1495 E Luna Way, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 3 bath
1495 E Luna Way
Palm Springs, California 92262
Property Price
SUMMARY
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1495 E Luna Way Subject | $750,000* List Price | 3 | 3 | 1,880 | $393 | - |
A 1804 N Nogales Way Sold | $718,000 | 3 | 2 | 1,892 | $379 | 0.6 mi |
B 1494 E Gem Circle Sold | $680,000 | 3 | 2 | 1,475 | $461 | 0.0 mi |
C 2643 E Venetia Road Sold | $599,900 | 3 | 2 | 1,550 | $387 | 0.8 mi |
D 2207 N Viminal Road Sold | $650,000 | 4 | 4 | 1,904 | $341 | 0.8 mi |
E 1481 E Padua Way Sold | $655,000 | 3 | 2 | 1,560 | $420 | 0.1 mi |
F 647 Poppy Street Sold | $540,000 | 3 | 2 | 1,588 | $340 | 0.6 mi |
G 2405 E Bellamy Road Pending | $799,000 List Price | 3 | 2 | 1,845 | $433 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1990, this property is 34 years old and appears to be in mostly original or minimally updated condition. While the listing describes it as move-in ready, it explicitly highlights the home as an opportunity for 'transformation' and 'upgrades,' particularly noting the outdoor kitchen needs work. The interior features, including the kitchen and bathrooms, likely reflect 1990s styling and older appliances, fitting the criteria for a well-maintained but aged home requiring modernization.
PROSSTRENGTHS & OPPORTUNITIES
- 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.
- Fee-Simple Land & Investment Potential
The property is located on fee-simple land with no land lease and is currently eligible for a short-term rental permit, offering significant financial security and immediate income potential in a high-demand market.
- Premium Lot & Mountain Views
Situated on a generous corner lot, the home features unobstructed mountain views and no overhead power lines, providing a clean aesthetic and a quintessential Palm Springs desert backdrop.
CONSRISKS & DEFICIENCIES
- Modernization Required
Built in 1990, the home is described as an opportunity for transformation and personalization, suggesting that cosmetic updates and renovations are needed to reach its full market potential.
- Average School Ratings
The local public schools, particularly the middle and high schools, carry relatively low ratings (4/10), which may be a drawback for families prioritizing top-tier educational districts.
About 1495 E Luna Way
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. Currently eligible for a short term rental permit from the City of Palm Springs. 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!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1990
- Lot Size
- 9,583 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Palm Springs Unified Schools
Vista Del Monte Elementary School
Grades K-5 • 0.6 mi
Raymond Cree Middle School
Grades 6-8 • 0.7 mi
Palm Springs High School
Grades 9-12 • 2.5 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,880 | 1,964 | 42% |
| Lot Size | 9,583 | 9,583 | 50% |
| Price | $750.0K | $895.0K | 33% |
| Price per sq ft | $399 | $477 | 29% |
| Built year | 1990 | 1989 | 51% |
| HOA | $0 | $0 | 50% |
| Days on market | 77 | 180 | 7% |
Pricing History
Listed for Sale
Dec 21, 2025
$750,000
Initial Listing
Sold
Jan 10, 2025
$715,000
Public Record
Sold
Jan 25, 2013
$360,000
Public Record
Sold
Sep 22, 2000
$177,500
Public Record
Sold
Jul 21, 1994
$114,000
Public Record