1450 Lorena Way, Palm Springs, California 92262, Palm Springs, 92262 - 4 bed, 4 bath
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Palm Springs, California 92262
This Contemporary Desert Retreat is a Strong Value Opportunity, listed at $1,395,000—positioned well below the $1,383,099 Fair Market Value by a negligible margin, reflecting a stable, fair-market entry. With a Condition Rating of 3, the home features a new roof and solar system, ensuring long-term efficiency. The property offers a resort-style lifestyle with a private pool, spa, and guest casita set against spectacular mountain views. Its location in a Short-Term Rental friendly zone makes this an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-end desert sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1450 Lorena Way Subject | $1,395,000* List Price | 4 | 4 | 2,784 | $497 | - |
A 1615 Savvy Court Sold | $1,275,000 | 4 | 5 | 3,056 | $417 | 0.2 mi |
B 3010 N Farrell Drive Sold | $1,100,000 | 4 | 4 | 2,581 | $426 | 0.8 mi |
C 1420 Amelia Way Sold | $1,235,000 | 3 | 3 | 2,499 | $494 | 0.1 mi |
D 1658 Ava Court Sold | $1,300,000 | 3 | 3 | 2,432 | $535 | 0.3 mi |
E 1105 E Via Via San Michael Road Sold | $1,195,000 | 4 | 3 | 2,208 | $541 | 0.7 mi |
F 1157 Enamor Court Sold | $1,225,000 | 3 | 3 | 2,188 | $560 | 0.6 mi |
G 1045 E Deepak Road Sold | $1,550,000 | 3 | 4 | 2,692 | $576 | 0.6 mi |
H 1450 Lorena Way Active | $1,395,000 List Price | 4 | 4 | 2,784 | $501 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2004, the home is 22 years old but remains in well-maintained, move-in ready condition. It features significant system upgrades including a new roof and solar system. While the kitchen cabinetry and white appliances are dated (original to the build), the overall property is functional and high-end, avoiding the need for immediate repairs typical of the 'fair' category.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11326, living area = 2784.
The property features a private pool, spa, and a separate guest casita set against dramatic mountain views, offering a complete desert sanctuary experience.
Located in a desirable area where short-term rentals are permitted, providing a significant opportunity for investment income in a high-demand vacation market.
Situated in the North End of Palm Springs, the property is located in an area known for higher wind exposure compared to neighborhoods further south.
The assigned public schools have average ratings (4-6), which may be a drawback for families prioritizing high-performing educational districts.
Contemporary Desert Retreat in The Colony - North Palm Springs Welcome to 1450 Lorena Way, an ultra- contemporary residence situated on a premium corner lot in the highly desirable Colony neighborhood of North Palm Springs. Framed by breathtaking views of Mt. San Jacinto and the iconic Palm Springs Aerial Tramway, this home offers a truly stunning desert backdrop and a serene, resort-style setting. Designed for both comfortable living and effortless entertaining, the open-concept floor plan features a spacious living area that flows seamlessly into the formal dining room and expansive chef's kitchen. The kitchen is highlighted by an oversized island, walk-in pantry, and a convenient butler's pantry connecting to the dining area--great for hosting and everyday functionality. The home offers four generously sized bedrooms and three-and-a-half bathrooms, including a beautiful oversized primary suite that opens directly to the outdoor oasis. Step outside to enjoy the sparkling pool and spa, multiple conversation and lounging areas, dramatic landscape lighting, and a separate pool casita--optimal for guests, an office, or flexible living space. Additional highlights include a new roof, solar system, attached garage with built-ins, and remarkable, professionally landscaped grounds that enhance both privacy and the spectacular mountain views. Short Term Rentals are allowed in this area of the Colony. Located just minutes from Uptown Palm Springs, you'll enjoy easy access to world-class dining, shopping, and entertainment--while coming home to your own desert sanctuary. This exceptional property delivers the ultimate Palm Springs lifestyle: contemporary design, dramatic views, and resort-style intimacy.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades 6-8 • 0.5 mi
Grades 9-12 • 2.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 4.0 | 3.0 |
| Square foot | 2,784 | 2,076 |
| Lot Size | 11,326 | 10,454 |
| Price | $1.40M | $1.04M |
| Price per sq ft | $501 | $525 |
| Built year | 2004 | 1977 |
| HOA | $0 | $332 |
| Days on market | 33 | 75 |
Jun 19, 2026
$1,395,000
Initial Listing
Jul 23, 2004
$453,000
Public Record