157 Mustang Lane, Palm Springs, California 92262, Palm Springs, 92262 - 4 bed, 4 bath

157 Mustang Lane, Palm Springs, California 92262 home-pic-0
ACTIVE$909,163
157 Mustang Lane, Palm Springs, California 92262
4Beds
4Baths
2,830Sqft
5,663Lot
Year Built
2025
Close
-
List price
$909K
Original List price
$909K
Price/Sqft
$321
HOA
$450
Days on market
-
Sold On
-
MLS number
SW25259866
Home ConditionExcellent
Features
Good View: Mountain(s)
Pool
Spa
Patio
ViewMountain(s)

About this home

Possibly Over-Priced:The estimated price is 6% below the list price. We found 4 Cons,5 Pros. Rank: price - $909.2K(49th), sqft - 2830(82th), beds - 4(64th), baths - 4(70th).

NEW CONSTRUCTION! Ready for Immediate Move-in! Includes Upgraded Flooring! This new two-story modern home features a spacious layout with ample room to grow. A bedroom with an en-suite bathroom can be found off the foyer, leading to an inviting open-concept floorplan. The luxurious owner’s suite is tucked into a private corner at the back of the home. Two additional bedrooms and a versatile bonus room can be found on the second level. The private backyard includes patio cover & pool! Miralon is a unique 309-Acre residential masterplan that blends modern living with the natural beauty of the Palm Springs desert landscape, offering a unique backdrop of mountain views and year-round sunshine. It is a collection of spaces that come together to create peace and energy, including an Amenity Center, three dog parks, u-pick gardens, over seven miles of walking trails, thousands of olive trees and 97-acres of open space. Vitality at Miralon offers five modern floorplan designs ranging from 1,841 – 2,937 square feet, with 3 – 4 bedrooms, 2 – 3.5 bathrooms and 2-bay garages. Homes include spacious indoor-outdoor living with sparkling private pools, spa and covered patios. Located in Palm Springs, a renowned resort city known for its hot springs, stylish hotels, golf courses and vibrant art scene. The community offers easy access to the I-10 and is situated at Indian Canyon Dr. and Sunrise Pkwy off the Hwy 111 corridor. Miralon is a short 10-minute drive to downtown Palm Springs. There are a total of 1,150 homes within the Miralon masterplan and Lennar’s Vitality community take up 93 of those homesites.

Price History

Date
Event
Price
11/13/25
Listing
$909,163
02/27/25
Sold
$900,000
Condition Rating
Excellent

This is a brand-new construction home, built in 2025, and explicitly stated as 'Ready for Immediate Move-in!' The images showcase a modern aesthetic throughout, including a contemporary kitchen with white cabinetry, light countertops, and stainless steel appliances, as well as bathrooms with modern vanities and fixtures. All components appear new, meeting current quality standards with no signs of wear or deferred maintenance, aligning perfectly with the 'excellent' condition criteria.
Pros & Cons

Pros

New Construction & Immediate Occupancy: Built in 2025, this is a brand-new home ready for immediate move-in, featuring upgraded flooring and minimizing initial maintenance concerns for the buyer.
Extensive Master-Planned Amenities: Part of the Miralon masterplan, residents benefit from an Amenity Center, three dog parks, u-pick gardens, over seven miles of walking trails, and 97 acres of open space.
Private Outdoor Living: The property boasts a private backyard complete with a patio cover and a sparkling pool, offering an ideal setting for relaxation and entertaining in the Palm Springs climate.
Prime Palm Springs Location: Situated in a renowned resort city, the community provides easy access to the I-10 and Hwy 111, and is just a 10-minute drive to vibrant downtown Palm Springs.
Modern & Versatile Floorplan: Features a spacious, open-concept layout with a convenient ground-floor en-suite bedroom, a luxurious owner's suite, and a versatile bonus room on the second level, accommodating diverse living needs.

Cons

Recently Sold Property: The property was recently sold within the past year on 2025-02-27. The sold price is $900,000.00.
High Monthly Association Fees: The property carries a substantial monthly association fee of $450.0, which adds significantly to the ongoing cost of homeownership.
Listed Above Estimated Value: The current listing price of $909,163 is approximately 6% higher than the property's estimated market value of $849,089, potentially indicating an overvaluation.
Large-Scale Community Environment: As part of a masterplan with 1,150 homes, the community might offer a less intimate neighborhood feel and could experience ongoing development activities in the broader area.

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