1244 S San Mateo Drive, Palm Springs, California 92264, Palm Springs, 92264 - 3 bed, 2 bath
1244 S San Mateo Drive
Palm Springs, California 92264
Property Price
SUMMARY
Analysis of 1244 S San Mateo Drive, Palm Springs, California 92264 reveals a property with a current list price of $1,398,000, which is 3% above the estimated $1,350,195 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Palm Springs Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1244 S San Mateo Drive Subject | $1,398,000* List Price | 3 | 2 | 1,558 | $867 | - |
A 3534 Las Pampas Way Sold | $1,280,000 | 3 | 2 | 1,532 | $836 | 0.6 mi |
B 1177 S Farrell Drive Sold | $1,265,000 | 3 | 2 | 1,560 | $811 | 0.1 mi |
C 2517 E Mesquite Avenue Sold | $1,235,000 | 3 | 2 | 1,560 | $792 | 0.1 mi |
D 1554 E San Lucas Road Sold | $1,510,000 | 3 | 3 | 2,022 | $747 | 0.8 mi |
E 2994 Guadalupe Road Sold | $1,385,000 | 3 | 4 | 1,830 | $757 | 0.4 mi |
F 1334 S San Joaquin Drive Active | $1,120,000 List Price | 3 | 2 | 1,560 | $718 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Despite being built in 1964, this property has undergone a 'meticulously renovated modern home' transformation, described as a 'comprehensive floor-to-ceiling' renovation. Key updates include brand-new dual-pane windows (2022), a newly installed HVAC system, updated electrical wiring and plumbing, and new interior/exterior doors. The kitchen features sleek modern cabinetry, Cambria quartz countertops, and stainless steel appliances, while the bathrooms boast modern vanities, quartz, and spa-inspired showers. Terrazzo tile flooring is consistent throughout. All components appear new or virtually new, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'Excellent' criteria for a property extensively renovated within the last 5 years.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 10454, living area = 1558.
CONSRISKS & DEFICIENCIES
About 1244 S San Mateo Drive
Welcome to this meticulously renovated modern home in one of South Palm Springs' most sought-after neighborhoods, Los Compadres. Situated on land you own, this home features a comprehensive floor-to-ceiling transformation, delivering high-end finishes and remarkable outdoor living spaces with breathtaking mountain views to the East, South, and West. It truly shows like a model! Step inside to discover an airy, open-concept floor plan bathed in natural light. The home boasts sleek modern cabinetry, Cambria quartz countertops, and terrazzo tile flooring throughout. The resort-style backyard is an entertainer's dream, featuring a sparkling pool, a separate in-ground spa, multiple outdoor living and dining areas, lush landscaping, and panoramic, wire-free mountain views. Additional highlights include brand-new dual-pane windows with custom window treatments (installed in 2022), updated electrical wiring and plumbing, as well as new interior and exterior doors. The home also features a newly installed HVAC system and paid-off solar panels for energy efficiency. There's no HOA, and the property qualifies for a Vacation Rental Certificate, making it an excellent opportunity for short-term rentals! The chef-inspired kitchen seamlessly opens to the living and dining areas, both of which offer sweeping views and easy access to the outdoor space. The backyard is beautifully framed by colorful, low-maintenance landscaping, creating a serene environment for relaxation. The primary ensuite retreat offers stunning views, direct access to the private backyard, and a spa-inspired bathroom with modern cabinetry, Cambria quartz countertops, dual sinks, and a large walk-in shower with a clerestory window, frameless glass, and dual showerheads. The two west-facing guest bedrooms are equally impressive, with mountain views, terrazzo tile flooring, and convenient access to the beautifully appointed hallway bathroom, featuring modern cabinetry, Cambria quartz countertops, dual sinks, and a shower/tub combination with dual showerheads. Additional features include an indoor laundry area, making this home as practical as it is stylish.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1964
- Lot Size
- 10,454 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Palm Springs Unified Schools
Cahuilla Elementary School
Grades K-5 • 1.2 mi
Raymond Cree Middle School
Grades 6-8 • 2.8 mi
Desert Learning Academy
Grades K-12 • 0.7 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 25% |
| Square foot | 1,558 | 2,303.5 | 18% |
| Lot Size | 10,454 | 10,454 | 50% |
| Price | $1.40M | $1.43M | 49% |
| Price per sq ft | $897 | $608 | 90% |
| Built year | 1964 | 1972 | 41% |
| HOA | $0 | $0 | 50% |
| Days on market | 123 | 163 | 25% |
Pricing History
Listed for Sale
Jan 27, 2026
$1,398,000
$1,475,000
-5% Price Drop
Initial Listing
Price Change
Nov 4, 2025
$1,475,000
Initial Listing
Sold
Nov 19, 2020
$630,000
Public Record