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1862 N Nogales Way, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 2 bath

1862 N Nogales Way, Palm Springs, California 92262 home-pic-0
ACTIVE$780,000
1862 N Nogales Way, Palm Springs, California 92262
3Beds
2Baths
1,620Sqft
10,019Lot

Price Vs. Estimate

The estimated value ($769,828.745) is $10,171.255 (1%) lower than the list price ($780,000). This property may be overpriced.

Key pros and cons

Top Pros:
Vacation Rental Potential: The home is fully licensed for short-term vacation rentals and is already a 'guest favorite,' indicating strong income-generating potential and established demand.
Top Cons:
Permit Transfer Uncertainty: The listing explicitly notes 'must check with city about permit transfer' for the short-term rental license, which could pose a significant hurdle or risk for a buyer intending to continue the vacation rental operation.

Compared to the nearby listings

Price:$780.0K vs avg $925.0K ($-145,000)35%
Size:1,620 sqft vs avg 2,096 sqft31%
Price/sqft:$481 vs avg $49048%

More Insights

Built in 1978 (47 years old).
Condition: The property, built in 1978, has clearly undergone extensive and thoughtful upgrades, as described and evidenced by the images. The kitchen features modern white shaker cabinets, a mosaic tile backsplash, and stainless steel appliances, indicating a renovation likely within the last 5-15 years. While the butcher block countertops and drop-in sink are functional and clean, they are not the highest-end finishes, preventing an 'Excellent' rating. Flooring appears to be clean tile throughout, and recessed lighting adds to the modern feel. The outdoor area with the pool is exceptionally well-maintained and updated. The home is move-in ready with no immediate renovations required, aligning perfectly with the 'Good' condition criteria for a property extensively renovated within the specified timeframe.
Year Built
1978
Close
-
List price
$780K
Original List price
$849K
Price/Sqft
$481
HOA
-
Days on market
-
Sold On
-
MLS number
219127991DA
Home ConditionGood
Features
Excellent View: Mountain(s)
Pool
Spa
Patio
ViewMountain(s)

About this home

Modern Oasis in Victoria Park / Vista Norte - Palm Springs Vacation Rental GemWelcome to your perfect Palm Springs getaway! Located in the highly desirable Victoria Park / Vista Norte neighborhood, this beautifully upgraded 3-bedroom, 2-bath home is a stylish and serene escape designed for relaxation and fun.Step inside to discover a bright, modern interior with tasteful decor and thoughtful upgrades throughout. The open-concept living space flows seamlessly into a fully equipped kitchen, perfect for entertaining or enjoying a quiet evening in.Outdoors, the private backyard is a true desert oasis. Enjoy sunny days lounging by the sparkling pool, dine alfresco under the stars in the spacious outdoor dining area, or unwind in the lush, private setting surrounded by palm trees and mountain views.This home is fully licensed for short-term vacation rentals and is already a guest favorite thanks to its ideal location, luxurious amenities, and unbeatable indoor-outdoor living experience. ( must check with city about permit transfer)Whether you're looking for an investment property or a personal retreat, this Palm Springs gem checks all the boxes.

Nearby schools

6/10
Vista Del Monte Elementary School
Public,•K-5•0.8mi
4/10
Raymond Cree Middle School
Public,•6-8•0.3mi
6/10
Palm Springs High School
Public,•9-12•2.0mi
4/10
Desert Learning Academy
Public,•K-12•2.2mi
Condition Rating
Good
The property, built in 1978, has clearly undergone extensive and thoughtful upgrades, as described and evidenced by the images. The kitchen features modern white shaker cabinets, a mosaic tile backsplash, and stainless steel appliances, indicating a renovation likely within the last 5-15 years. While the butcher block countertops and drop-in sink are functional and clean, they are not the highest-end finishes, preventing an 'Excellent' rating. Flooring appears to be clean tile throughout, and recessed lighting adds to the modern feel. The outdoor area with the pool is exceptionally well-maintained and updated. The home is move-in ready with no immediate renovations required, aligning perfectly with the 'Good' condition criteria for a property extensively renovated within the specified timeframe.
Pros & Cons

Pros

Vacation Rental Potential: The home is fully licensed for short-term vacation rentals and is already a 'guest favorite,' indicating strong income-generating potential and established demand.
Desirable Location: Situated in the 'highly desirable Victoria Park / Vista Norte neighborhood' in Palm Springs, offering an ideal setting for both personal retreat and rental guests.
Upgraded & Modern Interior: Features a 'beautifully upgraded,' 'bright, modern interior with tasteful decor and thoughtful upgrades throughout,' including an 'open-concept living space' and 'fully equipped kitchen.'
Exceptional Outdoor Living: The 'private backyard is a true desert oasis' with a 'sparkling pool,' 'spacious outdoor dining area,' and 'lush, private setting surrounded by palm trees and mountain views,' providing an 'unbeatable indoor-outdoor living experience.'
Mountain Views: The property boasts desirable mountain views, enhancing its aesthetic appeal and overall value, particularly in the Palm Springs market.

Cons

Permit Transfer Uncertainty: The listing explicitly notes 'must check with city about permit transfer' for the short-term rental license, which could pose a significant hurdle or risk for a buyer intending to continue the vacation rental operation.
Age of Property: Built in 1978, the property is over 45 years old. While upgraded, older homes can sometimes present unforeseen maintenance issues or require updates to core systems (e.g., plumbing, electrical, HVAC) that may not be immediately apparent or fully addressed by cosmetic renovations.
Price Reduction: The property has undergone a notable price reduction from its original list price of $848,500 to $780,000, which could suggest initial overpricing, extended market time, or a need to stimulate buyer interest.

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