
Palm Springs, California 92264
This Spacious South Palm Springs Retreat is a Strong Value Opportunity, listed at $1,350,000—positioned well below the $1,444,027 Fair Market Value by 6%. This valuation gap provides $94,027 in Instant Equity. While maintaining a Fair Condition Rating with original 2001 finishes, the home offers Fee Land ownership, Short Term Rental eligibility, and unobstructed mountain views. Located near Palm Springs High School, the property features a private pool and spa and a 3-car garage. This is an ideal acquisition for Owner-Occupants or Second-Home Buyers seeking a high-utilization asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1691 Ponderosa Way Subject | $1,350,000* List Price | 3 | 3 | 2,783 | $516 | - |
A 1274 S Beverly Drive Sold | $1,050,000 | 3 | 3 | 2,045 | $513 | 0.4 mi |
B 1879 Torchlight Lane Sold | $1,285,000 | 2 | 3 | 2,268 | $567 | 0.5 mi |
C 3051 Twilight Lane Active | $1,300,000 List Price | 3 | 3 | 2,412 | $539 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2001, this property is well-maintained and move-in ready, but largely retains its original builder-grade finishes. The tile flooring, coved ceilings, and oak-toned built-ins are characteristic of its 23-year age. While functional and clean, the kitchen and wet bar features lack recent modern updates, placing it squarely in the 'Fair' category based on the provided criteria for homes over 20 years old without major renovations.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11326, living area = 2783.
The property is situated on Fee Land (land you own) and is currently eligible for a Short Term Rental permit, providing both long-term security and immediate investment income potential.
The private backyard retreat offers stunning south and west-facing mountain views without the interruption of power lines, featuring a pool, spa, and waterfall.
The local elementary and middle schools are rated 4/10, which may be a drawback for families prioritizing high-performing educational districts.
Built in 2001, the interior features like tile flooring and coved ceilings may feel dated to buyers seeking the ultra-modern aesthetic common in high-end Palm Springs renovations.
SUN, POOL, and MOUNTAIN VIEWS to the south and west set the tone for easy South Palm Springs living at this private backyard retreat. Tucked into a quieter pocket of the Los Compadres neighborhood, this residence offers a sense of privacy while remaining close to the best of town. Situated on Fee Land (you own it) and currently eligible for a Short Term Rental Permit. 3 bedrooms and 3 baths in 2,783 square feet. The backyard is a highlight with mature citrus, swaying palms, and a pool and spa with waterfall set against the mountain backdrop. No power lines to interrupt the view. Inside, main living areas are light and bright with tall ceilings and tile floors, opening to a long covered patio through a series of sliders. The living room features custom built ins, a fireplace, and wet bar with refrigerator and views. Formal dining includes a coved ceiling, motorized blinds, and French doors to a separate patio. The kitchen centers around a large island with counter seating, plus a walk in pantry, breakfast area, and desk alcove. Great separation of bedrooms. The ensuite primary features vaulted ceilings, clerestory windows, direct patio and pool access, a soaking tub, walk in shower, and generous closet space. Junior Ensuite 2 also opens to the pool with its own bath. Guest Bedroom 3 is currently used as an office and sits near a full bath featuring a clerestory window. Laundry room with utility sink is located off the kitchen. Direct access to a 3 car garage. All of this in a desirable South Palm Springs location close to dining, shopping, and everything that makes this part of the desert so easy to enjoy.
No exterior & parking available.
Grades K-5 • 1.9 mi
Grades 6-8 • 3.4 mi
Grades K-12 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,783 | 2,330 | 71% |
| Lot Size | 11,326 | 10,019 | 70% |
| Price | $1.35M | $1.42M | 48% |
| Price per sq ft | $485 | $623 | 27% |
| Built year | 2001 | 1977 | 67% |
| HOA | $0 | $0 | 50% |
| Days on market | 68 | 144 | 7% |
Mar 31, 2026
$1,350,000
Initial Listing
Mar 29, 2018
$799,000
Public Record
Jul 29, 1999
$75,000
Public Record
Jun 3, 1998
$55,000
Public Record