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1494 E Gem Circle, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 2 bath

1494 E Gem Circle, Palm Springs, California 92262 home-pic-0
ACTIVE$855,000
1494 E Gem Circle, Palm Springs, California 92262
3Beds
2Baths
1,475Sqft
9,583Lot

Price Vs. Estimate

The estimated value ($754,278.38) is $100,721.62 (11%) lower than the list price ($855,000). This property may be overpriced.

Key pros and cons

Top Pros:
Extensive Recent Upgrades: The property has undergone significant modern renovations, including replaced dual-paned windows and sliding doors, updated kitchen countertops and hardware, a remodeled guest bathroom, new flooring, a new water heater, and a new HVAC system, ensuring modern comfort and reduced immediate maintenance.
Top Cons:
Moderate Square Footage: At 1475 sqft for a 3-bedroom, 2-bathroom layout, the interior living space may be considered modest by some buyers, especially given the expansive corner lot.

Compared to the nearby listings

Price:$855.0K vs avg $925.0K ($-70,000)42%
Size:1,475 sqft vs avg 2,096 sqft21%
Price/sqft:$580 vs avg $49167%

More Insights

Built in 1990 (35 years old).
Condition: The property, built in 1990, has undergone extensive and recent renovations, including a new saltwater pool and spa (2023), replaced dual-pane windows and sliding doors, updated flooring, a new water heater, and a new HVAC system. The guest bathroom has been fully remodeled to a modern standard. These significant updates ensure major systems are functional and within their expected lifespan, making the home move-in ready with no immediate repairs needed. While the kitchen features updated countertops and new hardware, the white appliances and the specific teal cabinet color, though clean, prevent it from being considered 'virtually new' or meeting the highest 'modern luxury' aesthetic standards for an 'Excellent' rating. Overall, the property is in very good condition due to the comprehensive recent updates.
Year Built
1990
Close
-
List price
$855K
Original List price
$855K
Price/Sqft
$580
HOA
-
Days on market
-
Sold On
-
MLS number
219128592DA
Home ConditionGood
Features
Good View: Mountain(s), Pool
Pool
Spa
Patio
ViewMountain(s), Pool

About this home

Welcome to your desert oasis in Palm Springs. This home is the perfect blend of modern luxury and classic desert charm. Set on an expansive corner lot just minutes from downtown. This beautifully remodeled 3-bedroom, 2-bathroom home offers effortless indoor-outdoor living with a new saltwater pool, spa built in 2023, and views of the San Jacinto Mountains in the privacy of your backyard. Whether you're enjoying a peaceful morning with a cup of coffee, entertaining under the sun or evening stars, this resort-style setting delivers a true escape. Inside, you are greeted by an open and spacious living area, where dual paned windows and sliding doors have been replaced, both there and throughout the home. Other updates include kitchen countertops, new cabinet hardware, remodeled guest bathroom, updated flooring, water heater and new HVAC system which has been replaced within recent years. Short term rental permits available for this community, please check with the City of Palm Springs for any updates and verification. Whether you're looking for a full-time residence, a weekend getaway, or rental income property, this home checks every box. No Land Lease, you own the land, and No HOA fees. Call today for a tour of the sensational property.

Nearby schools

6/10
Vista Del Monte Elementary School
Public,•K-5•0.6mi
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
The property, built in 1990, has undergone extensive and recent renovations, including a new saltwater pool and spa (2023), replaced dual-pane windows and sliding doors, updated flooring, a new water heater, and a new HVAC system. The guest bathroom has been fully remodeled to a modern standard. These significant updates ensure major systems are functional and within their expected lifespan, making the home move-in ready with no immediate repairs needed. While the kitchen features updated countertops and new hardware, the white appliances and the specific teal cabinet color, though clean, prevent it from being considered 'virtually new' or meeting the highest 'modern luxury' aesthetic standards for an 'Excellent' rating. Overall, the property is in very good condition due to the comprehensive recent updates.
Pros & Cons

Pros

Extensive Recent Upgrades: The property has undergone significant modern renovations, including replaced dual-paned windows and sliding doors, updated kitchen countertops and hardware, a remodeled guest bathroom, new flooring, a new water heater, and a new HVAC system, ensuring modern comfort and reduced immediate maintenance.
New Saltwater Pool & Spa: A brand new saltwater pool and spa, built in 2023, provides a highly desirable, resort-style outdoor living experience, perfect for the Palm Springs climate and entertaining.
No Land Lease & No HOA Fees: The property offers full land ownership with no land lease and no Homeowners Association (HOA) fees, providing significant long-term financial savings and greater autonomy compared to many Palm Springs properties.
Short-Term Rental Income Potential: The community allows for short-term rental permits, offering excellent potential for rental income, making it an attractive option for investors or those seeking a part-time residence with revenue generation.
Desirable Location & Mountain Views: Situated on an expansive corner lot just minutes from downtown Palm Springs, the home boasts private views of the San Jacinto Mountains, enhancing its appeal as a desert oasis.

Cons

Moderate Square Footage: At 1475 sqft for a 3-bedroom, 2-bathroom layout, the interior living space may be considered modest by some buyers, especially given the expansive corner lot.
Age of Original Structure: While extensively remodeled, the home was originally built in 1990, meaning some underlying structural or system components, not explicitly mentioned as updated, are over 30 years old.
Short-Term Rental Permit Verification Required: The listing states that short-term rental permits are available but requires buyers to check with the City of Palm Springs for verification, indicating that the status is not pre-approved or guaranteed and requires buyer due diligence.

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