1602 Olga Way, Palm Springs, California 92262, Palm Springs, 92262 - 4 bed, 2 bath
1602 Olga Way
Palm Springs, California 92262
Property Price
SUMMARY
Analysis of 1602 Olga Way, Palm Springs, California 92262 reveals a Fairly Priced Property with a current list price of $799,000 aligned with the estimated $797,518 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Palm Springs Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1602 Olga Way Subject | $799,000* List Price | 4 | 2 | 1,597 | $499 | - |
A 1533 Lorena Sold | $630,000 | 3 | 2 | 1,438 | $438 | 0.0 mi |
B 1609 Amelia Way Sold | $840,000 | 4 | 2 | 1,717 | $489 | 0.1 mi |
C 1501 Olga Way Sold | $720,000 | 4 | 2 | 1,717 | $419 | 0.1 mi |
D 2110 N Paseo De Anza Sold | $775,000 | 4 | 2 | 1,717 | $451 | 0.1 mi |
E 2705 E San Marino Road Sold | $860,000 | 4 | 2 | 1,584 | $543 | 0.7 mi |
F 1481 E Padua Way Sold | $655,000 | 3 | 2 | 1,560 | $420 | 0.2 mi |
G 1591 Olga Way Active | $835,000 List Price | 4 | 2 | 1,597 | $523 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
The property has undergone extensive recent renovations, featuring a modern kitchen with new stainless-steel appliances and granite countertops. Major systems have been completely updated within the last few years, including a new HVAC system, a 27-panel solar system with Tesla Powerwall 3, and a tankless water heater. The addition of a brand-new pool and spa with digital controls, along with updated hardwood and tile flooring, ensures the home meets current quality standards with no deferred maintenance.
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 = 7841, living area = 1597.
- Advanced Energy Efficiency
The property features a robust 27-panel Enphase solar system with a 40-year warranty and a Tesla Powerwall 3, offering significant utility savings and energy independence.
- Premium Outdoor Amenities
A brand-new pool and spa equipped with digital Wi-Fi controls provide a modern, resort-style backyard experience perfect for the Palm Springs climate.
CONSRISKS & DEFICIENCIES
- Compact Bedroom Dimensions
With four bedrooms distributed across 1,597 square feet, individual room sizes may feel small or cramped compared to other homes in this price bracket.
- Average School Ratings
The local middle and high schools carry lower ratings (4/10), which may be a deterrent for families prioritizing top-tier educational districts.
- Limited Living Area Scale
The high bedroom count relative to the total square footage likely sacrifices the size of the open-concept living and dining areas.
About 1602 Olga Way
Welcome to 1602 Olga Way, a beautifully updated single-story retreat in the desirable Vista Norte neighborhood of Palm Springs. Set on a generous 7,841 sq ft lot, this 4-bedroom, 2-bathroom home offers 1,597 sq ft of refined living space designed for effortless indoor-outdoor living.Inside, you'll find a light-filled open layout with hardwood and tile floors, a spacious living room with a cozy fireplace, and a modern kitchen featuring new stainless-steel appliances, granite countertops, and abundant storage. The primary suite offers a private retreat with direct access to the backyard oasis, where a brand-new pool and spa both with digital heating and Wi-Fi controls invite you to relax and entertain in true Palm Springs style.This home has been thoughtfully upgraded for efficiency and comfort, featuring a new AC/heat pump/furnace system with a 10-year guarantee, a new Enphase solar system (27 panels) with a 40-year warranty, and a Tesla Powerwall 3 battery with a 10-year warranty, along with Tesla converters and a switching system for seamless energy management. Additional updates include a tankless water heater with warranty, an underground automatic timed watering system, and an attached two-car garage for convenience.This property also has the ability to operate as a short-term rental, offering excellent investment potential in one of Palm Springs' most sought-after neighborhoods.Just minutes from downtown Palm Springs' world-class dining, shopping, and entertainment, this move-in-ready home perfectly blends modern sustainability with desert luxury offering contemporary efficiency, timeless design, and resort-style living all in one exceptional property.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1997
- Lot Size
- 7,841 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 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 • 0.8 mi
Raymond Cree Middle School
Grades 6-8 • 0.5 mi
Palm Springs High School
Grades 9-12 • 2.2 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 70% |
| Baths | 2.0 | 3.0 | 45% |
| Square foot | 1,597 | 1,964 | 29% |
| Lot Size | 7,841 | 9,583 | 42% |
| Price | $799.0K | $895.0K | 40% |
| Price per sq ft | $500 | $478 | 56% |
| Built year | 1997 | 1989 | 56% |
| HOA | $0 | $0 | 50% |
| Days on market | 25 | 179 | 1% |
Pricing History
Listed for Sale
Feb 10, 2026
$799,000
Initial Listing
Sold
Jul 5, 2018
$485,000
Public Record
Sold
Nov 25, 2013
$370,000
Public Record
Sold
Jun 17, 2011
$232,000
Public Record
Sold
May 25, 2005
$480,000
Public Record
Sold
Jan 14, 2005
$418,000
Public Record