 2025 (0 years old).
Condition: This property is a brand new model home, built in 2025, and is described as being 'fully furnished' with 'all furnishings, art, accessories and upgrades included.' The kitchen features high-end Wolf and Sub-Zero appliances, a large island, and modern cabinetry. The bathrooms are luxurious, particularly the master suite with its freestanding tub, dual rain showers, marble-look tiling, and unique outdoor Zen area with additional showers and a fire feature. All components are new, meet current quality standards, and show no signs of wear or deferred maintenance, perfectly aligning with the 'excellent' criteria.
Year Built
2025
Close
-
List price
$5.29M
Original List price
$5.29M
Price/Sqft
$1,522
HOA
$196.8
Days on market
-
Sold On
-
MLS number
219126617PS
Home ConditionExcellent
Features
Excellent View: Mountain(s)
Pool
Spa
Patio
ViewMountain(s)

About this home

''IMMEDIATE OCCUPANCY - MODEL HOME - FULLY FURNISHED'' ONE Las Palmas Model Home offered for the first time - live like you are on vacation in this new spectacular GATED community that provides unmatched exclusivity, commanding UP CLOSE views of DRY FALLS and the ultimate in privacy capturing the true essence of the Iconic Palm Springs lifestyle. Located in the highly south after Old Las Palmas neighborhood, practically at the heart of downtown Palm Springs, yet in a serene, protected enclave, this one-of-a-kind property provides unmatched exclusivity, a prime location with a limited collection of only ''twenty'' Mid-Century Inspired, Contemporary and Modern architecturally significant VIEW residences on large lots. Designed by Brian Foster, the homes celebrate the Famous Indoor/Outdoor Vibrant Palm Springs living experience while maintaining the Mid-Century roots for today's modern way of life. The uniquely designed PLAN THREE residence provides drama from every angle with a huge entertainer's great room, high ceilings, clerestory windows and 50 feet of 10' tall sliding glass doors opening to JAW DROPPING views. Oversized kitchen and island, Wolf and Sub-Zero appliances and wine wall. Each bedroom is en-suite with the master being a spa experience with its own private outdoor ZEN area having dual showers, bathtub, fire feature and day bed. The fully walled and gated property is centered around a resort style pool with waterfall, 10-person spa, BBQ and two shade structures including an outdoor fireplace, plus a separate fire feature. Move in ready with all furnishings, art, accessories and upgrades included. Single story, on fee land (not lease land) with low HOA fees.

Nearby schools

7/10
Katherine Finchy Elementary School
Public,K-51.0mi
4/10
Raymond Cree Middle School
Public,6-81.4mi
4/10
Desert Learning Academy
Public,K-122.3mi
6/10
Palm Springs High School
Public,9-122.3mi
Condition Rating
Excellent

This property is a brand new model home, built in 2025, and is described as being 'fully furnished' with 'all furnishings, art, accessories and upgrades included.' The kitchen features high-end Wolf and Sub-Zero appliances, a large island, and modern cabinetry. The bathrooms are luxurious, particularly the master suite with its freestanding tub, dual rain showers, marble-look tiling, and unique outdoor Zen area with additional showers and a fire feature. All components are new, meet current quality standards, and show no signs of wear or deferred maintenance, perfectly aligning with the 'excellent' criteria.
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 = 16117, living area = 3480.
Exceptional Location & Exclusivity: Situated in the highly desirable Old Las Palmas neighborhood, offering a serene, protected, and gated community setting with unmatched exclusivity, while being close to downtown Palm Springs.
Brand New & Architecturally Significant: A 2025-built model home designed by Brian Foster, featuring Mid-Century Inspired, Contemporary, and Modern architecture, ensuring a fresh and stylish living experience.
Luxurious Turnkey Offering: Fully furnished with high-end art, accessories, and upgrades, providing immediate occupancy and a seamless move-in experience for the discerning buyer.
Premium Indoor/Outdoor Living & Views: Designed to maximize the vibrant Palm Springs lifestyle with 50 feet of 10' tall sliding glass doors, high ceilings, and commanding views of Dry Falls and mountains.
High-End Finishes & Resort-Style Amenities: Equipped with Wolf and Sub-Zero appliances, a spa-like master suite, and a private resort-style backyard featuring a pool, 10-person spa, BBQ, and multiple fire features.

Cons

Significant Price Discrepancy: The listing price is notably higher (18% above) the estimated property value, which may require a strong justification or price adjustment to attract buyers.
Limited Customization: As a fully furnished model home, it offers little opportunity for a buyer to personalize finishes or design elements, which can be a drawback for those seeking bespoke luxury.
Specific Aesthetic Appeal: While well-designed, the 'Mid-Century Inspired, Contemporary and Modern' style, along with the 'Dry Falls' view, caters to a specific taste, potentially limiting the breadth of the buyer market.

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