731 E Arenas Road, Palm Springs, California 92262, Palm Springs, 92262 - 2 bed, 3 bath

731 E Arenas Road, Palm Springs, California 92262 home-pic-0
ACTIVE$680,000
731 E Arenas Road, Palm Springs, California 92262
2Beds
3Baths
1,596Sqft
Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Location: Located in the heart of downtown Palm Springs, adjacent to the Arenas District, offering easy access to dining, shopping, and entertainment.
Top Cons:
Association Fees: The monthly HOA fee of $726 could be a deterrent for some buyers.

Compared to the nearby listings

Price:$680.0K vs avg $658.8K (+$21,250)50%
Size:1,596 sqft vs avg 1,594.5 sqft50%
Price/sqft:$426 vs avg $40575%

More Insights

Built in 2003 (22 years old).
Condition: The property was built in 2003, placing it within the 10-20 year range. The listing description mentions upgrades, and the images show a modern kitchen with sleek cabinetry and quartz countertops, and spa-like bathrooms. The appliances appear to be in good condition. While not a recent full renovation, the property appears well-maintained and move-in ready.
Year Built
2003
Close
-
List price
$680K
Original List price
$699K
Price/Sqft
$426
HOA
$726
Days on market
-
Sold On
-
MLS number
25510651PS
Home ConditionGood
Features
Good View: Mountain(s), Pool
Deck
Pool
Spa
Patio
ViewMountain(s), Pool

About this home

Amazing value! Fee simple land (no land lease), OWNED solar, and immaculate condition. Experience the best of Palm Springs living in this meticulously maintained modern townhouse, ideally situated in the heart of downtown, adjacent to the newly established Arenas District. Thoughtfully upgraded and offered for sale for the first time since construction, this home showcases striking, award-winning contemporary design. Highlights include 9-foot ceilings, a floating iron and wood staircase, a gas fireplace, and gleaming tile floors. The stunning kitchen boasts sleek cabinetry and appliances, pristine quartz countertops, and ample storage. Two spacious primary suites feature spa-like ensuite baths, with the south suite offering a large walk-in closet, a steam shower, and picturesque views of the pool and mountains. Enjoy the private, walled patio surrounded by lush greenery, complete with a built-in gas line - perfect for a fire pit, grill, or outdoor dining area. Additional upgrades include a Navien tankless water heater, a Carrier AC system, and a three-stage water filtration system. Other conveniences include two deeded covered carport spaces just outside the kitchen entrance, central vacuum, bicycle storage, and gated access. Located in the heart of downtown Palm Springs, this home offers effortless access to the city's best dining, shopping, and entertainment, including Sherman's Deli, the International Film Festival, the Convention Center, and Agua Caliente Casino. The HOA covers earthquake insurance, water, refuse, pools and spas, and roof maintenance, making this an exceptional lock-and-leave opportunity in the city's most vibrant district.

Nearby schools

4/10
Cahuilla Elementary School
Public,K-50.8mi
4/10
Raymond Cree Middle School
Public,6-81.7mi
4/10
Desert Learning Academy
Public,K-121.1mi
6/10
Palm Springs High School
Public,9-121.3mi
Condition Rating
Good

The property was built in 2003, placing it within the 10-20 year range. The listing description mentions upgrades, and the images show a modern kitchen with sleek cabinetry and quartz countertops, and spa-like bathrooms. The appliances appear to be in good condition. While not a recent full renovation, the property appears well-maintained and move-in ready.
Pros & Cons

Pros

Prime Location: Located in the heart of downtown Palm Springs, adjacent to the Arenas District, offering easy access to dining, shopping, and entertainment.
Modern Upgrades: Features a remodeled kitchen with quartz countertops and sleek appliances, plus a Navien tankless water heater, Carrier AC, and water filtration system.
Fee Simple Land & Owned Solar: The property includes fee simple land (no land lease) and owned solar panels, providing long-term cost savings and value.
HOA Benefits: The HOA covers earthquake insurance, water, refuse, pools/spas, and roof maintenance, offering a low-maintenance lifestyle.
Desirable Features: Includes two primary suites with ensuite baths, a private walled patio, two covered carport spaces, and mountain/pool views.

Cons

Association Fees: The monthly HOA fee of $726 could be a deterrent for some buyers.
Price Reduction: The recent price reduction from $699,000 to $680,000 may indicate initial overpricing or market resistance.
Limited Outdoor Space: While there is a private patio, the overall outdoor space might be limited compared to single-family homes.

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