1572 N Riverside Drive, Palm Springs, California 92264, Palm Springs, 92264 - 3 bed, 2 bath

1572 N Riverside Drive, Palm Springs, California 92264 home-pic-0
ACTIVE$1,099,000
1572 N Riverside Drive, Palm Springs, California 92264
3Beds
2Baths
1,845Sqft
10,454Lot
Year Built
1951
Close
-
List price
$1.1M
Original List price
$1.19M
Price/Sqft
$596
HOA
-
Days on market
-
Sold On
-
MLS number
25488277
Home ConditionExcellent
Features
Excellent View: Mountain(s)
Pool
Spa
Patio
ViewMountain(s)

About this home

Possibly Over-Priced:The estimated price is 40% below the list price. We found 3 Cons,6 Pros. Rank: price - $1.10M(38th), sqft - 1845(36th), beds - 3(50th), baths - 2(33th).

Experience the charm of this updated 1951 ranch-style home in the prestigious Tahquitz River Estates neighborhood of South Palm Springs -- a perfect retreat for personal enjoyment or as an investment property. This desert oasis offers 1,845 sq ft of living space on a 10,454 sq ft lot (per assessor), with sweeping views of Mt. San Jacinto from both the front and back yards. The property features new drought-tolerant landscaping and synthetic turf, creating a low-maintenance outdoor space that enhances its rental appeal. Inside, the spacious layout includes three bedrooms and two bathrooms, each equipped with a new mini-split unit for personalized climate control and year-round comfort. Enter to find a welcoming living room with a gas fireplace. The chef's kitchen, with a commercial-style range and oven, seamlessly connects to the den and dining area, making it ideal for hosting guests. The backyard is a private haven with a pool, spa, barbecue, and an outdoor dining area perfect for al fresco meals. A converted one-car garage provides bonus living space, currently housing the washer and dryer, which could be adapted as a home office, fitness area, or storage. Located directly across from Tahquitz Creek with a nature trail, and close to bustling Downtown Palm Springs, this home offers convenient access to dining, shopping, and entertainment. The property is also situated close to Smoke Tree Plaza and Ramon Road, offering convenient access to groceries, pharmacies, and other essential services. This move-in-ready property presents an exceptional opportunity as a primary residence, vacation home, or investment property.

Nearby schools

4/10
Cahuilla Elementary School
Public,K-50.5mi
4/10
Raymond Cree Middle School
Public,6-82.4mi
4/10
Desert Learning Academy
Public,K-120.6mi
6/10
Palm Springs High School
Public,9-120.9mi
Condition Rating
Excellent

Despite being built in 1951, this property has undergone an extensive and high-quality renovation, aligning with the 'extensively renovated within 5 years' criteria. The kitchen is virtually new with modern white shaker cabinets, dark countertops, high-end stainless steel appliances including a commercial-style range, and a wine fridge. Both bathrooms feature contemporary floating vanities, modern tiling, and updated fixtures. The home boasts consistent large-format tile flooring, modern lighting, and new mini-split HVAC units for personalized climate control, indicating a comprehensive and recent upgrade throughout.
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 = 10454, living area = 1845.
Prime Location & Neighborhood: Situated in the prestigious Tahquitz River Estates, directly across from Tahquitz Creek with a nature trail, and offering convenient access to bustling Downtown Palm Springs, dining, shopping, and essential services.
Outdoor Oasis & Mountain Views: Features sweeping views of Mt. San Jacinto from both front and back yards, complemented by a private backyard haven with a pool, spa, barbecue, and outdoor dining area, ideal for the Palm Springs lifestyle.
Investment & Rental Potential: Explicitly marketed as a perfect retreat for personal enjoyment or as an investment property, with features like low-maintenance landscaping enhancing its rental appeal.
Modern Comforts & Updates: The updated 1951 ranch-style home includes new mini-split units in each bedroom/bathroom for personalized climate control and a chef's kitchen with a commercial-style range and oven.
Low-Maintenance Exterior: New drought-tolerant landscaping and synthetic turf provide a low-maintenance outdoor space, a practical benefit in the desert climate.

Cons

Potential Overpricing: The listing price is significantly higher than the automated estimation value, suggesting the property may be perceived as overpriced relative to market data.
Age of Property: Built in 1951, the property's age, despite updates, may imply potential for older underlying infrastructure or higher long-term maintenance considerations compared to newer constructions.
Lack of Dedicated Garage Parking: The one-car garage has been converted into bonus living space, eliminating covered parking, which can be a drawback in Palm Springs' hot climate or for security.

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