1605 Ridgemore Drive, Palm Springs, California 92264, Palm Springs, 92264 - 5 bed, 5 bath
1605 Ridgemore Drive
Palm Springs, California 92264
Property Price
SUMMARY
Analysis of 1605 Ridgemore Drive, Palm Springs, California 92264 reveals a Fairly Priced Property with a current list price of $3,950,000 aligned with the estimated $3,837,312 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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 |
|---|---|---|---|---|---|---|
★ 1605 Ridgemore Drive Subject | $3,950,000* List Price | 5 | 5 | 5,208 | $737 | - |
A 3192 E Bogert Trail Sold | $4,095,000 | 5 | 7 | 5,715 | $717 | 0.2 mi |
B 3096 Arroyo Seco Sold | $3,600,000 | 4 | 5 | 4,392 | $820 | 0.5 mi |
C 3330 Andreas Hills Drive Active | $4,499,000 List Price | 5 | 7 | 5,377 | $837 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
This 1975-built luxury estate is move-in ready and appears well-maintained with significant updates to key areas. The description highlights a 'well-appointed' open-concept kitchen and a 'spa-inspired' primary bath, suggesting renovations that align with modern luxury standards. While the property retains its 1970s structural era, the inclusion of 42 solar panels, high-end finishes, and the $3.95M price point indicate a home that has been extensively updated and requires no immediate renovation.
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 = 22651, living area = 5208.
- Premier Enclave Location
Situated in the prestigious Andreas Hills neighborhood of South Palm Springs, the property offers a highly desirable setting known for its stunning mountain views and immediate proximity to iconic hiking trails.
- Expansive and Versatile Layout
With over 5,200 square feet and five en-suite bedrooms, the home provides exceptional flexibility for multi-generational living, a home gym, or a professional office suite.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
- Leased Solar Commitment
The 42 solar panels are leased rather than owned, which requires a lease assumption by the buyer and may be viewed less favorably than an owned system at this luxury price point.
- 1970s Era Infrastructure
Built in 1975, the property may require significant capital investment to modernize mechanical systems or aesthetic finishes to meet the expectations of today's ultra-luxury buyers.
About 1605 Ridgemore Drive
A rare opportunity to own a large, versatile home in one of Palm Springs most desirable enclaves.Located in the highly sought-after Andreas Hills neighborhood of South Palm Springs, this expansive residence offers a prime setting for entertaining and everyday living. Designed for hosting friends and family, the home features four generous en-suite bedrooms plus a versatile fifth room ideal for a guest suite, home office, gym, or flex space to suit your lifestyle.The private primary suite is a true retreat, complete with an attached office, dual walk-in closets, a spa-inspired bath, and direct access to the backyard. The main living areas showcase a spacious open-concept floor plan with a well-appointed kitchen flowing seamlessly into the great room, highlighted by two fireplaces that add warmth and character.Set on an impressive 22,651 sqft lot, the property offers multiple patios in both the front and rear yards, along with a charming citrus orchard along the side yard perfect for enjoying the desert lifestyle indoors and out. Additional highlights include 42 solar panels (leased) for energy efficiency and a premier location surrounded by mountain views and nearby hiking trails.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1975
- Lot Size
- 22,651 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 5 (5 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 90% |
| Baths | 5.0 | 3.0 | 86% |
| Square foot | 5,208 | 2,319.5 | 96% |
| Lot Size | 22,651 | 10,454 | 96% |
| Price | $3.95M | $1.44M | 97% |
| Price per sq ft | $758 | $608 | 79% |
| Built year | 1975 | 1972 | 55% |
| HOA | $0 | $0 | 50% |
| Days on market | 6 | 163 | 1% |
Pricing History
Listed for Sale
Mar 1, 2026
$3,950,000
Initial Listing
Sold
Aug 1, 2008
$1,682,500
Public Record
Sold
Apr 28, 2005
$1,099,000
Public Record
Sold
Jun 24, 2002
$850,000
Public Record