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1425 E Luna Way, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 2 bath

1425 E Luna Way, Palm Springs, California 92262 home-pic-0
ACTIVE$720,000
1425 E Luna Way, Palm Springs, California 92262
3Beds
2Baths
1,475Sqft
9,583Lot

Price Vs. Estimate

The estimated value ($720,000) is $0 (0%) lower than the list price ($720,000). 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 = 1475.
Top Cons:
Leased Solar System: While providing energy efficiency, the solar system is leased, which represents a long-term financial commitment that transfers to the new owner rather than an owned asset.

Compared to the nearby listings

Price:$720.0K vs avg $925.0K ($-205,000)26%
Size:1,475 sqft vs avg 2,096 sqft21%
Price/sqft:$488 vs avg $49049%

More Insights

Built in 1989 (36 years old).
Condition: Built in 1989, this property has undergone significant and recent upgrades, making it move-in ready. The description highlights a renovated pool, freshly painted kitchen cabinets, upgraded wood-grain doors, and double-pane energy-efficient windows. The kitchen features stainless steel appliances and painted cabinets, though the tile countertops are not a modern slab. Bathrooms are updated with tiled showers and modern vanities. While not a full, high-end renovation within the last 5 years, the extensive care and updates to major systems and finishes place it firmly in the 'Good' category, offering modern comfort and efficiency.
Year Built
1989
Close
-
List price
$720K
Original List price
$739K
Price/Sqft
$488
HOA
-
Days on market
-
Sold On
-
MLS number
25589269PS
Home ConditionGood
Features
Good View: Mountain(s)
Pool
Spa
Patio
ViewMountain(s)

About this home

Gorgeous Palm Springs Oasis | Fee Land | Leased Solar | Corner Lot | Pool Renovation | Thoughtful Upgrades | Own your Palm Springs dream! Step inside this energy-efficient, stylish retreat in the enclave of Quail Point, set on a corner lot with MOUNTAIN VIEWS. This three-bedroom, two-bath home has been beautifully upgraded inside and out, blending modern comfort with desert efficiency for effortless living. Enjoy a RENOVATED POOL: including underground piping, new valves, high-performance resurfacing, and a calming waterfall wall, perfect for entertaining in this desert hideaway. The ZERO-SCAPED YARD features a pet-friendly astroturf side yard, updated IRRIGATION SYSTEM, and low-maintenance desert landscape. Inside, you will find:* Dutch door entry and open 'tongue-n-groove' ceilings* Upgraded wood-grain doors throughout* Freshly painted kitchen cabinets, exterior overhang fascia, trim, and garage door* Gas fireplace and abundant natural light* Double-Pane energy-efficient windows* 220-VOLT E-Vehicle outlet* Durable clay tile roof* TRANSFERABLE LEASED SOLAR* Located on FEE LAND (you own the land) with NO HOA, this home is truly your own. Eligible for a short-term rental permit (under the neighborhood CAP), it also offers excellent investment potential. Every major system has been cared for, from pool upgrades to modern finishes, allowing you to move in and start enjoying Palm Springs living right away. Beautiful, efficient, and thoughtfully updated, this home checks every Palm Springs box. Come experience this haven in person.

Nearby schools

6/10
Vista Del Monte Elementary School
Public,•K-5•0.5mi
4/10
Raymond Cree Middle School
Public,•6-8•0.7mi
6/10
Palm Springs High School
Public,•9-12•2.5mi
4/10
Desert Learning Academy
Public,•K-12•2.7mi
Condition Rating
Good
Built in 1989, this property has undergone significant and recent upgrades, making it move-in ready. The description highlights a renovated pool, freshly painted kitchen cabinets, upgraded wood-grain doors, and double-pane energy-efficient windows. The kitchen features stainless steel appliances and painted cabinets, though the tile countertops are not a modern slab. Bathrooms are updated with tiled showers and modern vanities. While not a full, high-end renovation within the last 5 years, the extensive care and updates to major systems and finishes place it firmly in the 'Good' category, offering modern comfort and efficiency.
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 = 1475.
Fee Land & No HOA: The property is located on Fee Land, meaning the buyer owns the land outright, and benefits from no Homeowners Association (HOA) fees or restrictions, offering greater freedom and lower ongoing costs.
Extensive Modern Upgrades: The home has been beautifully upgraded inside and out, including a renovated pool with new piping and resurfacing, zero-scaped yard with astroturf and updated irrigation, fresh paint, and updated interior finishes like wood-grain doors and tongue-n-groove ceilings.
Energy Efficiency Features: Equipped with double-pane energy-efficient windows, a zero-scaped yard, and a transferable leased solar system, contributing to lower utility bills and a reduced environmental footprint.
Short-Term Rental Potential: Eligible for a short-term rental permit (under the neighborhood cap), offering excellent investment potential for income generation in the popular Palm Springs market.
Desirable Location & Amenities: Situated on a corner lot in the Quail Point subdivision with mountain views, and includes modern conveniences such as a 220-volt E-Vehicle outlet, enhancing its appeal to contemporary buyers.

Cons

Leased Solar System: While providing energy efficiency, the solar system is leased, which represents a long-term financial commitment that transfers to the new owner rather than an owned asset.
Absence of Explicit Cooling System: The description highlights energy-efficient windows but does not explicitly mention a central air conditioning system, which is a critical feature for comfort in Palm Springs' hot climate.
Short-Term Rental Cap Limitation: Although eligible for short-term rentals, the mention of being 'under the neighborhood CAP' suggests potential limitations or future competition for permits, which could impact long-term investment strategy.

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