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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$1,880/sqft
Est. Value: $758,535
1%
FairlyEstimate
1495 E Luna Way, Palm Springs, California 92262
3Beds
3Baths
1,880Sqft
9,583Lot

Price Vs. Estimate

The estimated value ($758,535) is $8,535 (1%) lower than the list price ($750,000). 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 = 1880.
Top Cons:
Recently Sold Property: The property was recently sold within the past year on 2025-01-10. The sold price is $715,000.00.

Compared to the nearby listings

Price:$750.0K vs avg $900.0K ($-150,000)31%
Size:1,880 sqft vs avg 2,014 sqft42%
Price/sqft:$399 vs avg $47930%

More Insights

Built in 1990 (36 years old).
Condition: Built in 1990, this property is functional and move-in ready, but its overall aesthetic, particularly the kitchen, shows signs of being outdated. The kitchen features honey oak cabinets, granite countertops, and a tiled backsplash, which, while well-maintained, reflect styles from 15-20 years ago rather than current trends. Although some appliances appear updated (stainless steel refrigerator, dishwasher, range), the core design is not modern. The consistent tile flooring throughout is durable but also contributes to a dated feel. The listing description explicitly states it's an 'opportunity for buyers looking to update, personalize, or invest,' indicating that significant cosmetic updates are needed to meet contemporary standards. Without images of the bathrooms, it's reasonable to infer they are in a similar condition, functional but dated.
Year Built
1990
Close
-
List price
$750K
Original List price
$750K
Price/Sqft
$399
HOA
-
Days on market
-
Sold On
-
MLS number
219140264PS
Home ConditionFair
Features
Excellent View: Mountain(s)
Pool
Spa
Patio
ViewMountain(s)

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!

A
Alejandro Perez-Munoz
Listing Agent

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

Price History

Date
Event
Price
09/22/00
Sold
$177,500
07/21/94
Sold
$114,000
01/10/25
Sold
$715,000
01/25/13
Sold
$360,000
Condition Rating
Fair
Built in 1990, this property is functional and move-in ready, but its overall aesthetic, particularly the kitchen, shows signs of being outdated. The kitchen features honey oak cabinets, granite countertops, and a tiled backsplash, which, while well-maintained, reflect styles from 15-20 years ago rather than current trends. Although some appliances appear updated (stainless steel refrigerator, dishwasher, range), the core design is not modern. The consistent tile flooring throughout is durable but also contributes to a dated feel. The listing description explicitly states it's an 'opportunity for buyers looking to update, personalize, or invest,' indicating that significant cosmetic updates are needed to meet contemporary standards. Without images of the bathrooms, it's reasonable to infer they are in a similar condition, functional but dated.
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 = 1880.
Prime Palm Springs Location: Centrally located in the heart of Palm Springs, just minutes from downtown, shopping, dining, and top attractions, offering both lifestyle and long-term value.
Fee-Simple Land Ownership: The property is on fee-simple land, meaning full ownership without a land lease, which is a significant advantage in the Palm Springs market.
Extensive Outdoor Living: The private backyard boasts a pool, spa, covered patio, and a built-in outdoor kitchen, ready for upgrades to create a show-stopping retreat.
Flexible Layout & Space: Features a spacious layout with two master suites, providing flexibility for multi-generational living, a home office, or potential income-producing rental.
Desirable Views & Lot: Situated on a generous corner lot with unobstructed mountain views and no overhead wires, enhancing aesthetic appeal.

Cons

Recently Sold Property: The property was recently sold within the past year on 2025-01-10. The sold price is $715,000.00.
Requires Modernization/Updates: While move-in ready, the property is presented as an opportunity for buyers to update and personalize, suggesting current aesthetics or systems may be dated.
Potential for Additional Investment: The description implies that significant post-purchase investment will be required to unlock the property's 'full potential' and transform it into a 'show-stopping retreat'.
Age of Construction: Built in 1990, the property is over three decades old, which may mean some major systems or finishes could require updating to meet contemporary standards and preferences.
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