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1495 E Luna Way, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 3 bath

1495 E Luna Way, Palm Springs, California 92262 home-pic-0
ACTIVE$750,000
1495 E Luna Way, Palm Springs, California 92262
3Beds
3Baths
1,880Sqft
9,583Lot

Price Vs. Estimate

The estimated value ($750,000) is $0 (0%) lower than the list price ($750,000). This property may be overpriced.

Key pros and cons

Top Pros:
Location & Ownership: Prime Palm Springs location on desirable fee-simple land, avoiding common land lease issues prevalent in the area.
Top Cons:
Requires Modernization: While move-in ready, the property explicitly states it needs updates and personalization to unlock its full potential, suggesting dated finishes or systems.

Compared to the nearby listings

Price:$750.0K vs avg $925.0K ($-175,000)30%
Size:1,880 sqft vs avg 2,096 sqft40%
Price/sqft:$399 vs avg $49031%

More Insights

Built in 1990 (35 years old).
Condition: Built in 1990, this property is 34 years old. While described as 'move-in ready,' the listing explicitly states it's an 'opportunity for buyers looking to update, personalize, or invest,' indicating it has not undergone extensive recent renovations. The visible interior elements, such as the consistent tile flooring, traditional ceiling fans, and light fixtures, appear well-maintained but are dated. Although no direct images of the kitchen or main bathrooms are provided, the overall aesthetic and description suggest these areas are functional but would benefit from modern updates, aligning with the 'Fair' condition criteria for homes that are aged but maintained, with major components showing signs of being outdated.
Year Built
1990
Close
-
List price
$750K
Original List price
$750K
Price/Sqft
$399
HOA
-
Days on market
-
Sold On
-
MLS number
219132388PS
Home ConditionFair
Features
Excellent View: Mountain(s), Pool
Pool
Spa
Patio
ViewMountain(s), Pool

About this home

Located in the heart of Palm Springs, this 1,880 sq. ft. home on fee-simple land (no land lease) offers a rare opportunity to unlock the full potential of desert living. With a spacious layout that includes two master suites, there's flexibility to create the ideal space for multi-generational living, a home office, or even an income-producing rental.The home sits on a generous corner lot with unobstructed mountain views and no overhead wires--providing the perfect backdrop for transformation. The private backyard features a pool, spa, covered patio, and a built-in outdoor kitchen--ready for upgrades to turn it into a show-stopping retreat.Additional features include a three-car garage, offering ample storage and parking. While the property is move-in ready, it presents a great opportunity for buyers looking to update, personalize, or invest in one of Palm Springs' most desirable neighborhoods.Just minutes from downtown, shopping, dining, and all the area's top attractions, this is a home with both lifestyle and long-term value. Bring your vision and seize this opportunity!

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
Fair
Built in 1990, this property is 34 years old. While described as 'move-in ready,' the listing explicitly states it's an 'opportunity for buyers looking to update, personalize, or invest,' indicating it has not undergone extensive recent renovations. The visible interior elements, such as the consistent tile flooring, traditional ceiling fans, and light fixtures, appear well-maintained but are dated. Although no direct images of the kitchen or main bathrooms are provided, the overall aesthetic and description suggest these areas are functional but would benefit from modern updates, aligning with the 'Fair' condition criteria for homes that are aged but maintained, with major components showing signs of being outdated.
Pros & Cons

Pros

Location & Ownership: Prime Palm Springs location on desirable fee-simple land, avoiding common land lease issues prevalent in the area.
Flexible Living Space: Features a spacious layout with two master suites, offering versatility for multi-generational living, home office, or potential rental income.
Desirable Lot & Views: Sits on a generous corner lot providing unobstructed mountain views and no overhead wires, enhancing curb appeal and privacy.
Private Outdoor Oasis: Includes a private backyard with a pool, spa, covered patio, and built-in outdoor kitchen, ideal for desert entertaining.
Value-Add Potential: Offers significant opportunity for buyers to update and personalize, allowing for immediate equity gain and tailored design.

Cons

Requires Modernization: While move-in ready, the property explicitly states it needs updates and personalization to unlock its full potential, suggesting dated finishes or systems.
Outdoor Kitchen Condition: The built-in outdoor kitchen is noted as 'ready for upgrades,' indicating it may not be fully functional or aesthetically current.
Age of Construction: Built in 1990, the home's age implies that some components or aesthetics may be original and require renovation to meet modern buyer expectations.

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