1019 Andreas Palms Drive, Palm Springs, California 92264, Palm Springs, 92264 - 4 bed, 5 bath
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Palm Springs, California 92264
This Large Mediterranean Estate is a Prime Investment Opportunity, listed at $2,395,000—positioned well below the $2,457,110 Fair Market Value by 2%. This valuation gap provides $62,110 in Instant Equity. Boasting a Condition Rating of 4, the 5,124 sqft single-level residence features Unobstructed Panoramic Mountain Views, a 32-panel solar system, and a resort-style Pool and Spa. Proximity to Palm Springs High School adds long-term lifestyle appeal. The dated interior offers significant upside for forced appreciation through cosmetic modernization. This is an ideal acquisition for Luxury Value-Add Investors or Owner-Occupants seeking a customizable trophy residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1019 Andreas Palms Drive Subject | $2,395,000* List Price | 4 | 5 | 5,124 | $480 | - |
A 64910 Montevideo Way Active | $2,239,000 List Price | 4 | 6 | 5,528 | $405 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2000, this property is well-maintained and functional, but its interior design, especially in the kitchen and bathrooms, reflects early 2000s aesthetics. The kitchen features dark wood cabinets and busy granite, while bathrooms have gold-trimmed showers and traditional tile. While clean and in good working order, these elements are dated and would require significant cosmetic updates to meet current market trends, aligning with the 'Investor Opportunity' implication.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 28314, living area = 5124.
The property offers breathtaking, unobstructed 180-degree panoramic views of the southern and western mountains, a highly desirable and premium feature in Palm Springs.
Boasting a generous 5,124 square feet of living space all on one level, situated on a substantial .65-acre lot, providing ample room, privacy, and ease of access.
The listing's explicit designation as an 'Investor Opportunity' may suggest the property requires significant capital investment for updates or renovations beyond the described features to maximize its potential.
While the kitchen is well-appointed, the 2000 build year and 'Investor Opportunity' tag could imply that other areas of this large Mediterranean estate may not reflect current design trends and might require modernization.
The sheer size of the home (5,124 sqft), large lot (.65 acre), and extensive amenities like a pool, spa, and mature landscaping will likely result in substantial ongoing expenses for utilities, pool service, and general property maintenance.
Investor Opportunity. Large Mediterranean estate in prestigious Andreas Palms. This 4 bedroom and 5 bathroom home spans 5,124 square feet of living space on ONE LEVEL, and has a 180 degree view from the backyard of southern and western mountains. Resting on a .65 acre lot, located in the south Palm Springs community of Andreas Palms, this intimate gated community is home to expansive homes, nice neighbors and UNOBSTRUCTED panoramic mountain views. The enormous kitchen includes two preparation and serving islands, granite counters, stainless steel appliances with gas cooking and walk-in pantry. Open to the dining area and living room, the heart of the home resides here with a one-of-a-kind stone fireplace/surround and French doors to the back patio and pool. The floor plan is wonderful with a complete separation of primary and guest bedrooms on opposite sides of the home. Two guest bedrooms with ensuite bathrooms and outdoor patio access sit adjacent to the living room. The extra large primary bedroom hosts a seating area, walk-in closet and a separate bonus room with sink & mini fridge great for an office or fitness area. The spacious primary bath includes individual water closets with dual sink vanities, a large walk-in shower and an separate soaking tub. The lush green outside area of this home is an entertainer's dream with lavish pool & spa area surrounded by park like settings. The back yard boasts large covered sitting areas, mature landscaping, a private pool and spa that waterfalls into the pool. Capture unobstructed views from the upper spa patio with no one behind you. Additional features include a long driveway, 3-car garage, fee land you own, 32-panel solar system and 180 degree mountain views. Enjoy the peacefulness and inspiring mountain views with no one behind you. Your Palm Springs retreat home.
No exterior & parking available.
Grades K-5 • 2.4 mi
Grades 6-8 • 4.9 mi
Grades K-12 • 3.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 68% |
| Baths | 5.0 | 3.0 | 86% |
| Square foot | 5,124 | 2,330 | 97% |
| Lot Size | 28,314 | 10,019 | 98% |
| Price | $2.40M | $1.44M | 86% |
| Price per sq ft | $467 | $623 | 26% |
| Built year | 2000 | 1977 | 67% |
| HOA | $175.0 | $0 | 67% |
| Days on market | 135 | 144 | 46% |
Mar 24, 2026
$2,395,000
$2,800,000
-14% Price Drop
Initial Listing
Jan 23, 2026
$2,800,000
Initial Listing
Nov 29, 2016
$1,400,000
Public Record
Dec 18, 2007
$1,650,000
Public Record
Jul 25, 2001
$1,003,000
Public Record
Oct 28, 1998
$167,000
Public Record