1387 E Verbena Drive, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 3 bath
1387 E Verbena Drive
Palm Springs, California 92262
Property Price
SUMMARY
Analysis of 1387 E Verbena Drive, Palm Springs, California 92262 reveals a property with a current list price of $1,200,000, which is 12% above the estimated $1,068,337 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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 |
|---|---|---|---|---|---|---|
★ 1387 E Verbena Drive Subject | $1,200,000* List Price | 3 | 3 | 1,742 | $613 | - |
A 1060 E Olive Way Sold | $1,170,000 | 3 | 3 | 2,331 | $502 | 0.4 mi |
B 562 N Saturmino Drive Sold | $1,025,000 | 4 | 3 | 2,077 | $494 | 0.3 mi |
C 544 N Tercero Circle Sold | $1,095,000 | 3 | 2 | 1,541 | $711 | 0.4 mi |
D 460 N Orchid Tree Lane Sold | $1,320,000 | 3 | 2 | 1,904 | $693 | 0.7 mi |
E 2271 E Calle Conejara Sold | $850,000 | 3 | 2 | 1,552 | $548 | 0.5 mi |
F 1641 E El Alameda Active | $967,000 List Price | 3 | 3 | 1,786 | $541 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
This 1957 mid-century home is in move-in ready condition, featuring high-quality updates that respect its architectural heritage. The kitchen is modernized with high-end stainless steel appliances and updated cabinetry, while the bathrooms feature contemporary fixtures and finishes. The property shows excellent maintenance of major systems and aesthetic elements, including the wood-beamed ceilings, stone fireplaces, and the outdoor pool/spa area. It fits the 'good' criteria as an extensively renovated character home with no immediate repairs required.
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 = 12197, living area = 1742.
- Prime Location
Situated in the highly coveted Movie Colony East neighborhood, this property offers a prestigious address just minutes from the premier dining, shopping, and entertainment of downtown Palm Springs.
- Versatile Guest Casita
The separate one-bedroom, one-bath casita provides excellent flexibility for a private home office, guest accommodations, or potential rental income, adding significant functional value.
CONSRISKS & DEFICIENCIES
- Limited Main House Bedrooms
With only two bedrooms in the main residence, the layout may be restrictive for larger families or buyers who prefer all primary living quarters under one roof.
- Average School Ratings
The assigned middle and high schools carry relatively low ratings (4 and 6 respectively), which may be a drawback for families prioritizing top-tier educational performance.
About 1387 E Verbena Drive
A charming mid-century home with Spanish flair, set behind lush, mature landscaping and framed by beautiful mountain views, awaits on a large lot in coveted Movie Colony East. This private desert home centers around a sparkling pool and spa, creating an inviting backdrop for both everyday living and effortless entertaining. The two-bedroom main home is rich in character, featuring stone fireplaces in both the living and dining rooms, stunning wood ceilings, and warm architectural details that blend classic mid-century lines with timeless Spanish influence. Every space is layered with texture, light, and unmistakable charm. A separate one-bedroom, one-bath casita offers ideal flexibility for guests, creative use, or income potential. Outdoor living is thoughtfully curated with an exterior fire feature and outdoor shower, completing this serene and soulful desert retreat, all just minutes from Palm Springs dining, shopping, and entertainment.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1957
- Lot Size
- 12,197 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Palm Springs Unified Schools
Katherine Finchy Elementary School
Grades K-5 • 0.5 mi
Raymond Cree Middle School
Grades 6-8 • 0.8 mi
Palm Springs High School
Grades 9-12 • 1.3 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 | 3.0 | 3.0 | 50% |
| Square foot | 1,742 | 1,964 | 38% |
| Lot Size | 12,197 | 9,583 | 82% |
| Price | $1.20M | $900.0K | 69% |
| Price per sq ft | $689 | $478 | 81% |
| Built year | 1957 | 1989 | 11% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 179 | 1% |
Pricing History
Listed for Sale
Feb 27, 2026
$1,200,000
Initial Listing
Sold
Sep 26, 2018
$679,000
Public Record
Sold
Sep 23, 2004
$600,000
Public Record
Sold
May 6, 2003
$417,500
Public Record
Sold
Aug 27, 1997
$240,000
Public Record