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2040 S Chico Drive, Palm Springs, California 92264, Palm Springs, 92264 - 5 bed, 4 bath

2040 S Chico Drive, Palm Springs, California 92264 home-pic-0
ACTIVE$2,595,000$2,994/sqft
Est. Value: $2,390,364
-7%
AboveEstimate
2040 S Chico Drive, Palm Springs, California 92264
5Beds
4Baths
2,994Sqft
10,019Lot

Price Vs. Estimate

The estimated value ($2,390,364.215) is $204,635.785 (7%) lower than the list price ($2,595,000). This property may be overpriced.

Key pros and cons

Top Pros:
Prime Location & Land Ownership: Located in the highly desirable Indian Canyons neighborhood of South Palm Springs on fee simple land, offering a premium address and direct ownership.
Top Cons:
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.

Compared to the nearby listings

Price:$2.60M vs avg $1.30M (+$1,295,000)93%
Size:2,994 sqft vs avg 2,199 sqft77%
Price/sqft:$867 vs avg $60090%

More Insights

Built in 1977 (49 years old).
Condition: Despite being built in 1977, this property has undergone an extensive and comprehensive modern renovation, as detailed in the description and evident in the high-quality images. The kitchen features custom cabinetry, premium stone surfaces, and high-end stainless steel appliances, all in pristine, contemporary condition. The bathrooms have been transformed into spa-like retreats with curbless showers, floating vanities, and modern fixtures. The entire home boasts new large-format Italian porcelain tile flooring, updated lighting, new windows and doors, and significant system upgrades including electrical, plumbing, and HVAC servicing. The overall aesthetic is virtually new, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'excellent' criteria for a recently and extensively renovated property.
Year Built
1977
Close
-
List price
$2.6M
Original List price
$1.59M
Price/Sqft
$867
HOA
-
Days on market
-
Sold On
-
MLS number
219141591PS
Home ConditionExcellent
Features
Excellent View: Mountain(s), Panoramic
Pool
Spa
Patio
ViewMountain(s), Panoramic

About this home

Located in the desirable Indian Canyons neighborhood of South Palm Springs, 2040 S. Chico Drive represents an exceptional opportunity to own a thoughtfully reimagined modern residence on fee simple land. Homes of this caliber--where architectural vision, craftsmanship, and investment converge so seamlessly--are truly rare.The arrival experience immediately sets the tone, with a redesigned facade featuring custom steel detailing, expansive new glass, and refined desert landscaping. Inside, the home opens to dramatic volume and natural light, highlighted by soaring ceilings, clerestory windows, and oversized skylights. Large-format Italian porcelain tile runs throughout, creating a cohesive and sophisticated foundation.The open living and kitchen areas are designed for both comfort and entertaining, anchored by custom cabinetry, carefully selected stone surfaces, and a striking illuminated bar feature. Warm architectural wood accents and thoughtfully layered lighting enhance the modern design while maintaining an inviting atmosphere.Bathrooms have been transformed into spa-like retreats, featuring curbless showers, backlit stone niches, floating benches, and premium fixtures. The primary suite offers direct pool access, a custom walk-in closet, and a serene bath designed for relaxation. Several guest bedrooms enjoy private outdoor access, further connecting the home to its surroundings.Outdoors, the backyard has been fully redesigned with a newly resurfaced pool, all-new equipment, custom pergola, and multiple spaces for lounging and dining, all framed by stunning mountain views. Extensive upgrades include new windows and doors, roofing, electrical, plumbing, lighting, HVAC servicing, and fully permitted structural improvements.

J
Jeffery Burnell
Listing Agent

Nearby schools

4/10
Cahuilla Elementary School
Public,•K-5•1.1mi
4/10
Raymond Cree Middle School
Public,•6-8•3.5mi
4/10
Desert Learning Academy
Public,•K-12•1.5mi
6/10
Palm Springs High School
Public,•9-12•1.8mi

Price History

Date
Event
Price
04/27/23
Sold
$1,300,000
Condition Rating
Excellent
Despite being built in 1977, this property has undergone an extensive and comprehensive modern renovation, as detailed in the description and evident in the high-quality images. The kitchen features custom cabinetry, premium stone surfaces, and high-end stainless steel appliances, all in pristine, contemporary condition. The bathrooms have been transformed into spa-like retreats with curbless showers, floating vanities, and modern fixtures. The entire home boasts new large-format Italian porcelain tile flooring, updated lighting, new windows and doors, and significant system upgrades including electrical, plumbing, and HVAC servicing. The overall aesthetic is virtually new, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'excellent' criteria for a recently and extensively renovated property.
Pros & Cons

Pros

Prime Location & Land Ownership: Located in the highly desirable Indian Canyons neighborhood of South Palm Springs on fee simple land, offering a premium address and direct ownership.
Extensive Modern Renovation: The residence has been thoughtfully reimagined with architectural vision, featuring a redesigned facade, custom detailing, expansive new glass, and refined desert landscaping, creating a truly modern aesthetic.
Luxurious Interior Design & Features: Boasts dramatic volume, abundant natural light from soaring ceilings and skylights, large-format Italian porcelain tile, custom cabinetry, premium stone surfaces, and spa-like bathrooms with high-end fixtures.
Comprehensive System Upgrades: Extensive upgrades include new windows and doors, roofing, electrical, plumbing, lighting, HVAC servicing, and fully permitted structural improvements, ensuring modern functionality and peace of mind.
Resort-Style Outdoor Living & Views: The backyard is fully redesigned with a newly resurfaced pool, all-new equipment, custom pergola, and multiple lounging/dining areas, all framed by stunning panoramic mountain views.

Cons

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.
Significant Price Adjustment: The current list price of $2.595M represents a substantial increase from the original list price of $1.595M, which may require careful justification through market comparables.
Original Construction Age: Despite extensive renovations, the property's original build year of 1977 means the underlying structure is older, which some buyers might perceive as a drawback compared to newer construction.
HVAC System Specificity: While 'HVAC servicing' is mentioned as an upgrade, the description does not explicitly state a full HVAC system replacement or upgrade, which could be a point of inquiry for buyers prioritizing a brand-new, highly efficient cooling system in Palm Springs' climate.
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