1240 S Beverly Drive, Palm Springs, California 92264, Palm Springs, 92264 - 4 bed, 2 bath

1240 S Beverly Drive, Palm Springs, California 92264 home-pic-0
ACTIVE$1,249,000
1240 S Beverly Drive, Palm Springs, California 92264
4Beds
2Baths
2,286Sqft
9,583Lot

Price Vs. Estimate

The estimated value ($1,249,000) is $0 (0%) lower than the list price ($1,249,000). 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 = 9583, living area = 2286.
Top Cons:
Leased Solar System: The home operates with a leased solar system, which entails ongoing monthly payments and means the buyer does not own the asset outright, potentially affecting long-term energy cost savings or resale value.

Compared to the nearby listings

Price:$1.25M vs avg $1.28M ($-29,500)47%
Size:2,286 sqft vs avg 2,178 sqft57%
Price/sqft:$546 vs avg $59141%

More Insights

Built in 1977 (48 years old).
Condition: Despite being built in 1977, this property has undergone extensive and beautiful updates, making it move-in ready. The kitchen was updated in 2010 with modern features like soapstone countertops and stainless steel appliances, and the bathrooms are also beautifully updated with contemporary finishes. Crucially, major systems such as the roof (2021), A/C (2013), pool heater (2022), main swamp cooler (2022), and all dual-pane windows are either new or well within their expected lifespan. The overall aesthetic from the images is clean, modern, and well-maintained, supporting a 'good' condition rating.
Year Built
1977
Close
-
List price
$1.25M
Original List price
$1.29M
Price/Sqft
$546
HOA
$90
Days on market
-
Sold On
-
MLS number
25573353PS
Home ConditionGood
Features
Good View: Mountain(s)
Pool
Spa
Patio
ViewMountain(s)

About this home

PRICE REDUCTION. The hidden gem of South Palm Springs, Los Compadres Estates! This home defines "refined desert living". A major feature of Los Compadres Estates is the private and gated tennis courts, pickleball courts and large grassy area which is located just next door. This 4 bedroom 2 bath home has been extensively and beautifully updated. Once you enter the front gate there is a private and tranquil garden patio which sets the tone for the home. Inside the double front doors is an open concept living room and dining room with vaulted ceilings. Two sets of sliding glass doors flood these rooms with morning sun and create that indoor/outdoor Palm Springs lifestyle. The living room features a modern updated gas fireplace. Just off the dining area is a large den which features a wall of custom cabinetry providing lots of storage space and wine refrigerator. The updated (2010) chef's kitchen features soap stone counter tops, double ovens, 5 burner cook top, stainless appliances and abundant counter and storage space. Tile flooring gives cohesion to all of these areas. The ample sized primary bedroom is located at the back of the home with direct access to the pool/spa area. Primary en-suite is beautifully updated and features dual vanities, a large soaking tub and shower. The other 3 bedrooms, one currently being used as a home office, are just down the hall. They share a nice sized bathroom with a large glass tiled shower. All bedrooms are carpeted. The private backyard features multiple entertaining areas, pool/spa and mountain views. Los Compadres has no visible power lines or poles. Lots of additional updates include, A/C (2013), roof (2021), pool heater (2022), main swap cooler (2022) and all new dual pane windows. The 2 car garage has its own separate swamp cooler. Home has a leased solar system. All of this on LAND YOU OWN!

Nearby schools

4/10
Cahuilla Elementary School
Public,K-51.5mi
4/10
Raymond Cree Middle School
Public,6-83.0mi
4/10
Desert Learning Academy
Public,K-120.8mi
6/10
Palm Springs High School
Public,9-121.0mi
Condition Rating
Good

Despite being built in 1977, this property has undergone extensive and beautiful updates, making it move-in ready. The kitchen was updated in 2010 with modern features like soapstone countertops and stainless steel appliances, and the bathrooms are also beautifully updated with contemporary finishes. Crucially, major systems such as the roof (2021), A/C (2013), pool heater (2022), main swamp cooler (2022), and all dual-pane windows are either new or well within their expected lifespan. The overall aesthetic from the images is clean, modern, and well-maintained, supporting a 'good' condition rating.
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 = 9583, living area = 2286.
Extensive Updates & Modern Systems: The property boasts significant recent updates including A/C (2013), roof (2021), pool heater (2022), main swamp cooler (2022), and all new dual-pane windows, ensuring modern comfort and reduced maintenance concerns.
Updated Chef's Kitchen & Baths: Features an updated (2010) chef's kitchen with soapstone countertops, double ovens, a 5-burner cooktop, stainless appliances, and abundant storage. Both primary and secondary bathrooms are beautifully updated with modern fixtures.
Exceptional Outdoor Living & Views: The private backyard offers multiple entertaining areas, a pool/spa, and mountain views, complemented by a tranquil front garden patio, ideal for the Palm Springs lifestyle.
Desirable Community Amenities & Aesthetics: Located in Los Compadres Estates, residents benefit from private, gated tennis and pickleball courts, a large grassy area, and the aesthetic advantage of no visible power lines or poles.
Open Concept & Functional Interior: The home features an open concept living and dining room with vaulted ceilings, abundant natural light, a modern gas fireplace, and a large den with custom cabinetry and a wine refrigerator, offering flexible and refined living spaces.

Cons

Leased Solar System: The home operates with a leased solar system, which entails ongoing monthly payments and means the buyer does not own the asset outright, potentially affecting long-term energy cost savings or resale value.
Carpeted Bedrooms: All bedrooms are carpeted, which may not align with all buyers' preferences for hard flooring throughout, particularly for those with allergies or seeking easier maintenance.
Garage Cooling System: The 2-car garage is equipped with a separate swamp cooler, which is less effective than air conditioning, especially in Palm Springs' hot climate, and may not provide sufficient cooling for all uses.

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