1586 S San Mateo Drive, Palm Springs, California 92264, Palm Springs, 92264 - 3 bed, 3 bath
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Palm Springs, California 92264
This Spacious Single-Family Residence represents a High-Potential Investment Opportunity, listed at $1,375,000—positioned above the $1,342,806 Fair Market Value. While the property is priced at market, its Fair Condition Rating and 1980s aesthetic provide a clear path for value-add renovations. Featuring a Granite Kitchen, Dual-Primary Bedrooms, and a private Pool & Spa, the home offers immediate lifestyle appeal. Located in the desirable Los Compadres neighborhood, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a customizable desert sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1586 S San Mateo Drive Subject | $1,375,000* List Price | 3 | 3 | 2,300 | $584 | - |
A 1094 S Paseo De Marcia Sold | $1,150,000 | 3 | 3 | 2,525 | $455 | 0.8 mi |
B 1274 S Beverly Drive Sold | $1,050,000 | 3 | 3 | 2,045 | $513 | 0.4 mi |
C 2795 Alondra Way Sold | $1,200,000 | 3 | 2 | 1,644 | $730 | 0.1 mi |
D 1455 S Calle De Maria Sold | $1,200,000 | 4 | 4 | 2,387 | $503 | 0.8 mi |
E 2942 Searchlight Lane Sold | $1,325,000 | 3 | 3 | 2,116 | $626 | 0.5 mi |
F 3001 Twilight Lane Sold | $1,300,000 | 3 | 3 | 2,116 | $614 | 0.5 mi |
G 1033 S Calle Rolph Active Under Contract | $1,100,000 List Price | 2 | 3 | 2,059 | $534 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1986, the property is well-maintained and move-in ready but remains largely dated. While the kitchen features granite updates, the cabinetry and bathroom fixtures (original 4x4 tile and sliding doors) appear to be over 20 years old, placing it in the 'Fair' category for needing cosmetic modernization.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10019, living area = 2300.
Situated in the desirable Los Compadres neighborhood on a quiet cul-de-sac, this home offers exceptional privacy while remaining minutes away from Smoketree Commons and downtown Palm Springs.
The floor plan features dual primary bedrooms and three full baths, providing an ideal configuration for multi-generational living or a high-performing luxury vacation rental.
The local assigned schools carry modest ratings (4/10), which may be a drawback for families specifically seeking top-tier educational districts.
Built in 1986, the home lacks the iconic Mid-Century Modern architecture that often commands a premium and drives high demand in the Palm Springs market.
Beautiful cul-de-sac home at the south end of Palm Springs in the very popular Los Compadres neighborhood. Large home with 3 bedrooms, 3 baths, 3 car garage plus pool & spa. Low maintenance desert landscaping & privacy. Great floor plan with stunning stone floors, dual primary bedrooms, walk-in closets, granite kitchen, soothing paint colors throughout & low maintenance desert landscaping. This home is move-in ready so you can start living the Palm Springs lifestyle immediately. Located very close to shopping at Smoketree Commons and close to all that Palm Springs has to offer downtown - restaurants, entertainment, casino, playhouses, street fairs etc. Don't wait too long on this one...Buyer to verify all public & private marketing remarks.
No exterior & parking available.
Grades K-5 • 1.2 mi
Grades 6-8 • 3.0 mi
Grades K-12 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,300 | 2,076 |
| Lot Size | 10,019 | 10,454 |
| Price | $1.38M | $1.04M |
| Price per sq ft | $598 | $525 |
| Built year | 1986 | 1977 |
| HOA | $0 | $332 |
| Days on market | 8 | 75 |
Jul 14, 2026
$1,375,000
Initial Listing
Feb 1, 1990
$255,000
Public Record
Feb 1, 1989
$214,000
Public Record